Sector News

Kraft Heinz appoints Andre Maciel as executive VP and global CFO

January 29, 2022
Food & Drink

The Kraft Heinz Company has announced the appointment of Andre Maciel as executive vice president and global CFO, effective 2 March 2022.

Maciel, who currently serves as Kraft’s US CFO and head of digital transformation, will succeed Paulo Basilio as part of the company’s leadership review. Basilio – who has been with Kraft since 2013, serving as CFO and president of the US Zone – will remain with Kraft as a strategic advisor until August 2022.

“I have had the tremendous pleasure to work with Paulo since 2019,” said Miguel Patricio, CEO at Kraft Heinz “I look back over these years in amazement on everything that the company has been able to accomplish. Paulo has been a critical part of our success. He executed an ambitious acquisitions and divestitures strategy and debt reduction plan. He drove the development of the company’s five-year strategic plan. He oversaw our return to sustained organic net sales and profitability growth and the strengthening of our internal controls. I could go on and on.”

He continued: “One of Paulo’s greatest accomplishments was in developing key talent within the finance team, including Andre Maciel, the individual I selected to be his successor. Andre’s combination of business and finance experience makes him a trusted leader. His most recent work on digital transformation sets the foundation for our company’s future. I look forward to his partnership in building on our momentum and continuing our focus on long-term profitable growth.”

In addition, Yang Xu will become senior vice president and global head of corporate development. Xu, who is currently global head of treasury and M&A (mergers & acquisitions), will step into the new role effective March 2 2022.

By Sian Yates

Source: foodbev.com

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