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In August 2011, Kraft Foods Inc. announced plans to split into two publicly traded companies — a snack food company and a grocery company. [8]On April 2, 2012, Kraft Foods Inc. announced that it had filed a Form 10 Registration Statement to the SEC to split the company into two companies to serve the "North American grocery business".
In September 2021, Kraft Heinz was fined $62m to settle the U.S. Securities and Exchange Commission probe into an improper claim of $200m in cost savings. [62] [63] The $200 million in "bogus cost savings" (reportedly from merger) forced the company to restate its financial results for the years 2015 through 2018. [64]
Kraft was an amateur jewelry maker and would find unpolished jade on the road, which he would shape, polish, and set into rings. The rings were then given as awards to outstanding employees, and they often became family heirlooms. [11] Kraft even wrote a book on jewelry called Adventure in Jade and owned jade mines in Alaska and California. [12]
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In December 2014 John Cahill was named CEO of Kraft foods. [6] In March 2015, it was announced that Kraft Foods would merge with Heinz to form Kraft Heinz. Cahill became vice chairman of the new merged company. [7]
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The site had good rail and road connections to the Atlantic Ocean (Liverpool Docks) and Europe via the North Sea, which allow for easy and low-cost access to both raw products and the export of manufactured processed food. [1] The Kitt Green factory was opened on 21 May 1959 by the Lord Chancellor, the Rt. Hon. David Maxwell Fyfe, 1st Earl of ...
Kraft had been an avid golfer ever since he was introduced to the game in the 1940s by his friend and NASA colleague Sig Sjoberg. [91] He cited the good golfing as a reason for staying in Houston after his retirement. [8] Kraft died on July 22, 2019, in Houston, aged 95, two days after the 50th anniversary of the Apollo 11 moonwalks.