Kraft Heinz Co. replaced its chief financial officer with his predecessor after accounting errors and weak sales at the food giant have undermined the value of its brands and shares.
The Chicago-based company said on Monday that finance chief David Knopf, 31 years old, will return to 3G Capital, the private-equity firm that worked with Warren Buffett’s Berkshire Hathaway Inc. to create Kraft Heinz through a merger in 2015.
The decision is wise but why are they bringing back people from 3G ?
And that's what happens when you install a teenager with no experience in a position of authority.... KraftHeinzCo
How old is this guy? I suppose he is a graduate of Wharton or Harvard and by virtue of his graduating was awarded the job of Chief Financial Officer. Yes he ought to be replaced and does the CEO and anyone who thought this young punk should have such a responsible job.
This entire merger has been a catastrophe. Poorly decided, poorly managed and poorly executed. Stockholders need to force major management changes and changing CFO is just the beginning. There must be accountability for this fiasco. Immediately!
I thought that was the name of a German guy.
Start using Canadian tomorrow again, and I’m sure people in Canada will at least buy your product. Since you announced you would no longer use our tomatoes, we just stopped buying your brand.
It was about time .
Accounting errors..... 😂😂
Don’t these kind of guys fail up anyway?
looks like Michael Dell
Hmmm...glad they supported Donald Trump.
Accountants are wild 🤣🤣🤣
Novartis Bombardier LOrealParisCAN LundbeckCAN DesjardinsGroup AirCanada McKessonCa LaurentideC AndrewScheer jfrobergeQc francoislegault JustinTrudeau calgaryherald bbceducation globeandmail macleans washingtonpost
The Obama Economy was so bad -- the Grey Poupon guy switched to Frenches.