Keurig Dr Pepper CEO Resigns Over Conduct-Code Violations
Keurig Dr Pepper didn’t disclose details of the violations by Ozan Dokmecioglu but said they were unrelated to the company’s strategy, operations or financial reporting.
Photo:
Luke Sharrett/Bloomberg News
Keurig Dr Pepper Inc.
KDP -0.60%
said
Ozan Dokmecioglu,
who took the helm of the beverage maker at the end of July, has resigned as president, chief executive and a board member over violations of the company’s code of conduct.
The Burlington, Mass., company said
Bob Gamgort,
who has been serving as executive chairman since handing the reins to Mr. Dokmecioglu, has reassumed the CEO post.
Keurig didn’t disclose details of the violations by Mr. Dokmecioglu but said they were unrelated to the company’s strategy, operations or financial reporting.
“Every employee, without exception, is accountable for knowing and following” the company’s code of conduct, Keurig’s lead director,
Paul Michaels,
said.
Mr. Dokmecioglu had been serving as Keurig’s chief financial officer and president of its international operations before he was tapped to succeed the 60-year-old Mr. Gamgort, who had been CEO since the 2018 union of Keurig Green Mountain and Dr Pepper Snapple.
Keurig said Mr. Gamgort would also continue to serve as executive chairman, adding that Mr. Dokmecioglu’s departure reduces the size of its board to 11 members.
Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Keurig Dr Pepper didn’t disclose details of the violations by Ozan Dokmecioglu but said they were unrelated to the company’s strategy, operations or financial reporting.
Photo:
Luke Sharrett/Bloomberg News
Keurig Dr Pepper Inc.
KDP -0.60%
said
Ozan Dokmecioglu,
who took the helm of the beverage maker at the end of July, has resigned as president, chief executive and a board member over violations of the company’s code of conduct.
The Burlington, Mass., company said
Bob Gamgort,
who has been serving as executive chairman since handing the reins to Mr. Dokmecioglu, has reassumed the CEO post.
Keurig didn’t disclose details of the violations by Mr. Dokmecioglu but said they were unrelated to the company’s strategy, operations or financial reporting.
“Every employee, without exception, is accountable for knowing and following” the company’s code of conduct, Keurig’s lead director,
Paul Michaels,
said.
Mr. Dokmecioglu had been serving as Keurig’s chief financial officer and president of its international operations before he was tapped to succeed the 60-year-old Mr. Gamgort, who had been CEO since the 2018 union of Keurig Green Mountain and Dr Pepper Snapple.
Keurig said Mr. Gamgort would also continue to serve as executive chairman, adding that Mr. Dokmecioglu’s departure reduces the size of its board to 11 members.
Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.