Kraft Heinz names a new chief executive, switching leaders amid an SEC investigation and weak sales
Kraft Heinz Co. named a new chief executive, hiring the chief marketing officer and a former leader of brewer Anheuser-Busch InBev SA to lead the giant foodmaker’s attempted turnaround after years of cost cuts and weak sales.
Miguel Patricio will succeed Bernardo Hees as chief executive on July 1, Kraft said on Monday. The Chicago-based company in February disclosed an investigation by federal security regulators into its business and wrote down the value of its Kraft and Oscar Mayer brands by some $15 billion.
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