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Carlos Abrams-Rivera

Carlos Abrams-Rivera

Former CEO, The Kraft Heinz Company

Appears in 1 story

Stories

Kraft Heinz cancels split, bets on internal turnaround

Money Moves

Departed at end of 2025 after roughly two years in the role

Since the 2015 Kraft-Heinz merger, the company has been a cautionary tale: shrinking sales, falling market share, a $15 billion writedown, a stock down roughly 70%. The board approved a tax-free two-company split in September 2025. Five months later, a new CEO scrapped that plan and bet $600 million on fixing the company instead.

Updated May 31