Keurig Dr Pepper names successor to CEO

BURLINGTON, MASS. — Tim Cofer will join Keurig Dr Pepper on Nov. 6 as chief operating officer. He will work in that capacity until the second quarter of 2024 and then transition to chief executive officer, succeeding the company’s current CEO Robert Gamgort, according to the company.

“Tim is the ideal person to lead KDP in its next chapter,” Mr. Gamgort said. “With his background as a successful public company CEO and a veteran CPG executive, Tim steps into this role with the experience and capabilities that will propel KDP’s growth journey.”

Mr. Cofer is currently CEO of Central Garden & Pet Co., Walnut Creek, Calif. Prior to joining that company, Mr. Cofer spent 25 years in a variety of roles with Mondelez International, Chicago, and before that he was with Kraft Foods.

Mr. Gamgort became CEO in November 2022 after the CEO at that time, Ozan Dokmecioglu, resigned due to violations of the company’s code of conduct.

“The process the board took in evaluating KDP’s next CEO was thoughtful and comprehensive, including the consideration of internal and external candidates,” said Paul Michaels, the company’s lead independent director. “We are confident that Tim’s extensive CPG experience and growth-oriented leadership will make him a very strong next CEO of KDP.”

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