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


comments closed

Related News

October 2, 2022

Drinktec 2022: In review

Food & Drink

In the lead-up to the world-famous Oktoberfest – which celebrates Bavarian tradition, beer and the festival spirit – Munich was already buzzing with activity by the time the doors opened to Drinktec 2022 on 12-16 September. The atmosphere was lively, with approximately 50,000 visitors from 169 countries in attendance.

October 2, 2022

Alan Jope to step down as Unilever CEO

Food & Drink

Unilever has announced CEO Alan Jope’s decision to retire from the company at the end of 2023, after five years at the helm. The announcement comes less than a year after a failed attempt by Unilever to buy GlaxoSmithKline’s consumer healthcare business and just months after activist investor Nelson Peltz joined the company’s board.

October 2, 2022

Lakeland Dairies names Colin Kelly as next group CEO

Food & Drink

Lakeland Dairies has announced that Colin Kelly will assume the role of group CEO following the retirement of Michael Hanley at the end of the year. Kelly will take up the position in January 2023, while Hanley will step down in December this year.