Search form

Last updated: 1 min 52 sec ago

You are here

Business & Economy

Warren Buffett is stepping down from Kraft Heinz board

Berkshire Hathaway Chairman and CEO Warren Buffett speaks during an interview with Liz Claman on the Fox Business Network in Omaha, Neb., in this file photo. (AP)
CHICAGO: Warren Buffett is stepping down from the board of directors of Kraft Heinz Co.
The Chicago-based food and beverage giant says the 87-year-old billionaire investor will retire from its board when his term ends in April as he moves to cut back on travel.
Buffett is the CEO of Berkshire Hathaway Inc., a conglomerate based in Omaha, Nebraska.
Kraft Heinz said its board will nominate Alexandre Van Damme to take Buffett’s seat. Van Damme is also a board member of Anheuser-Busch Inbev and Restaurant Brands International.

MORE FROM Business & Economy