3 Things to Know About Kraft Heinz's New 29-Year-Old CFO (2024)

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3 Things to Know About Kraft Heinz's New 29-Year-Old CFO? ›

Knopf graduated from Princeton and worked in private equity

Kraft Heinz, the maker of Heinz Ketchup, has appointed its youngest ever CFO: David Knopf. The food behemoth said that the 29-year-old will replace Paulo Basilio on 1 October 2017.

Marcos Eloi Lima has served as Executive Vice President and Chief Procurement and Sustainability Officer for The Kraft Heinz Company since December 2023.

Dhivya Suryadevara, 42, is currently the youngest CFO.

Starting in October, Kraft Heinz's finances will be overseen by a 29-year-old. The company announced on Friday that David Knopf will be the new chief financial officer of Kraft Heinz.

Paulo Basilio is returning to his former CFO position at Kraft Heinz starting September 1. The regulatory filing outlining the change described Basilio as a “seasoned veteran.” Basilio served as CFO from July 2013 to October 2017 and was replaced by David Knopf, who came from 3G Capital.

Kraft Heinz is working across the entire value chain to continue advancing sustainable practices and offering responsible choices. The Company is dedicated to responsible sourcing and related impacts such as human rights, deforestation, animal welfare, and sustainable agriculture.

Reduce water use intensity by 15% across our manufacturing facilities by 2025 (per metric ton of product made). Reduce waste to landfill intensity by 20% across our manufacturing facilities by 2025 (per metric ton of product made). Aim to make 100% recyclable, reusable or compostable packaging by 2025.

The ownership structure of Kraft Heinz (KHC) stock is a mix of institutional, retail and individual investors. Approximately 69.48% of the company's stock is owned by Institutional Investors, 10.17% is owned by Insiders and 20.35% is owned by Public Companies and Individual Investors.

Does Warren Buffett still own Kraft Heinz? ›

Buffett bought H.J. Heinz in 2013 and merged it with Kraft Foods two years later. The new company initially traded at $71, but is changing hands at just $35 today. Berkshire Hathaway's stake is worth 26.8% of Kraft Heinz.

Kraft Foods Group, Inc. Logo used since 2012. Kraft Foods Inc. A merger with Heinz, arranged by Heinz owners Berkshire Hathaway and 3G Capital, was completed on July 2, 2015, forming The Kraft Heinz Company, the fifth-largest food and beverage company in the world.

Total debt on the balance sheet as of March 2024 : $20.54 B

According to Kraft Heinz's latest financial reports the company's total debt is $20.54 B. A company's total debt is the sum of all current and non-current debts.

The CEO is the highest-ranking role in the organization. CEOs and CFOs are not equal in the organizational hierarchy, despite both having 'Chief' in their titles. Generally, the CEO reports to the board of directors, whereas the CFO reports to the CEO.

It typically takes several years of hard work, dedication, and experience to become a CFO. The average age of a CFO is usually around 45, though some can become CFOs as early as their late 30s or early 40s.

However, he is not the youngest person to ever become the CFO of a major company. Joshua Kobza had that position at Restaurant Brands International at the age of 28 in 2013, and Nolan Watson became the CFO of Silver Wheaton in 2006 at just 26.

Andre Maciel is the Executive Vice President and Global Chief Financial Officer for The Kraft Heinz Company.

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Andre Schulten - Procter & Gamble | LinkedIn.