Kraft Heinz names new CFO as Paulo Basilio steps down (update)
The Kraft Heinz Company (NASDAQ:KHC) promotes Andre Maciel to the role of executive vice president and global chief financial officer of the company, effective Mar. 2.
Maciel will succeed Paulo Basilio, who served two terms as CFO and in between as the president of the U.S. Zone. Basilio will remain at KHC through August as a strategic adviser.

Joining the company in 2013, Maciel has held several leadership roles, including vice president of global financial planning and analysis for the H.J. Heinz Company.
Last month, Kraft Heinz to buy 85% stake in Just Spices, terms undisclosed


(Editor's note: An earlier version of this article incorrectly stated the Basilio is retiring. He will remain with the company as a strategic adviser through August.)