Keurig Dr Pepper is trading higher following the announcement late yesterday that the company has appointed Russ Torres, a veteran executive from Kimberly-Clark, as the chief executive officer of its future Global Coffee Co. This leadership change arrives as the company attempts to navigate headwinds in its U.S. Coffee business, where pod shipments have declined by 11.6%. While the company faces pressure from a high debt-to-market-cap ratio of 74.2% compared to peers, investors appear to be reacting positively to the strategic move to bolster its coffee division ahead of the upcoming third-quarter earnings report scheduled for November 3, 2026.