Kraft Heinz Announces Leadership Overhaul Ahead of Planned Split
Kraft Heinz is shaking up its executive team as it prepares to divide into two separate publicly traded companies next year. Steve Cahillane, former CEO of Kellanova, will take the helm as CEO of the newly formed Global Taste Elevation Co., which will house the company's sauces and spreads businesses. Current CEO Carlos Abrams-Rivera will step down in January but remain as an adviser until March.
The North American Grocery Co., the other entity resulting from the split, will undergo a global search for its new leader. This restructuring marks a significant shift for Kraft Heinz, undoing a decade-old merger and reshaping its future trajectory. Investors are watching closely as these changes could redefine the company's market value and strategic direction.
