Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. OnAugust 30, 2021 ,Keurig Dr Pepper Inc. (the "Company") announced the appointment ofTony Milikin to the position of Chief SupplyChain Officer , to be effectiveSeptember 7, 2021 .Fernando Cortes , the Company's current Chief SupplyChain Officer and a named executive officer in the Company's 2021 Proxy Statement, will depart the Company effectiveOctober 1, 2021 . In accordance with the Company's Severance Pay Plan for Executives as described in the Company's 2021 Proxy Statement,Mr. Cortes is entitled to receive severance benefits consistent with an involuntary termination. In recognition of his contributions to the Company and leadership of supply chain integration since the 2018 merger that combined the business operations ofKeurig Green Mountain, Inc. andDr Pepper Snapple Group, Inc. , theRemuneration and Nominating Committee of the Company's Board of Directors has also approved a$3,500,000 Leadership Integration Bonus to be paid toMr. Cortes in connection with his separation.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 104 Cover Page Interactive Data File, formatted in Inline XBRL and included as Exhibit 101
--------------------------------------------------------------------------------
© Edgar Online, source