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Stock impact report

KDP picks JDE Peet's Rafael Oliveira to lead coffee business [Yahoo! Finance]

Keurig Dr Pepper Inc. (KDP) 
Last keurig dr pepper inc. earnings: 4/27 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
In August, Keurig Dr Pepper struck a deal to acquire Dutch coffee company JDE Peet's for €15.7bn ($18.36bn) and then split the combined business into two: Beverage Co. and Global Coffee Co. In a joint statement yesterday (1 April), the companies confirmed that Keurig Dr Pepper has now acquired 96.22% of JDE Peet's shares. Following the completion of the deal, Keurig Dr Pepper has appointed Oliveira as chief executive of its coffee operating unit and as CEO of the future Global Coffee Co. During the integration phase, he will join Keurig Dr Pepper's executive leadership team and report to Keurig Dr Pepper CEO Tim Cofer. As previously announced, Cofer will head up the Beverage Co. unit once the business separation takes place. When the deal for JDE Peet's was announced in August, KDP's CFO Sudhanshu Priyadarshi had been picked to lead the global coffee unit. In October, KDP then said its board of directors had started an internal and external search for the future chief of Gl Show less Read more
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