Keurig Dr Pepper (KDP) announced the appointment of Tim Cofer as COO, reporting to Chairman & CEO Bob Gamgort, as a key step in the company’s CEO succession plan. Cofer, who will join KDP on Nov. 6, 2023, will work side by side with Gamgort while in a COO capacity, with a planned transition to CEO in the second quarter of 2024. Gamgort will serve as Executive Chairman of KDP after the transition occurs. Cofer is a seasoned consumer packaged goods executive, with more than 30 years of multinational experience and a strong track record of driving growth, leading transformations and creating shareholder value. He currently serves as CEO of Central Garden & Pet Company (CENT), where he has overseen a multi-year period of double-digit revenue and profit growth and a series of strategic acquisitions. Prior to joining Central in 2019, Cofer spent more than 25 years with Mondelez International (MDLZ) and its predecessor company, Kraft Foods, with responsibility across a wide range of product categories, including coffee, chocolate and packaged food.
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