JAB Investors announced that Denis Hennequin, Stuart MacFarlane, Aileen Richards, and Luc Vandevelde have agreed to be appointed as non-executive directors of JDE Peet’s, the global coffee and tea powerhouse recently created through the combination of Peet’s Coffee and Jacobs Douwe Egberts. Appointments will follow in due course. In addition, JAB announced the appointment of Scott Gray as Chief Financial Officer of JDE Peet’s, effective February 24.
JDE Peet’s is the world’s largest pure-play coffee and tea group, serving about 130 billion cups of coffee and tea in 2019 in more than 100 countries in both developed and emerging markets. Through its portfolio of over 50 leading global, regional and local coffee and tea brands, JDE Peet’s offers an extensive range of high-quality and innovative coffee and tea products and solutions to serve consumer needs across markets, consumer preferences and price levels. JDE Peet’s established brand portfolio is the largest in the coffee and tea industry, and includes Peet’s, Jacobs, L’OR, Senseo, Tassimo and TiOra, Douwe Egberts, Stumptown, Super, Pilão, OldTown, Moccona, Mighty Leaf and Pickwick as well as Maison du Café in France, Marcilla in Spain, Harris in Australia and Bravo in Greece.
“At JAB, we believe in world-class governance and board expertise across industries and geographies. The attractiveness of JDE Peet’s as a business is demonstrated by our ability to welcome highly qualified individuals who have agreed to be appointed as non-executive directors of the business,” says Olivier Goudet, JAB Investors’ Managing Partner and Chief Executive Officer.
Casey Keller, Chief Executive Officer of JDE Peet’s, in commenting on the appointment of Scott Gray as CFO for JDE Peet’s, says, “Scott’s experience with the capital markets and in managing global financial operations make him the ideal executive to lead the JDE Peet’s finance operation. I look forward to working closely with Scott and know that his financial leadership will be invaluable as JDE Peet’s continues to evolve and grow.”
Gray spent more than a decade in finance roles at Anheuser-Busch InBev (ABInBev), most recently as Vice President, Global Treasury and Risk Management. In this position, Gray led ABInBev’s global treasury organization with responsibilities that included capital structure, funding, currency, commodity, equity and interest rate exposure, pensions, insurance, bank relations, fixed-income investor relations, and rating agency relations.
