Global drinks manufacturer Keurig Dr Pepper has announced the appointment of Anthony DiSilvestro as the chief financial officer, effective immediately.

He will report directly to CEO Tim Cofer and oversee the company’s finance and technology organisations.

DiSilvestro has over 40 years of experience and has held executive roles at major companies, including Campbell Soup Company and Mattel, Inc.

Cofer said: “As a seasoned and forward-thinking CFO with deep expertise across food & beverage and consumer goods, Anthony is a natural fit for KDP.

“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 the ultimate creation of two winning companies. Anthony will be a valuable partner in launching our next chapter.”

Subscribe to Grocery Gazette for free

Sign up here to get the latest grocery and food news each morning

DiSilvestro said: “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.

“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.”

Following the appointment, George Lagoudakis, currently SVP of Commercial Finance, will step into the newly created role of deputy CFO.

Additionally, Jane Gelfand recently stepped into the expanded position of SVP of strategic finance and capital markets.

Moving forward, Schweppes’ parent company plans to acquire JD Peet’s and separate it into two companies that focus on the coffee chain and beverage brand.