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Delimex Brings Fresh, Authentic Mexican Street Flavors to the Frozen Aisle
Delimex, delicious, fresh and authentic Mexican street food, is redefining the frozen aisle with help from consumer insights. With the Frozen Snack Category being a $6B category and Mexican inspired snacks being a large amount of that growth,* the brand listened to its fans and made changes to inspire authenticity. Beginning this month, the brand is debuting refreshed packaging, enhanced flavor and nearly double the taquito filling for the perfectly balanced bite of crispy, savory tortilla to filling ratio.
“As a brand we are all about bringing bold..."
Kraft Heinz Inks Deal with BHE Renewables to Invest in Renewable Energy to Help Power US Operations
The Kraft Heinz Company today announced a virtual power purchase agreement (“vPPA”) with BHE Renewables, a Berkshire Hathaway Energy business, for its operations within the United States, which make up the largest part of the Company’s North America Zone. This agreement is designed to enable Kraft Heinz to achieve its aspiration of procuring the majority of its electricity from renewable sources by 2025, a key focus area of the Company’s net-zero emissions plans.
“As one of the world’s largest food and beverage..."
Kraft Heinz Reports First Quarter 2022 Results
The Kraft Heinz Company today reported financial results for the first quarter of 2022 that reflected strong price realization, resilient retail demand, and foodservice growth.
"Our first quarter was a strong start to the year and yet another period where our team rose to mitigate new and different macro environment challenges," said Kraft Heinz CEO Miguel Patricio. "We continue to build critical capabilities, greater corporate agility, and additional financial flexibility to address short-term turmoil while building our long-term advantage. We still have work to do, more opportunity ahead, and we remain..."
Kraft Heinz and TheNotCompany Create Partnership to Accelerate AI-Driven Plant-Based Innovation
The Kraft Heinz Company and leading food tech start-up TheNotCompany, Inc. announced today a joint venture designed to reimagine global food production and advance toward a more sustainable future.
The joint venture, which will operate under the control of Kraft Heinz as The Kraft Heinz Not Company LLC (“The Kraft Heinz Not Company”), will leverage the inherent strengths of both companies. NotCo brings its patented, first-of-its-kind technology and proven artificial intelligence (AI) solutions, while Kraft Heinz offers its iconic brand portfolio and scale...
Kraft Heinz and J.R. Simplot Company Announce an Exclusive, Multi-Year Strategic Supply Agreement
The Kraft Heinz Company and Simplot Food Group, a division of the J.R. Simplot Company (“Simplot”), announced today that the two companies have signed a long-term agreement naming Simplot as the exclusive manufacturer and supplier of Ore-Ida. Kraft Heinz will continue to own the Ore-Ida brand.
As a leading expert in potato manufacturing and distribution, Simplot is expected to help grow the Ore-Ida brand by introducing world-class innovation and technology to the business as well as creating greater efficiencies through vertical...
Kraft Heinz to Elevate CEO Miguel Patricio to Become Chair of the Board
The Kraft Heinz Company announced today, that the Board of Directors intends to appoint Chief Executive Officer Miguel Patricio as Chair, subject to his re-election at the Kraft Heinz 2022 Annual Meeting of Stockholders. After years of distinguished service, Chair of the Board of Directors Alexandre Behring will retire following the end of his term at the 2022 Annual Meeting.
“We are very pleased with the progress experienced by the Company in advancing its strategic plan during the past few years under Miguel’s leadership and see..."
Kraft Heinz Reports Fourth Quarter and Full Year 2021 Results
The Kraft Heinz Company today reported financial results for the fourth quarter and full year 2021.
“Our strategic transformation has powered another year of outstanding performance,” said Kraft Heinz CEO Miguel Patricio. “Our achievements are proof that our scale and agility have led to better results and greater relevance with customers and consumers. We are generating efficiencies to fuel incremental investments in our business, which, along with successful pricing, are mitigating inflationary pressures. I'm proud of our incredible team and have great confidence that we will build on our momentum..."
Kraft Heinz Announces Leadership Team Transitions
The Kraft Heinz Company announced today the appointment of Andre Maciel as Executive Vice President and Global Chief Financial Officer, effective March 2, 2022. Maciel will succeed Paulo Basilio, who will step down on March 1, 2022, as part of a planned transition and will remain with the Company as a strategic advisor through August 2022. Basilio remains a partner at 3G Capital. Additionally, Yang Xu will move to Senior Vice President, Global Head of Corporate Development. These transitions happen at a moment of strength for the Company, as Kraft Heinz enters the next...
Dafne Hefner Joins Kraft Heinz as North America Zone Chief Strategy and Transformation Officer
The Kraft Heinz Company today announced the appointment of Dafne Hefner to the newly created role of Chief Strategy & Transformation Officer - North America Zone, effective Jan. 18, 2022. Hefner is being hired to help accelerate the strategic growth plan in the Company’s U.S. and Canada businesses, including the broader deployment of Agile teams and a North America Zone digital agenda.
Hefner joins Kraft Heinz from Anheuser-Busch InBev SA/NV (“AB InBev”), where she most recently served as Senior Vice President of Strategy & Insights. During her...
Kraft Heinz Announces Intention to Combine U.S. and Canada Businesses to Form the North America Zone
The Kraft Heinz Company announced today that it will combine its U.S. and Canada businesses to create the North America Zone, which is expected to be effective in the second fiscal quarter of 2022. The move is meant to advance the global food and beverage leader’s long-term, sustainable growth plans—which were first outlined at its Investor Day event in September 2020—by bringing increased agility to its innovation agenda, operations, and go-to-market approach. The Company’s U.S. and Canada businesses...
Kraft Heinz Reports Third Quarter 2021 Results
The Kraft Heinz Company today reported financial results for the third quarter of 2021, which reflected gains in Organic Net Sales on top of exceptionally strong growth in 2020. The Company also reported better-than-expected results, enabled by improvements in its operating model and an agile approach to managing supply and services through volatile markets.
"I am incredibly proud of our Kraft Heinz team for delivering another quarter of results that exceed our expectations, even as we face the ongoing challenges of the pandemic and, now, escalating inflation,” said Kraft Heinz CEO...
Kraft Heinz Completes Purchase of Assan Foods, Expanding Presence in Key Growth Markets
The Kraft Heinz Company announced today that it has completed the purchase of Assan Foods from privately held Turkish conglomerate Kibar Holding. The proposed deal was first announced on June 11, 2021.
Assan Foods, headquartered in Istanbul, is a rapidly growing sauces-focused business with local manufacturing facilities in Balikesir and Izmir, Turkey. Assan Foods has been a certified Kraft Heinz production partner since 2019 and offers Kraft Heinz the opportunity to further build its retail and foodservice businesses across Europe, the Middle East, and Africa...
Kraft Heinz Appoints Abby Blunt and Bill Behrens
The Kraft Heinz Company today announced that Abby Blunt, who has led the company’s Washington, D.C.-based Global Government Affairs team since 2012, has been appointed Strategic Advisor for Government & ESG Affairs and Advisor to the Board. After a distinguished 20-year career with Kraft Heinz, Abby will transition to this new role in a part-time capacity, allowing her to focus on the two corporate boards she has recently been asked to join, while still supporting Kraft Heinz initiatives. Her new role is effective Oct. 4...
Kraft Heinz Statement on SEC Settlement
“Kraft Heinz reached a settlement with the U.S. Securities and Exchange Commission on September 3rd, concluding and resolving in its entirety the previously disclosed SEC investigation relating to activities in our procurement area prior to 2019. As reflected in the SEC’s Order, those activities included misconduct by certain procurement employees who engaged in manipulation of supplier agreements in order to achieve group and individual performance targets tied to bonuses. The impact of the 59 transactions at issue in the Order did not affect the Company’s reported Adjusted EBITDA by more than 1 percent in..."
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