Kraft Heinz makes packaged foods and drinks for households, restaurants and other foodservice operators around the world. Its portfolio includes Heinz ketchup and spans sauces, cheese, ready meals, coffee and refrigerated foods. The company develops recipes, manufactures products in its factories and works with outside producers to supply different markets. It earns revenue by selling through grocery chains, wholesalers, online retailers and distributors that serve commercial kitchens. With operating roots in Heinz's 1869 business and its combined group formed by a 2015 merger, it is co-headquartered in Pittsburgh, Pennsylvania, and Chicago, Illinois.
Company Size
10,001+
Company Stage
IPO
Headquarters
Pittsburgh, Pennsylvania
Founded
1869
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People moves: october 2026. October 14, 2026 Procurement Magazine tracks the latest senior appointments, promotions and career moves shaping the procurement industry Job From: Purchasing and Supply Chain Director at Acciaierie d'Italia Job To: Head of Procurement at Electrolux Group Daniele Rossi has joined Electrolux Group as Head of Procurement, bringing more than 30 years' experience across procurement, supply chain and manufacturing. The biggest opportunity is to evolve from a traditional cost-control function into a strategic driver of innovation and cost leadership Daniele Rossi, Head of Procurement at Electrolux Group Reporting to Chief Product Officer Michelle Shi-Verdaasdonk, he will focus on cost leadership, design-to-cost, supplier-led innovation and sustainability, while using AI and digital transformation to strengthen procurement's strategic role. Job From: Vice President Strategy and Innovation at ORO Labs Job To: Managing Director, Enterprise Transformation & Applied AI at Zip Zip has appointed Shachi Rai Gupta as Managing Director, Enterprise Transformation & Applied AI. With more than 20 years' experience across business and technology, Shachi has led strategy, innovation and transformation at Bunge, Mars, Bristol Myers Squibb and ORO Labs. At Zip, she will focus on enterprise transformation, product innovation and AI. Job From: SVP Head North America Supply Chain & Quality E2E at Haleon Job To: Chief Supply Chain & Procurement Officer - North America Zone (NAZ) at Kraft Heinz Kraft Heinz has appointed Alvaro Cantillo as Chief Supply Chain & Procurement Officer for North America, following senior supply chain and quality roles at Haleon. His appointment comes under Kraft Heinz's new three-region operating structure, with Alvaro overseeing procurement and supply chain as the company focuses on efficiency, resilience and value-chain execution. Job From: Director & Chief Procurement Officer, Supply Chain Management at Max Healthcare Job To: Chief Procurement Officer at Apollo Hospitals Enterprises Limited Apollo Hospitals Enterprises Limited has appointed Dr Venkatesan N as Chief Procurement Officer, bringing more than two decades of healthcare procurement and supply chain experience. He joins from Max Healthcare, where he served as Director and CPO, following senior roles at HealthCare Global and other healthcare organisations across procurement, materials and commercial operations. Did you know? Executives. * Alvaro Cantillo Chief Supply Chain & Procurement Officer - North America Zone * Daniele Rossi Head of Procurement * Dr. Venkatesan N Chief Procurement Officer * Shachi Rai Gupta Managing Director, Enterprise Transformation & Applied AI Company Portals
Kraft Heinz, T-Mobile, Otis, Hasbro and Citi named among Newsweek's America's Greenest Companies 2027. New ranking recognizes 650 U.S. companies for performance in environmental sustainability. October 13, 2026 09:00 ET | Source: Newsweek NEW YORK, Oct. 13, 2026 (GLOBE NEWSWIRE) - Newsweek, in partnership with Plant-A Insights Group, today announced America's Greenest Companies 2027, recognizing 650 U.S. companies for their performance in environmental sustainability. Kraft Heinz, T-Mobile, Otis, Hasbro, Citi, Bristol Myers Squibb and Applied Materials are among the companies earning the highest five-star distinction. As sustainability becomes an increasingly important indicator of corporate leadership, America's Greenest Companies 2027 provides a data-driven view of how organizations address environmental challenges and demonstrate measurable progress. Financial services, technology and pharmaceuticals were among the most recognized industries. "Companies are under increasing pressure to show real, measurable progress on environmental sustainability," said Ryan Kinney, Senior Vice President at Newsweek. "America's Greenest Companies recognizes the organizations that are backing their commitments with data and demonstrating meaningful progress across the areas that matter most." Developed by Newsweek and Plant-A Insights Group in partnership with GIST Impact, America's Greenest Companies 2027 recognizes the 650 highest-scoring U.S. companies based on publicly available sustainability data. More than 6,000 public and private companies were reviewed. To be considered, companies were required to maintain a U.S. headquarters and have publicly disclosed sustainability data available as of June 30, 2026. Companies were also screened according to European Union Benchmark exclusion criteria. Eligible companies were evaluated across more than 25 sustainability parameters spanning four key categories: greenhouse gas emissions, water usage, waste generation, and commitment and disclosure. The quantitative analysis was supplemented by media monitoring conducted using Critical Mention by Onclusive to identify companies implicated in environmental wrongdoing, greenwashing or serious ecological misconduct between August 31, 2024 and August 31, 2026. Companies identified through this process were excluded from the final ranking. Newsweek and Plant-A Insights Group conducted multiple iterations of the media monitoring process to validate exclusions and ensure the accuracy of the results. About Newsweek: Newsweek is the global digital news organization built around the iconic 94-year-old American magazine. Newsweek reaches 100 million people monthly with its thought-provoking news, opinion, images, graphics, and video delivered across a dozen print and digital platforms. Headquartered in New York City, Newsweek also publishes international editions in 50 countries.
Four blue chip companies, UPS, Pfizer, Kraft Heinz, and Ford, may struggle to sustain their dividends, according to an analysis of their earnings, cash flow, and debt. UPS yields 7.02% and pays out about 121% of its GAAP earnings. Pfizer yields 6.10%, with a GAAP payout ratio of about 226%; its 2025 free cash flow of $9.076 billion fell short of $9.771 billion in dividends. Kraft Heinz yields 6.82%, but its trailing GAAP earnings per share are −$2.88 after $7.4 billion in impairments. Ford yields 4.98% after an $8.162 billion loss in 2025, and its debt-to-equity ratio is 4.66. All four companies say their payouts are safe, and each points to adjusted earnings guidance that covers the dividend.
Kraft Heinz sues insurers over legal defense coverage. Kraft Heinz has filed a lawsuit in Allegheny County, Pennsylvania against major insurers - including ACE American Insurance Company, ACE Property and Casualty Insurance Company, Chubb-subsidiary Federal Insurance Company, and Liberty Mutual Fire Insurance Company - alleging breach of contract for refusing to cover legal defense costs and liabilities related to consumer health-damage claims. Global corporate legal battles rarely stay confined to domestic courtrooms. When a household name like Kraft Heinz locks horns with its insurance carriers, the shockwaves ripple straight through international equity portfolios and corporate risk management desks. Behind every packaged shelf-stable staple sits an intricate web of liability underwriting, and this escalating dispute in Pennsylvania lays bare the mounting pressures facing multinational food conglomerates. The Allegheny County legal showdown. Discover more News subscription service The core dispute centers on a fundamental disagreement over policy obligations. Kraft Heinz maintains that its insurers are legally bound to shoulder the financial burden of defending against lawsuits alleging that the company's products caused health damage to consumers. By refusing to fund this legal defense or provide indemnity against potential compensation claims, the insurers have triggered a severe contractual breach, according to the food manufacturer. Here is why that matters for corporate risk officers worldwide. Insurance policies of this magnitude are designed precisely to absorb catastrophic litigation shocks. When carriers balk at defending high-stakes consumer health claims, corporate treasuries are forced to shoulder unpredictable legal expenditures. This direct collision between corporate giants and their underwriters signals a tightening of risk appetite across the global insurance sector. Balancing litigation pressures with consumer pricing. This courtroom confrontation unfolds as Kraft Heinz reshapes its everyday business model to survive a punishing inflationary climate. CEO Steve Cahillane outlined strategic shifts on September 16, emphasizing aggressive sales promotions, altered packaging sizes, and selective price reductions. These tactical adjustments aim to keep legacy brands accessible to increasingly price-sensitive shoppers without surrendering hard-fought market share. Discover more Current events analysis Sport news reporting Maintaining margins while cutting prices requires operational tightrope walking. Every dollar diverted to unindemnified legal defense is a dollar unavailable for brand marketing or supply chain optimization. Amid these headwinds, the corporation also maintained its community commitments, contributing over $150,000 alongside employee volunteer hours to the Greater Pittsburgh Community Food Bank, an initiative slated to fund approximately 450,000 meals. Financial markets have responded with characteristic caution to these overlapping pressures. On the trading floors, the company's stock closed Friday at 20.74 euros, marking a daily loss of 1.1 percent. The equity continues to trade below its 50-day moving average of 21.89 euros, reflecting investor anxiety over both broader consumer trends and looming legal liabilities. Discover more Financial market news In-depth news analysis Financial and operational overview. | Metric / Event | Details | | Filing Date | September 18 | | Jurisdiction | Court of Allegheny County, Pennsylvania | | Key Insurers Involved | ACE American, ACE Property and Casualty, Federal Insurance (Chubb), Liberty Mutual Fire | | CEO Strategy Update | September 16 (Focus on price cuts, promotions, packaging adjustments) | | Stock Close (Friday) | 20.74 euros (-1.1%) | | 50-Day Moving Average | 21.89 euros | As the legal teams prepare arguments in Pennsylvania, the outcome of this coverage dispute will likely set a powerful benchmark for how consumer goods multinationals handle product liability and insurer relationships. For shareholders, the ability of management to handle both court and grocery situations effectively defines the season. Related reading Discover more Political news commentary Economy news analysis Omar El Sayed is Archyde's World Editor, focused on international affairs, diplomacy, conflict, and cross-border political developments. He brings a global newsroom perspective to complex events and helps readers understand how regional stories connect to wider geopolitical shifts.
Kraft Heinz, Mike's Hot Honey unveil co-branded cream cheese. Sep 16, 2026 PITTSBURGH - The Kraft Heinz Co. is partnering with Mike's Hot Honey to debut Philadelphia Mike's Hot Honey Whipped Cream Cheese. The innovation features Mike's Hot Honey's signature blend and Philadelphia cream cheese. "Philadelphia has been part of the Mike's Hot Honey story since the early days," said Mike Kurtz, founder of Mike's Hot Honey. "When I was first building the brand, I used to sample our hot honey on bricks of Philadelphia cream cheese to show people just how delicious and versatile the combination could be. To now bring that pairing to life in a partnership with Philadelphia feels like a full-circle moment. "Together, we worked closely to get the balance of creamy, sweet heat just right, creating a schmear ready for everything from breakfast sandwiches to pizza - or straight from the tub." The cream cheese innovation may be purchased at Walmart stores. A retail expansion is expected in 2027. Get better food industry search results. Adding us tells Google to prioritize Food Business News stories.