Bloomberg News

Berkshire, Lemann’s 3G Name Burger King’s Hees as Heinz CEO

April 11, 2013

Warren Buffett’s Berkshire Hathaway Inc. (A:US) and Jorge Paulo Lemann’s 3G Capital said Bernardo Hees will become chief executive officer of HJ Heinz Co., the ketchup maker being bought by the billionaire investors.

Hees, 43, has been CEO of Burger King Worldwide Inc. since 2010, the companies said today in a statement distributed by Business Wire. He is also a partner of 3G capital.

Berkshire and 3G reached a deal in February to buy Heinz for about $23 billion, ending the independence of the maker of condiments and Ore-Ida potato snacks. 3G acquired Burger King in 2010 and took the fast-food chain public last year.

“Bernardo is a proven executive with an unparalleled track record of delivering results,” Alex Behring, managing partner at 3G Capital, said in the statement. “His combination of experience, leadership skills and broad understanding of the food industry make him the ideal leader to drive the next chapter in Heinz’s storied history.”

Bill Johnson, 64, who has led Heinz since 1998, will remain chairman and CEO until the deal is completed, according to the statement.

“3G Capital and Berkshire Hathaway expect to discuss with Mr. Johnson his interest in a continuing role with the company post closure,” according to the statement.

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net


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