Kraft Heinz Replaces CEO Ahead of Split Into Public Firms (2)

Kraft Heinz Co. named a new chief executive officer, with former Kellanova CEO Steve Cahillane set to take over from Carlos Abrams-Rivera on Jan. 1.

Cahillane had been CEO of Kellanova, the snack food company that was previously part of Kellogg, since 2017. Abrams-Rivera, who has been Kraft Heinz’s CEO for about two years, will serve as an adviser to the company until March 6, Kraft Heinz said in a statement.

The move follows a difficult period for Kraft Heinz, which said in September that it would split into two separate entities. The company’s stock has dropped about 6% ...