Keurig Dr Pepper Inc. (KDP) announced changes to executive leadership team in advance of the company’s previously announced CEO transition at the end of this month.
Ozan Dokmecioglu will transition from the position of Keurig Dr. Pepper CFO & president, international to the position of CEO on July 29, at which time Chairman and CEO Bob Gamgort will transition to the role of executive chairman.
Derek Hopkins, who currently serves as president, cold beverages, will leave KDP at the end of 2022 to pursue family and personal interests, the company announced. Hopkins will continue to serve in an advisory role in 2023 to Gamgort and Dokmecioglu.
The company is separating Hopkins’ current role into two – president, commercial and a more focused president, cold beverages role. KDP has launched an external search for a new president, cold beverages, and expects to fill the role prior to year-end.
Andrew Archambault, who currently serves as chief customer officer, has been promoted to the president, commercial role, effective Aug. 1, and will become a member of the executive leadership team, reporting to Dokmecioglu. Archambault joined KDP in 2018 and has more than 25 years of leadership experience in the CPG industry.
Mauricio Leyva, who joined KDP in 2020 and currently serves as president, coffee, will assume an expanded role as group president, effective Aug. 1. In this role, Leyva will continue to lead coffee and add responsibility for the international businesses previously led by Dokmecioglu, as well as the continued evolution of the digitalization of KDP.
David Thomas, who has been with KDP and its predecessor companies since 2006 and currently serves as chief research and development officer, will retire from the company upon the naming of his successor.
The company has launched an external search process for a CFO to replace Dokmecioglu. George Lagoudakis, who currently serves as Senior Vice President of Finance for Cold Beverages and has more than 25 years of global financial management experience in the food industry, has been appointed to the interim role of KDP CFO, reporting to Dokmecioglu.
Dokmecioglu stated, “I want to thank Derek for his strong partnership and the significant value he helped to create at KGM and KDP. I am grateful for his ongoing support as an advisor to the Company. I’d also like to thank David for his significant contributions to KDP and our predecessor companies over the past 16 years and his plan to remain with KDP to transition to his successor. I wish him all the best as he moves into retirement. Finally, I’d like to congratulate Mauricio on his expanded role and Andrew and George on their new roles. I also want to express my gratitude to the entire KDP Executive Leadership Team for their strong support.”
Gamgort added, “Ozan embarks as CEO of KDP with a talented team and thoughtful transition plan. I am pleased to have the continued support of Derek, who has been a great partner in the significant value creation we have driven at KDP. I am also grateful to David for his strong leadership, expertise and development of our R&D function and wish him well in his retirement.”
