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.
Danone has appointed three deputy CEOs to “better connect categories and regions” and drive the delivery of its ‘Renew Danone’ strategy. The new appointees are Veronique Penchienati-Bosetta, Shane Grant and Juergen Esser. They will report to Danone CEO Antoine de Saint-Affrique.
PepsiCo Portugal has announced that it will invest €7.5 million to construct a new biodigester, which will turn organic waste into biogas. As well as helping its Carregado facility to achieve a 30% reduction in carbon emissions, the biodigester will also contribute to reducing gas consumption, allowing the installation to use the biogas produced during the anaerobic digestion process.
Kerry is sponsoring The Kerry Upcycled Food Foundation Fellowship in a new partnership with the Upcycled Food Foundation (UFF), the non-profit subsidiary of the Upcycled Food Association (UFA). The research fellowship is the second initiated by the UFF and will work toward advancing the understanding of the market, consumer perception and technical opportunities of upcycled food.