The CFO of Dr Pepper Snapple Group has decided to take early retirement.

John Stewart, who also holds the post of executive vice president, will step down at the end of March next year, the company announced today (27 October).

Dr Pepper Snapple Group (DPSG) said it will conduct an external search for his replacement, with Stewart set to help in his successor's transition.

"John has played a critical role in our successful business transformation from a subsidiary to a publicly traded company," said DPSG's president and CEO, Larry Young. "He has built a strong and highly effective finance and IT organization and has led significant improvements in our systems and controls. All of us at Dr Pepper Snapple thank John for his lasting contributions to our great business."

Stewart, 51, has held the post since November 2006. Prior to joining the company, he was senior vice president and CFO at Diageo North America.