Kraft Heinz to name CEO Patricio as chair
Reuters
Published Feb 18, 2022 05:14PM ET
(Reuters) - Packaged food maker Kraft Heinz (NASDAQ:KHC) Co said on Friday it plans to appoint Chief Executive Officer Miguel Patricio as its chair, replacing Alexandre Behring who will retire at the annual shareholder meeting in May.
Patricio, 55, joined Kraft's board in March last year and has previously served as the marketing head of Budweiser maker Anheuser-Busch InBev.
"We look forward to working with Miguel as Chair," Berkshire Hathaway (NYSE:BRKa)'s Greg Abel said in a statement. The Warren Buffett-led company is Kraft Heinz's largest shareholder, according to Refinitiv data.
Kraft Heinz also said that it had nominated James Park, who co-founded Fitbit (NYSE:FIT) Inc, as a board member.
The packaged food company sailed past market estimates for quarterly earnings earlier this week as it benefited from higher prices.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.