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Brazilian private-equity firm 3G Capital is sliding the chief executive of Burger King Worldwide Inc. (BKW), which it currently controls, into the same role at H.J. Heinz Co. (HNZ) once 3G and Berkshire Hathaway Inc. (BRKA, BRKB) complete their $23 billion buyout of the ketchup maker.Bernardo Hees will replace Heinz CEO William Johnson, who has led the ketchup-maker for 15 years and turned it into more of a global food company by selling ketchup and other Heinz's products all across the world. 3G and Warren Buffett's Berkshire Hathaway in February teamed up to buy Heinz for $72.50 a share in one of the largest-ever acquisitions in the food industry. The deal is expected to close sometime this summer, pending shareholder and regulatory approvals.Mr. Hees, age 43, comes to Heinz with the reputation of having cut costs aggressively at Burger King shortly after 3G bought the burger chain in 2010, taking it private. He got rid of about half the 600 jobs at Burger King's Miami headquarters a...
Food stocks notched multiyear highs Thursday as the takeover of H.J. Heinz Co. (HNZ) raised hopes for more consolidation in the grocery aisle.Campbell Soup Co. (CPB)...
H.J. Heinz Co Chief Executive Bill Johnson said the ketchup company has not yet discussed management changes or cost cuts with 3G Capital and Berkshire Hathaway, the...
It is too early to talk about significant cost cutting at H.J. Heinz Co following its acquisition by Berkshire Hathaway Inc and 3G Capital, one of the principals of ...
H.J. Heinz Co. (HNZ) agreed to be acquired by Berkshire Hathaway Inc. (BRKA, BRKB) and 3G Capital for more than $23 billion.Under the terms of the deal, which has be...
In the largest food acquisition on record, Warren Buffett's Berkshire Hathaway and 3G Capital surprised Wall Street on Thursday by shelling out $28 billion to acquir...
H.J. Heinz Co. (HNZ) said an early earnout payment of $60 million made in connection with its 2010 acquisition of soy-sauce maker Foodstar will hurt its fiscal third...
H.J. Heinz Co.'s (HNZ) fiscal second-quarter earnings jumped 22% as the company continued to get outsized sales growth in emerging markets and benefited from a subst...
H.J. Heinz (NYSE:HNZ) on Wednesday posted first-quarter earnings that topped the Street's view, a day after the company's CEO offered a glimpse of the quarterly resu...
H.J. Heinz Co.'s (HNZ) fiscal first-quarter earnings rose 14% as the company benefited from reduced overhead expenses, improved margins and a lower effective tax rat...
Led by growth in emerging markets that has helped offset high commodity costs, Ketchup maker H.J. Heinz (NYSE:HNZ) expects to report better-than-expected first-quart...
H.J. Heinz Co. (HNZ) expects to exceed fiscal first-quarter consensus estimates, thanks to growth in emerging markets, improved productivity, higher margins and a fa...
Ketchup maker H.J. Heinz (NYSE:HNZ) appointed Dave Woodward on Tuesday to CEO of North American operations and said it plans to announce a new head of its internatio...
H.J. Heinz (NYSE:HNZ) tapped Burger King (NYSE:BKW) CEO Bernardo Hees on Thursday to become the next chief of the iconic ketchup maker once its $28 billion takeover ...
H.J. Heinz (NYSE:HNZ) announced plans on Wednesday to hold a special shareholder meeting on April 30 to allow investors a chance to vote on the iconic ketchup maker'...
The heads of H.J. Heinz Co.'s (HNZ) businesses on either side of the Atlantic will swap jobs, with David Moran moving to the U.S. to head Heinz's North American busi...
In one of the most lucrative golden parachute packages on record, H.J. Heinz (NYSE:HNZ) CEO William Johnson could emerge from his company's $28 billion buyout more t...
The planned $23 billion acquisition of H.J. Heinz Co by Berkshire Hathaway Inc and 3G Capital is leading rival Campbell Soup Co to take a closer look at its own cost...
At the heart of the $23 billion buyout of iconic American company H.J. Heinz Co is a low profile Brazilian group founded by a banker-turned-beer magnate.3G Capital, ...
H.J. Heinz Co. (HNZ) Chairman and Chief Executive William Johnson's stake in the ketchup maker is worth nearly $100 million with the pending sale to Warren Buffett's...
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