Buffett-Backed Heinz Shakes Up Management After Buyout
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HJ Heinz Co. said 11 executives are leaving as the world’s largest ketchup maker shakes up management less than a month after being acquired by Jorge Paulo Lemann’s 3G Capital and Warren Buffett’s Berkshire Hathaway Inc.
Dave Woodward, the chief executive officer of Europe, General Counsel Ted Bobby and North America CEO David Moran are among those departing, the Pittsburgh-based company said today in a statement. Matt Hill was promoted to president of Europe from a post overseeing the U.K. and Ireland. Dan Shaw was named general counsel. Brendan Foley was promoted to zone president of Heinz North America from president of U.S. consumer products.