Overview

• One unit, currently called Global Taste Elevation Co., will center on sauces, spreads and seasonings and include brands such as Heinz, Philadelphia and Kraft Mac & Cheese.
• The second, called North American Grocery Co., will house grocery staples including Oscar Mayer, Kraft Singles and Lunchables, with Carlos Abrams-Rivera set to lead it after the separation.
• Kraft Heinz expects to complete the separation in the second half of 2026 and estimates up to $300 million in separation costs.
• Shares fell roughly 5% to 7% on Tuesday after the announcement, as major shareholder Warren Buffett told CNBC he was disappointed with the plan.
• Executive chair Miguel Patricio said the current structure hampers effective capital allocation, reflecting a broader corporate restructuring trend seen at Kellogg and Keurig Dr Pepper.