Keurig Dr Pepper has announced CEO Ozan Dokmecioglu has resigned for what the company says was “violations of the company’s code of conduct.” He also stepped down from the company’s board of directors. Bob Gamgort, the company’s current executive chairman and former CEO, has been reappointed to his former job, and will continue as chairman.
The violation itself was not revealed. However, the company stated it was “unrelated to strategy, operations, or financial reporting.” Dokmecioglu became the CEO of KDP this July. He previously served as the company’s CFO, helping JAB Holding take Keurig Green Mountain private in 2016 and oversaw the 2018 merger with Dr Pepper Snapple. Still, it was time for him to go.
