Exactly two weeks after going private, Peet’s Coffee & Tea has announced that Dave Burwick will be taking over for Patrick O’Dea as president and CEO. O’Dea has held the positions for the past 10 years.
Burwick most recently served as President of North America for Weight Watchers International, after holding numerous executive roles over 20 years at PepsiCo.
“Peet’s is extremely fortunate to have been led by Pat these last ten years,” Olivier Goudet, chairman of Peet’s board of directors, said in a press release. “The company is very well positioned for the future, and we look forward to Pat’s continued contribution as a member of the board.”
Joh. A. Benckiser (JAB), a German investment company with holdings in numerous health and beauty products companies, acquired Peet’s for approximately $1 billion earlier this year, and Peet’s officially went private on Oct. 30.