leadership
confidence high
sentiment neutral
materiality 0.75
Kraft Heinz names Steve Cahillane CEO; Carlos Abrams-Rivera departs; John Cahill becomes Board Chair
Kraft Heinz Co
- Steve Cahillane, former Kellanova CEO, appointed Kraft Heinz CEO effective Jan 1, 2026; will also lead Global Taste Elevation Co. post-separation.
- Carlos Abrams-Rivera steps down as CEO on Jan 1, 2026, serves as advisor until March 6, 2026; entered separation agreement.
- Miguel Patricio resigns as Executive Chair effective Jan 1, 2026, remains on board; John T. Cahill becomes Chair.
- Cahillane receives $1.4M base salary, 225% target bonus, $9M annual equity target, and $11M sign-on equity award.
- Board will search for CEO to lead North American Grocery Co. following planned separation into two public companies.