Frisco, Texas-based Keurig Dr Pepper has announced the resignation of Ozan Dokmecioglu as CEO and a member of the KDP board of directors. Bob Gamgort, the company’s executive chairman and former CEO, was reappointed by the board to the role of CEO, in addition to continuing as chairman.
“KDP has a deep and talented executive team,” Gamgort said. “I look forward to continuing to work with the leadership team and the board in the role I held less than four months ago.”
Dokmecioglu agreed to resign due to violations of the company’s code of conduct that were unrelated to strategy, operations or financial reporting.
“Keurig Dr Pepper’s code of conduct is built on a foundation of ethics, integrity and personal responsibility. Every employee, without exception, is accountable for knowing and following the code,” said Paul S. Michaels, lead director of the Keurig Dr Pepper board. “Bob’s vision and leadership have driven KDP’s success as a modern beverage company to date, and the board is grateful for his willingness to return as CEO.”
Keurig Dr Pepper is a beverage company in North America, with annual revenue approaching $13 billion and approximately 27,000 employees. The company’s portfolio of more than 125 owned, licensed and partner brands includes Keurig, Dr Pepper, Green Mountain Coffee Roasters, Canada Dry, Snapple, Bai, Mott’s, CORE and The Original Donut Shop.
Through its sales and distribution network, KDP delivers its portfolio of hot and cold beverages to nearly every point of purchase for consumers. The company sources, produces and distributes its beverages through its “Drink Well. Do Good.” corporate responsibility platform, including efforts around circular packaging, efficient natural resource use and supply chain sustainability.
For more information, visit keurigdrpepper.com.
