Kraft Heinz hits pause on plan to split up the company

Kraft Heinz said Wednesday that it would pause work related to its previously announced separation plan to focus on returning to profitable growth, with the company's chief executive declaring that many of its challenges “are fixable and within our control.” “When I decided to join Kraft Heinz, I knew that this was an exciting opportunity to contemporize iconic brands, better serve consumers and customers, and build meaningful shareholder value,” CEO Steve Cahillane, who took the reins last month, said in ...