London — JAB Holding, the private owner of coffee and restaurant businesses including Keurig Dr Pepper and Pret A Manger, will bring in three new executives as chair Bart Becht retires. Becht, a consumer industry veteran and former CEO of Reckitt Benckiser will retire this year, JAB, controlled by the billionaire Reimann family, said on Monday, without giving a date. “After almost 40 years in the branded consumer business, I have decided it is time to refocus my activities and retire,” Becht said in a statement. The news comes days after Coty, in which JAB is the largest shareholder, announced a management shake-up of its own. JAB, which also controls coffee business Jacobs Douwe Egberts and restaurant Panera Bread, will continue to be run by Peter Harf and Olivier Goudet. It is, however, bringing in three new executives — Fabien Simon, Ricard Rittes and Jacek Szarzynski. Simon will be the group’s CFO, Rittes will lead expansion into emerging markets by opening a new office in Brazi...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.