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Carlos Abrams-Rivera

Chief Executive Officer at Kraft Heinz
Since January 1, 2024
Age
57 years
Tenure
Joined in February 2020 as U.S. Zone President and progressed through various leadership roles before being promoted to Chief Executive Officer on January 1, 2024.

Also at Kraft Heinz

MP
Miguel Patricio
Non-Executive Chair of the Board
AM
Andre Maciel
Executive Vice President and Global Chief Financial Officer
AW
Angel Willis
Executive Vice President, Global General Counsel, and Corporate Affairs Officer

About

Carlos Abrams-Rivera has built a robust career in the food and beverage sector through a series of progressively responsible leadership roles at major global companies. His professional journey spans notable tenures at Kraft Foods, Mondelēz International, and Campbell Soup Company, where he honed his expertise in managing large-scale operations and strategic transformations.

At Kraft Heinz, his leadership has been marked by a clear focus on portfolio realignment and operational improvements. His strategic initiatives helped the company stabilize its financial position, achieve investment-grade status, and set the groundwork for sustainable growth while fostering a collaborative and culturally agile work environment.

Throughout his career, he has demonstrated a commitment to transforming business practices, emphasizing both innovation and efficiency. His diverse experiences across multiple markets and roles have shaped a leadership style centered on collective accountability and long-term brand strength, contributing significantly to Kraft Heinz’s evolving market presence.

$KHC Performance Under Carlos Abrams-Rivera

Past Roles

Organization [Source]Role [Source]Date Range [Source]Details [Source]
Energizer Holdings, Inc. Board of Directors January 2020 - January 2024 Former board role
Kraft Heinz Company President, Kraft Heinz August 2023 - December 2023 Held before becoming CEO
Kraft Heinz Company Executive Vice President and President, North America December 2021 - August 2023 Held before becoming CEO
Kraft Heinz Company U.S. Zone President February 2020 - December 2021 Held before becoming CEO
Campbell Soup Company Executive Vice President and President, Campbell Snacks May 2019 - February 2020 Leadership role prior to joining KHC
Campbell Soup Company President, Campbell Snacks March 2018 - May 2019 Leadership role prior to joining KHC
Mondelēz International Various Marketing and Leadership Positions 2011 - 2015 Marketing and leadership roles
Kraft Foods Group, Inc. Various Positions 1998 - 2010 Various positions held

Fixed Compensation

Data from  FY 2023
Component NameAmount ($)Payment ScheduleAdditional Details
Base Salary800,000 Annual Fixed annual salary
All Other Compensation488,026 Annual Includes Retirement Contributions of $18,000, Relocation Expenses of $469,026, and Other Benefits of $1,000

Performance Compensation

Data from  FY 2023

Performance Bonus Plan (PBP)

Metric [Unit]Value [Unit]Details [Source]
Financial Weight (North America)70% Weight for North America metrics
Financial Weight (Global)30% Weight for global metrics
Threshold Payout Level50% Payout begins at threshold
Minimum Financial Multiplier15% Required minimum multiplier
Minimum Individual Performance Score10% Baseline performance score
Target Performance Score100% Standard target achievement
Max (Cap) / Individual Performance Score110% Cap on performance payout
Evaluation DateDecember 27, 2025 Date for performance measurement
Special Bonus20% of 2023 actual bonus Paid in March 2024 upon transition to President

Performance Share Units (PSUs)

Metric [Unit]Value [Unit]Details [Source]
Grant DateMarch 1, 2023 PSU grant date
Target Shares82,033 shares Shares earned at target performance
Threshold Shares27,907 shares Minimum performance threshold
Maximum Shares123,050 shares Cap on shares earned
Grant Date Fair Value$3,150,067 Total fair value at grant date
Weighted Average Grant Date Fair Value Per Share$33.33 Calculated per-share fair value
Vesting Schedule75% at 3rd anniversary, 25% at 4th anniversary Vesting based on achievement of TSR by December 27, 2025

Restricted Stock Units (RSUs)

Metric [Unit]Value [Unit]Details [Source]
Grant DateMarch 1, 2023 RSU grant date
Grant Date Fair Value$1,350,029 Total fair value at grant date
Vesting Schedule75% at 3rd anniversary, 25% at 4th anniversary Time-based vesting award

Interviews

Tailwinds and Turnaround with Kraft Heinz Carlos Abrams-Rivera at Evolve Global Summit 2023 thumbnail

Tailwinds and Turnaround with Kraft Heinz Carlos Abrams-Rivera at Evolve Global Summit 2023

CNBC Events
8:17 min
Nov 3, 2023
Kraft Heinz's Carlos Abrams-Rivera on the consumer, Taylor Swift-inspired sauce thumbnail

Kraft Heinz's Carlos Abrams-Rivera on the consumer, Taylor Swift-inspired sauce

CNBC Television
3:16 min
Nov 3, 2023
Kraft Heinz CEO: Our emerging markets are growing double digits thumbnail

Kraft Heinz CEO: Our emerging markets are growing double digits

CNBC Television
5:26 min
Feb 14, 2024