Keurig Dr Pepper

On November 14, 2022, the Board of Directors (the “Board”) of Keurig Dr Pepper Inc. (the “Company”) appointed Oray Boston as an independent member of the Board, effective immediately. Mr. Boston will serve for an initial term to expire concurrently with the terms of the other members of the Board at the Company’s 2023 annual meeting of stockholders, or until his earlier death, resignation or removal. Mr. Boston has not yet been appointed to serve on any committees of the Board. There are no arrangements or understandings between Mr. Boston and any other persons pursuant to which Mr. Boston was appointed as a director, and Mr. Boston is not a party to any transaction with the Company reportable under Item 404(a) of Regulation S-K under the Securities Act of 1933. Mr.

On November 9, 2022, the Board of Directors (the “Board”) of Keurig Dr Pepper Inc. (the “Company”) accepted the resignation of Ozan Dokmecioglu as President and Chief Executive Officer and as a director of the Company, effective immediately, and the Board appointed Robert Gamgort, the Company’s current Executive Chairman and former President and Chief Executive Officer, to serve as President and Chief Executive Officer. Mr. Gamgort will continue to serve as Executive Chairman. Accordingly, the Board reduced its size to eleven (11) members. Mr. Gamgort, 60, has served as Executive Chairman of the Company since January 2019 and served as President and Chief Executive Officer of the Company from July 2018 to July 2022. Prior to the merger between Keurig Green Mountain, Inc. (“KGM”) and Dr Pepper Snapple Group, Inc. that formed the Company in 2018, Mr.

On October 24, 2022, Keurig Dr Pepper Inc. (the “Company”) announced the appointment of Sudhanshu Priyadarshi to the position of Chief Financial Officer, to be effective November 14, 2022. Prior to joining the Company, Mr. Priyadarshi, 45, served as the Chief Financial Officer of Vista Outdoor Inc. from April 2020 to October 2022, overseeing all financial management and strategic planning for the sporting and outdoor goods company. From 2018 to 2019, he served as the Chief Financial Officer of Flexport, Inc., a digital freight forwarder and logistics platform. He served as Vice President of Finance for Walmart, Inc.’s eCommerce business from 2017 to 2018 and Vice President, Finance and Strategy within Walmart’s U.S. finance leadership team from 2016 to 2017. Mr. Priyadarshi holds an MBA from the University of Technology Sydney.

On October 13, 2022, Keurig Dr Pepper Inc. (the “Company”) announced the appointment of Roger Johnson to the position of Chief Supply Chain Officer, to be effective October 17, 2022. Tony Milikin, the Company’s current Chief Supply Chain Officer and a named executive officer in the Company’s 2022 Proxy Statement, will depart the Company effective as of October 28, 2022.

Appointment of Interim Chief Financial Officer As previously announced in a Current Report on Form 8-K filed by Keurig Dr Pepper Inc. (the “Company”) on April 5, 2022, effective July 29, 2022, Ozan Dokmecioglu will transition from his current position as the Company’s Chief Financial Officer and President, International to the position of President and Chief Executive Officer, and the Company’s current President and Chief Executive Officer, Robert J. Gamgort, will transition to the role of Executive Chairman. In connection with this leadership transition, George Lagoudakis was appointed to serve as the Company’s interim Chief Financial Officer, effective July 29, 2022. Mr. Lagoudakis, 50, is currently the Company’s Senior Vice President of Finance for Cold Beverages, a position he has held since July 2018.

On April 1, 2022, the Board of Directors (the “Board”) of Keurig Dr Pepper Inc. (the “Company” or “Keurig”) approved a succession plan pursuant to which Robert J. Gamgort will transition from his position as President and Chief Executive Officer of the Company effective as of July 29, 2022 (the “Transition Date”). Mr. Gamgort will continue to serve as Executive Chairman of the Board through July 26, 2024. The Board has appointed Ozan Dokmecioglu, currently the Company’s Chief Financial Officer and President, International, to the role of President and Chief Executive Officer effective as of the Transition Date. The information required by Items 401(b), (d), (e) of Regulation S-K with respect to Mr. Dokmecioglu is included in the Company’s annual proxy statement filed with the U.S. Securities and Exchange Commission on April 30, 2021, and is hereby incorporated by reference herein.

Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. On April 1, 2022, the Board of Directors (the “Board”) of Keurig Dr Pepper Inc. (the “Company”) appointed Michael Call as a member of the Board to fill the vacancy left upon the previously announced resignation of Nelson Urdaneta, which became effective April 1, 2022. Mr. Call will serve for an initial term to expire concurrently with the terms of the other members of the Board at the Company’s 2022 annual meeting of stockholders, or until his earlier death, resignation or removal. Additionally, Mr. Call was appointed to the Board’s Remuneration & Nomination Committee and its Audit & Finance Committee. Mr. Call serves on the Board as a designee of Mondelēz International, Inc.

Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. On March 22, 2022, Nelson Urdaneta notified the Chairman of the Board of Directors (the “Board”) of Keurig Dr Pepper Inc. (the “Company”) that he will resign from the Board effective April 1, 2022. Mr. Urdaneta currently serves on the Board as a designee of Mondelēz International, Inc. (“Mondelēz”), a stockholder of the Company, pursuant to the terms of the Investor Rights Agreement, dated as of July 9, 2018, by and among the Company, Maple Holdings B.V. and Mondelēz (the “Investor Rights Agreement”). Mr. Urdaneta plans to depart Mondelēz to take a role with a different company, and his decision to resign did not result from any disagreement with the Company or the Board.

Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. On February 11, 2022, Genevieve Hovde notified the Chairman of the Board of Directors (the “Board”) of Keurig Dr Pepper Inc. (the “Company”) of her resignation from the Board, effective immediately. Ms. Hovde’s resignation did not result from any disagreement with the Company or the Board. Following the resignation, the Board is composed of 12 directors, 7 of whom are independent (Juliette Hickman, Paul Michaels, Pamela Patsley, Debra Sandler, Robert Singer, Nelson Urdaneta and Larry Young).

Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. On August 30, 2021, Keurig Dr Pepper Inc. (the “Company”) announced the departure of Fernando Cortes, a named executive officer in the Company’s 2021 Proxy Statement. On September 24, 2021, the Company and Mr. Cortes entered into a separation and release agreement (the “Separation Agreement”) on terms materially consistent with those described in the Company’s Current Report on Form 8-K filed on August 30, 2021. Mr. Cortes’ separation from the Company is effective as of September 24, 2021. The foregoing description of the Separation Agreement is not complete and is qualified in its entirety by the full text of the Separation Agreement, which is filed herewith as Exhibit 10.1 and incorporated by reference in this

Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. On August 30, 2021, Keurig Dr Pepper Inc. (the “Company”) announced the appointment of Tony Milikin to the position of Chief Supply Chain Officer, to be effective September 7, 2021. Fernando Cortes, the Company’s current Chief Supply Chain Officer and a named executive officer in the Company’s 2021 Proxy Statement, will depart the Company effective October 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 of Keurig Green Mountain, Inc.

In connection with the closing of the Offering (as defined below), effective June 10, 2021, Gerhard Pleuhs resigned from the Board of Directors of Keurig Dr Pepper Inc. (the “ Company ”). As a result, Mr. Pleuhs will no longer be a nominee for re-election at the Company’s 2021 Annual Meeting of Stockholders to be held on June 18, 2021. Mr. Pleuhs’s resignation did not result from any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. On April 26, 2021, the Company’s Board of Directors appointed Lubomira Rochet as a member of the Board, effective immediately. Ms. Rochet will serve for an initial term to expire concurrently with the terms of the other members of the Board at the Company’s 2021 annual meeting of stockholders, or until her earlier death, resignation or removal. Ms. Rochet will not serve on any committees of the Board. There are no arrangements or understandings between Ms. Rochet and any other persons pursuant to which Ms. Rochet was appointed as a director and Ms. Rochet is not a party to any transaction with the Company reportable under Item 404(a) of Regulation S-K under the Securities Act. Ms.

Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. On March 5, 2021, the Board of Directors (the “Board”) of Keurig Dr Pepper Inc. (the “Company”) appointed Debra Sandler as an independent member of the Board, effective immediately. Ms. Sandler will serve for an initial term to expire concurrently with the terms of the other members of the Board at the Company’s 2021 annual meeting of stockholders, or until her earlier death, resignation or removal. Additionally, Ms. Sandler was appointed to the Board’s Remuneration and Nomination Committee. There are no arrangements or understandings between Ms. Sandler and any other persons pursuant to which Ms. Sandler was appointed as a director and Ms. Sandler is not a party to any transaction with the Company reportable under Item 404(a) of Regulation S-K under the Securities Act of 1933. Ms.

Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. On January 18, 2021, the Board of Directors (the “Board”) of Keurig Dr Pepper Inc. (the “Company”) appointed Juliette Hickman as an independent member of the Board, effective immediately. Ms. Hickman will serve for an initial term to expire concurrently with the terms of the other members of the Board at the Company’s 2021 annual meeting of stockholders, or until her earlier death, resignation or removal. Additionally, Ms. Hickman was appointed to the Board’s Renumeration and Nomination Committee. There are no arrangements or understandings between Ms. Hickman and any other persons pursuant to which Ms. Hickman was appointed as a director and Ms. Hickman is not a party to any transaction with the Company reportable under Item 404(a) of Regulation S-K under the Securities Act of 1933.

Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. On December 9, 2020, Anna-Lena Kamenetzky notified the Chairman of the Board of Directors (the “Board”) of Keurig Dr Pepper Inc. (the “Company”) of her resignation from the Board. Ms. Kamenetzky’s resignation did not result from any disagreement with the Company or the Board. Also on December 9, 2020, the Board appointed Justine Tan, a partner at JAB Holding Company, as a member of the Board, effective immediately. Ms. Tan will serve for an initial term to expire concurrently with the terms of the other members of the Board at the Company’s 2021 annual meeting of stockholders, or until her earlier death, resignation or removal. Ms. Tan will not serve on any committees of the Board. There are no arrangements or understandings between Ms. Tan and any other persons pursuant to which Ms.

On September 15, 2020, the Remuneration and Nomination Committee (the “Committee”) of the Board of Directors (the “Board”) of Keurig Dr Pepper Inc. (the “Company”) approved retention incentive awards for three of the Company’s Named Executive Officers. The awards are structured as restricted stock units (“RSUs”) that vest in four equal installments on each of the second, third, fourth and fifth anniversary of the date of grant, subject to continued employment with the Company and other vesting conditions, including the requirement that the executive has retained ownership of at least as many shares of Company stock as the full number of RSUs that were granted. Upon vesting, each RSU is settled in one share of the Company’s common stock.

Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. On September 4, 2020, Fabien Simon notified the Chairman of the Company's Board of Directors of his resignation from the Board, effective on September 7, 2020. Mr. Simon is assuming the role of Chief Executive Officer of JDE Peet's, a global coffee and tea company based in Amsterdam, and his resignation did not result from any disagreement with the Company or the Board.

(e) On July 12, 2019 Keurig Dr Pepper Inc. (“KDP”) entered into a consulting agreement with Rodger Collins, President, Direct Store Delivery (the “Consulting Agreement”), in connection with his previously disclosed retirement. Under the terms of the Consulting Agreement Mr. Collins will provide consulting services to KDP following his July 9, 2019 retirement date from July 10, 2019 until January 9, 2020 (as the same may be so extended pursuant to its terms, the “Consulting Period”), subject to 6-month renewal periods unless not later than two months prior to the date that the term would otherwise expire KDP or Mr. Collins gives notice to the other party that it does not want to extend. Pursuant to the Consulting Agreement, Mr. Collins will receive $26,125 per month of the Consulting Period. During the Consulting Period, KDP will provide Mr.

On June 7, 2019, at the Annual Meeting of Stockholders (the "Annual Meeting") of Keurig Dr Pepper Inc. (the "Company"), the Company’s stockholders approved the Omnibus Stock Incentive Plan of 2019 (the "2019 Plan"), which provides for a variety of types of awards, including options, stock appreciation rights, stock awards (including restricted stock and restricted stock units) and performance awards.

(b) On May 20, 2019, the Keurig Dr Pepper Inc. (“KDP”) Executive Leadership Team was advised that Rodger Collins, President, Direct Store Delivery, was retiring consistent with succession plans established at the time of the merger. The effective date of Mr. Collins’ retirement has not yet been determined, but it is expected to be mid-July 2019. Mr. Collins has assisted KDP in an orderly transition of his duties and responsibilities to Derek Hopkins, KDP’s Chief Commercial Officer, who will assume leadership of KDP’s Direct Store Delivery operations following Mr. Collins’ retirement. It is expected that Mr. Collins will serve as a consultant to KDP for a period of time following his retirement, with the terms of Mr. Collins’ consulting arrangement to be finalized. 2

(b) On January 9, 2019, Phillip L. Hancock, Chief Strategy and Emerging Brands Officer of Keurig Dr Pepper Inc. (the “Company”), informed the Company of his intent to resign effective January 18, 2019 to pursue other opportunities. 2

On January 12, 2019, Lambertus J.H. Becht, resigned as Chairman of the Board of Directors (the “Board”) of Keurig Dr Pepper Inc. (the “Company”) and as a director of the Company. Mr. Becht’s resignation was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. On January 13, 2019, the Board appointed Mr. Robert J. Gamgort, Board member and current President and Chief Executive Officer of the Company, to the additional role of Executive Chairman of the Board, effective immediately. On January 13, 2019, the Board appointed Fabien Simon as a member of the Board, effective immediately to fill the vacancy created as a result of the resignation of Mr. Becht, to serve for an initial term to expire at the Company’s 2019 annual meeting of stockholders, or until his earlier death, resignation or removal.

Election of Directors; Appointment of Certain Officers; Compensatory Agreements of Certain Officers. (b) Executive Officers In connection with the consummation of the Merger and as previously disclosed on the Company’s Current Report on Form 8-K filed with the Commission on June 25, 2018, each of Larry D. Young, Martin M. Ellen and James J. Johnston, each a Named Executive Officer of the Company, resigned from employment effective as of the Effective Time. As previously disclosed under the caption “Tables of Potential Payments and Assumptions” to the Company’s definitive proxy statement on Schedule 14A, filed with the Commission on May 29, 2018, and incorporated herein by reference, each of the foregoing Named Executive Officers is entitled to severance in connection with their separations from employment.

(b) On June 25, 2018, Dr Pepper Snapple Group, Inc. (“DPS” or the “Company”) and Maple Parent Holdings Corp. (“Maple”) announced the anticipated resignations of certain Company executives, including Martin M. Ellen, Executive Vice President & Chief Financial Officer and James J. Johnston, President - Beverage Concentrates & Latin America Beverages, upon (and subject to) completion of the merger contemplated by the Agreement and Plan of Merger (the “Merger Agreement”) among the Company, a special purpose merger subsidiary of the Company (“Merger Sub”) and Maple, the indirect parent of Keurig Green Mountain, Inc. In addition, upon (and subject to) completion of the merger, Larry D. Young, President and Chief Executive Officer, will retire from the Company but remain on the Board of Directors.

(b) On May 18, 2017 Joyce Roche retired as a director of Dr Pepper Snapple Group, Inc. Ms. Roche was an independent director and did not stand for re-election at the Annual Meeting of Stockholders held on May 18, 2017 because she reached mandatory retirement age under the Corporate Governance Guidelines.

On September 22, 2016, Dr Pepper Snapple Group, Inc. (the "Company") issued a press release announcing that José Gutiérrez has joined the Company's Board of Directors (the "Board") effective today. Mr. Gutiérrez was designated as an independent director and will stand for re-election at the annual stockholder's meeting occuring on May 18, 2017. Mr. Gutiérrez will serve on the Corporate Governance and Nominating Committee. Mr. Gutiérrez, 55, currently serves as senior executive vice president and chief of staff to the chairman & CEO of AT&T. Over the course of 25 years at AT&T, Mr. Gutiérrez has held several senior executive positions, including president and CEO of Southwestern Bell (AT&T Southwest), president of AT&T Global Enterprise Solutions, president of AT&T Wholesale and Access Solutions, president and CEO of AT&T Advertising Solutions and president of Industry Markets. Mr.