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Nicolas Amaya will lead Kraft Heinz’s North American operations starting next week, replacing Pedro Navio, the company said in a statement

The outlook points to the challenges facing incoming Coca-Cola CEO Henrique Braun as the company works to win over shoppers with its widening portfolio of beverages.

Kraft Heinz named a new CEO, with former Kellanova CEO Steve Cahillane set to take over from Carlos Abrams-Rivera on Jan. 1, ahead of the company's planned split into two separate food giants.

PepsiCo has worked to overhaul its portfolio of brands since Elliott announced a roughly $4 billion stake in September and called on the company to review and streamline its snack offerings

The soft drink maker is limited by the U.S. supply of cane sugar and its ability to ramp up production in glass bottles, CFO John Murphy said.

Following the breakup, one company will be made up of its Heinz Ketchup and other iconic condiments and boxed meals — a unit that currently generates $15.4 billion in sales.

Mondelez International posted quarterly results that topped estimates but reiterated its annual outlook.

President Donald Trump said in a Truth Social post that Coca-Cola Co. has agreed to use cane sugar in Coke beverages sold in the U.S.