Miguel Patricio, who served as CEO since 2019, is stepping down after leading the company through a series of cost-cutting measures.
Packaged foods giant Kraft Heinz said Carlos Abrams-Rivera, the company’s executive vice president and president of its North American business, will take over as chief executive Jan. 1.
Abrams-Rivera will succeed Miguel Patricio, who has been CEO since 2019. Abrams-Rivera, 56, will become president of the company effective immediately.“The transition from Miguel to Carlos reflects the board’s thoughtful succession planning and we are confident that the company will continue to accelerate growth with Carlos assuming the role of CEO,” said Jack Pope, lead director of the Kraft Heinz board, in a statement.
Abrams-Rivera said in a statement that he was “humbled and honored” to be appointed CEO. Abrams-Riverafrom the Campbell Soup Co., where he was executive vice president of Campbell Snacks. He had previously worked in numerous roles for Chicago-based Mondelez, including a stint as president of Mondelez Mexico. Abrams-Rivera started his food career as a senior brand manager at Kraft Foods Group.Patricio, 57, will become nonexecutive chair of the company’s board.
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