Keurig Dr Pepper (KDP) announced the appointment of Russ Torres as the Chief Executive Officer of its Coffee Operating Unit, effective November 3, 2026. Torres will also become the CEO of the future standalone "Global Coffee Co." following the planned separation of KDP's coffee and beverage businesses.
Key Details
- Executive Appointment: Russ Torres, currently President & COO of Kimberly-Clark, will lead the coffee division and the future independent company.
- Strategic Separation: This leadership appointment is a critical step towards the planned separation of KDP into two distinct companies, which is targeted for early 2027.
- Future Company Scale: The new Global Coffee Co. is projected to generate approximately $16 billion in annual revenue, with brands including Keurig, Peet's, L'OR, and Jacobs.