Kraft Heinz Picks New CEO Ahead of Split

Kraft Heinz KHC 0.73%increase; green up pointing triangle is replacing its chief executive after a tumultuous period that culminated in the decision to break up the company.

The food conglomerate said that Steve Cahillane, a veteran industry executive and former Kellanova CEO, will take over the top role at Kraft Heinz, on Jan. 1. Carlos Abrams-Rivera, Kraft Heinz’s CEO since the start of 2024, will step down and serve as an adviser to the company until March 6.