8-KItem 8.01 · Other EventsItem 9.01 · Financial Statements
KDP Names Russ Torres CEO of Coffee Unit Ahead of Planned 2027 Separation
Filed with the SEC on · Summarized by InvestorsBot
Keurig Dr Pepper named Russ Torres, currently president and chief operating officer of Kimberly-Clark, CEO of its Coffee Operating Unit effective November 3, 2026, and CEO of the future Global Coffee Co. after the planned separation targeted for early 2027. Torres will lead the integration of KDP’s and JDE Peet’s coffee operations; the standalone coffee company is expected to generate approximately $16 billion in annual revenue, employ more than 25,000 people and serve over 100 markets.