Keurig Dr Pepper picks Russ Torres to run planned global coffee business
Keurig Dr Pepper appointed Russ Torres to lead its Coffee Operating Unit and, after the planned separation, the future Global Coffee Co. Torres is due to start on November 3, 2026, from Kimberly-Clark, where he is President and Chief Operating Officer. He will oversee the combination of Keurig Dr Pepper's and JDE Peet's coffee operations before the separation targeted for early 2027.
Why it matters
The appointment assigns a leader for the coffee business ahead of its planned separation from Keurig Dr Pepper's beverage operations. The company says the future coffee company is expected to produce approximately $16 billion of yearly revenue and have more than 25,000 employees.
Key facts
- 1Keurig Dr Pepper's board selected Russ Torres as chief executive of the future Global Coffee Co. prnewswire.com
- 2Torres is scheduled to join Keurig Dr Pepper on November 3, 2026. prnewswire.com
- 3Before the separation, Torres will lead the integration of Keurig Dr Pepper and JDE Peet's coffee operations. sec.gov
- 4The separation is targeted for early 2027. prnewswire.com
- 5Keurig Dr Pepper says the future company is expected to generate approximately $16 billion in annual revenue. prnewswire.com
- 6The company says Global Coffee Co. will employ more than 25,000 people after the separation. prnewswire.com
Open questions
- The early 2027 separation and the future coffee company's revenue and employee scale are company expectations and forward-looking statements.
Summary written by AlphAI from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.