Leadership Transition Precedes Major Split at Kraft Heinz

Kraft Heinz is embarking on its most significant corporate overhaul since the 2015 merger that created it, beginning with a change at the top. The appointment of a new Chief Executive Officer, Steve Cahillane, effective January 1, 2026, is the first step in steering the company through a planned separation into two publicly traded entities. The strategic move aims to address a persistent valuation discount that has plagued the combined business.

Steve Cahillane, the former CEO of Kellanova—a company subsequently acquired by Mars—will assume the CEO role from Carlos Abrams-Rivera at the start of 2026. Abrams-Rivera will remain in an advisory capacity until early March to ensure a smooth transition. Cahillane, Read more...