Keurig Dr Pepper Inc. announced On April 25, 2024, KDP announced that, consistent with its previously announced leadership succession plan, Robert Gamgort will step down from his position as the Company?s Chief Executive Officer and has been appointed Executive Chairman of the Board of Directors (the ?Board?), effective April 26, 2024. The Company also announced that Timothy Cofer has been appointed as Chief Executive Officer and as a member of the Board, effective April 26, 2024. Mr. Cofer has not been appointed to serve as a member of any Board committee.

Mr. Cofer, 55, joined the Company in November 2023 as Chief Operating Officer. Before joining the Company, he served as the Chief Executive Officer of Central Garden & Pet, a public company in the pet and garden industries. Previously, he served as the Executive Vice President and Chief Growth Officer of Mondelez International from 2016 to 2019, where he led the company?s consumer- and customer-facing global functions.

Prior to that, he served in roles of increasing responsibility at Mondelez International, Kraft Foods Group and Oscar Mayer Foods, with experience across a wide range of product categories, including coffee, chocolate and packaged food. Mr. Cofer holds a BA from St. Olaf College and an MBA from the University of Minnesota.