Keurig Dr Pepper plans to split into Beverage Co. and Global Coffee Co. early 2027, with head of Coffee Operating Unit Rafa Oliveira departing end of July and Pamela Patsley leading the CEO search. The company reaffirmed 2026 guidance of $25.9–$26.4 billion net sales and low-double-digit adjusted EPS growth.
Keurig Dr Pepper announced that Rafa Oliveira, head of the Coffee Operating Unit, will leave at the end of July to pursue an external CEO role. The board, led by chair Pamela Patsley, has launched a search for the future CEO of Global Coffee Co., while Tim Cofer will continue overseeing coffee operations and lead Beverage Co.
The company is preparing to separate into two independent entities—Beverage Co. and Global Coffee Co.—targeted for early 2027. Tim Cofer will serve as CEO of Beverage Co. post-separation, and Pamela Patsley will become chairman of the board for Global Coffee Co.
Keurig Dr Pepper reaffirmed its 2026 targets of $25.9–$26.4 billion in net sales and low-double-digit adjusted diluted EPS growth on a constant currency, non-GAAP basis. The company emphasized its focus on delivering full-year commitments and achieving key separation milestones while integrating JDE Peet’s.
