Kraft Heinz taps Steve Cahillane as CEO ahead of breakup


Kraft Heinz announced plans to split into two separately traded companies, reversing its 2015 megamerger, which was orchestrated by billionaire investor Warren Buffett.

Justin Sullivan | Getty Images News | Getty Images

Kraft Heinz on Tuesday announced that former Kellanova CEO Steve Cahillane will lead the company ahead of its planned split next year.

Cahillane will join the Oscar Mayer owner as chief executive on Jan. 1. After Kraft Heinz divides into two publicly traded companies, he will serve as CEO of the business it is calling Global Taste Elevation, which will include high-growth brands like Heinz, Philadelphia and Kraft Mac & Cheese.

Cahillane previously led Kellogg through its own breakup in 2023. The company split its sluggish North American cereal business from its high-growth snacking unit, which was then renamed Kellanova. Cahillane stayed on as chief executive of Kellanova until Mars acquired the company for $35.9 billion.

Outgoing Kraft Heinz CEO Carlos Abrams-Rivera was originally tapped to lead the other company known as North American Grocery. However, he will now serve as an advisor through March 6. Abrams-Rivera has been chief executive of the food giant since 2024.

The Kraft Heinz board will initiate a search for a chief executive to lead the portfolio of grocery staples, which includes brands like Oscar Mayer and Kraft Singles.

As part of the transition, John Cahill, who served as CEO of Kraft during its merger with Heinz a decade ago, will succeed Miguel Patricio as chair of the board.

Kraft Heinz is projecting that the separation will happen in the second half of 2026. The company announced the breakup plans in September, following years of sluggish sales despite turnaround efforts. The split reverses much of the blockbuster $46 billion merger from a decade ago that created one of the biggest food companies in the world.

Kraft Heinz shares were slightly higher in premarket trading. The stock has fallen about 20% this year.

Programming note: Steve Cahillane will speak to CNBC’s “Squawk on the Street” at 10:10 a.m. on Tuesday.


Related Posts

Yum Brands (YUM) Q4 2025 earnings

A customer enters a Taco Bell restaurant in El Cerrito, California, US, on Tuesday, April 29, 2025. David Paul Morris | Bloomberg | Getty Images Yum Brands on Wednesday reported…

Eli Lilly (LLY) earnings Q4 2025

Eli Lilly and Company’s logo is displayed during a press conference in Houston, Texas, U.S., Sept. 23, 2025. Antranik Tavitian | Reuters Eli Lilly on Wednesday posted fourth-quarter earnings and…

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

Fortis Delhi gastroenterologist debunks myth that instant coffee causes cancer, shares how many cups to drink daily

  • By admin
  • February 5, 2026
  • 0 views
Fortis Delhi gastroenterologist debunks myth that instant coffee causes cancer, shares how many cups to drink daily

Winter Olympics 2026: Bruce Mouat and Jen Dodds get Team GB off to winning start

  • By admin
  • February 5, 2026
  • 0 views
Winter Olympics 2026: Bruce Mouat and Jen Dodds get Team GB off to winning start

What do you get when you put a mummy through a CT scan? | World News

  • By admin
  • February 5, 2026
  • 0 views
What do you get when you put a mummy through a CT scan? | World News

Malti was purple after premature birth, underwent 6 blood transfusions: Nick Jonas recalls doing 12-hour hospital shifts

  • By admin
  • February 5, 2026
  • 0 views
Malti was purple after premature birth, underwent 6 blood transfusions: Nick Jonas recalls doing 12-hour hospital shifts

‘Palash Muchhal and Smriti Mandhana were madly in love for 6 years,’ says actor who was present during cancelled wedding | Bollywood News

  • By admin
  • February 5, 2026
  • 0 views
‘Palash Muchhal and Smriti Mandhana were madly in love for 6 years,’ says actor who was present during cancelled wedding | Bollywood News

Can India find its ‘edge’ in edge AI? Experts weigh strategy to compete in global AI race | Technology News

  • By admin
  • February 5, 2026
  • 0 views
Can India find its ‘edge’ in edge AI? Experts weigh strategy to compete in global AI race | Technology News