The Kraft Heinz Company announced the appointment of Steve Cahillane as the new Chief Executive Officer, effective January 1, 2026. Cahillane will also join the company's board of directors and lead the Global Taste Elevation Co. following the planned separation into two independent, publicly traded companies. This separation, announced in September 2025, will result in the creation of Global Taste Elevation Co. and North American Grocery Co.
Cahillane brings extensive industry experience, having previously served as Chairman, President, and CEO of Kellanova until its recent acquisition by Mars, Incorporated. During his tenure, he oversaw transformative growth and the expansion of the company's global brand portfolio. His appointment follows the departure of Carlos Abrams-Rivera, who will serve as an advisor to the company until March 6, 2026, to ensure a seamless leadership transition.
The company also announced a change in its board leadership, with John T. Cahill succeeding Miguel Patricio as board chair as part of the transition. Additionally, a global search will be initiated for a CEO to lead North American Grocery Co.
The planned separation is intended to maximize Kraft Heinz's capabilities and brands while reducing complexity, allowing both new companies to more effectively deploy resources toward their distinct strategic priorities. The transaction is expected to close in the second half of 2026, subject to customary conditions and final approval by the Kraft Heinz board of directors.
Kraft Heinz, with 2024 net sales of approximately $26 billion, is committed to growing its iconic and emerging food and beverage brands on a global scale. The company aims to make a sustainable, ethical impact while helping feed the world in healthy, responsible ways.
Cahillane's appointment comes at a pivotal and exciting time for Kraft Heinz, as the company looks forward to the planned separation and the opportunities it presents for both new entities. The market has reacted to these announcements by moving the company's shares 0.63% to a price of $24.655. For more information, read the company's full 8-K submission here.
