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Becht Resigns As Chairman Of JAB Holding Over Disagreements About Company Strategy

January 14, 2019: 12:00 AM EST
JAB Holding, owner of coffee giant Keurig Dr Pepper, announced the retirement this year of chairman and co-founder Bart Becht, a few months after he stepped down from its Coty cosmetics business. Becht reportedly resigned because of disagreements with his partners about the scale of the company's dealmaking, preferring that JAB focus on improving operations for the companies that JAB already has stakes in. The company has hired three new executives with consumer products backgrounds: Fabien Simon, Ricard Rittes and Jacek Szarzynski. Anheuser Busch InBev veteran Rittes will open a new office in Brazil to head up expansion in emerging markets. JAB, the investing arm of Germany's Riemann family, was run by Becht with partners Peter Harf and Olivier Goudet. Harf will take over as chairman after Becht's departure. CEO Bob Gamgort will replace Becht as chairman of its board.
Amelia Lucas, "Bart Becht, chairman of Keurig Dr Pepper owner JAB, to retire from the company he helped form", CNBC.com, January 14, 2019, © CNBC LLC
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