#USA #CFO #Burlington #Keurig Dr Pepper #Anthony DiSilvestro

Keurig Dr Pepper Announces New CFO

Keurig Dr Pepper (NASDAQ: KDP) has made a significant leadership shift by appointing Anthony DiSilvestro as the new Chief Financial Officer (CFO), effective immediately. This move comes as the company gears up for further growth and transformation in the highly competitive beverage market. DiSilvestro, who brings over 40 years of diversified industry experience, will report directly to the CEO, Tim Cofer, and take charge of the Finance and Technology divisions.

A Proven Track Record

DiSilvestro is no stranger to the demands of financial leadership, having served as CFO of Mattel, Inc. prior to this new role. During his five-year tenure at Mattel, he was instrumental in modernizing the finance organization, enhancing the company's financial stability, and driving productivity improvements across the board. His previous experience at Campbell Soup Company, where he advanced through various financial roles, including CFO from 2014 to 2019, highlights his capability to navigate complex financial landscapes effectively.

Importance of Leadership Transition

Tim Cofer expressed confidence in DiSilvestro's appointment, stating that his extensive experience in the food and beverage sector makes him an ideal fit for KDP. Cofer emphasized that DiSilvestro’s strategic insight will be vital in maintaining the company's momentum and successfully integrating new acquisitions, including the transition from JDE Peet's acquisition.

“I’m eager to collaborate with Tim, the Board, and the finance team to drive exciting results and navigate this pivotal time for our company,” said DiSilvestro in response to his appointment. His focus will be on reinforcing KDP’s strong performance while exploring new revenue opportunities.

Transition Plans

The transition from Sudhanshu Priyadarshi, the previous CFO, has been designed to ensure stability. Priyadarshi, who has played a critical role in KDP’s financial growth during his tenure, will remain as a strategic advisor until April 7, 2026, allowing for a smooth transition. Cofer acknowledged Priyadarshi’s significant contributions to the company’s strategic direction.

Expanding Financial Leadership

Alongside DiSilvestro's new role, KDP has also announced enhanced responsibilities for two other senior finance leaders to further strengthen the financial team. George Lagoudakis, currently serving as Senior Vice President of Commercial Finance, will step into the newly created position of Deputy CFO. Lagoudakis will be pivotal in ensuring the successful establishment of the future Beverage Company, a key part of KDP’s strategic planning.

Additionally, Jane Gelfand has assumed the expanded role of Senior Vice President for Strategic Finance and Capital Markets. Gelfand will continue to oversee Investor Relations and International Finance while managing transaction-related activities as the company moves forward with its acquisition plans.

KDP’s Growth Potential

Keurig Dr Pepper stands as a powerhouse in the North American beverage landscape, offering a portfolio that includes over 125 brands. With more than $15 billion in annual revenue, KDP is not just a leader in traditional soft drinks but also dominates segments like coffee, water, and mixers. The company’s innovative approach enhances its presence in premium coffee, energy drinks, and ready-to-drink coffee markets.

With a mission to “Drink Well. Do Good.”, KDP is committed to making a positive impact on communities and the environment, a philosophy that aligns well with DiSilvestro’s extensive experience in the industry.

Conclusion

The appointment of Anthony DiSilvestro as CFO marks a significant step for Keurig Dr Pepper as it navigates a crucial period of transformation and growth. With a seasoned leader at the financial helm, KDP aims to maximize shareholder value while exploring new avenues in the beverage industry.