Kraft Heinz to separate into two public companies via tax-free spin-off

Kraft Heinz Co

CEO Carlos Abrams-Rivera will become CEO of North American Grocery Co. upon completion.
Miguel Patricio appointed Executive Chair to oversee separation process.
Separation Committee formed led by Vice Chair John Cahill.
Transaction expected to close in second half of 2026 with up to $300M dis-synergies.
Dividend level expected to be maintained; investment-grade ratings targeted for both firms.

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