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Kraft Heinz names new CEO ahead of major split

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1 day ago

The Kraft Heinz Co. announced on Tuesday that former Kellanova CEO Steve Cahillane will take over next year before the food giant splits into two separate publicly traded companies.   Cahillane will take over as CEO effective Jan. 1, succeeding Carlos Abrams-Rivera, who will still serve as an advisor to the company until March to ensure a seamless leadership transition. When the companies split later in the year, Cahillane will lead the business it's calling Global Taste Elevation. That company will oversee brands like Heinz, Philadelphia and Kraft Mac & Cheese.FEDERAL JURY AWARDS $17.7 MI...

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