Keurig Dr Pepper names CEO for planned coffee spin-off; shares rise

Kimberly-Clark

01/10/2026 17:19

** Shares of soft drinks giant Keurig Dr Pepper KDP.O rise 1.4% to $30.78
** Co names Kimberly-Clark KMB.O executive Russ Torres as CEO of its coffee business called Global Coffee Co, which will be a publicly traded co early next year
** Torres, who joins on Nov. 3, brings three decades of consumer goods experience leading global brands and large-scale business transformations
** 13 of 20 brokerages rate the stock "buy" or higher and seven "hold"; median PT is $37 - data compiled by LSEG 
** Including session's move, stock down 9.9% YTD

 (Reporting by Anand Gopal in Bengaluru)
 ((AnandGopal.R@thomsonreuters.com))