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Keurig Dr Pepper names CEO Bob Gamgort executive chairman

Keurig Dr Pepper Inc.'s board on Jan. 14 appointed CEO Bob Gamgort as executive chairman, effective immediately.

Gamgort replaces Bart Becht, who is stepping down from the company's board after his retirement from Keurig Dr Pepper's controlling shareholder, JAB Holding Co. Sàrl.

The company said Gamgort played a key role in the merger of Dr Pepper Snapple Group Inc. and Keurig Green Mountain Inc., which created Keurig Dr Pepper.

The U.S. beverage company's board also appointed Fabien Simon as a director. Simon is JAB's partner and CFO. Most recently, Simon was the CFO of Dutch beverage company Jacobs Douwe Egberts BV.