JAB Holdings has appointed Scott Gray as chief financial officer of JDE Peet’s, the tea and coffee company recently created through the merger of Peet’s Coffee and Jacobs Douwe Egberts.
Gray, who most recently served as vice president global treasury and risk management at AB InBev, will take on the role on 24 February 2020.
Prior to AB InBev, Gray worked as a vice president for Deutsche Bank Securities. He is graduate of Wake Forest University and received his MBA from the Moore School of Business at the University of South Carolina.
“Scott’s experience with the capital markets and in managing global financial operations make him the ideal executive to lead the JDE Peet’s finance operation,” said Casey Keller, JDE Peet’s CEO.
“I look forward to working closely with Scott and know that his financial leadership will be invaluable as JDE Peet’s continues to evolve and grow.”
JAB has also appointed Denis Hennequin, Stuart MacFarlane, Aileen Richards and Luc Vandevelde as non-executive directors of JDE Peet’s.
Olivier Goudet, JAB managing partner and CEO, added: “At JAB, we believe in world-class governance and board expertise across industries and geographies. The attractiveness of JDE Peet’s as a business is demonstrated by our ability to welcome highly qualified individuals who have agreed to be appointed as non-executive directors of the business.”
In December, JAB announced plans to create JDE Peet’s and explore an initial public offering of the new company.
JDE Peet’s owns brands such as Peet’s, Jacobs, L’Or, Senseo, Tassimo and Tiora, Douwe Egberts, Stumptown, Super, Pilão, OldTown, Moccona and Mighty Leaf Tea.
© FoodBev Media Ltd 2019