Kraft Heinz said Wednesday it’s pausing its plans to split into two companies
ByDEE-ANN DURBIN AP business writer
February 11, 2026, 9: 36 AM
Kraft Heinz 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 are focused on profitable growth.
“I have seen that the opportunity is larger than expected and that many of our challenges are fixable and within our control,” Cahillane said in a statement.
The company’s shares dropped 5.2% in early trading Wednesday as Kraft Heinz reported lower quarterly and annual results.
Kraft Heinz announced in September it was splitting into two companies a decade after a merger of the brands created one of the biggest food manufacturers on the pl