The Kraft Heinz Company Announces Executive Changes
February 22, 2024 at 04:06 pm EST
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On February 21, 2024, Vince Garlati, Vice President, Global Controller and Principal Accounting Officer of The Kraft Heinz Company, notified the company that he would be taking a personal leave of absence beginning March 7, 2024.
In connection with Mr. Garlati?s leave of absence, effective March 7, 2024, Chris Asher was appointed as acting Principal Accounting Officer. Mr. Asher, age 43, will also continue to serve as the Company?s Deputy Global Controller, a role he has held since February 2024. He previously served as Vice President, North America Controller from January 2022 to February 2024, Assistant Global Controller from July 2020 to January 2022, and Assistant Global Controller, Consolidations and Financial Reporting from September 2018 to July 2020.
The Kraft Heinz Company specializes in producing and marketing foodstuffs. The products are skid under the Kraft, Heinz, ABC, Capri Sun, Classico, Jell-O, Kool-Aid, Lunchables, Maxwell House, Oscar Mayer, Ore-Ida, Philadelphia, Planters, Plasmon, Quero, Weight Watchers Smart Ones and Velveeta brands. Net sales break down by family of products as follows:
- sauces and condiments (31.1%);
- cheese and dairy products (15%);
- ambient foods (11.5%);
- frozen and chilled products (11%);
- beverages (11%): soft and energy drinks, juices, coffee, etc.;
- meat and seafood (10.3%);
- confectionery, desserts and bakery products (4.5%);
- nutrition and infant foods (1.6%): cereals, milk, cookies, etc.;
- other (4%).
Net sales break down geographically as follows: the United States (70.2%), Canada (6.6%), the United Kingdom (4.4%) and other (18.8%).