KHC - The Kraft Heinz Company (KHC) Deutsche Bank 21st Annual dbAccess Global Consumer Conference (Transcript)
2024-06-04 23:30:21 ET
The Kraft Heinz Company (KHC)
Deutsche Bank 21st Annual dbAccess Global Consumer Conference
June 04, 2024 9:45 AM ET
Company Participants
Carlos Abrams-Rivera - CEO
Andre Maciel - EVP & Global CFO
Conference Call Participants
Stephen Powers - Deutsche Bank
Presentation
Stephen Powers
All right. Welcome back. Good afternoon. I'm Steve Powers. I'm Deutsche Bank's U.S. consumer staples analyst, and I am thrilled to welcome back The Kraft Heinz Company to our conference. With us today are Chief Executive Officer, member of the Board, Carlos Abrams-Rivera. Hi, Carlos; and Executive Vice President and Global Chief Financial Officer, Andre Maciel.
Question-and-Answer Session
Q - Stephen Powers
We are going to dive right into questions, just have a little chat. So Carlos, I'm just going to start with you because you've now been CEO for I think almost exactly six months, so you're a veteran in the role. I guess when you think back on the six months, because they've been an actually pretty eventful six months for everybody, what have been maybe your biggest learnings, your biggest takeaways as you -- and how you're feeling as you look -- I guess how you're feeling about the role and how you're feeling about the outlook for the balance of the year and '25?
Carlos Abrams-Rivera
First of all, again, thank you, Steve, for having us here. It's always a pleasure to be with you. I would say one thing that I think I brought in as a learning coming into this job is that every successful transformation depends on the people you have around you. So I feel very encouraged because I feel like around me, I have this great group of leaders. And half of them, we promoted into this new job, into this organization and they were all people who have been internally promoted. So they're only -- I feel like I know them, they have also gone through the transformation and built the foundation of Kraft Heinz that now can help us take it to a new level. So I think this idea of surround yourself with people who you trust or you feel like can be here for the long term and can help us shape the new company.
In terms of the learning, it's interesting, you're right that there's been a lot of changes happen macroeconomically, globally, politically as well as even within our company. At the same time, I feel very confident about the changes we have made in order to improve our overall success. And I think it starts -- if I talk about people, one of the things we did initially was simplify the organization by us being clear on removing a layer of international in order for us to have more operational discussion on my table. So we went from two zones to four zones in a way that elevated a number of people in the company so that we can actually talk about how we go after opportunities and challenges in a much better way. And I also think that what that has resulted is also being a much agile company in which we can again see opportunities and address them quickly as we go forward....
The Kraft Heinz Company (KHC) Deutsche Bank 21st Annual dbAccess Global Consumer Conference (Transcript)