Kraft Heinz Taps North America Chief Abrams-Rivera as CEO (1)

Kraft Heinz Co. said North America President Carlos Abrams-Rivera will succeed Miguel Patricio as the packaged-food giant’s chief executive officer.

Abrams-Rivera, 56, will become CEO and join the board Jan. 1, when Patricio, 57, will continue as chairman. Until then, Abrams-Rivera will assume added responsibilities as Kraft Heinz president while continuing to lead operations in the US and Canada. Patricio “will continue to be very involved” through his board role, a company spokesperson told Bloomberg in an email.

Stock reaction was muted on Monday, with Kraft Heinz shares down less than 1% in New York trading at 12:59 p.m The ...