05:02 PM EDT, 05/20/2025 (MT Newswires) -- Kraft Heinz ( KHC ) said late Tuesday its board and executive leadership team have been assessing potential strategic deals to unlock shareholder value and announced the reduction of its board size.

Kraft Heinz ( KHC ) also said Berkshire Hathaway ( BRK/A ) has informed the company that, in line with its other non-controlled investments, it will no longer hold board seats on Kraft Heinz ( KHC ).

Timothy Kenesey and Alicia Knapp have stepped down from Kraft Heinz's ( KHC ) board due to their relationship with Berkshire Hathaway ( BRK/A ), reducing the size of its board to 10 members.