- Keurig Dr Pepper Inc (NASDAQ:KDP) has appointed Ozan Dokmecioglu, currently CFO & President of International, as its next Chief Executive Officer, effective July 29, 2022.
- Bob Gamgort, Chairman and CEO, will serve as Executive Chairman of Keurig for two years to support the transition.
- In addition, Gamgort has committed to remaining a significant investor in Keurig, maintaining at least half of his shareholdings during his tenure as Executive Chairman.
- As CEO, Dokmecioglu will lead the execution of the company’s strategy, while Gamgort will lead the Board and oversee the deployment of discretionary cash flow.
- The move follows the successful completion of Keurig’s three-year merger integration period.
- Price Action: KDP shares closed higher by 0.31% at $38.36 on Monday.
Morgan Stanley Maintains Underweight on Altria Group, Lowers Price Target to $47
Morgan Stanley maintains Altria Group (NYSE:MO) with a Underweight and lowers the price target from $50 to $47.
