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Hees Will Head Heinz
PITTSBURGH — Burger King Chief Executive Bernardo Hees will replace Bill Johnson as CEO of H.J. Heinz Co. upon completion of its acquisition by Berkshire Hathaway and 3G Capital.
April 12, 2013
1 Min Read
PITTSBURGH — Burger King Chief Executive Bernardo Hees will replace Bill Johnson as CEO of H.J. Heinz Co. upon completion of its acquisition by Berkshire Hathaway and 3G Capital.
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“Bernardo is a proven executive with an unparalleled track record of delivering results,” said Alex Behring, managing partner at 3G Capital, in a statement. “Over the past two and a half years at Burger King, Bernardo grew adjusted EBITDA by 44% from $454 million in 2010 to $652 million in 2012 and expanded the company’s adjusted EBITDA margin by 14% from 19% in 2010 to 33% in 2012.”
Read more: Buffett, 3G Capital Buying Heinz for $28B
Hees has been CEO of Burger King Worldwide since 2010, and previously served as CEO of America Latina Logistica, Latin America’s largest railroad and logistics company.
Berkshire Hathaway and 3G Capital expect to discuss with Johnson his interest in staying on with Heinz post closure.
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