Kraft Heinz bringing Basilio back to CFO role

A former chief financial officer (CFO) of Kraft Heinz will be returning to the position he once held.

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A former chief financial officer (CFO) of Kraft Heinz will be returning to the position he once held.

In a filing with the United States Securities and Exchange Commission (SEC), Kraft Heinz announced that the company’s new CEO, Miguel Patricio, made the strategic decision to move Paulo Basilio back to the CFO position, effective September 1.

Basilio joined the H.J. Heinz Holding Corporation as the CFO in June 2013, and following Heinz’s merger with Kraft Foods, became the executive vice president and CFO of the combined company. He held onto that position until October 2017, when he was shifted to the role of president of the U.S. Commercial Business. Basilio in July was named chief business planning and development officer.

The company’s current CFO, David Knopf, will leave the company and will return to 3G Capital, a company with which he has been a partner since 2015. Knopf was appointed CFO of Kraft Heinz about four years ago, the company stated in the filing.

Patricio took over as Kraft Heinz CEO on July 1.

Other personnel moves

In other personnel-related news, Kraft Heinz promoted Nina Barton to chief growth officer. In the new role, she will be responsible for improving the organic growth and developing capabilities of Kraft Heinz. Barton currently is the president of the Canada Zone and president of digital growth.

Bruno Keller, who currently serves as the head of category development in Canada, will become the new Canada zone president.

Both of those appointments will also be effective September 1.

The diversified Kraft Heinz is the fifth largest food and beverage company in the world. It is the sixth largest turkey company in the United States, having slaughtered 332 million pounds of live turkeys in 2018, roughly a 9% decrease from the pounds slaughtered in 2018. Kraft Heinz is the parent company of Oscar Mayer and Lunchables.

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