Keurig Dr Pepper announced that its Board of Directors has elected CEO Bob Gamgort as Executive Chairman of the Board, effective immediately. Mr. Gamgort was the principal architect behind the successful transformation of Keurig Green Mountain (KGM) and subsequent merger with Dr Pepper Snapple Group, which created Keurig Dr Pepper. Mr. Gamgort assumes the role of Chairman from Bart Becht, who is stepping down from the Board in conjunction with his retirement from JAB, KDP's controlling shareholder. The KDP Board of Directors also appointed Fabien Simon, JAB's recently named Partner and Chief Financial Officer, as a director, assuming Mr. Becht's seat on the KDP Board. Mr. Simon most recently was CFO of Jacobs Douwe Egberts ("JDE"), where he led the company's M&A strategy and helped oversee the integration of the coffee business of Mondelez into Douwe Egberts to create JDE.