Kraft Heinz Co replaced Chief Executive Officer Bernardo Hees with Anheuser-Busc...
FILE PHOTO: A Heinz Ketchup bottle sits between a box of Kraft macaroni and cheese and a bottle of Kraft Original Barbecue Sauce on a grocery store shelf in New York March 25, 2015. REUTERS/Brendan McDermid/File Photo
- Kraft Heinz Co replaced Chief Executive Officer Bernardo Hees with Anheuser-Busch InBev veteran Miguel Patricio, pointing the way to a possible change of strategy that may involve moving away from years of cost-cutting. The announcement comes just months after the company took a $15.4 billion writedown for its Kraft and Oscar Mayer brands and other assets, slashed its dividend, and said the U.S. Securities and Exchange Commission was probing its accounting practices.
In an interview published on Monday, the Wall Street Journal quoted Patricio as saying he planned to move the Heinz ketchup maker’s strategy in a new direction after cuts that have left its brands in a weaker position to compete on store shelves. Patricio takes over the top job at Kraft Heinz in July after spending two decades at Anheuser-Busch, most recently as the brewer’s global chief marketing officer.Reporting by Uday Sampath in Bengaluru; Editing by Shailesh Kuber and Saumyadeb Chakrabarty
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Kraft Heinz Names New CEOKraft Heinz named a new chief executive, hiring the chief marketing officer and a former leader of brewer Anheuser-Busch InBev to lead the giant foodmaker’s attempted turnaround after years of cost cuts and weak sales.
और पढो »
Here's everything that has gone wrong for Kraft Heinz in the last yearAfter a string of bad news over the last year for Kraft Heinz, CEO Bernardo Hees is leaving the company.
और पढो »
Kraft Heinz CEO Bernardo Hees to step down, will be replaced by AB InBev's Miguel PatricioBernardo Hees leaves at a critical time for Kraft Heinz, which is battling the slow-growing food industry and analysts questioning the business model.
और पढो »
Florida prosecutors will release surveillance tape of Robert Kraft day spa visitNEW: Florida prosecutors will release surveillance tape of Robert Kraft spa visit
और पढो »
Florida prosecutors will release video of Patriots owner Robert Kraft at massage parlor: ReportFlorida prosecutors said Wednesday that they will release police-obtained videos that allegedly show New England Patriots owner Robert Kraft receiving sexual services for pay at a massage parlor, according to a new report.
और पढो »
Florida prosecutors say they will release Robert Kraft surveillance video despite court challengeThe prosecutor's office contends that Florida law requires it to provide the video to the public and the media without delay.
और पढो »
Florida prosecutors set to release police surveillance video of Patriots owner Robert Kraft inside spaGet breaking national and world news, broadcast video coverage, and exclusive interviews. Find the top news online at ABC news.
और पढो »
Prosecutors plan to release surveillance video in Robert Kraft solicitation caseThe video's release is pending the judge's ruling on April 29 for a protective order for two spa employees who have been charged in the solicitation investigation.
और पढो »
Florida officials accused by defense attorneys of peddling alleged Kraft sex tape to the mediaFlorida officials accused by attorneys of peddling footage of Robert Kraft and other men allegedly caught on camera receiving sexual favors at Florida spa.
और पढो »
Robert Kraft's legal team files motion to stop prosecutors' planned release of video in prostitution caseProsecutors say they intend to release video footage that is expected to show the New England Patriots owner Robert Kraft receiving sexual services at a Florida day spa
और पढो »