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.
The UK's competition regulator has given the all-clear to Hain Celestial's bid to buy UK food and beverage group Orchard House Foods, nine months after the US group announced the deal....
Hershey made an unusual announcement today (20 September), sharing its own sales data for the last four weeks to assuage any possible investor concern over figures released by Nielsen....
As the UK starts to ponder what kind of a relationship it wants with the European Union post-Brexit, EU leaders have been lining up to warn that Britain will not be allowed to "cherry pick" deals and ...
Low food prices continue to hold back inflation rates in the UK as the supermarket price war continues in the face of rising import costs. ...
- Interview: Mondelez eyes sweet success in China
- The benefits of engaging staff in sustainability
- How food companies involve staff in sustainability
- Why Danone is withdrawing Dumex from Vietnam
- Why May's Brexit comments give reason for optimism
- Fonterra says value-added strategy paying off
- B&G Foods acquires ABF's US spice business
- General Mills profit falls as sales disappoint
- 2 Sisters chief Boparan buys Bernard Matthews
- Ireland unveils national plan to tackle obesity
- Global Chocolate Confectionery Overview: Challenges, Opportunities and Risks
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Global Foodservice Market 2016-2020
- Global Food and Drinks Closures: Performance and Opportunities
- Fast Food Restaurants in the US - Industry Market Research Report