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Billionaire Lemann Is Stepping Down From Kraft Heinz’s Board
Bloomberg 3/4/2021 Felipe Marques
(Bloomberg) Jorge Paulo Lemann is leaving the board of Kraft Heinz Co., the giant consumer company he helped put together with Warren Buffett that’s since lost half its value.
Lemann “has decided to reduce his travel commitments and will not seek re-election”, the company said in a regulatory filing. The decision “is not the result of any disagreement with management or the board.”
As co-founder of private equity firm 3G Capital Partners, Lemann, 81, has orchestrated some of the biggest consumer deals in history. He has interests in Anheuser-Busch InBev NV, the world’s largest brewer, and Restaurant Brands International, the company behind Burger King, and is worth $22 billion, according to the Bloomberg Billionaires Index, making him the richest person in Brazil.