3G Dominance at Kraft Begins Before Merger Closes -- Market Talk
DOW JONES & COMPANY, INC. 5:34 PM ET 06/29/15
17:34 EDT - Kraft (KRFT) is already feeling the heat from Brazilian businessmen at 3G Capital who took over Heinz two years ago, as the two companies announce their combined leadership team ahead of a merger scheduled to close later this year. Heinz executives took eight of the 10 senior leadership positions announced today, as well as the CEO slot announced in March. All but three of those Heinz executives were brought in by 3G in the past two years. Nine more KRFT executives' planned departures were also announced today. And nine less-senior positions were named, one-third of which are 3G-appointed Heinz executives. (annie.gasparro@wsj.com)
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06-29-151734ET
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