Keurig Dr Pepper has appointed Anthony DiSilvestro as chief financial officer, effective immediately. He’ll report to CEO Tim Cofer and lead the company’s finance and technology organizations at a pivotal moment as KDP moves to close its $18 billion acquisition of Netherlands-based JDE Peet’s.
DiSilvestro’s leadership at Campbell Soup and Mattel
With more than 40 years in diverse industries, DiSilvestro has extensive experience in strategic leadership, cost structure optimization, and large-scale transactions at Campbell Soup Company and Mattel, Inc., KDP said.
“As a seasoned and forward-thinking CFO with deep expertise across food & beverage and consumer goods, Anthony is a natural fit for KDP,” Cofer said in a statement. “He’ll play a crucial role in sustaining our company’s strong base business momentum, while drawing on his significant M&A experience to facilitate the successful integration of JDE Peet’s and ultimate creation of two winning companies. Anthony will be a valuable partner in launching our next chapter.”
KDP is taking several steps in leadership to prepare for splitting the combined company. In August, we told you about the impact of the JDE Peet’s mega-deal on KDP’s Frisco future. When the deal closes in the first half of 2026, KDP plans to separate into “two independent, U.S.-listed publicly traded companies”: a Frisco-based “refreshment beverages” leader and the world’s largest pure-play coffee company, which will have a global HQ in Burlington, Massachusetts, and international headquarters in Amsterdam, the Netherlands.
CFO experience and transition plan
Most recently, DiSilvestro served as CFO of Mattel, Inc. During his five years in the role, he modernized and improved the finance organization, strengthened the company’s balance sheet and credit profile, and drove strong cost discipline and productivity across the enterprise, KDP said.
Prior to Mattel, he served in roles of increasing responsibility at Campbell Soup Company, rising in financial leadership over more than two decades, culminating as CFO from 2014 to 2019. As CFO, he led a transformation of the company’s cost structure and oversaw major transactions, including multiple acquisitions and divestitures. DiSilvestro’s earlier career included 11 years at Scott Paper Company.
“KDP is a world-class company with a compelling growth strategy, iconic brands and a unique opportunity to transform the beverage industry and unlock shareholder value,” said DiSilvestro. “I’m excited to work with Tim and the board, the management team, and a strong bench of finance leaders to drive attractive results and help navigate this pivotal period for our company.”
The CFO role transitions to DiSilvestro from Sudhanshu Priyadarshi, the company’s previous chief financial officer and president, international, who will serve as a strategic advisor for KDP through April 7, 2026, to ensure a seamless process. Priyadarshi has been with the company since 2022.
“Sudhanshu has been an integral part of KDP’s strategic evolution, accretive international contribution and strong financial performance during his tenure,” said Cofer. “I thank him for his service to the company and wish him all the best on his future endeavors.”
Other leadership transitions
As part of this leadership transition, the company also announced expanded roles for two senior financial leaders.
George Lagoudakis, currently SVP commercial finance, is taking on the newly created role of deputy CFO. In this role, Lagoudakis will take on additional responsibility to ensure the successful separation and establishment of the future Beverage Co.
Jane Gelfand recently took on the expanded role of SVP strategic finance and capital markets. In this role, Gelfand continues to lead investor relations and international finance, while assuming additional responsibility related to transaction management and financing for the upcoming acquisition and separation.
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