Keurig Dr Pepper appoints Anthony DiSilvestro as new CFO
Beverage giant appoints former Mattel CFO Anthony DiSilvestro as CFO to steer upcoming JDE Peet’s integration and business split.
USA – Keurig Dr Pepper (KDP) has named Anthony DiSilvestro as its new Chief Financial Officer, effective immediately, replacing outgoing CFO Sudhanshu Priyadarshi.
DiSilvestro joins the beverage giant following a tenure at toymaker Mattel, where he served as finance chief from 2020 until his departure in May 2025. There, he was credited with modernizing the finance organisation and strengthening the company’s balance sheet and credit profile.
Prior to Mattel, DiSilvestro spent over two decades at the food company Campbell Soup Company, where he was CFO from 2014 to 2019. At Campbell’s, he oversaw major strategic transactions, including acquisitions and divestitures, reshaping the company’s focus toward more “better-for-you” product categories.
“We believe Anthony’s breadth of experience in food & beverage and consumer goods makes him a natural fit for KDP,” said CEO Tim Cofer. “He will help sustain our base business momentum and leverage his M&A background to support the successful integration of JDE Peet’s and the ultimate creation of two winning companies.”
DiSilvestro’s appointment comes at a critical juncture for KDP, which is undergoing a planned split of its coffee and beverage businesses into two separate companies.
The announcement of this restructuring caused investors to question the mechanics and debt implications of the deal, leading to an estimated US$11 billion drop in the company’s valuation.
To help finance the separation, which is valued at US$18 billion, KDP has already secured US$7 billion from private equity firms. The split is expected to close during the first half of 2026.
Alongside the CFO change, KDP announced further alterations in its senior financial leadership to support the transition: George Lagoudakis, previously senior vice president of commercial finance, will become deputy CFO and oversee the formation and separation of the new beverage business.
Meanwhile, Jane Gelfand has taken on the role of senior vice president of strategic finance and capital markets. She will lead investor relations, oversee international finance, and manage transaction financing and implementation.
The new leadership team is expected to guide KDP through the complexities of the spin-off while maintaining operational stability and capital market confidence.
The company last month lifted its forecast for annual sales. For 2025, the company now expects full-year net sales growth in the high-single-digit range, up from its previous mid-single-digit projection.
Sign up HERE to receive our email newsletters with the latest news and insights from Africa and around the world, and follow us on our WhatsApp channel for updates.
