nytimes.com

CEO Puts Kraft Heinz Breakup Plans on Hold After Just Six Weeks

Kraft Heinz logoKraft Heinz
Sig2.22Sen-1.73Env0.00Soc+0.28Gov+0.72

Kraft Heinz is under pressure from inflation-weary consumers, shifting snacking patterns tied to weight-loss drugs, and Wall Street’s weak view of the company. CEO Mr. Cahillane, who took over in January, previously led Kellogg’s split, but has now put Kraft Heinz’s breakup plans on hold, persuading the board to redirect the company’s 35,000 employees toward a new growth mission.

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