Buffett Successor Planned to Sell Kraft Heinz Stake, But Didn't: Is Ketchup Maker's Turnaround Working?

Greg Abel took the reins as the CEO of Berkshire Hathaway (NYSE: BRK ) (NYSE: BRK ) at the start of 2026. While the Warren Buffett successor has made many changes to the company’s investment portfolio, one of the first stocks he said he would sell remains a prominent holding. Kraft Heinz Charts Turnaround Under New CEO Like Berkshire Hathaway, food company Kraft Heinz (NYSE: KHC ) began 2026 with a new CEO. The company is now led by Steve Cahillane , who is helping oversee a turnaround after years of stock underperformance. The new CEO and his plan appear to be enough to have won over Abel, even if temporarily, after the new Berkshire CEO said he wasn’t pleased with the stock performance and was ready to sell Berkshire’s stake in Kraft Heinz. In a recent intervi...