Russ Torres. Keurig Dr Pepper press launch photograph.
Keurig Dr Pepper (KDP) named Kimberly-Clark President and COO Russ Torres to steer its huge international espresso enterprise forward of a deliberate company cut up in early 2027.
Torres will be a part of KDP on Nov. 3 as CEO of the corporate’s espresso working unit, overseeing the continued integration of KDP’s current espresso enterprise with JDE Peet’s.
KDP introduced the roughly $18 billion deal to accumulate JDE Peet’s final 12 months, with plans to separate into two unbiased publicly traded beverage firms. Torres is now slated to change into CEO and a board member of the coffee-focused firm, referred to as International Espresso Co., in accordance with KDP
Till the cut up, Torres will report back to KDP CEO Tim Cofer, who’s slated to steer the opposite firm, at present referred to as Beverage Co.
Torres brings roughly 30 years of expertise in client packaged items, in accordance with KDP and a LinkedIn profile. At Kimberly-Clark, he at present oversees operations in additional than 30 international locations. He beforehand led the corporate’s $11 billion North American enterprise and earlier held senior positions at Newell Manufacturers, Bain & Firm and Mondelēz Worldwide, previously Kraft Meals.
Torres has additionally been serving to lead Kimberly-Clark by its pending acquisition of client well being firm Kenvue to kind a bigger international well being and wellness firm. Kimberly-Clark confirmed Torres’ departure in a separate announcement in the present day.
KDP stated the long run espresso firm is anticipated to generate roughly $16 billion in annual income, make use of greater than 25,000 individuals and function in additional than 100 markets. Its portfolio will span single-serve methods, roasted and floor espresso, complete bean, soluble espresso, ready-to-drink merchandise and away-from-home channels. Main manufacturers embody Keurig, Jacobs, Peet’s Espresso, L’OR and Inexperienced Mountain Espresso Roasters.
Management Transitions
Torres is the third govt KDP has publicly recognized to steer the long run espresso firm because it introduced the JDE Peet’s acquisition in August 2025.
On the time, KDP CFO Sudhanshu Priyadarshi was slated to change into CEO of International Espresso Co. KDP reversed that plan at its October 2025 investor day and commenced trying to find one other chief.
Then, upon closing the JDE Peet’s acquisition in April, KDP named JDE Peet’s CEO Rafael Oliveira to run the mixed espresso operation and finally International Espresso Co.
Lower than three months later, KDP introduced that Oliveira would depart on the finish of July for an out of doors CEO place. KDP CEO Cofer has overseen the espresso enterprise throughout the subsequent search.
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