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VOL. 37 | NO. 14 | Friday, April 05, 2013
Burger King CEO to take Heinz reins after deal
PITTSBURGH (AP) — Burger King CEO Bernardo Hees will take the top job at Heinz following its acquisition by investment firm 3G Capital and Warren Buffett's Berkshire Hathaway Inc.
The 43-year-old Hees has been CEO at Burger King, another 3G Capital investment, since 2010.
He will remain CEO at Burger King until the deal closes. Likewise, Heinz Chairman and CEO Bill Johnson will retain that job until the acquisition of the company closes.
The investors announced plans in February to buy Pittsburgh-based Heinz in a $23.3 billion deal.
Berkshire and Brazilian investment firm 3G say they will discuss a continuing role with the company with Johnson.
At Burger King, Chief Financial Officer Daniel Schwartz will become chief operating officer and will take the CEO job on July 1.