Kraft Heinz Announces Retirement of Warren Buffett from Board of Directors
February 23 2018 - 5:00PM
Business Wire
Alexandre Van Damme Nominated to Stand for
Election
The Kraft Heinz Company (NASDAQ: KHC) (“Kraft Heinz”) announced
today that Warren Buffett, will retire from the Company’s Board of
Directors following the end of his term at the upcoming Kraft Heinz
2018 Annual Meeting of Stockholders. Mr. Buffett decided to retire
from the Board as he decreases his travel commitments. The Company
also announced that the Board of Directors intends to nominate
Alexandre Van Damme to stand for election at the 2018 Annual
Meeting to fill Mr. Buffett’s vacancy.
“It has been an honor to work with Warren for the past five
years,” said Alex Behring, Chairman of the Board of Directors. “His
many invaluable contributions to Kraft Heinz will have a lasting
impact on the Company for years to come. The Board of Directors
looks forward to his continued partnership as Chairman of our
largest shareholder, Berkshire Hathaway. We are thrilled to add
Alexandre’s expertise and perspective to Kraft Heinz, and believe
that his executive experience and leadership will be extremely
valuable to the Board, our leadership and company as a whole.”
Mr. Van Damme is, amongst others, a Board member of
Anheuser-Busch Inbev and Restaurant Brands International as well as
a director of DKMS, the largest bone marrow donor center in the
world.
ABOUT THE KRAFT HEINZ COMPANY
The Kraft Heinz Company (NASDAQ: KHC) is the fifth-largest food
and beverage company in the world. A globally trusted producer of
delicious foods, The Kraft Heinz Company provides high quality,
great taste and nutrition for all eating occasions whether at home,
in restaurants, or on the go. The Company’s iconic brands include
Kraft, Heinz, ABC, Capri Sun, Classico, Jell-O, Kool-Aid,
Lunchables, Maxwell House, Ore-Ida, Oscar Mayer, Philadelphia,
Planters, Plasmon, Quero, Smart Ones and Velveeta. The Kraft Heinz
Company is dedicated to the sustainable health of our people, our
planet and our Company. For more information, visit
www.kraftheinzcompany.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20180223005638/en/
The Kraft Heinz CompanyMichael Mullen
(media)Michael.Mullen@kraftheinz.comorChristopher Jakubik, CFA
(investors)ir@kraftheinz.com
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