Heinz ketchup maker Kraft Heinz said on Friday 3G Capital partner and Goldman Sachs alum David Knopf, 29, 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. The leadership changes come as the global food giant tries to reignite growth, Bloomberg reports. Earlier this year Kraft Heinz and other big food makers blamed soft sales on declining interest in packaged foods in the U.S.
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. 3G Capital orchestrated the Heinz and Kraft Foods Inc. merger back in 2015.
Source: Fortune
Consumer healthcare firm Haleon has appointed Tate & Lyle executive Dawn Allen as its new chief financial officer, effective 1 November 2024. Allen will succeed Tobias Hestler, who has decided to step down from the role, citing a long-term health condition, the company said.
The group said that the bottling line, which adds 6,500 square metres to the existing 60,700-square-metre site, is the next necessary stage in the company’s international development. The leading brand in Campari Group’s global sales, demand for the Italian bitter apéritif has grown by 500% in the last decade.
The partnership will see Coca-Cola adopt new technology to foster innovation and productivity globally. Through the deal, Coca-Cola has made a $1.1 billion commitment to the Microsoft Cloud and its generative AI capabilities.
