Kraft Heinz has decided to halt its plan to split into two separate companies. The new CEO, Miguel Patricio, believes that the company’s current problems are “fixable.” The decision comes as the food giant faces challenges in its business, including declining sales and profitability. Patricio is focused on implementing strategies to turn the company around and regain market confidence.
Read more at Investing.com: Kraft Heinz halts split, new CEO says problems are ’fixable’
