What changed
Keurig Dr Pepper appointed Russ Torres, currently President and Chief Operating Officer of Kimberly-Clark, as Chief Executive Officer of its future Global Coffee Co. Torres joins KDP on November 3, 2026, and will lead the Coffee Operating Unit and integration of KDP's and JDE Peet's coffee operations ahead of the separation targeted for early 2027. Upon separation, Global Coffee Co. will generate approximately $16 billion in annual revenue, employ more than 25,000 people, and serve consumers in over 100 markets. Tim Cofer will become Chief Executive Officer of Beverage Co. following separation.
Why it matters
Keurig Dr Pepper appointed Russ Torres, currently President and Chief Operating Officer of Kimberly-Clark, as Chief Executive Officer of its future Global Coffee Co. Torres joins KDP on November 3, 20
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Oct 01, 2026 07:16 PM ET