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Kraft Heinz replaces CEO

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Kraft Heinz Co. is putting in motion its largest executive shakeup since it was created in a 2015 merger.

Anheuser-Busch InBev executive Miguel Patricio was tapped to replace Bernardo Hees as CEO. Hees has led the company since the merger.

Kraft Heinz’s shares reportedly have been continually harmed since the company's $143 billion bid to buy Unilever fell apart.

Read more from Bloomberg.


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