Kraft Heinz's CEO is the latest victim of Big Food’s exodus of leaders [CNBC]
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Source: CNBC
Kraft Heinz's CEO is the latest victim of Big Food’s exodus of leaders David A. Grogan | CNBC Bernardo Hees, CEO, Kraft Heinz Kraft Heinz's Hees is the latest CEO to announce his exit The parade of departures includes Kellogg' Mondelez International Campbell Soup The longest-tenured food company CEO is Joe Sanderson, the third-generation leader of poultry company Sanderson Farms Irwin Simon, the founder and chief of Hain Celestial Group Now, Sean Connolly, Conagra's The CEO merry-go-round underscores the challenges iconic food brands are facing. These grocery store staples are struggling to create growth in the face of upstart rivals, rapidly changing consumer trends and their own slower-paced cultures. If they want to buy growth, there are limited and expensive options. These executives are also victims of their predecessors' successes. The scale that once gave CEOs power at the grocery store and yielded cost savings now makes it harder to casually shift away from legacy businesses.
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