The former CEO of the Kellogg Co. has been tapped to lead Kraft Heinz as it prepares to split into two companies.

Kraft Heinz said Tuesday that Steve Cahillane will serve as CEO starting Jan. 1. Once Kraft Heinz becomes two companies – which is expected to happen in the second half of next year – Cahillane will become the CEO of what is currently called Global Taste Elevation Co. That company will house some of Kraft Heinz’s biggest sellers, including Kraft Mac & Cheese, Philadelphia cream cheese and Heinz.

The remaining company, dubbed North American Grocery Co., will include slower-selling brands like Maxwell House, Oscar Mayer, Kraft Singles and Lunchables. Kraft Heinz hasn’t yet named a CEO of that company.

The US gained 64,000 jobs in November but lost 105,000 in October

The United States gained a decent 64,000 jobs in November but lost 105,000 in October as federal workers departed after cutbacks by the Trump administration, the government said in delayed reports.

The unemployment rate rose to 4.6% last month, highest since 2021.

The November job gains were higher than the 40,000 economists had forecast. The October job losses were caused by a 162,000 drop in federal workers, many of whom resigned at the end of fiscal year 2025 on Sept. 30 under pressure from billionaire Elon Musk’s purge of U.S. government payrolls.

Labor Department revisions also knocked 33,000 jobs off August and September payrolls.