Kraft Heinz (NASDAQ:) Co. has announced a major leadership change, along with a restructuring of its international business division, as revealed during the company’s 3Q earnings report call on Friday. The changes, set to take effect from fiscal year 2024, will see the company’s international business split into three distinct zones: Europe/Pacific developed markets, west/east emerging markets, and Asia emerging markets.
The leadership reshuffle will see Pedro Navio, who joined Kraft Heinz in 2017 after serving as Red Bull’s Latin America CEO, stepping up to succeed Carlos Abrams-Rivera as executive vice president and president for North America. Abrams-Rivera is set to become the company’s CEO, taking over from Miguel Pa…
Read the full article at: https://au.investing.com/news/stock-market-news/kraft-heinz-announces-leadership-reshuffle-and-business-division-restructure-93CH-3026611