(BRK.A), (BRK.B)
Berkshire Hathaway-backed The Kraft Heinz Company recently made headlines with the announcement of a significant change in its Board of Directors. Greg Abel, Co-Chairman of Berkshire Hathaway, has decided to step down from his position on the Kraft Heinz Board. This move comes without any reported disagreements, as clarified by the company in a recent statement.
Berkshire Hathaway, known for its substantial 26.8% stake in Kraft Heinz, remains closely involved in the company’s affairs. In the upcoming re-election process, two executives from Berkshire Hathaway, Timothy Kenesey and Alicia Knapp, will be considered for continued positions on the board.
© 2024 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway and Kraft Heinz, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.