Kraft Heinz’s CEO Signed On for a Breakup. Now He Has a Plan to Keep It Together.
Kraft Heinz KHC 0.36%increase; green up pointing triangle is rethinking its breakup plan, and its new chief executive outlined a path to get the food giant growing again.
The ketchup and macaroni maker said Wednesday that it is pausing work on a planned split between its condiment and grocery-staples businesses. Instead, CEO Steve Cahillane said that he will focus on returning the business to growth in 2027, investing hundreds of millions of dollars in marketing and product development.
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