This Warren Buffett Stock Is Losing to the Market. Can Its New CEO Satisfy Investors’ Appetites for Better Returns?

Kraft Heinz (NASDAQ: KHC) estimates that at least one of its products sits on the shelves of nearly every U.S. household — a dominant market position if there ever was one for a consumer food company. On Aug. 14, Kraft Heinz announced that Chairman and CEO Miguel Patricio will transition to the position of non-executive chair of the board at the start of next year. In his place, Carlos Abrams-Rivera is being promoted from his present responsibilities as executive vice president of the company and president of its operations in North America.