On April 1, 2022, the Board of Directors of Keurig Dr Pepper Inc. approved a succession plan pursuant to which Robert J. Gamgort will transition from his position as President and Chief Executive Officer of the Company effective as of July 29, 2022 ("the Transition Date"). Mr. Gamgort will continue to serve as Executive Chairman of the Board through July 26, 2024. The Board has appointed Ozan Dokmecioglu, currently the Company's Chief Financial Officer and President, International, to the role of President and Chief Executive Officer effective as of the Transition Date.

Dokmecioglu will join the Company's Board of Directors effective July 29, 2022.