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Keurig Dr Pepper CEO resigns over violation of company’s code of conduct

Keurig Dr Pepper said Thursday that CEO Ozan Dokmecioglu had agreed to step down over violations of the company’s code of conduct.

In a statement, the beverage maker said the violations were not related to strategy, operations or financial reporting.

The company reappointed Bob Gamgort, the company’s current executive chairman and former CEO, as chief executive. Gamgort handed over the reins of the company to Dokmecioglu at the end of July.

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Packaging of Dr Pepper is seen in a store in Chicago, the United States, October 19, 2022. ((Photo by Jakub Porzycki/NurPhoto via Getty Images) / Getty Images)

He will also continue in his role as Chairman.

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Keurig Dr Chilli

WATERBURY, VERMONT, UNITED STATES – 2019/10/11: Keurig Dr Pepper corporate headquarters. ((Photo by John Greim/LightRocket via Getty Images) / Getty Images)

“KDP has a deep and talented management team,” Gamgort said. “I look forward to continuing to work with the management team and the board in the role I held less than four months ago.”

Robert Gambort

Robert Gamgort, then CEO of Keurig Green Mountain Inc., listens during a Bloomberg Television interview in New York, Feb. 6, 2018. Gamgort was renamed CEO of Keurig Dr Pepper on Nov. 10, 2022. (Photographer: Christopher Goodney/Bloomberg via Getty Images/Getty Images)

Prior to taking on the executive role at Keurig Dr Pepper, Dokmecioglu was its chief financial officer.

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Dokmecioglu resigned from Krispy Kreme Inc.’s board of directors in September after serving two years, according to an SEC filing. Krispy Kreme said in the filing that the departure was not caused by a disagreement with the company or the board.