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Kraft Heinz names former Kellogg CEO to helm Chicago packaged-food giant ahead of planned split next year [Yahoo! Finance]
Last the kraft heinz company earnings: 4/30 07:05 am
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US:NASDAQ Investor Relations: ir.kraftheinzcompany.com/overview
Cahillane most recently served as chairman and CEO of Kellanova, the Chicago-based snack foods spinoff from cereal-maker Kellogg, which was acquired by Mars in a $36 billion deal that closed last week. The announcement Tuesday comes at a pivotal time for Kraft Heinz, and brings in a longtime food industry leader who successfully guided Kellogg through its 2023 spinoff, an experience that will likely come in handy in his new role. “I'll take over the entirety of the business and focus on delivering a 2026 operating plan, while at the same time executing the split of the companies, very similar to what I just did at Kellogg,” Cahillane said Tuesday. Cahillane left Kellanova when the Mars deal closed Thursday. He told the Tribune he is “taking the rest of the year off” before joining Kraft Heinz in January. Current CEO Carlos Abrams-Rivera will then step down and transition to an advisory role. Formed by the 2015 megamerger of Chicago-based Kraft Foods and Pittsburgh-based Heinz
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- The Kraft Heinz Company: Why Its Deep Discount Is Entirely Warranted [Seeking Alpha][Seeking Alpha]
- Kraft Heinz announces new CEO, new split company names [Yahoo! Finance][Yahoo! Finance]
- Kraft Heinz taps former Kellogg chief as its CEO as it prepares to split into 2 companies [Yahoo! Finance][Yahoo! Finance]
- Meet the top female execs who are poised to take over the Fortune 500 [Fortune][Fortune]
- Kraft Heinz names new CEO ahead of major split [FOX Business Network][FOX Business Network]
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