English
Français
Deutsch
Italiano
Português
Русский
Español
ไทย
Türkçe
简体中文
日本語
한국어
हिन्दी
Key takeaways
- Kraft Heinz has named Carlos Abrams-Rivera as its new CEO, with Miguel Patricio to move to a non-executive chairman role
- The company’s Q2 figures showed struggling sales despite raising prices
- Kraft Heinz’s share price has fallen 2.4% since the news emerged
Food giant Kraft Heinz has named a new CEO to guide the company through rough macroeconomic waters. Carlos Abrams-Rivera will take up the position in January, though he faces some tough challenges ahead.
With consumers cutting back on spending and opting for non-brand foods, plus a legacy merger that’s gone very wrong, it’s a tough break for any incoming CEO. Wall Street seemed to agree, but the company could orchestrate a turnaround still. Here’s the lowdown.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
