3G Capital and Berkshire Hathaway said that Bernardo Hees would become Chief Executive of H.J. Heinz Co. (HNZ) upon completion of the prior announced acquisition of Heinz by an investment consortium, comprising Berkshire Hathaway and 3G Capital. Hees has been chief executive of Burger King Worldwide, Inc. or BKW since September 10, 2010. Prior to joining BKW, Hees was Chief Executive of America Latina Logistica.
Bill Johnson would remain as Chairman, President and CEO of Heinz until the transaction is complete. 3G Capital and Berkshire Hathaway expect to discuss with Johnson his interest in a continuing role with the company post closure following the shareholder meeting on April 30.
Pursuant to the earlier announced transaction with 3G Capital and Berkshire Hathaway, at the closing of the transaction, Heinz shareholders would receive $72.50 in cash for each common share they own, in a transaction valued at $28 billion, including the assumption of Heinz's outstanding debt. The transaction may close late in the second calendar quarter of 2013 or in the third calendar quarter of 2013.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.