Kraft CFO and Some Others Out With Heinz Deal
Some of Kraft’s top leaders, including Chief Financial Officer James Kehoe, will leave the food maker soon after it combines with H.J. Heinz, the companies said Monday.
Pittsburgh-based Heinz announced its plan to buy Kraft, based in the Chicago suburb of Northfield, Ill., in March. Kraft shareholders are set to vote on the deal Wednesday.
The companies announced back in March that Heinz CEO Bernardo Hees would become CEO of the proposed Kraft Heinz Co. On Monday, they announced a number of other executives who will join Hees’s team at the combined company, which is set to have offices in Pittsburgh and the Chicago area. Heinz CFO Paulo Basilio is set to become CFO of the combined company.
Kehoe will depart once the deal closes or within 30 days, Kraft and Heinz said in a joint statement. Other Kraft executives set to leave include General Counsel and Corporate Secretary Kim Rucker and Executive Vice President of Integrated Supply Chain Robert Gorski.
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