KDP · 8-K · 20261001PR409799

Strategic Business Separation

Keurig Dr Pepper Inc. · 2026-10-01 · Importance 58 · Surprise 42

Keurig Dr Pepper plans to separate its beverage and coffee portfolios, with the separation targeted for early 2027. Russ Torres will join KDP on November 3, 2026, lead integration of KDP’s and JDE Peet’s coffee operations before separation, and become CEO of Global Coffee Co. upon separation. The planned coffee company is expected to generate approximately $16 billion in annual revenue, employ more than 25,000 people, and serve consumers in over 100 markets.

Key facts

• Upon separation, Global Coffee Co. is expected to generate approximately $16 billion in annual revenue, employ more than 25,000 people, and serve consumers in over 100 markets. source
• Keurig Dr Pepper named Russ Torres Chief Executive Officer of the future Global Coffee Co.; Torres will join KDP on November 3, 2026. source
• Russ Torres will report to KDP CEO Tim Cofer, who is expected to become CEO of Beverage Co. following separation. source
• Russ Torres will join the future Global Coffee Co. Board of Directors upon KDP’s planned separation, targeted for early 2027. source
• KDP identifies the risk that separation of its beverage and coffee portfolios may not be completed in the anticipated timeframe or at all. source
• KDP identifies its ability to identify and retain key executives to lead its beverage and coffee portfolios following separation as a risk. source
• KDP identifies the ability to achieve the anticipated strategic and financial benefits from the separation as a risk. source