Kraft Heinz names 3G Capital partner David Knopf as CFO
FILE PHOTO - Bottles of Heinz tomato ketchup of U.S. food company Kraft Heinz are offered at a supermarket in Zumikon, Switzerland December 13, 2016. REUTERS/Arnd Wiegmann/File Photo
Get Alerts KHC Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 6.1%
Revenue Growth %: -2.6%
Join SI Premium – FREE
(Reuters) - Heinz ketchup maker Kraft Heinz Co (NASDAQ: KHC) said on Friday 3G Capital partner David Knopf would replace Paulo Basilio as its chief financial officer, starting in October.
Kraft Heinz, backed by billionaire investor Warren Buffett and private equity firm 3G Capital, also said Basilio would become president of its U.S. business, while Chief Operating Officer George Zoghbi will transition to a strategic adviser role.
Knopf, 29, currently the vice president and category head of Kraft Heinz's Planters nuts business, has worked with 3G Capital on mergers involving companies such as Burger King and H.J. Heinz Co.
(Reporting by Gayathree Ganesan in Bengaluru; Editing by Sai Sachin Ravikumar)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BofA sees continued inflation pressure on consumer staples
- Micron shares slide following Taiwan incentive pay report and tech sector sell-off
- UBS downgrades Standard Life to neutral as share gains price in capital returns
Create E-mail Alert Related Categories
General News, Management Changes, ReutersRelated Entities
Warren Buffett, Burger King/3GSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share