分拆前换帅，卡夫亨氏谋变

Core Viewpoint - Kraft Heinz is undergoing management changes to facilitate its split into two independent publicly traded companies, with Steve Cahillane appointed as CEO effective January 1, 2026 [2][4]. Group 1: Management Changes - Steve Cahillane has been appointed as the new CEO and will also join the board, taking charge of the "Global Taste Elevation Co." post-split [2]. - Carlos Abrams-Rivera, the current CEO of North American Grocery Co., will step down on January 1, 2026, and will serve as a consultant until March 6, 2026 [2]. - The board has initiated a global search for a new CEO for North American Grocery Co. [2]. Group 2: Split Plan - Kraft Heinz plans to split into two independent companies by September 2025, focusing on North American grocery and global flavor enhancement [4]. - The North American Grocery Co. is projected to have sales of approximately $10.4 billion in 2024, while the Global Taste Elevation Co. is expected to generate around $15.4 billion in sales [4]. - The split aims to simplify the business structure and enhance brand resource allocation and profitability in response to ongoing performance pressures and industry changes [4]. Group 3: Steve Cahillane's Background - Steve Cahillane has over 30 years of experience in the fast-moving consumer goods sector, previously serving as CEO of Kellanova, where he led a significant business split and a $35.9 billion sale to Mars [3]. - His past roles include leadership positions at Natural Balance, Coca-Cola, and Anheuser-Busch, indicating a strong background in capital operations [3]. Group 4: Financial Performance and Market Context - Kraft Heinz reported revenues of $18.588 billion for the first three quarters of 2025, a year-over-year decline of 3.54%, with a net loss of $6.497 billion [6]. - The company has adjusted its full-year guidance, projecting organic net sales to decline by 3% to 3.5% [6]. - The performance has been impacted by declining revenues in the Indonesian market and ongoing pressures in the U.S. retail sector [6]. Group 5: Future Outlook - Analysts speculate that the split may lead to potential acquisition opportunities for the newly formed entities, similar to past cases in the industry [5]. - The restructuring may incur short-term costs but is expected to enhance operational efficiency and reduce costs in the long term [7]. - The new management is anticipated to bring fresh strategies that could drive performance improvement and enhance market presence [7].