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.
Upon FoodBev Media’s return from Vitafoods 2022 – which took place from 10-12 May in Geneva, Switzerland – the team reflects on the event’s aim to bring together international nutraceutical suppliers and experts from across the globe.
Following a strategic review last year, Mondelēz International is planning to sell its developed chewing gum business, which includes brands Trident and Dentyne. This is in addition to offloading its Halls cough drop brand, as the food giant focuses on generating 90% of revenue in its chocolates and biscuits businesses, including baked snacks.
Givaudan has unveiled NaNino+, a patent-pending combination of plant-based ingredients and natural flavorings that can replace nitrite in processed meat. Designed with natural ingredients, it provides a lasting multi-sensorial food experience with a good taste, color and freshness.