Off to the Races: The 2018 IMSA WeatherTech SportsCar Championship
The 2018 IMSA WeatherTech SportsCar Championship is around the corner. The race starts January 25th and goes until the 28th. To celebrate the upcoming race, Acura Team Penske driver Helio Castroneves and IMSA President Scott Atherton rang the NYSE Closing Bell and stopped by Cheddar to explore the work that has gone into this competition.
Overall, 200 drivers will be competing over the 3 days. 14 automobile manufacturers are involved in IMSA race, an unprecedented number.
Castroneves was also on Dancing With The Stars. The race car driver said that his profession helped him win the series, and he looks back on the experience fondly.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.