IR shake-up at Dr Pepper Snapple
Dr Pepper Snapple Group (DPS) – the company behind brands including 7UP, Canada Dry, Schweppes and Sunkist – has named a new head for its investor relations team.
Heather Catelotti will assume all responsibility for DPS’ investor relations after serving for three years as a director in the IR team. She has served for almost 10 years at the Plano, Texas-based drinks company, including three years as director of finance for DPS’ beverage concentrates division.
Prior to that, she spent seven years in varying commercial finance roles at US personal care product manufacturer Playtex. She is a graduate of Fairfield University, where she earned a finance and marketing degree.
Catelotti’s predecessor as vice president of investor relations, Carolyn Ross, is to take up a new role as senior vice president of strategy and innovation. Ross has held the head of IR role since being promoted in 2011, after handling day-to-day IR duties since 2009.
As head of IR, Catelotti will report directly to group CFO Marty Ellen, who describes the new head of IR as being ‘instrumental in the success of our investor relations function over the past two and a half years.’
He goes on to praise Catelotti’s ‘strong analytical skills and understanding of our business and key industry relationships’ in a press release announcing her appointment. Ross, meanwhile, will be well equipped to head up her new department. ‘With a previous background in marketing finance and marketing return analytics, we know she’s the right person to lead our growth strategies, innovation and commercial planning efforts,’ he concludes.