Keurig Dr Pepper Names CEO for Future Coffee Co. Spinoff
Keurig Dr Pepper Inc (KDP) has announced who will be the chief executive officer of the future “Global Coffee Co.” that will be spun off in a planned separation targeted for early 2027.
Russ Torres, currently president and chief operating officer for Kimberly-Clark Corp., will join KDP on Nov. 3, 2026, and will be CEO of the coffee operating unit prior to the separation. He will lead the integration of KDP’s and JDE Peet’s coffee operations until then, and will report to KDP chief executive officer Tim Cofer. Following the separation of the businesses, Cofer will become CEO of the “Beverage Co.,” according to the release.
Torres has managed multibillion-dollar global businesses and led consumer products companies over three decades, and in his current role with Kimberly-Clark, he oversees operations in more than 30 countries. He previously served as group president of North America for Kimberly-Clark, and also held senior executive leadership roles at Newell Brands, Bain & Co., and Mondelēz International (formerly Kraft Foods).
According to KDP, the new “Global Coffee Co.” will generate about $16 billion in annual revenue post-separation, will employ more than 25,000 people and serve more than 100 markets with single-serve systems, roast and ground, whole bean, soluble, RTD and away-from-home coffee products.
About the Author
Andy Hanacek
Senior Editor
Andy Hanacek has covered meat, poultry, bakery and snack foods as a B2B editor for nearly 20 years, and has toured hundreds of processing plants and food companies, sharing stories of innovation and technological advancement throughout the food supply chain. In 2018, he won a Folio:Eddie Award for his unique "From the Editor's Desk" video blogs, and he has brought home additional awards from Folio and ASBPE over the years. In addition, Hanacek led the Meat Industry Hall of Fame for several years and was vice president of communications for We R Food Safety, a food safety software and consulting company.

