Dr Pepper Snapple Group names new CFO

PLANO, Texas Martin Ellen, SVP and CFO of Snap-on, will be stepping into a new role at one of world's largest beverage producers.

Ellen will be responsible for the company's finance and IT organizations as EVP and CFO at the Dr Pepper Snapple Group, and will report to DPS president and CEO Larry Young. Ellen will succeed current  CFO John Stewart, who announced his plans to retire on March 31.

"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's position as the industry leader in flavored beverages," Young said. "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 holds a bachelor of science degree in accounting from the University of Illinois and a master's in business administration from the J.L. Kellogg Graduate School of Management at Northwestern University, where he currently serves on the alumni advisory board. He is a certified public accountant.