Russ Torres Appointed CEO of Future Global Coffee Company by Keurig Dr Pepper

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

In a significant move for the coffee industry, Keurig Dr Pepper Inc. (NASDAQ: KDP) has announced Russ Torres as the new Chief Executive Officer of the Future Global Coffee Co. This appointment represents a strategic step towards shaping the future of coffee production and branding in the ever-growing market. Torres, who is set to join the company on November 3, 2026, will initially serve as Chief Executive Officer of KDP’s Coffee Operating Unit, where he will oversee the integration of coffee operations between Keurig Dr Pepper and JDE Peet's before their planned separation in early 2027.

Background and Experience

Russ Torres comes to Keurig Dr Pepper after an impressive tenure at Kimberly-Clark Corporation (NYSE: KMB), where he held the position of President and Chief Operating Officer. In this role, he managed operations across over 30 countries for one of the leading global consumer goods companies. With a career spanning three decades, Torres has built a reputation for scaling iconic brands, driving remarkable commercial growth, and leading organizations through transformative changes.

Pamela Patsley, Chairman of the Board at KDP, expressed confidence in Torres’s leadership abilities, stating, "Russ is a proven leader with extensive experience in building consumer brands and guiding organizations through complex transitions. This makes him the ideal choice for Global Coffee Co., which aims to establish itself as a leading entity in the coffee market."

Vision for Global Coffee Co.

As he steps into this pivotal role, Torres is excited about the future of coffee. He remarked, "Coffee is one of the most exciting categories in the consumer goods sector today. With our talented team and strong brands like Keurig®, Peet's®, L'OR®, Jacobs®, and Green Mountain Coffee Roasters®, we have a unique opportunity to drive growth and innovate within the market. I look forward to collaborating with the team to create real value in this beloved category."

Under Torres’s guidance, the Future Global Coffee Co. is expected to achieve impressive financial results, set to generate approximately $16 billion in annual revenue, employ over 25,000 people, and serve consumers across more than 100 markets globally. This robust portfolio will encompass a variety of coffee products and formats to cater to diverse consumer preferences.

The Bigger Picture

The appointment of Torres comes as part of a broader strategy by Keurig Dr Pepper to bolster its position in the coffee sector, which is experiencing dynamic growth. Tim Cofer, current CEO of KDP, who will transition to the CEO of Beverage Co. post-separation, noted that Torres's expertise brings a vital combination of commercial acumen and operational discipline, essential for setting up Global Coffee Co. for sustainable growth.

Torres's background includes notable roles at Newell Brands, Bain & Company, and Mondelēz International, formerly known as Kraft Foods. His educational qualifications consist of an MBA from the Kellogg School of Management at Northwestern University and a Bachelor of Arts in Physics from Dartmouth College. This unique blend of experience and education positions him as a strong leader in navigating the company through an evolving marketplace.

As Global Coffee Co. prepares to make its mark, the industry will be eager to monitor how Torres channels his clear vision and strategic expertise into action, ultimately shaping the future of coffee production and distribution on a global scale.

In conclusion, the integration of Keurig Dr Pepper's coffee operations under Russ Torres's leadership signals a dynamic shift in the coffee landscape and a commitment to innovation and excellence in consumer products.

Investor Communication

For inquiries, interested parties are encouraged to contact the company’s investor relations team.

About Keurig Dr Pepper

Keurig Dr Pepper is recognized as a leading beverage company in North America, offering a wide variety of beverages, including soft drinks, water, juice, and a robust coffee portfolio. Their aim is to enhance beverage experiences while positively impacting communities and the environment, building a reputation that resonates well with consumers.

Learn more at www.keurigdrpepper.com or follow on social media for updates.