Kraft Moves Up CEO Start Date, Shifts Executives
June 25 2019 - 6:07PM
Dow Jones News
By Patrick Thomas
Kraft Heinz Co. (KHC) is moving up the start date for its new
chief executive, Miguel Patricio, to Tuesday from July 1, the
company said in a securities filing.
Mr. Patricio, the former chief marketing officer of brewer
Anheuser-Busch InBev SA, was named Kraft's CEO in April. The new
CEO will succeed Bernardo Hees and he is taking the helm of the
food giant amid weak sales and a federal investigation into the
company's procurement practices. The company said his first day as
CEO was moved up due to the July 4 holiday.
Kraft also said Mr. Patricio will assume the role of interim
U.S. zone president and Paulo Basilio, who currently holds the
position, will be the newly created chief business planning and
development officer, effective July 1.
The company also said Rafael Oliveira, zone president of Kraft's
Europe, Middle East and Africa segment, will assume a new role as
Kraft's international zone president.
Write to Patrick Thomas at patrick.thomas@wsj.com
(END) Dow Jones Newswires
June 25, 2019 17:52 ET (21:52 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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