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Stock impact report

Kraft Heinz taps former Kellanova CEO to lead company ahead of breakup [CNBC]

The Kraft Heinz Company (KHC) 
Last the kraft heinz company earnings: 4/30 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: ir.kraftheinzcompany.com/overview
Company Research Source: CNBC
Kraft Heinz is planning to break up into two separate publicly traded companies by the second half of 2026. After the split, Cahillane will lead the business that will own high-growth brands like Heinz, Philadelphia and Kraft Mac & Cheese. In this article Kraft Heinz announced plans to split into two separately traded companies, reversing its 2015 megamerger, which was orchestrated by billionaire investor Warren Buffett. Justin Sullivan | Getty Images News | Getty Images Kraft Heinz on Tuesday announced that former Kellanova CEO Steve Cahillane will lead the company ahead of its planned split next year Cahillane will join the Oscar Mayer owner as chief executive on Jan. 1. After Kraft Heinz divides into two publicly traded companies, he will serve as CEO of the business it is calling Global Taste Elevation, which will include high-growth brands like Heinz, Philadelphia and Kraft Mac & Cheese. Cahillane previously led Kellogg through its own breakup in 2023. The company Show less Read more
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