Kraft Heinz pauses work to split the company as new CEO says 'challenges are fixable'

Kraft Heinz announced plans to split into two separately traded companies, reversing its 2015 megamerger, which was orchestrated by billionaire investor Warren Buffett.Kraft Heinz on Wednesday said that it is pausing work on its previously announced plans to split the company. CEO Steve Cahillane, who joined Kraft Heinz in January, said in a statement that many of the company's issues are "fixable and within our control.""My number one priority is returning the business to profitable growth, which will requ ...