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Kraft Heinz CEO Stepping Down, Miguel Patricio Named Successor

bernardo_hees.jpg
Keith Srakocic
/
AP
In this Sept. 5, 2014, file photo, H.J. Heinz Company CEO Bernardo Hees speaks at the preview for the opening of the H.J Heinz Co. exhibition at the Senator John Heinz History Center in Pittsburgh.

Kraft Heinz says CEO Bernardo Hees will step down from the post and be succeeded by Miguel Patricio in July.

Patricio worked in various roles at Anheuser-Busch InBev over 20 years, including serving as chief marketing officer. He's also worked at companies including Philip Morris, The Coca-Cola Co. and Johnson & Johnson.

In February Kraft Heinz disclosed an investigation by federal regulators and said that it would slash the value of its Oscar Mayer brands by a $15.4 billion.