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    KHC   US5007541064

KRAFT HEINZ

(KHC)
  Report
Delayed Nasdaq  -  04:00 2022-11-29 pm EST
39.04 USD   +0.44%
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Kraft Heinz Names Diana Frost as Chief Growth Officer of North America

09/23/2022 | 11:46am EST

PITTSBURGH & CHICAGO - The Kraft Heinz Company (Nasdaq: KHC) ('Kraft Heinz' or the 'Company') today announced the appointment of Diana Frost as Chief Growth Officer of the company's North America Zone, a move that will further the company's ambition to lead the future of food by bringing together marketing and disruptive innovation under Frost's leadership. Frost previously served as the Head of North America Disruption & Canada Chief Marketing Officer for The Kraft Heinz Company.

Diana Frost, Chief Growth Officer of North America

As Chief Growth Officer of North America, Frost will be responsible for growing Kraft Heinz's innovation engine as well as driving best-in-class, award-winning marketing for the company's iconic brand portfolio. In this role, she will both oversee The Kitchen, Kraft Heinz's in-house agency delivering creative ideas at the speed of culture, and manage the company's digital, personalization and paid media teams.

'We are thrilled to promote Diana Frost, a well-known talent from within our team, as our Chief Growth Officer for North America,' said Carlos Abrams-Rivera, Executive Vice President and President, North America. 'Since day one at Kraft Heinz, Diana's expertise in disruptive innovation, ESG and M&A have been an asset across the organization - and her commitment to activating agility at scale has quickly transformed the way we work.'

Frost has also been instrumental to the early success of Kraft Heinz's recent joint venture with NotCo, a partnership that will bring plant-based versions of some of the world's favorite Kraft Heinz brands to market at record speed through AI technology.

Further, Frost is passionate about mentorship and serves as executive sponsor of the Diversity, Inclusion and Belonging Resource Group at Kraft Heinz Canada.

Before joining Kraft Heinz, Frost was Head of Portfolio Transformation at Mars Wrigley in the United States, where she led a portfolio redesign to drive top- and bottom-line growth. She also served as Head of Marketing for Mars Wrigley Canada and began her career at PepsiCo.

Based out of the Company's Toronto office, Frost will serve as a key member of the Kraft Heinz North America Leadership Team and report directly to Abrams-Rivera.

About The Kraft Heinz Company

We are driving transformation at The Kraft Heinz Company (Nasdaq: KHC), inspired by our Purpose, Let's Make Life Delicious. Consumers are at the center of everything we do. With 2021 net sales of approximately $26 billion, we are committed to growing our iconic and emerging food and beverage brands on a global scale. We leverage our scale and agility to unleash the full power of Kraft Heinz across a portfolio of six consumer-driven product platforms. As global citizens, we're dedicated to making a sustainable, ethical impact while helping feed the world in healthy, responsible ways. Learn more about our journey by visiting www.kraftheinzcompany.com or following us on LinkedIn and Twitter.

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2022 26 200 M - -
Net income 2022 2 846 M - -
Net Debt 2022 18 143 M - -
P/E ratio 2022 17,3x
Yield 2022 4,11%
Capitalization 47 821 M 47 821 M -
EV / Sales 2022 2,52x
EV / Sales 2023 2,45x
Nbr of Employees 36 000
Free-Float 63,0%
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Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 39,04 $
Average target price 42,68 $
Spread / Average Target 9,31%
EPS Revisions
Managers and Directors
Miguel Patricio Chairman & Chief Executive Officer
Andre Maciel Global Chief Financial Officer & Executive VP
Gregory Edward Abel Independent Director
John Charles Pope Lead Independent Director
Tim J. Kenesey Independent Director
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