The mac-and-cheese maker will initiate a $600 million turnaround strategy.
Packages of Kraft Macaroni & Cheese, a brand owned by The Kraft Heinz Co., in a store in Manhattan, New York, on Nov. 12, 2021. Andrew Kelly/Reuters
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Kraft Heinz is pausing plans to split into two companies as new CEO Steve Cahillane says its problems are “fixable and within our control.”
One month after joining the company, Cahillane stated that the objective is to return the packaged-foods maker to “profitable growth,” meaning it is “prudent to pause work related to the separation.”
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”
