Keurig Dr Pepper Inc. has reappointed Bob Gamgort, its current executive chairman and former CEO, to his former chief executive’s post after announcing the resignation of Ozan Dokmecioglu as CEO and a member of the KDP board of directors. Gamgort will continue as the company’s chairman.
The company, which is based in Frisco and Burlington, Massachusetts, said in a statement that Dokmecioglu agreed to resign because of violations of the company’s Code of Conduct that were unrelated to strategy, operations, or financial reporting.
“Keurig Dr Pepper’s Code of Conduct is built on a foundation of ethics, integrity, and personal responsibility. Every employee, without exception, is accountable for knowing and following the code,” Paul S. Michaels, lead director of the KDP board, said in a statement. “Bob’s vision and leadership have driven KDP’s success as a modern beverage company to date, and the Board is grateful for his willingness to return as CEO.”
Gamgort said he looks forward to his continued work with KDP’s leadership team and the board in a role that he held less than four months ago.
“KDP has a deep and talented executive team” Gamgort.
A leading beverage company in North America, Keurig Dr Pepper has an annual revenue approaching $13 billion and roughly 27,000 employees. It holds leadership positions in soft drinks, specialty coffee and tea, water, juice, and juice drinks and mixers, and markets the No. 1 single-serve coffee brewing system in the U.S. and Canada.
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