Kraft Heinz Pauses Planned Company Split as New CEO Prioritizes Growth
CEO Steve Cahillane has paused the planned separation of Kraft Heinz to fix internal issues. The company will invest $600 million to drive its U.S. recovery.
Insights:
The Kraft Heinz Company has paused ongoing work to split the company into two separate businesses, a move announced on February 11 by newly installed CEO Steve Cahillane. The decision halts planned separation activities for the groceries business (planned spin-off) and the sauces and spreads business (planned spin-off) as management redirects resources toward returning to profitable growth. This decision redirects capital and operational focus, including a $600 million marketing and research investment in the United States 
US, which directly affects the U.S. business.
US, which directly affects the U.S. business.
