Monday, March 8, 2021
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Home Breaking News Brazilian billionaire ends role in board of Kraft Heinz | Financial

Brazilian billionaire ends role in board of Kraft Heinz | Financial

Kraft Heinz emphasized in a statement that Lehmann’s resignation has nothing to do with disagreements within the board. The 81-year-old billionaire’s departure is said to be prompted by a desire to travel less, reports The Finacial Times.

3G has had a close relationship with Kraft Heinz for many years with a participation of 20%. Lehmann partnered with super investor Warren Buffet in 2015 to financially support the Kraft and Heinz merger.

In addition to Kraft Heinz, 3G is also involved with other major brands. For example, the investor has built up major interests in hamburger chains Burger King and Tim Hortons, among others.

In 2017, 3G, in consultation with Buffett, focused on food group Unilever. After the € 130 billion offer was rejected, the takeover hunt soon ended.

The investment company also manages the assets of a number of well-known individuals. For example, Swiss tennis pro Roger Federer would have an account.

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