US EditionKraft Heinz picks Steve Cahillane as new CEO
Steve Cahillane will lead Kraft Heinz's split into Global Taste Elevation and North American Grocery to address weak growth and simplify operations amid sluggish sales.
- On Tuesday, Kraft Heinz named Steve Cahillane, former Kellanova CEO, to lead the company and start as chief executive on Jan. 1.
- The split reverses the 2015 megamerger driven by Warren Buffett's Berkshire Hathaway and 3G Capital, after investor enthusiasm waned amid a 36% dividend cut and a $15.4 billion write-down.
- Cahillane brings experience: he led Kellogg's breakup in 2023 and remained Kellanova CEO until Mars acquired it for $35.9 billion; Global Taste Elevation includes Heinz, Philadelphia, Kraft Mac & Cheese with $15.4 billion in 2024 net sales.
- As part of the transition, Carlos Abrams‑Rivera, current Kraft Heinz CEO, will serve as an advisor through March 6 while the board initiates a search for a North American Grocery CEO and John Cahill succeeds Miguel Patricio as chair.
- This move follows the industry trend of breakups, with Kraft Heinz projecting the separation to close in the second half of 2026, like Keurig Dr Pepper and Kellogg/Kellanova.
38 Articles
38 Articles
Kraft Heinz gets new CEO with longtime Chicago ties
Chicago-based Kraft Heinz announced Tuesday that Steve Cahillane will lead the global food company.Cahillane, who previously served as CEO of Chicago-based Kellanova, will become CEO Jan. 1 and will join the company's board of directors, according to Kraft Heinz.The announcement comes three months after the company said it would be splitting into two independent, publicly traded companies. The separation is expected to be completed in the second…
Chicago Tribune
The spokesman-ReviewKraft Heinz names former Kellogg CEO to helm Chicago packaged food giant ahead of planned split next year
Open the article to view the coverage from Chicago Tribune
Kraft Heinz gets a new CEO ahead of company split: Can Steve Cahillane turn around the ailing food giant?
Kraft Heinz announced on Tuesday that new CEO Steve Cahillane will join the food giant to help steer its split into two companies. The former head of Kellanova joins the ailing food giant after years of declining sales and slow growth, and as shares are down 75% since 2017. In 2026, the company will split into two independent, publicly traded companies—Global Taste Elevation Co. and North American Grocery Co.—with the first one focused on condim…
Ticker: Kraft Heinz taps former Kellogg chief as its CEO; The US gained 64,000 jobs in November but lost 105,000 in October
The former CEO of the Kellogg Co. has been tapped to lead Kraft Heinz as it prepares to split into two companies. Kraft Heinz said Tuesday that Steve Cahillane will serve as CEO starting Jan. 1. Once Kraft Heinz becomes two companies – which is expected to happen in the second half of next year – Cahillane will become the CEO of what is currently called Global Taste Elevation Co. That company will house some of Kraft Heinz’s biggest sellers, inc…
Coverage Details
Bias Distribution
- 53% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
