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Fortune

Sheryl Estrada

Keurig Dr Pepper CFO's leap to CEO of coffee spinoff fueled by key career moves

KDP Keurig Dr Pepper JDE Peet Scott Simmons Tim Cofer PepsiCo

(Credit: Courtesy of Keurig Dr. Pepper)

Good morning. In less than three years, Sudhanshu Priyadarshi, CFO of Keurig Dr Pepper (KDP), was tapped for a chief executive role.

KDP announced on Monday an agreement to acquire Amsterdam-based coffee-seller JDE Peet’s for about $18 billion. The deal is expected to close in the first half of 2026. Afterward, KDP (No. 284 on the Fortune 500) will split into two U.S.-listed companies: Priyadarshi will lead the coffee business, and current KDP CEO Tim Cofer will head the beverage business, with brands such as Dr Pepper, 7 Up, and Snapple. The separation is expected to be completed by the end of next year.

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