Kraft Heinz appoints Carlos Abrams-Rivera as CEO effective Jan 1, 2024; Patricio becomes Non-Executive Chair

Kraft Heinz Co

Carlos Abrams-Rivera appointed President effective Aug 8, 2023, and CEO and Board member effective Jan 1, 2024.
Current CEO Miguel Patricio will transition to Non-Executive Chair of the Board on Jan 1, 2024.
Abrams-Rivera has served as EVP and President, North America Zone since Dec 2021, overseeing U.S. and Canada operations.
CEO compensation: $1,100,000 base salary, 300% bonus target, $5,000,000 annual equity target (30% RSUs, 70% PSUs).
Abrams-Rivera also receives a special bonus in March 2024 equal to 20% of his 2023 actual bonus.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Carlos Abrams-Rivera

President

KHC · Kraft Heinz Co

Effective: 2023-08-08
Filed: August 14, 2023, 7:59 PM ET

appointed Carlos Abrams-Rivera as President of Kraft Heinz, effective immediately

Appointed

Carlos Abrams-Rivera

Chief Executive Officer and member of the Board

KHC · Kraft Heinz Co

Effective: 2024-01-01
Filed: August 14, 2023, 7:59 PM ET

and as Chief Executive Officer and a member of the Board of Kraft Heinz, effective January 1, 2024

Role change

Miguel Patricio

Non-Executive Chair of the Board

KHC · Kraft Heinz Co

Effective: 2024-01-01
Successor: Carlos Abrams-Rivera
Filed: August 14, 2023, 7:59 PM ET

Mr. Patricio will transition to the role of Non-Executive Chair of the Board on January 1, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Carlos Abrams-Rivera was appointed as President at Kraft Heinz Co.

Action: appointed
Role: President

Exact text from the filing

appointed Carlos Abrams-Rivera as President of Kraft Heinz, effective immediately

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Carlos Abrams-Rivera was appointed as Chief Executive Officer and member of the Board at Kraft Heinz Co.

Action: appointed
Role: Chief Executive Officer and member of the Board

Exact text from the filing

and as Chief Executive Officer and a member of the Board of Kraft Heinz, effective January 1, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Miguel Patricio changed role as Non-Executive Chair of the Board at Kraft Heinz Co.

Action: transitioned
Role: Non-Executive Chair of the Board

Exact text from the filing

Mr. Patricio will transition to the role of Non-Executive Chair of the Board on January 1, 2024

View on SEC.gov

Kraft Heinz Co filing history →

Source: SEC EDGAR

accession 0001193125-23-211537

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