The Kraft Heinz Company (NASDAQ:KHC) is one of Jim Cramer shared his views on. Cramer highlighted the company’s new CEO during the episode, as he stated:
“Interestingly, Steve (Steve Cahillane) just became CEO of another underperforming food company, Kraft Heinz, on January 1. No one seems to care, just like no one cared when he took over Kellogg’s. People have repeatedly written off Kraft Heinz, which is supposed to split into two companies in the second half of the year. Now, I’m not sure Steve wants to accept this breakup. What I know is that he is the right person to orchestrate this, given how much value he created by breaking up Kellogg, despite what is supposed to be a very difficult environment. Now I had my doubts when Steve came on the show and announced the split, but my doubts were, let’s say, misguided. Maybe he can prove me wrong again on Kraft Heinz.
Copyright: kornienko / 123RF Stock photo
The Kraft Heinz Company (NASDAQ: KHC) produces food and beverage products, including condiments, dairy, meals, meats, beverages and snacks under brands such as Kraft, Heinz, Oscar Mayer and Philadelphia.
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Disclosure: None. This article was originally published on Initiated Monkey.
