Kraft Heinz Co. announced this week it will combine the company's U.S. and Canada businesses to create a North America zone, expected to be in effect in the second fiscal quarter of 2022.
The food company said the move is meant to advance its long-term, sustainable growth plans first outlined at its investor day event in September 2020. The company’s U.S. and Canada businesses accounted for about 80% of its 2020 consolidated net sales.
Key points
- New structure is expected to take effect at the beginning of the second fiscal quarter of 2022.
- Carlos Abrams-Rivera, current U.S. zone president, will lead the newly formed North America zone.
- Robert Scott joins Kraft Heinz as president of research and development, North America, as part of structural changes.
- Bruno Keller, Canada zone president, will become president of the Latin America zone.