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Keurig Dr Pepper Announces Continued Evolution of its Board of Directors

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Keurig Dr Pepper (KDP) announced significant changes to its Board of Directors on April 24, 2025. The company appointed two new independent directors: Mike Van de Ven, former President of Southwest Airlines, and Lawson Whiting, current CEO of Brown-Forman Additionally, Bob Gamgort transitioned from Executive Chairman to non-executive Chairman of the Board.

Van de Ven brings 32 years of financial and operational leadership experience from Southwest Airlines, where he currently serves as Executive Advisor. Whiting, with over 25 years at Brown-Forman, has been serving as President and CEO since January 2019, bringing expertise in building iconic brands.

These appointments reflect KDP's evolution from a closely held company to a widely held , following last year's CEO transition to Tim Cofer. The company also reported strong Q1 2025 results and reaffirmed its guidance for the year.

Keurig Dr Pepper (KDP) ha annunciato importanti cambiamenti nel suo Consiglio di Amministrazione il 24 aprile 2025. La società ha nominato due nuovi amministratori indipendenti: Mike Van de Ven, ex Presidente di Southwest Airlines, e Lawson Whiting, attuale CEO di Brown-Forman. Inoltre, Bob Gamgort è passato da Presidente Esecutivo a Presidente non esecutivo del Consiglio.

Van de Ven porta con sé 32 anni di esperienza nella leadership finanziaria e operativa da Southwest Airlines, dove attualmente ricopre il ruolo di Consulente Esecutivo. Whiting, con oltre 25 anni in Brown-Forman, è Presidente e CEO dal gennaio 2019, apportando competenze nella creazione di marchi iconici.

Queste nomine riflettono l’evoluzione di KDP da azienda a controllo ristretto a società con un ampio azionariato, a seguito del passaggio dello scorso anno al CEO Tim Cofer. L’azienda ha inoltre riportato risultati solidi nel primo trimestre 2025 e ha confermato le previsioni per l’anno.

Keurig Dr Pepper (KDP) anunció cambios significativos en su Junta Directiva el 24 de abril de 2025. La compañía nombró a dos nuevos directores independientes: Mike Van de Ven, ex Presidente de Southwest Airlines, y Lawson Whiting, actual CEO de Brown-Forman. Además, Bob Gamgort pasó de ser Presidente Ejecutivo a Presidente no ejecutivo de la Junta.

Van de Ven aporta 32 años de experiencia en liderazgo financiero y operativo en Southwest Airlines, donde actualmente es Asesor Ejecutivo. Whiting, con más de 25 años en Brown-Forman, ha sido Presidente y CEO desde enero de 2019, aportando experiencia en la construcción de marcas icónicas.

Estos nombramientos reflejan la evolución de KDP de una empresa de propiedad cerrada a una con accionariado amplio, tras la transición del CEO Tim Cofer el año pasado. La compañía también reportó sólidos resultados en el primer trimestre de 2025 y reafirmó sus previsiones para el año.

Keurig Dr Pepper (KDP)는 2025년 4월 24일 이사회에 중대한 변화를 발표했습니다. 회사는 두 명의 새로운 독립 이사를 임명했습니다: Mike Van de Ven, 전 Southwest Airlines 사장, 그리고 Lawson Whiting, 현재 Brown-Forman CEO. 또한 Bob Gamgort는 집행 의장(Executive Chairman)에서 비집행 의장(non-executive Chairman)으로 역할을 변경했습니다.

Van de Ven은 Southwest Airlines에서 32년간 재무 및 운영 리더십 경험을 보유하고 있으며, 현재는 집행 고문(Executive Advisor)으로 활동 중입니다. Whiting은 Brown-Forman에서 25년 이상 근무했으며, 2019년 1월부터 사장 겸 CEO로서 상징적인 브랜드 구축에 전문성을 발휘하고 있습니다.

이번 임명은 지난해 Tim Cofer CEO 취임 이후 KDP가 소수 지분 회사에서 다수 주주 회사로 진화하고 있음을 반영합니다. 회사는 2025년 1분기 강력한 실적을 보고했으며, 연간 가이던스를 재확인했습니다.

Keurig Dr Pepper (KDP) a annoncé des changements importants au sein de son conseil d'administration le 24 avril 2025. La société a nommé deux nouveaux administrateurs indépendants : Mike Van de Ven, ancien président de Southwest Airlines, et Lawson Whiting, actuel PDG de Brown-Forman. Par ailleurs, Bob Gamgort est passé de président exécutif à président non exécutif du conseil.

Van de Ven apporte 32 ans d'expérience en leadership financier et opérationnel chez Southwest Airlines, où il est actuellement conseiller exécutif. Whiting, avec plus de 25 ans chez Brown-Forman, est président et PDG depuis janvier 2019, apportant une expertise dans la création de marques emblématiques.

Ces nominations reflètent l'évolution de KDP, qui est passée d'une entreprise à capital restreint à une société largement détenue, suite à la transition du PDG Tim Cofer l'année dernière. L'entreprise a également publié de solides résultats pour le premier trimestre 2025 et confirmé ses prévisions pour l'année.

Keurig Dr Pepper (KDP) gab am 24. April 2025 bedeutende Veränderungen im Vorstand bekannt. Das Unternehmen ernannte zwei neue unabhängige Direktoren: Mike Van de Ven, ehemaliger Präsident von Southwest Airlines, und Lawson Whiting, derzeitiger CEO von Brown-Forman. Zudem wechselte Bob Gamgort vom Executive Chairman zum nicht-exekutiven Vorsitzenden des Vorstands.

Van de Ven bringt 32 Jahre Erfahrung in Finanz- und operativer Führung bei Southwest Airlines mit, wo er aktuell als Executive Advisor tätig ist. Whiting, der seit über 25 Jahren bei Brown-Forman arbeitet, ist seit Januar 2019 Präsident und CEO und verfügt über Expertise im Aufbau ikonischer Marken.

Diese Ernennungen spiegeln die Entwicklung von KDP von einem eng geführten Unternehmen zu einem breit gestreuten Unternehmen wider, nach der CEO-Übergabe an Tim Cofer im vergangenen Jahr. Das Unternehmen berichtete zudem starke Ergebnisse für das erste Quartal 2025 und bestätigte seine Jahresprognose.

Positive
  • Appointment of two experienced industry executives strengthens board expertise
  • Strong Q1 2025 results reported
  • Company reaffirmed guidance for 2025
  • Successful completion of leadership transition process
Negative
  • None.

Appoints Two New Independent Directors; Bob Gamgort Moves to Non-Executive Chairman

BURLINGTON, Mass. and FRISCO, Tex., April 24, 2025 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) announced changes today as part of the continued evolution of its Board of Directors. The Company shared the appointments of two highly accomplished executives – Mike Van de Ven and Lawson Whiting – as directors. The Company also announced that Bob Gamgort's role has progressed from Executive Chairman to non-executive Chairman of the Board. These moves are effective today, April 24, 2025.

"We are thrilled to welcome Mike Van de Ven and Lawson Whiting as we further strengthen our Board of Directors with two new independent directors," said KDP Chairman Bob Gamgort. "With a remarkable background leading Southwest Airline's operations, Mike brings extensive business management experience and deep financial acumen. As the current CEO of Brown-Forman Corporation, Lawson brings a highly relevant perspective, and we'll benefit from his expertise building and leading iconic brands. We look forward to Mike and Lawson's partnership on our Board."

Gamgort continued: "KDP has gone from a closely held company at its formation to the widely held company we are today. As we advance KDP's next chapter, we have been purposeful in creating a Board with a formidable and complementary range of backgrounds, perspectives, skills and experiences. Similarly, a year ago we had a successful CEO leadership transition, with Tim Cofer now at the helm and capably leading KDP. In keeping with this evolution, I'm pleased to move into the role of non-executive Chairman."

Mike Van de Ven has dedicated 32 years to various financial, operational and executive leadership roles at Southwest Airlines. He currently serves as an Executive Advisor at the company, primarily focusing on aircraft innovations. Previously, he served as President of Southwest from September 2021 to December 2022, and Chief Operating Officer from May 2008 to September 2022. He joined Southwest in 1993 and has held various positions and responsibilities for the airline, including internal audit, financial planning and analysis, fleet planning, aircraft operations and schedule planning. Mr. Van de Ven has also served as senior audit manager for Ernst & Young LLP and is a licensed Certified Public Accountant. He holds a Bachelor of Business Administration in Accounting from the University of Texas.

Lawson Whiting has been a driving force at Brown-Forman Corporation, a leading global alcoholic beverage company, for more than 25 years, developing some of the industry's best-known brands. He has been the President and Chief Executive Officer of Brown-Forman since January 2019 and serves on the Board of Directors. Prior to becoming CEO, Lawson held the position of Executive Vice President and Chief Operating Officer, overseeing regional operations, global production and corporate responsibility. Earlier, as Senior Vice President and Chief Brands and Strategy Officer, he was responsible for the global growth and development of the Brown-Forman portfolio of brands. He holds a Bachelor of Science in Finance from Miami University and a Master of Business Administration from the University of Chicago's Booth School of Business. 

In a separate press release today, the Company announced strong Q1 results and reaffirmed guidance for 2025.

About Keurig Dr Pepper
Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company in North America, with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere. With annual revenue of more than $15 billion, we hold leadership positions in beverage categories including carbonated soft drinks, coffee, tea, water, juice and mixers, and have the #1 single serve coffee brewing system in the U.S. and Canada. Our innovative partnership model builds emerging growth platforms in categories such as premium coffee, energy, sports hydration and ready-to-drink coffee. Our brands include Keurig®, Dr Pepper®, Canada Dry®, Mott's®, A&W®, Peñafiel®, Snapple®, 7UP®, Green Mountain Coffee Roasters®, GHOST®, Clamato®, Core Hydration® and The Original Donut Shop®. Driven by a purpose to Drink Well. Do Good., our 29,000 employees aim to enhance the experience of every beverage occasion and to make a positive impact for people, communities and the planet. For more information, visit www.keurigdrpepper.com and follow us @KeurigDrPepper on LinkedIn and Instagram. 

Investors:

Investor Relations
Keurig Dr Pepper
T: 888-340-5287 / IR@kdrp.com 

Media:

Katie Gilroy
Keurig Dr Pepper
T: 781-418-3345 / katie.gilroy@kdrp.com

FORWARD LOOKING STATEMENTS

Certain statements contained herein are "forward-looking statements" within the meaning of applicable securities laws and regulations. These forward-looking statements can generally be identified by the use of words such as "outlook," "guidance," "anticipate," "enable," "expect," "believe," "could," "estimate," "feel," "forecast," "intend," "may," "on track," "plan," "positioned," "potential," "project," "should," "target," "will," "would," and similar words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. These statements are based on the current expectations of our management, are not predictions of actual performance, and actual results may differ materially.

Forward-looking statements are subject to a number of risks and uncertainties, including the factors disclosed in our Annual Report on Form 10-K and subsequent filings with the SEC. Our actual financial performance could differ materially from those projected in the forward-looking statements due to a variety of factors, including the inherent uncertainty of estimates, forecasts and projections, global economic uncertainty or economic downturns, tariffs or the imposition of new tariffs, trade wars, barriers or restrictions, or threats of such actions, and the possibility that we are unable to successfully integrate GHOST Lifestyle LLC into our business, and our financial performance may be better or worse than anticipated. We are under no obligation to update, modify or withdraw any forward-looking statements, except as required by applicable law.

 

(PRNewsfoto/Keurig Dr Pepper)

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SOURCE Keurig Dr Pepper

FAQ

What changes were made to Keurig Dr Pepper's Board of Directors in April 2025?

KDP appointed two new independent directors (Mike Van de Ven and Lawson Whiting) and transitioned Bob Gamgort from Executive Chairman to non-executive Chairman of the Board.

Who are the new independent directors appointed to KDP's board?

Mike Van de Ven, former Southwest Airlines President, and Lawson Whiting, current CEO of Brown-Forman , were appointed as independent directors.

What experience does Mike Van de Ven bring to KDP's board?

Van de Ven brings 32 years of financial and operational leadership experience from Southwest Airlines, where he served as President and COO, with expertise in aircraft operations and financial planning.

What is Lawson Whiting's background and contribution to KDP's board?

Whiting is the current CEO of Brown-Forman with over 25 years of experience, bringing expertise in building and leading iconic brands in the beverage industry.

How does this board evolution reflect KDP's corporate development?

The changes reflect KDP's transformation from a closely held company to a widely held , following its CEO transition to Tim Cofer last year.
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