Food giant The Kraft Heinz Co. appointed Paulo Basilio as its global CFO, effective Sept. 1, the company said in an Aug. 26 filing.
Basilio, who is the chief business planning and development officer of the company, will replace David Knopf.
Knopf will return to 3G Capital Inc., the private equity firm that teamed up with Berkshire Hathaway Inc. to create Kraft Heinz in 2015 through a merger.
Basilio joined H.J. Heinz Holding Corp. as CFO in 2013 and remained in that position with Kraft Heinz until October 2017.
Kraft Heinz in April named Miguel Patricio as CEO. In May, the company restated its financial statements dating back to 2016, saying that EPS and net income figures were lower for some periods than earlier reported.
Kraft Heinz launched its own review on its accounting practices in February after disclosing a subpoena from the SEC over the matter. During the same month, the company wrote down the value of some of its key brands, such as Oscar Mayer and Kraft Natural Cheese by $15.44 billion.
Earlier in August, the company wrote down the value of several business units by $1.22 billion as it reported financial results for the first half of its fiscal year.
