All three report to Kraft Heinz U.S. zone president Carlos Abrams-Rivera, who took the helm at the beginning of the year. In a statement, he welcomed the trio to the company, noting their additions will help accelerate its transformation agenda.
“With their inclusion on our U.S. leadership team, we’re adding critical, best-in-class sales, marketing and communications capabilities that will help us build a new Kraft Heinz fueled by innovation, insights and agility,” he added.
Kraft Heinz is currently undergoing a three-stage turnaround strategy emphasizing talent development, reviewing its product mix and new innovation in efforts to reverse declining market share. Organic net sales increased 7.4% in its second quarter, driven by increased retail demand as a result of COVID-19.
Like many consumer good companies, Kraft Heinz faced some capacity constraints in managing the elevated demand, but they were isolated on certain products, chief financial officer Paulo Basilio said in an earnings call. The company is securing more capacity with external manufacturers, fast-tracking capital expenditure projects to improve throughput, and building additional raw material inventory.