Keurig Dr Pepper names Russ Torres CEO of future Global Coffee Co ahead of 2027 split

Keurig Dr Pepper filled the top job at the coffee company it plans to spin out. In an Oct. 1, 2026 release furnished with a Form 8-K, KDP said its board named Russ Torres - currently President and Chief Operating Officer of Kimberly-Clark - as Chief Executive Officer of the future Global Coffee Co.

Torres will join KDP on Nov. 3, 2026, and serve as CEO of the company's Coffee Operating Unit before the separation, leading integration of KDP's and JDE Peet's coffee operations. He will report to KDP CEO Tim Cofer, who is slated to become CEO of Beverage Co. after the split. Torres will also join the future Global Coffee Co. board upon the planned separation, targeted for early 2027.

KDP said that upon separation Global Coffee Co. would generate about $16 billion in annual revenue, employ more than 25,000 people, and serve consumers in more than 100 markets, with brands including Keurig, Jacobs, Peet's, L'OR, and Green Mountain Coffee Roasters. Board Chair Pamela Patsley, who will chair Global Coffee Co., said Torres emerged from a "rigorous global search."

KDP shares last closed Wednesday at about $30.34, down roughly 2.2% on the day and up about 9.4% year to date.

By the numbers

• Torres start date at KDP: Nov. 3, 2026
• Planned separation: early 2027
• Stated Global Coffee Co. scale: ~$16 billion annual revenue; >25,000 employees; >100 markets
• Reporting line pre-separation: to KDP CEO Tim Cofer

Sources

1. Keurig Dr Pepper Inc. Form 8-K (Item 8.01), filed Oct. 1, 2026, accession 0001193125-26-409799
2. KDP news release Exhibit 99.1, "Keurig Dr Pepper Names Russ Torres Chief Executive Officer of Future Global Coffee Co.," dated Oct. 1, 2026

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