Keurig Dr Pepper Names Russ Torres Chief Executive Officer of Future Global Coffee Co.

Proven global consumer goods leader brings 30-year track record of scaling iconic brands, driving commercial growth, and leading enterprise transformations

BURLINGTON, Mass. and FRISCO, Texas and AMSTERDAM, Oct. 1, 2026 /PRNewswire/ — Keurig Dr Pepper Inc. (NASDAQ: KDP) today announced that its Board of Directors has named Russ Torres as Chief Executive Officer of the future Global Coffee Co. Torres will join KDP on November 3, 2026, and serve as Chief Executive Officer of the Company’s Coffee Operating Unit prior to separation, during which time he will lead the integration of KDP’s and JDE Peet’s coffee operations. He will report to KDP Chief Executive Officer Tim Cofer, who will become Chief Executive Officer of Beverage Co. following separation. Torres will also serve as a member of the future Global Coffee Co. Board of Directors upon the Company’s planned separation, targeted for early 2027.

Torres brings three decades of consumer products leadership, managing multi-billion-dollar global businesses, building household brands, and guiding large organizations through complex enterprise transformations. He joins from Kimberly-Clark Corporation (NYSE: KMB), where he currently serves as President and Chief Operating Officer, overseeing operations in more than 30 countries.

“Russ is a proven leader with extensive experience building consumer brands, guiding global organizations through complex change, and delivering consistent results with high performing teams. That is precisely what Global Coffee Co. requires,” said Pamela Patsley, KDP Board Chairman who will serve as Chairman of the Board of the future Global Coffee Co. “Following a rigorous global search against a demanding set of criteria, Russ emerged as the clear choice. I look forward to partnering with Russ to establish Global Coffee Co. as the world’s largest pure play coffee powerhouse.”

“Russ brings the right combination of commercial drive, brand-building pedigree, and operational discipline needed to stand up Global Coffee Co. for long-term growth,” said Tim Cofer, Chief Executive Officer of KDP. “Our base business is healthy, integration and deleveraging work is on plan, and Russ joins with meaningful runway to engage our teams, drive synergy realization, and shape strategy well ahead of separation. He has spent his career accelerating growth across major global portfolios while executing large-scale transformations, and I am thrilled to welcome him to the organization.”

“This is an extraordinary opportunity to build the company that will shape the future of coffee,” said Torres. “Coffee is one of the most exciting and resilient categories in consumer goods today. With the remarkable talent across this business and powerhouse brands like Keurig®, Peet’s®, L’OR®, Jacobs® and Green Mountain Coffee Roasters®, Global Coffee Co. is uniquely positioned to drive growth, deliver game-changing innovations, and delight consumers around the world. I am looking forward to working with the team to create real value in a category people love.”

Across a 30-year career in consumer goods, Torres has established a proven track record of accelerating growth across scaled global businesses. Prior to his appointment as President and Chief Operating Officer of Kimberly-Clark, he served as Group President of North America, where he drove accelerated, profitable top-line growth. Earlier in his career, Torres held senior executive leadership roles at Newell Brands, Bain & Company, and Mondelēz International (formerly Kraft Foods). Torres holds an MBA from the Kellogg School of Management at Northwestern University and a Bachelor of Arts in Physics from Dartmouth College.

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. The company will offer an unmatched portfolio spanning single-serve systems, roast and ground, whole bean, soluble, ready-to-drink, and away-from-home formats through iconic power brands including Keurig®, Jacobs®, Peet’s®, L’OR®, and Green Mountain Coffee Roasters® alongside beloved regional favorites.

Investor Contact:
Investor Relations
T: 888-340-5287 / IR@kdrp.com 

Media Contact:
Xenja Lindberg
Xenja.Lindberg@kdrp.com 

ABOUT KEURIG DR PEPPER

Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company with more than 150 owned, licensed and partner brands that meet a wide range of needs and occasions. Our North American refreshment beverage business holds leadership positions across carbonated soft drinks, water, juice and mixers with a portfolio of iconic brands such as Dr Pepper®, Canada Dry®, Mott’s®, A&W®, Peñafiel®, GHOST®, 7UP®, Snapple®, Clamato® and Core Hydration®. Our global coffee business spans more than 100 markets and includes the leading Keurig® single-serve brewing system in the U.S. and Canada, along with powerhouse brands such as Peet’s, L’OR and Jacobs, and other regional coffee leaders. Our more than 50,000 employees aim to enhance the experience of every beverage and coffee occasion while making a positive impact for people, communities and the planet. Learn more at www.keurigdrpepper.com and follow us @KeurigDrPepper on LinkedIn and Instagram.

FORWARD-LOOKING STATEMENTS

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SOURCE Keurig Dr Pepper