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Kraft Heinz announce ongoing evaluation of strategic transactions to unlock shareholder value
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Saturday, 24 May, 2025, 16 : 00 PM [IST]
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Pittsburgh & Chicago, USA
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The Kraft Heinz company announced that the company’s board of directors and executive leadership team have been evaluating potential strategic transactions to unlock shareholder value.
Carlos Abrams-Rivera, CEO, Kraft Heinz, said, “At Kraft Heinz, our goal has always been to make high-quality, great-tasting food for all and to keep consumers at the forefront of all we do, enabling us to drive profitable long-term growth and value creation. Consistent with this goal, over the past several months we have been evaluating potential strategic transactions to unlock shareholder value. As we look to the future, we will continue to inspire and delight consumers with our iconic brands, fulfilling our mission.”
The company announced that Berkshire Hathaway Inc., has informed the company that consistent with its other non-controlled investments, it will no longer hold board seats. As such, Timothy Kenesey and Alicia Knapp have stepped down from the board due to their relationship with the brand. With these changes, the company has reduced the size of its board to ten members.
Miguel Patricio, chair of the board of Kraft Heinz, said, “On behalf of the Board, I’d like to thank Tim and Alicia for their commitment and contributions to Kraft Heinz over the years. We greatly value our strong history with Berkshire Hathaway and look forward to continuing our relationship.”
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