Dr Pepper Snapple Group (DPS) has appointed Martin Ellen as executive vice president and chief financial officer (CFO) as of 1 April 2010. In addition to his strong background in finance, Ellen brings considerable experience in franchising, operations and the beverage industry.
At DPS, he will be responsible for the company’s finance and IT organisations and will report to Larry Young, president and chief executive officer (CEO). He will succeed John Stewart, who is retiring.
Ellen will join DPS following almost eight years as senior vice president – finance and CFO of Snap-on, a US$2.4bn global innovator, manufacturer and marketer of tools, diagnostics, equipment, software and service solutions for professional users. He has over 25 years of broad experience serving as CFO with companies in the manufacturing, distribution, franchising and services industries, including Whitman Corporation, which then owned Pepsi Cola General Bottlers. While at Whitman, Ellen was instrumental in developing and executing strategy, which included realigning and expanding Pepsi bottling territories in the US and central Europe. He began his career with the international accounting firm PricewaterhouseCoopers (PwC) in Chicago.
Ellen holds a BSc degree in accounting from the University of Illinois and a MBA from the JL Kellogg Graduate School of Management at Northwestern University, where he currently serves on the alumni advisory board. He is a certified public accountant (CPA).
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