Brazilian private-equity firm 3G Capital Partners LP's
leadership will remain at the helm of a combined Kraft-Heinz
packaged food giant, as the company announced 10 leadership
positions Monday, with 3G executives filling eight of the
spots.
In addition to Heinz's Bernardo Hees retaining the chief
executive post of the combined company, which had previously been
disclosed, Paulo Basilio will be chief financial officer.
Meanwhile, Kraft's CFO James Kehoe—who had returned to the
company less than two months after leaving it to take on a similar
post at apparel company Gildan Activewear Inc.—is among those who
will depart the company after the merger is complete.
Among other moves, Heinz's Michael Mullen was appointed senior
vice president of corporate and government affairs and Eduardo
Pelleissone was appointed senior vice president of global
operations.
Meanwhile, Kraft executive Jim Savina was promoted to senior
vice president, general counsel and corporate secretary; and George
Zoghbi, Kraft's chief operating officer, becomes chief operating
officer of the combined company's more than $19 billion U.S.
commercial business.
The Kraft-Heinz merger was announced in March. The companies
haven't disclosed the value of the deal, but investors have pegged
it at around $49 billion.
Kraft Food Group Co. shareholders are to vote on July 1 on the
proposed merger, which is subject to regulatory approval.
Write to Maria Armental at maria.armental@wsj.com and Annie
Gasparro at annie.gasparro@wsj.com
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