By Connor Hart
Kraft Heinz said it has been evaluating potential strategic transactions for the past several months, a disclosure that came as the maker of ketchup and sliced cheese said two members are stepping down from its board.
Chief Executive Carlos Abrams-Rivera didn't say Tuesday what potential transactions the company has been reviewing, though he noted the goal of any deal would be to unlock shareholder value.
"As we look to the future, we will continue to inspire and delight consumers with our iconic brands, fulfilling our mission," he said.
Kraft hasn't set a timeline for the review, and its disclosure isn't an assurance of strategic changes or transactions, the company added.
Also on Tuesday, Kraft said that Berkshire Hathaway will no longer hold seats on its board. As a result, Timothy Kenesey and Alicia Knapp have stepped down from their positions, and the company has reduced the size of its board to 10 members.
Berkshire's move is consistent with its other non-controlled investments, Kraft said.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
05-20-25 1703ET
