Kraft Heinz names CFO to replace Knopf

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Kraft Heinz names CFO to replace Knopf
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Kraft Heinz Co on Monday named Paulo Basilio as chief financial officer, in a st...

FILE PHOTO: Shareholders shop for discounted products at the Kraft Heinz booth at the annual Berkshire Hathaway shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan

Under Knopf, who became CFO in 2017 at the age of 29, Kraft wrote down $15.4 billion in value of its brands Kraft and Oscar Mayer. He will return to private equity firm 3G Capital where he has been a partner since 2015.

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