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
Swedish telecom equipment maker Ericsson reported Friday a profit in its fourth quarter, compared to loss last year, driven by increased sales. The company further said its North American business experienced a slowdown and that its operating expenses were higher. Going ahead, the company projects increased costs in fiscal 2020 mainly related to 5G development. Memphis Meats, a cell based meat start-up, raised $161 million in a new round of funding from Softbank Group-led investors, in order to launch products to the market. With this, total funding exceeds $180 million. Memphis Meats intends to use the new funding to build a pilot facility for the production of cell-based meat, increase the number of employees, and to bring its products to the market. Intel Corp. (INTC), the world's biggest chipmaker, Thursday said its profit and revenues for the fourth quarter trumped Wall Street estimates. The company's shares gained nearly 7 percent driven by strong outlook for the first quarter and full year 2020. Santa Clara, California-based Intel reported...
Follow RTT
>