Keurig Dr Pepper named Kimberly-Clark President and COO Russ Torres as CEO of Global Coffee Co., its planned coffee spinoff. Torres will leave Kimberly-Clark on Nov. 2, 2026, and join Keurig Dr Pepper on Nov. 3 to lead the coffee operating unit before its targeted early-2027 separation. His departure comes as Kimberly-Clark prepares to complete its pending Kenvue acquisition in the fourth quarter of 2026 and reshapes the leadership team overseeing integration. Chief Strategy, Business Development and Administrative Officer Jeff Melucci will lead integration planning and execution, while CFO Nelson Urdaneta will oversee synergy realization. Kimberly-Clark shares fell about 3% and Kenvue shares declined about 2% following the executive announcements.