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Steve Cahillane

Steve Cahillane

Chairman and CEO, The Kraft Heinz Company

Appears in 3 stories

Notable Quotes

"The challenges are fixable." — February 11, 2026, on canceling the split

"The investments we made in 2025 are now driving early traction, with improving market share trends, particularly within must-win parts of our portfolio like Taste Elevation." — Q1 2026 earnings call

This combination will bring together two purpose‑driven and principles‑led companies. (Kellanova regulatory approval statement)

Stories

Kraft Heinz cancels split, bets on internal turnaround

Money Moves

Four months into the role, posting first measurable wins

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

Mars takes Kellanova private, creating a $36 billion snack supergiant

Money Moves

Left Kellanova on January 1, 2026 to become CEO of Kraft Heinz; will lead that company through its planned 2026 split into two independent publicly traded companies.

The company behind M&M's and Snickers just swallowed Pringles, Cheez-It and Pop-Tarts. Mars closed its $35.9 billion all-cash acquisition of Kellanov in December 2025, taking the Kellogg snack spin-off private and rolling its brands into an enlarged Mars Snacking empire. In early 2026, the combined company is moving quickly—industry analysts predict aggressive innovation in flavor mashups (think Pringles-branded candy bars or Cheez-It M&M's), alongside dual-branded marketing campaigns already planned for 2026.

Updated May 11

Private equity moves in: alternative asset giants remake the S&P 500

Money Moves

Former Chairman and CEO of Kellanova; transaction completed December 11, 2025

Before the market opened on December 11, Ares Management — a private-credit powerhouse with nearly $600 billion under management — slid into the S&P 500, replacing Kellanov. Kellanov completed its $35.9 billion sale to Mars that day.

Updated May 10