Press release
Kraft Heinz Announces Leadership Team Transitions
Andre Maciel, currently U.S. CFO and Head of Digital Transformation, moves into Global CFO role; Yang Xu moves to SVP, Global Head of Corporate Development;
About this update from The Kraft Heinz Company
[{"type":"text","content":"\nAndre Maciel, currently U.S. CFO and Head of Digital Transformation, moves into Global CFO role; Yang Xu moves to SVP, Global Head of Corporate Development; Paulo Basilio takes on strategic advisor role \n\n PITTSBURGH & CHICAGO--(BUSINESS WIRE)--\nThe Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the “Company”) announced today the appointment of Andre Maciel as Executive Vice President and Global Chief Financial Officer, effective March 2, 2022. Maciel will succeed Paulo Basilio, who will step down on March 1, 2022, as part of a planned transition and will remain with the Company as a strategic advisor through August 2022. Basilio remains a partner at 3G Capital. Additionally, Yang Xu will move to Senior Vice President, Global Head of Corporate Development. These transitions happen at a moment of strength for the Company, as Kraft Heinz enters the next phase of its transformation.\n\nBasilio has been with the Company since 2013, serving two terms as CFO and in between as the President of the U.S. Zone. The Company accepted his request to step down from the Global CFO role on Jan. 19, 2022.\n\n“I have had the tremendous pleasure to work with Paulo since 2019,” said Miguel Patricio, Chief Executive Officer at Kraft Heinz. “I look back over these years in amazement on everything that the Company has been able to accomplish. Paulo has been a critical part of our success. He executed an ambitious acquisitions and divestitures strategy and debt reduction plan. He drove the development of the Company’s five-year strategic plan. He oversaw our return to sustained Organic Net Sales and profitability growth and the strengthening of our internal controls. I could go on and on.”\n\nFor the next six months, Basilio will continue in an advisory role at Kraft Heinz, supporting Maciel during his transition.\n\n“One of Paulo’s greatest accomplishments was in developing key talent within the Finance team, including Andre Maciel, the individual I selected to be his successor,” continued Patricio. “Andre’s combination of business and finance experience makes him a trusted leader. His most recent work on digital transformation sets the foundation for our Company’s future. I look forward to his partnership in building on our momentum and continuing our focus on long-term profitable growth.”\n\nMaciel has been with Kraft Heinz since 2013 and ...