The departure of the CEO of Dr. Pepper is added this week to the departure of Michelle Gass from Kohl’s.
An EQS Group study measured the cost of violations of company codes of conduct.
The CEO of drpepper lost his job after it was found that he violated the code of conduct of one of the flagship brands in the beverage market that is led by Coke.
Ozan Dokmecioglu came to Keurig Dr Pepper in July 2022 and before the end of the year he resigned from his job, for failing the company’s strategy, its operations or financial reports, as the group argued after the departure of the top manager, with which Bob Gamgort reaches the position of new account, since he had left the position to become executive chairman.
When Dokmecioglu became CEO of Dr Pepper in July 2022, Gamgort called his arrival a strategic move, coming to the role with a talented team and a thoughtful transition plan.
Dokmecioglu was part of Keuring Green Mountain before the deal, where the group paid close to $19 billion for Dr Pepper and Snapple.
The departure of the company in the last quarter of the year, of Dokmecioglu, overlaps with the already announced departure of the president of KDP Cold Beverages, Derek Hopkinswho announced that he would be leaving to spend time with his family and attend to personal activities.
With this movement, the importance of a code of conduct is clear and in fact there are studies that warn how important it is in the destiny of companies and the role it plays in corporate governance.
“Research co-authored by the Graubünden University of Applied Sciences surveyed 1,300 companies in Germany, the UK, France and Switzerland to find that around a third of them reported misconduct, defined as illegal or unlawful actions. ethical, for example, the falsification of financial documents, data or the selective exploitation of differences in international legislation. About one in five companies in the survey said the misconduct had cost them more than $11,600, and about one in ten said they lost more than $115,000. )”, he explained. Katharina Buchholzanalyst of Statistical.
The study to which he refers is one carried out by EQS Group, where it is noted that of four countries evaluated (Germany, United Kingdom, France and Switzerland) in Germany the highest rate of companies affected by bad drivers and losses caused by the actions of the employees.
This week other corporate changes were registered, such as the departure of Michelle Gass from Kohl’s, a chain of stores where complaints within the corporate questioned the results and performance of Gass, who is about to be the new CEO of Levi’s in the next 18 months.