Kraft Heinz CFO Paulo Basilio to step down; Andre Maciel named successor

Kraft Heinz Co

Paulo Basilio steps down as Global CFO effective March 1, 2022, remains as strategic advisor through August 2022.
Andre Maciel, current SVP U.S. CFO and Head of Digital Transformation, becomes EVP and Global CFO on March 2, 2022.
Yang Xu named SVP Global Head of Corporate Development, reporting to CEO.
Maciel receives base salary of $650,000, bonus target of 175% of salary, and initial equity award of $2 million.
Basilio cited as key in executing M&A, debt reduction, and returning to organic sales growth.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Paulo Basilio

Executive Vice President and Global Chief Financial Officer

KHC · Kraft Heinz Co

Effective: 2022-03-01
Successor: Andre Maciel
Filed: January 21, 2022, 6:59 PM ET

The Kraft Heinz Company (the “Company”) announced that Paulo Basilio, Executive Vice President and Global Chief Financial Officer, will be stepping down from his role effective March 1, 2022.

Appointed

Andre Maciel

Executive Vice President and Global Chief Financial Officer

KHC · Kraft Heinz Co

Effective: 2022-03-02
Filed: January 21, 2022, 6:59 PM ET

Andre Maciel, age 47, the Company’s Senior Vice President, U.S. Chief Financial Officer, and Head of Digital Transformation, will succeed Mr. Basilio as the Company’s Executive Vice President and Global Chief Financial Officer effective March 2, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Paulo Basilio departed as Executive Vice President and Global Chief Financial Officer at Kraft Heinz Co.

Action: stepping down
Role: Executive Vice President and Global Chief Financial Officer

Exact text from the filing

The Kraft Heinz Company (the “Company”) announced that Paulo Basilio, Executive Vice President and Global Chief Financial Officer, will be stepping down from his role effective March 1, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Andre Maciel was appointed as Executive Vice President and Global Chief Financial Officer at Kraft Heinz Co.

Action: succeed
Role: Executive Vice President and Global Chief Financial Officer

Exact text from the filing

Andre Maciel, age 47, the Company’s Senior Vice President, U.S. Chief Financial Officer, and Head of Digital Transformation, will succeed Mr. Basilio as the Company’s Executive Vice President and Global Chief Financial Officer effective March 2, 2022.

View on SEC.gov

Kraft Heinz Co filing history →

Source: SEC EDGAR

accession 0001637459-22-000002

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