logo
Plus   Neg
Share
Email

Kraft Heinz Appoints Miguel Patricio CEO, Succeeding Bernardo Hees

Kraft Heinz Co. (KHC) said Monday that its board of directors has appointed Miguel Patricio as Chief Executive Officer, effective July 1, 2019. Patricio will succeed Bernardo Hees, who will remain CEO through June 30, 2019, to ensure a seamless transition.

Patricio, a native of Portugal, joins Kraft Heinz after a career spanning two decades at brewer Anheuser-Busch InBev or AB InBev (AHBIF.PK,BUD), where he served as part of the Executive Leadership team in various positions, driving organic growth and industry-leading margins.

At AB InBev, Patricio served as the Global Chief Marketing Officer from 2012 to 2018, helping develop global brands Corona, Budweiser and Stella Artois, accelerating their organic sales growth to high single digits, Kraft Heinz noted.

Prior to joining AB InBev, Patricio has worked at other consumer companies including Philip Morris, Coca-Cola Co. and Johnson & Johnson in Latin America, New Jersey, and Georgia.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Alibaba is upgrading its intellectual property system using blockchain technology, according to local news outlet Sohu. Alibaba Platform Management expects this to benefit mainly small and medium-sized enterprises, brands and entrepreneurs. The technology will be fully implemented in September, and thereafter, the company intends to expand it to the field of digital copyright protection. Electronics retailer Best Buy Co., Inc. (BBY) reported Thursday a 27 percent increase in profit for the first quarter from last year, which was impacted by restructuring charges, and higher revenues. Both adjusted earnings per share and revenues for the quarter topped analysts' estimates. The company also provides guidance for the second quarter and reiterated its outlook for the full-year 2020. While reporting financial results for the second quarter on Thursday, Hormel Foods Corp. (HRL) lowered its earnings and net sales guidance for the full-year 2019. For fiscal 2019, the company now projects earnings in a range of $1.71 to $1.85 per share, and net sales between $9.70 billion and $10.20...
Follow RTT