Basilio named U.S. president of Kraft Heinz

3G Capital partners Paulo Basilio and David Knopf are moving up in the ranks of Kraft Heinz, the company Friday.

Basilio, who currently serves as EVP and CFO, will assume the role of president of the company’s U.S. business, while David Knopf will take over as CFO. Both appointments are effective Oct. 1.

Both Basilio, 42, and Knopf (left), 29, are partners with 3G Capital, the hedge fund that acquired H.J. Heinz in 2013 and merged it with Kraft Foods in 2015. Concurrent with Basilio’s appointment, U.S. COO George Zoghbi will take a full-time strategic advisor role and work with the board of directors, Kraft Heinz said.

Basilio has been CFO at Kraft Heinz since 2013, and a 3G partner since 2012. He previously served as CEO of America Latina Logistica, a logistics form in Brazil.

Knopf joined Kraft Heinz in July 2015 in connection with the merger of Kraft Heinz, initially serving as VP of finance and most recently as VP and category head of the Planters business. Prior to that, Knopf held various roles at 3G where he worked on several large acquisitions, including both Burger King and Heinz before joining Kraft Heinz. Previously, he held positions at Onex Partners and Goldman Sachs.