Kraft Heinz (NASDAQ: KHC) EVP Cory Onell to exit role, stay as advisor
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
The Kraft Heinz Company reported a leadership change in its sales and international business. Cory Onell, Executive Vice President and Chief Omnichannel Sales and Asia Emerging Markets Officer, will step down from his role effective June 30, 2026.
He will remain with the company as an advisor through March 15, 2027, providing continuity during the transition. Under existing company plans, he will receive severance payments pursuant to the Amended and Restated Severance Pay Plan for Salaried Employees and a prorated annual bonus for fiscal year 2026.
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Negative
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
Officer departure effective date: June 30, 2026
Advisory role end date: March 15, 2027
Form type: Form 8-K
3 metrics
Officer departure effective date
June 30, 2026
Effective date Cory Onell steps down from executive role
Advisory role end date
March 15, 2027
Date through which Cory Onell will serve as advisor
Form type
Form 8-K
Disclosure of executive officer departure
Key Terms
Emerging growth company, Severance payments, Prorated annual bonus, Amended and Restated Severance Pay Plan for Salaried Employees
4 terms
Emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 ... Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Severance payments financial
"will be entitled to receive severance payments pursuant to the Company’s Amended and Restated Severance Pay Plan"
Payments made to employees after their job ends, typically as a lump sum or continued pay and benefits for a limited period. Investors watch severance payments because they are a predictable one-time cost or ongoing liability for the company—like an exit fee when someone leaves a club—and sizable payouts can reduce profits, affect cash flow, or signal larger restructuring costs ahead.
Prorated annual bonus financial
"as well as a prorated annual bonus for fiscal year 2026"
Amended and Restated Severance Pay Plan for Salaried Employees financial
"pursuant to the Company’s Amended and Restated Severance Pay Plan for Salaried Employees"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 12, 2026
The Kraft Heinz Co mpany
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
(Address of principal executive offices, including zip code)
(412 ) 456-5700
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 18, 2026, The Kraft Heinz Company (the “Company”) announced that Cory Onell, Executive Vice President and Chief Omnichannel Sales and Asia Emerging Markets Officer, will step down from his role effective June 30, 2026 to pursue other opportunities. Mr. Onell will remain with the Company as an advisor through March 15, 2027 and will be entitled to receive severance payments pursuant to the Company’s Amended and Restated Severance Pay Plan for Salaried Employees, as well as a prorated annual bonus for fiscal year 2026.
1
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| The Kraft Heinz Company | ||||||||
| Date: June 18, 2026 | By: | /s/ Angel Willis | ||||||
| Angel Willis | ||||||||
| Executive Vice President, Global General Counsel And Corporate Affairs Officer | ||||||||
2
FAQ
What leadership change did The Kraft Heinz Company (KHC) disclose in this 8-K?
The company disclosed that Cory Onell, Executive Vice President and Chief Omnichannel Sales and Asia Emerging Markets Officer, will step down from his role effective June 30, 2026, and then serve as an advisor through March 15, 2027.
When is Cory Onell leaving his executive role at Kraft Heinz (KHC)?
Cory Onell will step down from his role as Executive Vice President and Chief Omnichannel Sales and Asia Emerging Markets Officer effective June 30, 2026, then continue supporting the company as an advisor until March 15, 2027.
Will Cory Onell remain involved with Kraft Heinz (KHC) after stepping down?
Yes. After stepping down from his executive role on June 30, 2026, Cory Onell will remain with Kraft Heinz as an advisor through March 15, 2027, helping provide continuity during the leadership transition period.
What severance benefits will Cory Onell receive from Kraft Heinz (KHC)?
Cory Onell will receive severance payments under Kraft Heinz’s Amended and Restated Severance Pay Plan for Salaried Employees, along with a prorated annual bonus for fiscal year 2026, consistent with the company’s established compensation arrangements.
Why is Kraft Heinz (KHC) filing an 8-K about Cory Onell?
Kraft Heinz filed this 8-K because SEC rules require disclosure of the departure of certain executive officers. The filing provides details on Cory Onell’s transition, advisory role through March 15, 2027, and his severance and bonus eligibility.