NEW YORK — Paulo Basilio is shifting back into the role of global chief financial officer at the Kraft Heinz Co.
Mr. Basilio joined H.J. Heinz Holding Corp. as chief financial officer in 2013. He was named executive vice-president and chief financial officer in 2015, following Heinz’s merger with Kraft Foods Group, Inc. He held that position until 2017, when he became president of the company’s U.S. commercial business. He was named chief business and planning officer earlier this year.
David Knopf, current executive vice-president and global c.f.o., is departing the company to return to 3G Capital, where he has been a partner since 2015.
Mr. Knopf joined Kraft Heinz in July 2015 in connection with the merger of Kraft Foods and H.J. Heinz, initially serving as vice-president of finance, head of global budget and business planning, zero-based budgeting, and financial and strategic planning. Prior to taking over for Mr. Basilio as c.f.o. in October 2017, he was was vice-president and category head of the Planters business.
Kraft Heinz also announced that Nina Barton, president of the Canada zone and president of digital growth at Kraft Heinz, will assume the role of chief growth officer. Bruno Keller, currently the head of category development in Canada, will succeed Ms. Barton as zone president of Canada.
The leadership changes come just a few months after Kraft Heinz named Miguel Patricio as chief executive officer. In August, Kraft Heinz’s stock sank to a record low following the release of second-quarter earnings that executives described as “unacceptable.” Shares of the company trading on Nasdaq closed on Aug. 23 at $25.33, down more than 41% since the beginning of the year, but rebounded a bit on Aug. 26 following news of Mr. Basilio’s return to the c.f.o. post. The company’s stock hit a 52-week low of $24.89 on Aug. 15.