General Mills' stock sold off heavily this year, raising its dividend yield. Shares in Kraft Heinz, despite their chronic underperformance, may deliver stronger gains in the coming year, thanks to an upcoming corporate divestiture.
Kraft Heinz announced on Tuesday that new CEO Steve Cahillane will join the food giant to help steer its split into two companies. The former head of Kellanova joins the ailing food giant after years of declining sales and slow growth, and as shares are down 75% since 2017.
Kraft Heinz is changing its leadership as it moves ahead with plans to break itself into two companies, ending a turbulent chapter marked by falling sales and investor frustration. The food conglomerate said Steve Cahillane, a veteran consumer goods executive and former chief executive of Kellanova, will become chief executive of Kraft Heinz from Jan.
Kraft Heinz Co (NASDAQ:KHC, XETRA:KHNZ) has announced the appointment of Steve Cahillane as CEO as the packaged foods giant prepares to split into two companies. Cahillane will also join the company's board and serve as CEO of Global Taste Elevation, one of the two new companies resulting from Kraft Heinz's planned separation into independent, publicly traded entities.
Kraft Heinz named former Kellanova CEO Steve Cahillane as its new chief executive starting January 2026, as the food giant prepares to split into two separate publicly traded companies.
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