Blog: New Heinz owners promote "best and brightest"
Katy Askew | 21 June 2013
Following the move the move to take Heinz private - when it was acquired by 3G and Warren Buffett's Berkshire Hathaway investment fund - there has been what is tantamount to a management overhaul at the global ketchup giant.
3G has brought in two of its own executives to full the top spots at the company Bernardo Hees, formerly boss of fast-food chain Burger King, has taken over as the new chief executive of Heinz. Hees oversaw the turnaround of Burger King, with a strong focus on expanding the fast-food giant in emerging markets, following 3G's acquisition of the group in 2012. Meanwhile, Paul Basilio, a partner at 3G, has replaced Art Winkleblack who served as Heinz's finance chief since 2002.
While 3G - to whom Berkshire Hathaway is taking a back seat in the day-to-day running of Heinz - has brought in its own at the top of the company, the group was yesterday (20 June) keen to emphasise a continuity of leadership lower down the ranks when it announced a swathe of management appointments.
"Notably, this announcement demonstrates the power and potential of meritocracy at work here at Heinz. As shown through today's various internal promotions and appointments, the company is focused on rewarding and promoting the best and brightest talent in the organisation to lead Heinz moving forward," Hees said.
Notable promotions include Brendan Foley who will take on the role of zone president for North America; Matt Hill who will oversee the group's European business; Emin Mammadov who will be responsible for Russia; Fernando Pocaterra who will be in charge of Latin America; and Hein Schumacher who takes charge of Heinz in Asia Pacific.
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