USA – American multinational soft drink company Keurig Dr. Pepper has appointed current company CFO and president of the international division, Ozan Dokmecioglu as its new CEO effective July 29.
Dokmecioglu succeeds Bob Gamgort who will step down from his CEO role in July to assume a new position as company executive Chairman.
A statement from the company revealed that in his new position, Dokmecioglu will execute Keurig Dr. Pepper’s operational strategy.
Gamgort will on the other hand lead the board of directors and oversee the company’s discretionary cash.
Gamgort had been the CEO of the former Keurig Green Mountain since 2016 when the former coffee company went private.
When it merged with Dr Pepper Snapple in 2018, he became the leader of the publicly traded beverage company.
Dokmecioglu has been with the company just as long, having been appointed CFO of Keurig Green Mountain in 2016.
Keurig Dr Pepper recently announced that it aims to be net water positive, or replenish more water than it uses, by 2050.
The company set the new target, made on World Water Day, as part of its “Drink Well. Do Good.” corporate responsibility commitment.
Keurig Dr Pepper said it aims to achieve its goal by helping to improve the water supply on a local level by working with partner groups.
The new target adds to some of the company’s other water goals, including replenishment of 100% of the water used in the highest water-risk communities that the company operates in by 2030, and improving water efficiency in its supply chain by 20% by 2025.
The beverage giant also plans to test its first fully recyclable and compostable paper bottle later this year in the U.S., in partnership with German packaging manufacturer Papacks.
The bottle, which will be tested with different drinks from water to juice to soda, will be 100% plastic-free and allow for curbside recycling, according to a company blog post.
Keurig Dr Pepper said that its new compostable bottle will help it reach its goal of cutting virgin plastic packaging usage by 20% by 2025.
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