Form 8-K
8-K — Keurig Dr Pepper Inc.
Accession: 0001193125-26-409799
Filed: 2026-10-01
Period: 2026-10-01
CIK: 0001418135
SIC: 2080 (BEVERAGES)
Item: Other Events
Item: Financial Statements and Exhibits
Documents
8-K — d87955d8k.htm (Primary)
EX-99.1 (d87955dex991.htm)
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8-K
8-K (Primary)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 1, 2026
Keurig Dr Pepper Inc.
(Exact name of Registrant as specified in its charter)
Delaware
001-33829
98-0517725
(State or other jurisdiction of
incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification Number)
6425 Hall of Fame Lane, Frisco, Texas 75034
(Address of principal executive offices) (Zip Code)
(800) 527-7096
(Registrant’s telephone number, including area code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading
Symbol(s)
Name of each exchange
on which registered
Common Stock
KDP
The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
On October 1, 2026, Keurig Dr Pepper Inc. (the “Company”) announced the appointment of Russ Torres as the Chief Executive Officer of the Company’s Coffee Operating Unit and future Chief Executive Officer of Global Coffee Co., the standalone entity expected to result from the previously announced separation of the Company’s coffee and beverage businesses, with the appointment effective as of November 3, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
Exhibit No.
Description
99.1
Press Release, issued October 1, 2026
104
Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
KEURIG DR PEPPER INC.
By:
/s/ Anthony Shoemaker
Name:
Anthony Shoemaker
Title:
Chief Legal Officer, General Counsel and
Secretary
Date: October 1, 2026
EX-99.1
EX-99.1
Filename: d87955dex991.htm · Sequence: 2
EX-99.1
Exhibit 99.1
Keurig Dr Pepper Names Russ Torres Chief Executive Officer of Future Global Coffee Co.
Proven global consumer goods leader brings 30-year track record of scaling iconic
brands, driving commercial growth, and leading enterprise transformations
BURLINGTON, Mass. and FRISCO, Texas and AMSTERDAM, October 1, 2026 /PRNewswire/ – Keurig Dr Pepper Inc. (NASDAQ: KDP) today announced that its
Board of Directors has named Russ Torres as Chief Executive Officer of the future Global Coffee Co. Torres will join KDP on November 3, 2026, and serve as Chief Executive Officer of the Company’s Coffee Operating Unit prior to separation,
during which time he will lead the integration of KDP’s and JDE Peet’s coffee operations. He will report to KDP Chief Executive Officer Tim Cofer, who will become Chief Executive Officer of Beverage Co. following separation. Torres will
also serve as a member of the future Global Coffee Co. Board of Directors upon the Company’s planned separation, targeted for early 2027.
Torres
brings three decades of consumer products leadership, managing multi-billion-dollar global businesses, building household brands, and guiding large organizations through complex enterprise transformations. He joins from Kimberly-Clark Corporation
(NYSE: KMB), where he currently serves as President and Chief Operating Officer, overseeing operations in more than 30 countries.
“Russ is a proven
leader with extensive experience building consumer brands, guiding global organizations through complex change, and delivering consistent results with high performing teams. That is precisely what Global Coffee Co. requires,” said Pamela
Patsley, KDP Board Chairman who will serve as Chairman of the Board of the future Global Coffee Co. “Following a rigorous global search against a demanding set of criteria, Russ emerged as the clear choice. I look forward to partnering with
Russ to establish Global Coffee Co. as the world’s largest pure play coffee powerhouse.”
“Russ brings the right combination of
commercial drive, brand-building pedigree, and operational discipline needed to stand up Global Coffee Co. for long-term growth,” said Tim Cofer, Chief Executive Officer of KDP. “Our base business is healthy, integration and deleveraging
work is on plan, and Russ joins with meaningful runway to engage our teams, drive synergy realization, and shape strategy well ahead of separation. He has spent his career accelerating growth across major global portfolios while executing
large-scale transformations, and I am thrilled to welcome him to the organization.”
“This is an extraordinary opportunity to build the
company that will shape the future of coffee,” said Torres. “Coffee is one of the most exciting and resilient categories in consumer goods today. With the remarkable talent across this business and powerhouse brands like Keurig®, Peet’s®, L’OR®,
Jacobs® and Green Mountain Coffee Roasters®, Global Coffee Co. is uniquely positioned to drive growth, deliver game-changing
innovations, and delight consumers around the world. I am looking forward to working with the team to create real value in a category people love.”
Across a 30-year career in consumer goods, Torres has established a
proven track record of accelerating growth across scaled global businesses. Prior to his appointment as President and Chief Operating Officer of Kimberly-Clark, he served as Group President of North America, where he drove accelerated, profitable top-line growth. Earlier in his career, Torres held senior executive leadership roles at Newell Brands, Bain & Company, and Mondelēz International (formerly Kraft Foods). Torres holds an MBA from the
Kellogg School of Management at Northwestern University and a Bachelor of Arts in Physics from Dartmouth College.
Upon separation, Global Coffee Co. will
generate approximately $16 billion in annual revenue, employ more than 25,000 people, and serve consumers in over 100 markets. The company will offer an unmatched portfolio spanning single-serve systems, roast and ground, whole bean, soluble, ready-to-drink, and away-from-home formats through iconic power brands including Keurig®, Jacobs®, Peet’s®, L’OR®, and Green Mountain Coffee Roasters® alongside beloved regional favorites.
# # #
Investor Contact:
Investor Relations
T: 888-340-5287 / IR@kdrp.com
Media Contact:
Xenja Lindberg
Xenja.Lindberg@kdrp.com
ABOUT KEURIG DR PEPPER
Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company with more than 150 owned, licensed and partner brands that meet a wide range of needs and
occasions. Our North American refreshment beverage business holds leadership positions across carbonated soft drinks, water, juice and mixers with a portfolio of iconic brands such as Dr
Pepper®, Canada Dry®, Mott’s®, A&W®, Peñafiel®, GHOST®,
7UP®, Snapple®, Clamato® and Core Hydration®. Our global coffee business spans more than 100 markets and includes the leading Keurig® single-serve brewing system in the U.S. and
Canada, along with powerhouse brands such as Peet’s, L’OR and Jacobs, and other regional coffee leaders. Our more than 50,000 employees aim to enhance the experience of every beverage and coffee occasion while making a positive impact
for people, communities and the planet. Learn more at www.keurigdrpepper.com and follow us @KeurigDrPepper on LinkedIn and Instagram.
FORWARD-LOOKING STATEMENTS
Certain statements contained herein are “forward-looking statements” within the meaning of applicable securities laws and regulations. These
forward-looking statements include those preceded by, followed by or that include the words such as “outlook,” “guidance,” “anticipate,” “enable,” “expect,” “believe,”
“could,” “confident,” “estimate,” “feel,” “continue,” “ongoing,” “forecast,” “intend,” “may,” “on track,” “plan,”
“positioned,” “potential,” “project,” “should,” “target,” “will,” “would” and similar words, phrases, or expressions and variations or negatives of these words.
Forward-looking statements by their nature address matters that are, to different degrees, uncertain. These statements are based on the current expectations of our management, are not predictions of actual performance, and actual results may differ
materially. Forward-looking statements are subject to a number of risks and uncertainties, including the factors disclosed in our Annual Report on Form 10-K and subsequent filings with the SEC. Our actual
financial performance could differ materially from the projections in the forward-looking statements due to a variety of factors, including, but not limited to, (i) the inherent uncertainty of estimates, forecasts and projections,
(ii) global economic uncertainty or economic downturns, (iii) tariffs or the imposition of new tariffs, trade wars, barriers or restrictions, sanctions, geopolitical disturbances and conflicts, or threats of such actions and related
uncertainty, (iv) the risk that our financial performance may be better or worse than anticipated, (v) risks related to the completion of the separation of our beverage and coffee portfolios in the anticipated timeframe or at all,
(vi) our ability to identify and retain key executives to lead our beverage and coffee portfolios following the separation, (vii) our incurrence of significant debt and entry into other financings to fund the acquisition of JDE
Peet’s, which may result in dilution to our stockholders or introduce complexity to our capital structure, (viii) additional risks associated with the acquisition of JDE Peet’s and those geographies, countries and associated
governments where JDE Peet’s currently operates, (ix) our ability to successfully integrate JDE Peet’s into our business, or that such integration may be more difficult, time-consuming or costly than expected, (x) constraints
on management’s attention to operating and growing our business during the integration of JDE Peet’s and the separation, (xi) the potential downgrade of our credit ratings as a result of debt incurred and/or assumed in connection
with the JDE Peet’s acquisition, (xii) the possibility of negative impacts on business relationships in connection with the acquisition of JDE Peet’s and the separation, (xiii) the risk that the acquisition of JDE Peet’s
and the separation may incur significant additional costs, (xiv) the risk of potential litigation, (xv) risks related to negative effects of the acquisition of JDE Peet’s and the separation on our share price and (xvi) the
ability to achieve the anticipated strategic and financial benefits from the separation. We are under no obligation to update, modify or withdraw any forward-looking statements, except as required by applicable law.
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