Larry Young is president and chief executive officer for Dr Pepper Snapple Group, Inc. (NYSE: DPS), one of the world's leading beverage companies.
Larry was named president and chief executive officer in October 2007 after serving as president and chief operating officer for the company's Bottling Group division and led the spinoff of Dr Pepper Snapple Group from Cadbury Schweppes plc in May 2008.
Larry joined the company in April 2006 through its full acquisition of Dr Pepper/Seven Up Bottling Group, where he had been president and CEO since 2005. As head of operations, he played a central role in helping to create a new business model for a fully integrated beverage company.
By integrating the Bottling Group and several other independent bottling businesses into DPS, the company now has a more reliable, sustainable and secure route to market. This has allowed the company to protect its brand equity and improve customer relations through better control of its products from innovation to the store shelf. As a result, DPS can more effectively deliver those brands, with direct access to more than 230 million consumers in 34 states.
In his 30-year career, Larry has produced and sold virtually every type of beverage in the Americas and across Europe and Russia. He previously served more than 25 years in the Pepsi system, most recently with PepsiAmericas and before that with Pepsi-Cola General Bottlers, where he began on a route truck and worked his way to President and Chief Operating Officer.
In 2008, Larry was appointed chairman of the board of the American Beverage Association and inducted into the Beverage World Soft Drink Hall of Fame. He and his wife, Colette, live in Dallas and are both natives of Springfield, Mo.
Dr Pepper Snapple Group Inc. (formerly Cadbury Schweppes Americas Beverages) is an American soft drink company, based in Plano, Texas. On May 5, 2008, it was spun off from Britain's Cadbury Schweppes, with trading in its shares starting on May 7, 2008. Cadbury Schweppes plc went on to become Cadbury plc on May 5, 2008.