KraftHeinz said Wednesday it’s pausing its plans to split into two companies. Steve Cahillane, a former Kellogg Co. chief who became CEO of Kraft Heinz on Jan. 1, said he wants to ensure that all of the company’s resources ... .
Removal of Regulations for the JohnHeinzNeighborhoodDevelopment Program... This rule removes HUD's John Heinz Neighborhood Development Program regulations because the program has not been funded since 1998 and all grants have been closed out.
On Wednesday, KraftHeinz said it will pivot from the split and invest $600 million in marketing, sales and product development. [AP PHOTO/KEITH SRAKOCIC, FILE] ... .
KraftHeinz has halted efforts to split the company, in a surprise move that new CEOSteve Cahillane said was necessary due to deteriorating conditions in the food industry, though he called the challenges "fixable and within our control." ... .
CEOSteve Cahillane said that once the company’s investments and operating plan hopefully lead to improvement, KraftHeinz “will then be in a better position to make a decision regarding next steps for the separation.” ... .