Good morning. In less than three years, Sudhanshu Priyadarshi, CFO of Keurig Dr Pepper (KDP), was tapped for a chief executive role.

KDP announced on Monday an agreement to acquire Amsterdam-based coffee-seller JDE Peet’s for about $18 billion. The deal is expected to close in the first half of 2026. Afterward, KDP ( No. 284 on the Fortune 500) will split into two U.S.-listed companies: Priyadarshi will lead the coffee business, and current KDP CEO Tim Cofer will head the beverage business, with brands such as Dr Pepper, 7 Up, and Snapple. The separation is expected to be completed by the end of next year.

“Sudhanshu has been a true partner of mine over the past two years,” Cofer said on a call with investors Monday morning. He described him as an “ambitious strategic thinker, a financ

See Full Page