Gamgort’s reappointment comes less than four months after he stepped aside for then-Chief Finance Officer Ozan Dokmecioglu, who has departed after breaching Keurig Dr Pepper’s code of conduct
Gamgort stepped down from the CEO position earlier this year following an executive leadership reshuffle | Photo credit: via Shutterstock
Keurig Dr Pepper has reappointed Bob Gamgort as company CEO following the departure of Ozan Dokmecioglu.
Dokmecioglu, who was announced as Keurig Dr Pepper’s CEO in April 2022 and assumed the role in July, agreed to resign due to violations of the Company's Code of Conduct.
In a press release, Keurig Dr Pepper said the violations were unrelated to company strategy, operations or financial reporting.
Gamgort stepped down from the CEO position earlier this year following an executive leadership reshuffle. He has been serving as Executive Chairman since the end of July.
Gamgort also rejoins Keurig Dr Pepper’s Board of Directors as part of the reappointment.
“KDP has a deep and talented executive team. I look forward to continuing to work with the leadership team and the Board in the role I held less than four months ago,” he said.
“Keurig Dr Pepper's Code of Conduct is built on a foundation of ethics, integrity and personal responsibility. Every employee, without exception, is accountable for knowing and following the Code. Bob's vision and leadership have driven KDP's success as a modern beverage company to date, and the Board is grateful for his willingness to return as CEO,” said Paul S. Michaels, Lead Director of the KDP Board.
Reporting its results for the three months ended 30 September 2022, JAB Holdings-backed Keurig Dr Pepper achieved overall net sales growth of 11.4% to reach $3.62bn, compared to $3.25bn during the same period in 2021.
The company manages a portfolio of over 125 owned, licensed, partner and allied brands, including retail coffee products from Caribou Coffee, Cinnabon, Gloria Jeans Coffee, Krispy Kreme, Panera Bread and Tully’s Coffee.