Keurig Dr Pepper names Russ Torres CEO of Future Global Coffee Company
Torres will lead the integration of KDP and JDE Peet’s coffee operations as the companies prepare to create a standalone global coffee business in 2027.
USA – Keurig Dr Pepper (KDP) has appointed Russ Torres as chief executive officer of its future Global Coffee Co., effective November 3, 2026, as the company prepares to combine its coffee operations with those of JDE Peet’s.
Torres joins KDP from Kimberly-Clark Corporation, where he serves as president and chief operating officer and oversees operations across more than 30 countries.
He brings three decades of consumer products experience, including senior leadership positions at Newell Brands, Bain & Company and Mondelēz International.
Before the planned separation, Torres will serve as CEO of KDP’s Coffee Operating Unit and lead the integration of KDP’s and JDE Peet’s coffee businesses. He will report to KDP CEO Tim Cofer and is expected to join the future Global Coffee Co. board following the separation.
Torres described the appointment as an extraordinary opportunity to build the company that will shape the future of coffee.
“Coffee is one of the most exciting and resilient categories in consumer goods today,” Torres said. “With the remarkable talent across this business and powerhouse brands like Keurig, Peet’s, L’OR, Jacobs, and Green Mountain Coffee Roasters, Global Coffee Co. is uniquely positioned to drive growth, deliver game-changing innovations, and delight consumers around the world.”
KDP CEO Tim Cofer said Torres brings experience in commercial growth, brand development and large-scale business transformation.
“Russ brings the right combination of commercial drive, brand-building pedigree, and operational discipline needed to stand up Global Coffee Co. for long-term growth,” Cofer said.
“Our base business is healthy, integration and deleveraging work is on plan, and Russ joins with meaningful runway to engage our teams, drive synergy realization, and shape strategy well ahead of separation,” he added.
The appointment follows the departure of Rafael Oliveira from the planned leadership position. Oliveira, the former CEO of JDE Peet’s, moved to become CEO of Heineken after almost two years leading the coffee company.
The planned Global Coffee Co. is expected to generate approximately $16 billion in annual revenue, employ more than 25,000 people and serve consumers in more than 100 markets. Its portfolio will cover single-serve systems, roast and ground coffee, whole bean, soluble coffee, ready-to-drink products and away-from-home formats.
The business will include brands such as Keurig, Jacobs, Peet’s, L’OR and Green Mountain Coffee Roasters, alongside regional brands.
KDP said the separation of its beverage and coffee businesses remains targeted for early 2027, subject to the required steps and conditions.
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