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Splitting into two companies can unlock value and improve strategic focus, as seen in past splits like Kellogg.
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Kraft Heinz plans to split into two separately traded companies by 2026. Steve Cahillane will lead Global Taste Elevation post-split, focusing on growth brands. Former CEO Carlos Abrams-Rivera will advise until March 6, 2024. John Cahill is appointed chair of the board, succeeding Miguel Patricio.
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