Heinz Gets a Little More Brazilian Flavor as Takeover is Completed

The Wall Street Journal, June 7 2013
H.J. Heinz Co. Chief Executive Bernardo Hees wasted no time shaking up the ranks at the ketchup maker.
In announcing the closure Friday of the acquisition by Berkshire Hathaway Inc. BRKB +1.92% and Brazilian private-equity firm 3G Capital, Mr. Hees said Heinz’s longtime Chief Financial Officer Art Winkleblack will be replaced immediately by Paulo Basilio, a 38-year-old partner at 3G Capital.
“Bernardo’s first priority is to establish the company’s new management team which we expect to announce in the near future,” Heinz spokesman Michael Mullen said, adding that Mr. Hees was not available for an interview. “Bernardo is also focused on continuing to learn Heinz’s global business, visiting global offices and factories and meeting with employees and customers.”
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