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|Item 5.02.||Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.|
The Kraft Heinz Company (the “Company”) hereby announces certain organizational changes. First, Miguel Patricio, the Company’s Chief Executive Officer, made the strategic decision to shift a seasoned veteran, Paulo Basilio (44), back into the critical role of global Chief Financial Officer, effective September 1, 2019. In June 2013, Mr. Basilio joined H.J. Heinz Holding Corporation as Chief Financial Officer. Following the closing of the merger of Kraft Foods Group, Inc. with and into a wholly-owned subsidiary of Heinz (which subsequently changed its name to Kraft Heinz Foods Company), Mr. Basilio served as Executive Vice President and Chief Financial Officer until October 2017. In October 2017, Mr. Basilio assumed the role of President of the U.S. Commercial Business. Since July 2019, Mr. Basilio has served as the Company’s Chief Business Planning and Development Officer.
Following a transition period with Mr. Basilio, David Knopf, current Executive Vice President and global Chief Financial Officer will depart from the Company to return to 3G Capital, where he has been a Partner since 2015. Mr. Knopf’s departure follows more than four years of service at the Company, including roles as Vice President, Category Head of Planters Business and Vice President of Finance, Head of Global Budget & Business Planning, Zero-Based Budgeting, and Financial & Strategic Planning.
As of the date of this filing, the Company has not determined to make any material change to Mr. Basilio’s compensation in connection with his appointment to this new role.
Mr. Basilio has no familial relationships nor related person transactions with the Company that would require disclosure under Items 401(d) or 404(a) of Regulation S-K in connection with his appointment described above.
Secondly, effective September 1, 2019: (i) Nina Barton, who currently serves as President of the Canada Zone and President of Digital Growth, will assume the new role of Chief Growth Officer, where she will be responsible for improving the Company’s organic growth and developing capabilities; and (ii) Bruno Keller, who currently serves as the Head of Category Development in Canada, will succeed Ms. Barton in the role of Zone President of Canada.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
The Kraft Heinz Company
Date: August 26, 2019
Rashida La Lande
Senior Vice President, Global General Counsel and Head of CSR and Government Affairs; Corporate Secretary