Kraft Heinz picks Steve Cahillane as new CEO

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]