Private Equity
Kraft Heinz Co. is bringing in a new chief executive officer as it looks to break out of a prolonged slump that’s hampered the company since its bid to buy Unilever fell apart more than two years ago. The company is tapping longtime Anheuser-Busch InBev executive Miguel Patricio to replace Bernardo Hees, who has led Kraft Heinz since the company was created in a 2015 merger orchestrated by Warren Buffett and 3G Capital. Patricio served for several years as chief marketing officer at Anheuser-Busch, which counts the private equity firm’s founders as some of its biggest shareholders.

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