The Keurig Dr Pepper board of directors has appointed Ozan Dokmecioglu, currently CFO and president of International, as the company's next CEO, effective July 29, 2022. Dokmecioglu will join the company's board of directors at that time. Bob Gamgort, currently chairman and CEO, has committed to serve as executive chairman of KDP for two years. The announcement follows the successful completion of KDP's three-year merger integration period, including building the strength of the management team, and provides clarity on succession. It also reflects the opportunity for KDP to drive significant value creation through strategic capital allocation, following the completion in 2021 of the company's deleveraging phase and a heightened focus on continued operational excellence in a challenging and unpredictable macroeconomic environment.