PLANO, Texas — Martin Ellen has been named executive vice president and chief financial officer at Dr. Pepper Snapple Group Inc.
The beverage company said this week that Ellen, 56, is slated to start in the position on April 1. He succeeds John Stewart, who last year announced his plans to retire on March 31, 2010.
In addition to his strong background in finance, Ellen brings considerable experience in franchising, operations and the beverage industry, according to Dr. Pepper Snapple. He joins the company after almost eight years as senior vice president of finance and CFO at Snap-on Inc., a manufacturer and marketer of tools, diagnostics, equipment, software and service solutions for professional users.
At Dr. Pepper Snapple, Ellen will be responsible for the company’s finance and IT organizations and will report to Larry Young, president and chief executive officer.
"Marty’s extensive public company experience and involvement in strategy and operations, as well as finance, will bring valuable perspective to our executive leadership team as we continue to build on DPS’ position as the industry leader in flavored beverages," Young said in a statement. "I am grateful for John’s many contributions to our business and look forward to working with Marty to take our young company to the next level of financial and operating success."
Ellen has over 25 years of experience serving as CFO with companies in the manufacturing, distribution, franchising and services industries, including Whitman Corp., which then owned Pepsi Cola General Bottlers Inc. While at Whitman, Ellen was instrumental in developing and executing strategy, which included realigning and expanding Pepsi bottling territories in the United States and central Europe, according to Dr. Pepper Snapple.
Besides its namesake products, Dr. Pepper Snapple’s brands include Sunkist, 7UP, A&W, Canada Dry, Crush, Mott’s, Squirt, Hawaiian Punch, Penafiel, Clamato, Schweppes, Venom Energy, Rose’s and Mr. & Mrs. T mixers.