KDP Names CEO, Shares Subside Tuesday

Keurig Dr Pepper (NASDAQ: KDP) shares began Tuesday lower, on word of today the appointment of Anthony DiSilvestro to the position of Chief Financial Officer, effective immediately. DiSilvestro will report to CEO Tim Cofer and lead the Company's Finance and Technology organizations.DiSilvestro has more than 40 years of diversified industry experience, including a proven track record of strategic leadership, cost structure optimization and large-scale transactions at Campbell Soup Company (NASDAQ: CPB) and Mattel, Inc (NASDAQ:MAT)."As a seasoned and forward-thinking CFO with deep expertise across food & beverage and consumer goods, Anthony is a natural fit for KDP," said Cofer. "He will play a crucial role in sustaining our Company's strong base business momentum, while drawing on his significant M&A experience to facilitate the successful integration of JDE Peet's and ultimate creation of two winning companies. Anthony will be a valuable partner in launching our next chapter.""KDP is a world-class company with a compelling growth strategy, iconic brands and a unique opportunity to transform the beverage industry and unlock shareholder value," said DiSilvestro. "I'm excited to work with Tim and the Board, the management team and a strong bench of finance leaders to drive attractive results and help navigate this pivotal period for our company."KDP shares sank 28 cents, or 1%, early Tuesday to $27.08