Kraft Heinz hires ex-Kellanova chief as new CEO

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]