Michael Van de Ven has served as executive advisor to Southwest Airlines Co., a major airline, since January 2023, prior to which time he was Southwest's President from September 2021 to December 2022 and its Chief Operating Officer from May 2008 to December 2022. He has been a member of KDP's Board since April 2025. Mr. Van de Ven joined Southwest in 1993 and held positions of increasing responsibility with the airline, including within the internal audit, financial planning and analysis, fleet planning, aircraft operations and schedule planning areas. Prior to joining Southwest, he also served as senior audit manager for Ernst & Young LLP for nine years ending in 1993. Mr. Van de Ven currently serves on the Board of Fifth Third Bancorp and previously served on the Board of Comerica Incorporated prior to its acquisition. He holds a bachelor's degree in Accounting from the University of Texas at Austin and is a licensed Certified Public Accountant. Qualifications: Mr. Van de Ven brings to the Board a broad range of extensive business management experience, including mergers and acquisitions, a strong background in risk management and corporate governance, logistics and network operations, customer services, international expansion, safety management systems and running large, complex and highly regulated operations. He has financial acumen developed through his executive experience and his experience as a Certified Public Accountant.