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Miguel Patricio (born 1966/1967) is a Portuguese businessman, and the CEO of Kraft Heinz. He succeeded Bernardo Hees in July 2019. [2] Early life
Kraft Heinz’s North American president will become CEO of the food giant next year, the company announced Monday. Carlos Abrams-Rivera will take the reins Jan. 1 from Miguel Patricio, who has ...
[3] [4] He served as Chief Financial Officer from 1998 to 2000, President and Chief Operating Officer from 2000 to 2001, Chief Executive Officer from 2001 to 2003, Chairman and CEO from 2003 to 2006, and Executive Chairman from 2006 to 2007. [2] [3] [4] [1] He has been an industrial partner at the private equity firm Ripplewood Holdings since 2008.
For the fiscal year 2017, Kraft Heinz reported earnings of US$ 11.0 billion, with annual revenue of US$ 26.2 billion, a decline of 0.6% over the previous fiscal cycle. Kraft Heinz's shares traded at over $61 per share, and its market capitalization was valued at over US$ 136 billion in September 2018. [52]
Kraft Heinz says CEO Miguel Patricio will become non-executive chair of its board at the start of the new year, with Carlos Abrams-Rivera stepping into the top spot at the food products company at ...
Patricio, a 52-year-old Portuguese native who will take over the helm of the world's fifth biggest food company from July 1, said he plans to focus more on efficiency, investing in brands and ...
Despite the Cadbury takeover helping boost sales by 30%, Kraft's net profit for the fourth quarter fell 24% to $540m due to costs associated with integrating the UK business after the acquisition. [66] Kraft spent a one-time $1.3 billion in integration costs to achieve $675 million in recurring annual synergy savings by the end of 2012 (estimated).
Patricio, a 52-year-old native of Portugal, will take over the top job in July after two decades at Anheuser-Busch InBev, where he rose to become the company's global head of marketing, building ...