Keurig Dr Pepper CEO Resigns

The beverage giant cited undisclosed violations of the company's code of conduct.

Dr Pepper Zero Sugar Cans
Keurig Dr Pepper/PRNewswire

BURLINGTON, Mass., and FRISCO, Texas β€” Keurig Dr Pepper Inc. on Thursday announced the resignation of Ozan Dokmecioglu as chief executive officer and a member of the KDP board of directors.

Bob Gamgort, the company's current executive chairman and former CEO, was reappointed by the board to the role of CEO, in addition to continuing as chairman.

Dokmecioglu agreed to resign due to violations of the company's code of conduct that were unrelated to strategy, operations or financial reporting.

"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," said Paul S. Michaels, lead director of the KDP board. "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."

"KDP has a deep and talented executive team" said Gamgort. "I look forward to continuing to work with the leadership team and the Board in the role I held less than four months ago." 

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