1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Sydnee Gatewood
Sydnee Gatewood
Articles (513) 

Shaking Up Leadership, Kraft Heinz Installs New CFO

Management changes take effect in October

September 08, 2017 | About:

Food and beverage company The Kraft Heinz Co. (NASDAQ:KHC) announced Sept. 8 it is shaking up its leadership team.

On Oct. 1, Executive Vice President and Chief Financial Officer (CFO) Paulo Basilio will become president of the company’s U.S. business. David Knopf, current vice president and category head of the company’s Planters business, will succeed him.

According to Kraft Heinz, Knopf, who is 29, joined the company in July 2015 during the merger of Kraft Foods and H.J. Heinz Co. At that time, he was vice president of finance and head of global budget and business planning. Prior to joining the company, he worked at 3G Capital from 2013 to 2015, where he gained experience with acquisitions, including the merger of Burger King and Tim Hortons into Restaurant Brands International Inc. (NYSE:QSR) and the Kraft-Heinz deal.

In addition to these changes, George Zoghbi will leave his role as chief operating officer (COO) of the U.S. business to become a strategic adviser.

Kraft Heinz shares swelled nearly 0.5% in morning trading following the announcement.


With 26.73% of outstanding shares, Warren Buffett (Trades, Portfolio) has the largest holding among the gurus. During the second quarter, Jim Simons (Trades, Portfolio), Joel Greenblatt (Trades, Portfolio), Steven Cohen (Trades, Portfolio) and Pioneer Investments (Trades, Portfolio) established positions. In all, 17 gurus are shareholders.

Disclosure: I do not own any stocks mentioned.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

» Take a Free Trial of Premium Membership

About the author:

Sydnee Gatewood
I am an editorial assistant at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Follow me on Twitter! @gurusydneeg

Rating: 0.0/5 (0 votes)


Please leave your comment:

Performances of the stocks mentioned by Sydnee Gatewood

User Generated Screeners

ostermeier.phGrowthPFCF_Muster_Sichere Bila
ostermeier.phGrowth_Muster_Sichere Bilanz/I
hcjeversgood companies
pbarker46Begin here 000
DswhaleDW BOMB1
UnAmericanOtakuPenny score gods
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat