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Keurig Dr Pepper taps JDE Peet’s CEO to lead coffee company
Keurig Dr Pepper has appointed Rafael Oliveira, CEO of JDE Peet’s NV, to lead its combined coffee business, which is slated to become an independent entity from the soda maker. This decision follows earlier investor skepticism regarding the debt Keurig would undertake for the JDE Peet’s acquisition. The company aims to split into separate beverage and coffee businesses by the end of the year.