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    Carlos Abrams-Rivera

    Chief Executive Officer at Kraft Heinz Co
    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 Co

    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