Keurig Dr Pepper announced the appointment of Drew Panayiotou as Chief Marketing Officer (CMO), U.S. Refreshment Beverages, effective November 11, 2024. Panayiotou brings a modern approach to marketing and a broad range of experience to the role, having led teams at agencies and across multiple industries, including beverages, technology, health care, retail and entertainment. Andrew Springate, who currently serves as CMO for U.S. Refreshment Beverages, is being appointed to a critical new role leading industry and strategic initiatives, reporting directly to Tim Cofer, Chief Executive Officer at KDP.

Andrew will bring his nearly 30 years of sales, marketing and general management experience ? and deep relationships across the beverage industry ? to the position.

Over the coming months, Andrew will work with Drew on a seamless transition to ensure the strong marketplace momentum of KDP's brands continues. Panayiotou joins the Company most recently from Pfizer, where he was the company's first Global Chief Marketing Officer with oversight of marketing across all of Pfizer's markets and products, leading a team of 1,400. While at Pfizer, he spearheaded the deployment of AI-driven content and media capabilities and developed a direct-to-consumer e-commerce engagement model to elevate how Pfizer reaches and serves patients.

He also led an innovative corporate brand campaign focused on fighting cancer. As CMO, U.S. Refreshment Beverages, Drew will lead marketing for KDP's $9 billion portfolio of cold beverage brands, including Dr Pepper, Canada Dry, Mott's, A&W, Snapple, 7UP and Core Hydration. He will also oversee all functions within the Company's enterprise-wide marketing centers of excellence, including insights & analytics, media & public relations, marketing innovation, creative services and category management.

Prior to his role at Pfizer, Drew was Chief Marketing Officer at Verily/Google Life Sciences, and earlier, was President and CEO of BBDO-ATL and President of Red Wagon Ventures. He also held senior marketing leadership roles at Best Buy, the Walt Disney Company and The Coca-Cola Company. Early in his career, he served as a brand manager for Canada Dry.

Panayiotou will report to Archambault and work closely with marketing leaders within the Company's U.S. Coffee business unit and its Canada and Mexico operations to advance KDP's approach to innovative brand-building.