Keurig Dr Pepper Taps Kimberly-Clark Executive Torres to Lead Coffee Spinoff Company

At a Glance (China Coffee Network): Source: Global Market Broadcast Torres will lead the integration of the coffee business; after the Peet’s Coffee and Keurig businesses are spun off, he will become CEO of the new …

Source: Global Market Broadcast

Torres will lead the integration of the coffee business; after the Peet’s Coffee and Keurig businesses are spun off, he will become CEO of the new spun-off company.

Keurig Dr Pepper Group has hired Las Torres of Kimberly-Clark to serve as CEO of its coffee spinoff business.

Keurig Dr Pepper Group (KDP) announced it has hired Las Torres of Kimberly-Clark (KMB) as CEO of the coffee spinoff business.

The Frisco, Texas-based company said Thursday that Torres, currently Kimberly-Clark’s president and chief operating officer, will join on November 3 and serve as CEO of the coffee business unit ahead of the formal spinoff.

Torres has been Kimberly-Clark’s president since May 2025 and is currently overseeing the consumer-goods giant’s M&A integration planning for its $40 billion acquisition of Kenvue (KVUE), the company behind Tylenol.

Kimberly-Clark said the M&A integration planning and related projects will be taken over by Jeff Melucci, chief strategy, business development and administration officer; Nelson Urdaneta, CFO at the Dallas headquarters, will handle synergy realization.

Kimberly-Clark said Torres had been slated to become president and COO of the merged entity post-acquisition, and will stay until November to help with the handover; the Kenvue acquisition is on track to close by the end of this year.

Keurig Dr Pepper Group announced last year a plan to spend $18 billion to acquire JDE Peet’s, parent of Peet’s Coffee, and to spin off its two major coffee businesses — Peet’s and Keurig — into an independent company focused on the coffee sector. The company said it aims to complete the spinoff in early 2027; Torres will oversee coffee-segment integration and become the new company’s CEO once the spinoff lands.

Keurig Dr Pepper Group initially chose former CFO Sudhanshu Priyadarshi as CEO of the coffee spinoff company, but announced at the end of last year that Priyadarshi would not take the role and would leave the company.

The group had then planned for Rafael Oliveira, head of JDE Peet’s, to lead the new spun-off company, but Oliveira left to take over management at Dutch brewer Heineken.

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