Dr. Pepper Snapple Group, Inc. announced intent to merge with Keurig Green Mountain to create a new publicly traded beverage company - Keurig Dr. Pepper. Upon close, Larry will retire and transition to a role on the Keurig Dr. Pepper board of directors. DPS leadership will continue to run business out of Plano.

Bob Gamgort, current CEO of Keurig Green Mountain, will become CEO of Keurig Dr. Pepper. Bob is based in Burlington, Mass., and will draw on the strength and experience of the leadership teams of both companies to make this work.