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    Timothy Cofer

    Chief Executive Officer at Keurig Dr Pepper Inc
    Since April 26, 2024
    Age
    55 years
    Education
    Holds a Bachelor of Arts in Economics and Political Science from St. Olaf College and an MBA from the University of Minnesota.
    Tenure
    Joined as Chief Operating Officer on November 6, 2023 and was promoted to Chief Executive Officer on April 26, 2024.

    Also at Keurig Dr Pepper Inc

    RG
    Robert Gamgort
    Executive Chairman
    AS
    Anthony Shoemaker
    Chief Legal Officer, General Counsel, and Secretary
    JW
    Justin Whitmore
    President of KDP Energy

    About

    Timothy Cofer is a seasoned executive known for his strong leadership and international experience in the consumer packaged goods industry. With a career spanning over 30 years, he has demonstrated the ability to drive growth and execute strategic transformations, having served in senior roles across multiple leading companies before joining his current organization.

    Prior to his tenure at KDP, he held the position of Chief Executive Officer at Central Garden & Pet Company from October 2019 to September 2023, where he achieved double-digit revenue and profit growth through strategic acquisitions. Earlier in his career, he spent over 25 years with Mondelēz International and its predecessor, Kraft Foods, where he occupied several key leadership roles including Executive Vice President, Chief Growth Officer, and various regional presidencies.

    At KDP, he initially joined as Chief Operating Officer on November 6, 2023, and swiftly ascended to the role of Chief Executive Officer on April 26, 2024. His leadership at KDP has been marked by innovative initiatives, such as developing a multi-year innovation pipeline including sustainable product lines, and contributing significantly to the company’s strategic growth and operational excellence.

    $KDP Performance Under Timothy Cofer

    Past Roles

    OrganizationRoleDate RangeDetails
    KDP Chief Operating Officer Nov 2023 – Apr 26, 2024 Held the role prior to his promotion to Chief Executive Officer
    Central Garden & Pet Company Chief Executive Officer & Board Member Oct 2019 – Sep 2023 Oversaw a multi-year period of double-digit revenue and profit growth and executed a series of strategic acquisitions
    Mondelēz International Executive Vice President & Chief Growth Officer; also held President roles (Asia Pacific, Middle East & Africa, Kraft Foods Europe, Kraft Pizza Company, Oscar Mayer Foods) 2016 – 2019 (EVP role); over 25 years of service overall Architected the company’s successful growth strategy, led the global integration of Kraft and Cadbury, and managed extensive manufacturing and distribution operations
    Kraft Foods Various Leadership Positions N/A Held roles across product categories such as coffee, chocolate, and packaged food

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary (Prorated)$176,923Prorated for portion of 2023Based on an annual salary of $1,150,000 as COO.
    Sign-On Bonus$8,000,000One-timeProvided to compensate for forgone incentive compensation; subject to 100% repayment if resigned or terminated for cause within one year, and 50% repayment between the first and second anniversaries.
    Relocation and Housing$86,662One-time reimbursementCovers relocation and temporary housing expenses; includes a tax gross-up of $14,556 to cover tax liabilities.

    Performance Compensation

    Data from  FY 2023

    No information available on performance compensation for 2023