Keurig Dr Pepper executive chairman Bart Becht retires, Bob Gamgort succeeds
Keurig Dr Pepper announced that its board has elected CEO Bob Gamgort as executive chairman of the board, effective immediately. Gamgort was the architect behind the successful transformation of Keurig Green Mountain and subsequent merger with Dr Pepper Snapple Group, which created Keurig Dr Pepper. Gamgort assumes the role of chairman from Bart Becht, who is stepping down from the board in conjunction with his retirement from JAB, KDP's controlling shareholder. The KDP board also appointed Fabien Simon, JAB's recently named partner and CFO, as a director, assuming Becht's seat on the KDP board. Simon most recently was CFO of Jacobs Douwe Egberts, where he led the company's M&A strategy and helped oversee the integration.