Kraft Heinz Management

Management criteria checks 3/4

Kraft Heinz's CEO is Carlos Abrams-Rivera, appointed in Dec 2023, has a tenure of less than a year. total yearly compensation is $8.70M, comprised of 9.2% salary and 90.8% bonuses, including company stock and options. directly owns 0.029% of the company’s shares, worth €12.78M. The average tenure of the management team and the board of directors is 4.5 years and 3.4 years respectively.

Key information

Carlos Abrams-Rivera

Chief executive officer

US$8.7m

Total compensation

CEO salary percentage	9.2%
CEO tenure	less than a year
CEO ownership	0.03%
Management average tenure	4.5yrs
Board average tenure	3.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Carlos Abrams-Rivera's remuneration changed compared to Kraft Heinz's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 30 2023	n/a	n/a	US$3b
Sep 30 2023	n/a	n/a	US$3b
Jul 01 2023	n/a	n/a	US$3b
Apr 01 2023	n/a	n/a	US$2b
Dec 31 2022	US$10m	US$800k	US$2b
Sep 24 2022	n/a	n/a	US$1b
Jun 25 2022	n/a	n/a	US$2b
Mar 26 2022	n/a	n/a	US$1b
Dec 25 2021	US$8m	US$800k	US$1b
Sep 25 2021	n/a	n/a	US$2b
Jun 26 2021	n/a	n/a	US$2b
Mar 27 2021	n/a	n/a	US$541m
Dec 26 2020	US$15m	US$723k	US$356m

Compensation vs Market: Carlos's total compensation ($USD8.70M) is above average for companies of similar size in the German market ($USD5.66M).

Compensation vs Earnings: Carlos's compensation has been consistent with company performance over the past year.

CEO

Carlos Abrams-Rivera (55 yo)

less than a year

Tenure

US$8,701,381

Compensation

Mr. Carlos A. Abrams-Rivera served as an Executive Vice President & President of North America at The Kraft Heinz Company since December 2021 until December 2023. He serves as Chief Executive Officer and D...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Carlos Abrams-Rivera	CEO & Director	less than a year	US$8.70m	0.029% $ 12.8m
Andre Maciel	Executive VP & Global CFO	2.1yrs	US$6.28m	0.014% $ 6.3m
Rashida La Lande	Executive VP and Chief Legal & Corporate Affairs Officer	6.3yrs	US$5.18m	0.0015% $ 659.1k
Rafael de Oliveira	Executive VP & Zone President of International Markets	7.5yrs	US$6.90m	0.027% $ 11.9m
Chris Asher	Acting Principal Accounting Officer & Deputy Global Controller	less than a year	no data	0.0025% $ 1.1m
Anne-Marie Megela	VP & Global Head of Investor Relations	no data	no data	no data
Kathy Krenger	Senior VP & Chief Communications Officer	2.8yrs	no data	0.00028% $ 121.4k
Peter Hall	Vice President of Sales	no data	no data	no data
Melissa Werneck	Executive VP & Global Chief People Officer	8.3yrs	no data	0.016% $ 7.0m
Eduardo de Carvalho Pelleissone	Executive Vice President of Operations	9.3yrs	US$2.64m	no data
Jan Kruise	UK & Ireland Managing Director	9.5yrs	no data	no data
Vince Garlati	VP, Principal Accounting Officer & Global Controller (Leave of Absence)	less than a year	no data	0.0031% $ 1.3m

4.5yrs

Average Tenure

48yo

Average Age

Experienced Management: KHNZ's management team is considered experienced (4.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Carlos Abrams-Rivera	CEO & Director	less than a year	US$8.70m	0.029% $ 12.8m
John Cahill	Independent Vice Chairman	8.8yrs	US$235.01k	0.013% $ 5.4m
John Pope	Independent Lead Director	8.8yrs	US$280.01k	0.00083% $ 359.9k
James Park	Independent Director	1.9yrs	US$235.01k	0.000030% $ 13.0k
Gregory Abel	Independent Director	8.8yrs	US$235.03k	0.00065% $ 281.9k
Miguel Patricio	Non-Executive Chair of the Board	2.9yrs	US$11.36m	0.11% $ 47.6m
Timothy Kenesey	Independent Director	4.3yrs	US$248.14k	no data
Lori Fouche	Independent Director	2.9yrs	US$235.01k	no data
Elio Sceti	Independent Director	3.9yrs	US$235.03k	0.0074% $ 3.2m
Diane Gherson	Independent Director	1.4yrs	US$235.01k	no data
Susan Mulder	Independent Director	3.9yrs	US$235.01k	no data
Alicia Knapp	Independent Director	1.9yrs	US$235.01k	no data

3.4yrs

Average Tenure

56.5yo

Average Age

Experienced Board: KHNZ's board of directors are considered experienced (3.4 years average tenure).

Kraft Heinz Management

Management criteria checks 3/4

Key information

Recent management updates

The Kraft Heinz Company, Annual General Meeting, May 02, 2024

The Kraft Heinz Company Announces Resignations from the Board

The Kraft Heinz Company Announces Appointment of Carlos Abrams-Rivera as Chief Executive Officer

The Kraft Heinz Company Announces Chief Executive Officer Changes, Effective January 1, 2024

The Kraft Heinz Company Announces Management Appointments

Executive VP recently sold €930k worth of stock

Recent updates

Kraft Heinz’s mio Launches Tap

The Kraft Heinz Company to Report Q1, 2024 Results on May 01, 2024

The Kraft Heinz Company, Annual General Meeting, May 02, 2024

Chernogolovka Group of Companies acquired Baby Food Business in Russia from The Kraft Heinz Company (NasdaqGS:KHC).

The Kraft Heinz Company Announces Resignations from the Board

Upcoming dividend of US$0.40 per share

Fourth quarter dividend of US$0.40 announced

Full year 2023 earnings released: EPS: US$2.33 (vs US$1.93 in FY 2022)

The Kraft Heinz Company Provides Earnings Guidance for the Fiscal Year 2024

The Kraft Heinz Company Announces Crystal Light Debuts Three Innovative Additions to Its Portfolio

The Kraft Heinz Company to Report Q4, 2023 Results on Feb 14, 2024

the Kraft Heinz Company Announces New 14-Karat Gold Velveeta Drip Lip Cuff

The Kraft Heinz Company (NasdaqGS:KHC) announces an Equity Buyback for $3,000 million worth of its shares.

The Kraft Heinz Company (NasdaqGS:KHC) announces an Equity Buyback for $3,000 million worth of its shares.

The Kraft Heinz Company Unveils the Slowmaster 57

Upcoming dividend of US$0.40 per share at 4.7% yield

The Kraft Heinz Company Announces Appointment of Carlos Abrams-Rivera as Chief Executive Officer

Kraft Heinz to Launch New Pickle Ketchup Nationwide

Third quarter 2023 earnings released: EPS: US$0.21 (vs US$0.35 in 3Q 2022)

Third quarter 2023 earnings released: EPS: US$0.21 (vs US$0.35 in 3Q 2022)

The Kraft Heinz Company Announces Impairment Charges for the Third Quarter Ended September 30, 2023

The Kraft Heinz Company to Report Q3, 2023 Results on Nov 01, 2023

Kraft Heinz Aims to Revolutionize the Microwave with 360CRISP

Upcoming dividend of US$0.40 per share at 4.8% yield

The Kraft Heinz Company Announces Chief Executive Officer Changes, Effective January 1, 2024

Second quarter 2023 earnings released: EPS: US$0.81 (vs US$0.22 in 2Q 2022)

The Kraft Heinz Company's Lunchables®? Enters the Produce Aisle for the First Time with New Fresh Fruit Offering

The Kraft Heinz Company Announces Management Appointments

The Kraft Heinz Company Announces Philadelphia Cream Cheese Debuts Plant-Based Spread Nationwide

The Kraft Heinz Company to Report Q2, 2023 Results on Aug 02, 2023

The Kraft Heinz Company to Report Q2, 2023 Results on Aug 02, 2023

Kessler Topaz Meltzer & Check, LLP and Bernstein Litowitz Berger & Grossmann LLP Announce Pendency of Class Action and Proposed Settlement of in Re Kraft Heinz Securities Litigation

HEINZ to Launch Six, Limited-Time Sauces At Restaurants Nationwide

HEINZ Launches Limited-Edition Saucemerica Packet Collection

Upcoming dividend of US$0.40 per share at 4.2% yield

Kraft Heinz Unveils Heinz Remix™, the First Customizable Digital Sauce Dispenser

Executive VP recently sold €930k worth of stock

The Kraft Heinz Company Appoints Humberto Alfonso as New Independent Board Member

The Kraft Heinz Company Reaffirms Earnings Guidance for the Year 2023

First quarter 2023 earnings released: EPS: US$0.68 (vs US$0.63 in 1Q 2022)

Upcoming dividend of US$0.40 per share at 4.2% yield

Insider recently sold €3.4m worth of stock

The Kraft Heinz Company Provides Revenue Guidance for the Full Year 2023

Full year 2022 earnings released: EPS: US$1.93 (vs US$0.83 in FY 2021)

The Kraft Heinz Company to Report Q4, 2022 Results on Feb 15, 2023

Chernogolovka, Sistema Reportedly Interested in Kraft Heinz

Janelle Orozco Joins Kraft Heinz as North America Zone Chief Procurement Officer

High number of new directors

The Kraft Heinz Company Appoints Diane Gherson as New Independent Board Member

The Kraft Heinz Company Philadelphia Cream Cheese Drops First-Ever Philly Handbag Made of Cheesecake

Third quarter 2022 earnings released: EPS: US$0.35 (vs US$0.60 in 3Q 2021)

Kraft Heinz Reportedly to Run Sales Process for Local Arm as KKR Shies Away

The Kraft Heinz Company to Report Q3, 2022 Results on Oct 26, 2022

The Kraft Heinz Company Appoints Diana Frost as Chief Growth Officer of North America

The Kraft Heinz Company Affirms Earnings Guidance for the Full Year 2022

KKR Reportedly in the Box Seat and Hungry to Gobble Up $1 Billion Kraft Heinz Portfolio

Kerry Group plc (LSE:KYGA) entered into a definitive agreement to acquire the B2B Powdered Cheese Business and Related Assets of The Kraft Heinz Company (NasdaqGS:KHC) for approximately $110 million.

EVP, Global General Counsel recently sold €1.1m worth of stock

Upcoming dividend of US$0.40 per share

EVP, Global General Counsel recently sold €125k worth of stock

Kraft Heinz Reportedly to Cut Russian Baby Food Business

Second quarter 2022 earnings released: EPS: US$0.22 (vs US$0.022 loss in 2Q 2021)

The Kraft Heinz Company Declares Regular Quarterly Dividend, Payable on September 23, 2022

The Kraft Heinz Company Introducing the Velveeta® Veltini

HEINZ Accelerates Culinary Trends with Launch of New Chef-Inspired HEINZ 57 Collection

the Kraft Heinz Company Announces Resignation of João M. Castro-Neves, A Member of the Board of Directors

The Kraft Heinz Company to Report Q2, 2022 Results on Jul 27, 2022

Insider recently sold €1.0m worth of stock

The Kraft Heinz Company Appoints Vijay Swaminathan as Head of Marketing