Core Points - Kraft Heinz Co. announced that Steve Cahillane, former CEO of Kellanova, will become the new CEO effective January 1, succeeding Carlos Abrams-Rivera, who will remain as an advisor until March to ensure a smooth transition [1][4][9] - The company plans to split into two independent publicly traded entities, with Cahillane leading the Global Taste Elevation business, which will manage brands such as Heinz, Philadelphia, and Kraft Mac & Cheese [2][5] - The separation is projected to occur in the second half of 2026, aiming to create more focused organizations that can enhance brand management and profitability [4][5] Leadership Transition - Steve Cahillane's appointment is seen as a strategic move to leverage his experience, having successfully led Kellogg through a similar separation and brand expansion [9][10] - Carlos Abrams-Rivera will assist in the transition, ensuring continuity in leadership during this critical period [1] Business Strategy - The split will result in two distinct companies: Global Taste Elevation and North American Grocery, the latter overseeing brands like Oscar Mayer and Kraft Singles [5] - The goal of the separation is to reduce complexity and enhance the ability of each entity to compete effectively in the market [4][7]

Joining us now exclusively is [music] incoming Crowd Time CEO Steve Kaine. Steve, thank you so much for taking the time on this big announcement. It's good to see you. >> Good to see you, Sarah.Thanks for having me. >> So, why now. Why are you doing this.I mean, you you you you did the split at Kellogg, sold effectively both of those two companies could have could have rode off into the sunset. Why are you back for more. >> Yeah, I I could have, but this opportunity was just so exciting, Sarah.And when you ...

Core Viewpoint - Kraft Heinz has appointed Steve Cahillane, the former CEO of Kellogg, as its new CEO to lead the company's planned split [1] Group 1 - The appointment of Steve Cahillane is aimed at facilitating the strategic separation of Kraft Heinz's business units [1]

Core Viewpoint - Kraft Heinz has appointed Steve Cahillane as the new group CEO ahead of a planned business split scheduled for the first half of 2026 [1][4] Group 1: Leadership Changes - Steve Cahillane will assume the CEO position and a board seat on January 1, 2024, and will later lead Kraft Heinz's Global Taste Elevation Co. after the separation [1] - Carlos Abrams-Rivera, the current group CEO, will step down at the start of the new year but will remain as an adviser until March 6, 2024 [2] - Miguel Patricio, the former CEO, will be replaced as board chair by John Cahill, effective January 1, 2024 [3][5] Group 2: Strategic Outlook - Cahillane expressed confidence that the planned separation will enhance the company's competitive ability and unlock significant opportunities [4] - The search for a CEO to lead the North American Grocery Co. will commence following the leadership transition [2] Group 3: Background of New CEO - Cahillane was previously the president and CEO of Kellanova, which underwent a business split from Kellogg Co. in 2022-23 [3][6] - His prior experience includes leadership roles at Kellogg, The Nature's Bounty Co., The Coca-Cola Co., and AB InBev, positioning him as uniquely qualified for the CEO role at Kraft Heinz [6]

Leadership Change - Kraft Heinz is replacing its CEO after a tumultuous period [1] Strategic Decision - The decision to break up the company culminated the tumultuous period [1]

Core Insights - Kraft Heinz has appointed Steve Cahillane as its new CEO, which is a significant leadership change for the company [1] - This transition comes ahead of Kraft Heinz's plan to split into two independent public entities, indicating a strategic shift in its business model [1] Company Summary - The appointment of Steve Cahillane reflects the company's efforts to strengthen its leadership as it prepares for a major structural change [1] - The split into two independent entities suggests a focus on enhancing operational efficiency and potentially unlocking shareholder value [1]

格隆汇12月16日｜据华尔街日报，卡夫亨氏任命史蒂夫・卡希兰为下一任首席执行官，任职将于明年1 月1日生效。 ...

Core Viewpoint - Kraft Heinz is planning to split into two separately traded companies, reversing its 2015 merger orchestrated by Warren Buffett [1] Group 1: Leadership Changes - Steve Cahillane, former CEO of Kellanova, will become the CEO of Kraft Heinz on January 1, leading the company post-split [2] - Cahillane previously oversaw Kellogg's breakup in 2023, which separated its North American cereal business from its snacking unit [3] - Carlos Abrams-Rivera, the outgoing CEO, will transition to an advisory role until March 6 [3] Group 2: Company Structure Post-Split - The new entity, Global Taste Elevation, will include high-growth brands such as Heinz, Philadelphia, and Kraft Mac & Cheese [2] - Kraft Heinz is searching for a new CEO to lead the North American Grocery segment, which includes brands like Oscar Mayer and Kraft Singles [4] - John Cahill will succeed Miguel Patricio as chair of the board during this transition [4] Group 3: Timeline and Projections - The separation of Kraft Heinz into two publicly traded companies is projected to occur in the second half of 2026 [4]

Group 1 - Steve Cahillane is set to take over as the new leader of the company [1] - Carlos Abrams-Rivera, who became the company's leader in 2024, will step down in January [1]

Core Insights - The article discusses the leadership transition at Kraft Heinz, with Steve Cahillane appointed as CEO ahead of the company's planned split in 2026 [4][7] - The split aims to create two focused entities, reversing much of the $46 billion merger that formed Kraft Heinz a decade ago [5] Company Overview - Kraft Heinz has been facing challenges with declining sales as consumers shift away from processed foods and inflation affects spending habits [4] - The company is actively expanding key brands into new categories, such as introducing Philadelphia into cream cheese frosting and Crystal Light into hard seltzer [5] Leadership Transition - Steve Cahillane, previously CEO of Kellanova, will lead the new division called Global Taste Elevation, which is projected to generate $15 billion in sales [6][7] - The Global Taste Elevation division will focus on higher-growth brands including Heinz, Philadelphia, and Kraft Mac & Cheese [7] - Current CEO Carlos Abrams-Rivera will step down but remain as an adviser until March 6, 2026 [7]