The Kraft Heinz Company

Kraft Heinz, which owns food brands such as Oscar Mayer and Kraft Heinz, announced that former Kellanova snack maker CEO Steve Cahillane will become its CEO on January 1, 2026. This position he will take before the planned division of the company, <a href="https://www.cnbc.com/2025/12/16/kraft-heinz-steve-cahillane-ceo-breakup.html">writes</a> CNBC.

Kraft Heinz has picked a new CEO ahead of a business split. What about the stock?

Kraft Heinz will split into two publicly traded businesses ten years after the mega-merger: the companies will have temporary names Global Taste Elevation Co (notional Heinz) and North American Grocery Co (notional Kraft).

business division