Carlos Abrams-Rivera

Carlos Abrams-Rivera became CEO of Kraft Heinz in 2024, inheriting a company that has been through one of the most painful transformations in consumer goods. The 2015 merger of Kraft and Heinz — engineered by 3G Capital and Berkshire Hathaway — was followed by aggressive zero-based budgeting that cut costs dramatically but also underinvested in brands, innovation, and capabilities. The result was years of declining market share, massive goodwill writedowns, and a stock price that fell roughly 70% from post-merger highs. Abrams-Rivera is leading the reinvestment phase: increasing marketing spend, improving product quality, accelerating innovation (particularly in away-from-home and foodservice channels), and modernizing supply chain operations. Heinz ketchup remains one of the world's most recognized food brands, and Philadelphia cream cheese and Kraft mac & cheese have strong consumer loyalty — but revitalizing growth in these mature categories requires sustained investment. Abrams-Rivera's execution on revenue growth restoration, margin management while reinvesting in brands, and portfolio optimization (potential divestitures of underperforming brands) are the critical drivers of the stock.