Keurig Dr Pepper recently named packaged foods industry veteran Tim Cofer as its new chief executive, replacing Bob Gamgort.
Cofer will join the Texas-based soda maker as its chief operating officer on 6 November and will report to Gamgort, before taking on the CEO role in the second quarter of 2024.
Gamgort will transition to being the company's executive chairman.
Cofer, who currently leads garden and pet supplies firm Central Garden & Pet Co, has previously held executive roles at Oreo cookies maker Mondelēz International and Kraft Foods.
Keurig Dr Pepper in November last year reappointed Gamgort as its top boss after then CEO Ozan Dokmecioglu resigned following a code of conduct violation.
The company in July beat Wall Street estimates for quarterly results and forecast higher annual sales, on the back of multiple rounds of price hikes.
From carbonated soft drinks to premium waters and everything in between, Keurig Dr Pepper offers a diverse portfolio of ready-to-drink beverages such as Snapple and Schweppes. Keurig Dr Pepper's specialty coffee and a variety of other specialty beverages include brands such as Gloria Jean's and Mc Café.