Steve Cahillane

Money Moves

Is chief executive officer of Kraft Heinz, which has planned a split into two independent publicly traded companies in 2026.

Mars closed its $35.9 billion purchase of Kellanova on Dec. 11, 2025, taking the Pringles and Pop-Tarts maker private and folding its brands into Mars Snacking. In March 2026, Mars said it would spend $100 million expanding its Chicago headquarters and add 600 jobs there. The city is now the base for Mars’s North America region and its Accelerator Division.

Updated Oct 31

Money Moves

As of May 2026: Four months into the role, posting first measurable wins

Since the 2015 Kraft-Heinz merger, the company has been a cautionary tale: shrinking sales, falling market share, a $15 billion writedown, a stock down roughly 70%. The board approved a tax-free two-company split in September 2025. Five months later, a new CEO scrapped that plan and bet $600 million on fixing the company instead.

Updated May 31

Money Moves

As of May 2026: Former Chairman and CEO of Kellanova; transaction completed December 11, 2025

Before the market opened on December 11, Ares Management — a private-credit powerhouse with nearly $600 billion under management — slid into the S&P 500, replacing Kellanova. Kellanova completed its $35.9 billion sale to Mars that day.

Updated May 10