Leadership and Strategy
Carlos Abrams-Rivera, Kraft Heinz’s current CEO, will take the helm of North American Grocery Co., while a global search is underway to find a leader for Global Taste Elevation Co.
In a statement, Abrams-Rivera emphasized that the restructuring represents the next step in a broader transformation:
“This move will unleash the power of our brands and unlock the potential of our business. It’s only possible thanks to the commitment of our 36,000 talented employees who deliver quality and value daily. We will continue to operate as ‘one Kraft Heinz’ throughout the separation process.”
Closing Timeline and Advisers
The transaction, subject to customary approvals, is expected to close in the second half of 2026.
Centerview Partners is serving as financial adviser, while Skadden’s team includes partners Brandon Van Dyke, Kyle Hatton, David Rievman, and Janine Jjingo. The Paul Weiss team is led by partners Stan Richards and Jeffrey D. Marell.
What It Means for Consumers and the Market
The restructuring signals a historic pivot for Kraft Heinz. By splitting into two focused giants — one global and sauce-driven, the other rooted in North American staples — the company is betting on sharper strategies to stay competitive in a crowded market.
For shoppers, it means the Heinz ketchup bottle, Kraft Singles, and Oscar Mayer hot dogs will remain household staples, but under a new corporate roof — proof that even century-old brands must evolve to survive.
