As independent companies, the company’s will have financial targets that best fit their own markets and opportunities, while execution agility will increase thanks to more focused capital and resource allocation.
Internally, the companies will also have their own distinct corporate culture and career paths.
Kellogg Company's three international regions – Europe, Latin America, and Asia Pacific, Middle East, and Africa – will remain almost entirely intact within Global Snacking Co., the company said, with Cahillane remaining chairman and CEO of Global Snacking Co.
The management team for North America Cereal Co. and Plant Co will be announced at a later date.
The company expects the North America Cereal Co. spin-off to precede that of Plant Co., with both targeted to be completed by the end of 2023.
North America Cereal Co. and Plant Co. will both remain headquartered in Battle Creek, Mich.. Global Snacking Co. will maintain dual campuses in Battle Creek and Chicago, with its corporate headquarters located in Chicago.
Kellogg Company's three international regions' headquarters in Europe, Latin America, and AMEA will remain in their current locations.