Dr Pepper Snapple Group (DPS) Hires New CFO

Dr Pepper Snapple Group, Inc (NYSE: DPS) announced late Tuesday that Martin M. Ellen will become the beverage company's Chief Financial Officer and Executive Vice President

Mr. Ellen comes to Dr Pepper Snapple Group after nearly 8 years serving as the Senior Vice President of Finance and Chief Financial Officer at tool and equipment maker Snap-on, Inc. (NYSE: SNA).

Mr. Ellen is said to have a great deal of experience in finance, franchising and operations.