Keurig Dr Pepper Appoints Russ Torres as CEO of Coffee Unit and Future Global Coffee Co.

Executive Appointment and Corporate Separation Update

On October 1, 2026, Keurig Dr Pepper Inc. (NASDAQ: KDP) filed a Current Report on Form 8-K under Item 8.01 (Other Events) announcing the appointment of Russ Torres as Chief Executive Officer of the Company's Coffee Operating Unit, effective November 3, 2026.

Key Highlights:

• Leadership Role: Russ Torres will oversee the Coffee Operating Unit and will become the Chief Executive Officer and a director of Global Coffee Co. following the planned corporate separation of KDP's coffee and refreshment beverage businesses targeted for early 2027.
• Pre-Separation Mandate: Prior to the separation, Torres will report to KDP CEO Tim Cofer and lead the integration of KDP's and JDE Peet's coffee operations.
• Executive Background: Torres joins from Kimberly-Clark Corporation (NYSE: KMB), where he served as President and Chief Operating Officer, with prior senior leadership roles at Newell Brands, Bain & Company, and Mondelēz International.
• Strategic Outlook: Post-separation, Global Coffee Co. is projected to generate approximately $16 billion in annual revenue across more than 100 markets.