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Keurig Dr Pepper (KDP) has unveiled its CEO transition plan, which will see Ozan Dokmecioglu succeed Bob Gamgort as the company’s chief executive later this year. Currently serving as KDP's CFO and president of international, Dokmecioglu will take over the leadership role on 29 July, and also join the company's board of directors. KDP’s current chairman and CEO Gamgort has agreed to serve as executive chairman for two years. He has also committed to remaining a "significant" investor in the company, maintaining at least half of his shareholdings during his tenure as executive chairman. The transition is said to leverage the “successful partnership” between Gamgort and Dokmecioglu to ensure continuity in the company's leadership and strategic direction. "I am honoured to assume the role of KDP CEO at this important time for our company and look to the future excited by the enormous potential that lies ahead," said Dokmecioglu. KDP lead independent director, Paul Michaels, added: "We are pleased to appoint Ozan as our next CEO after a thorough succession planning process, including the consideration of internal and external candidates. Ozan is an exceptionally strong leader with the skills, experience, values and perspective to lead KDP into the future. We are also fortunate to have Bob in a position to continue working closely with Ozan and the leadership team over the next few years." KDP says that the process to recruit Dokmecioglu's successor as CFO is already underway.