All articles tagged with #company split
Kraft Heinz is splitting into two companies to better focus on its core brands and address declining revenues and changing consumer preferences, undoing a 10-year merger that was heavily influenced by cost-cutting measures and investor pressure.
Warner Bros. Discovery announced its upcoming split into two companies, Warner Bros. and Discovery Global, with new leadership structures and names, aiming to increase flexibility amid declining traditional TV. Key executives have been appointed to lead each entity, with the split expected to complete by mid-2026.
Warner Bros. Discovery announced the names and leadership teams for its two separate entities following their planned split in 2026: Warner Bros. will focus on film, TV, and gaming, while Discovery Global will handle entertainment, sports, and news. Key executives have been appointed for both companies, with Warner Bros. led by CEO David Zaslav and Discovery Global by Gunnar Wiedenfels, highlighting their strategic focus on storytelling and global content delivery.
Warner Bros Discovery CEO David Zaslav's pay will be significantly reduced following the company's planned split into two entities, although he received a substantial stock options award as an incentive to stay. The new employment agreement aligns his compensation with long-term performance and shareholder interests, amid shareholder disapproval of executive pay packages.
Warner Bros Discovery is restructuring its executive compensation, notably reducing CEO David Zaslav's pay following the company's planned split into two entities. Zaslav will receive a new employment agreement with lower annual cash bonuses and equity awards, but also a one-time stock options award tied to stock performance. The split aims to align management incentives with shareholder interests and is expected to be completed by mid-2026.
Warner Bros. Discovery plans to split into two companies, Streaming & Studios and Global Networks, to manage debt and focus on their core businesses, raising questions about content, branding, and future strategies amid ongoing restructuring efforts.
Channing Dungey will continue to lead Warner Bros. Television Group within the Streaming & Studios division after Warner Bros. Discovery's upcoming split, making her one of the few top executives with dual responsibilities across the company's new separate entities.
DuPont has announced plans to split into three standalone businesses, a process expected to take 18 to 24 months. The remaining firm, 'New DuPont,' will retain well-known brands like Tyvek®, Kevlar®, and Nomex®. Governor John Carney supports the move, emphasizing its potential for growth and flexibility. Ed Breen, stepping down as CEO, will be succeeded by CFO Lori Koch but will remain as Executive Chairman.
Kellogg is officially splitting into two companies today, with Kellanova housing snack brands like Pringles and Pop-Tarts, and the traditional cereal business being called WK Kellogg Co. Shares initially rose but turned more than 6% lower ahead of the opening bell. Wall Street is taking a wait-and-see approach on both businesses, with Kellanova needing to jump-start sales growth and improve international exposure, while WK Kellogg Co must improve margins by cutting costs in a slow-growing cereal industry.