Kraft Heinz to elevate CEO Miguel Patricio to chairman
Kraft Heinz (NASDAQ:KHC) said its board intends to appoint CEO Miguel Patricio as chairman, subject to his re-election at the 2022 annual stockholder meeting.
Alexandre Behring, current chair of the board, will retire following the end of his term at the annual meeting.

KHC also said its board nominated Fitbit co-founder James Park to stand for election at the annual meeting.
Earlier this week, KHC posted Q4 results that sailed past consensus estimates as pricing was used to mitigate inflationary pressures.