Paulo Basilio Explained

Paulo Luiz Araujo Basilio (born 1974 or 1975)^[1] is brazilian economist and the chief financial officer of the Kraft Heinz Corporation.^[1]

Biography

Basilio earned a bachelor's degree in economics from Universidade de Brasilia and a master of science degree in economics from Fundacao Getulio Vargas. He served as a partner at 3G Capital Partners LP and was chief executive officer of America Latina Logistica from 2010-2012.^{[2] [3]}

Kraft Heinz

Basilio joined then-H.J. Heinz Company in 2013 as its chief financial officer. He left that position in 2017, turning it over to 29-year old David Knopf, to serve in other positions in the company. On August 26, 2019, Kraft Heinz CEO Miguel Patricio announced that Basilio would return to the CFO position following a series of accounting errors and misstatements that caused the company to restate its financial earnings.^[4]

Compensation

In 2018 while serving as Zone President of U.S. for Kraft Heinz, Basilio received $18,845,822 in total compensation.^[5]

References

1. Web site: Kraft Heinz says Paulo Basilio to return as CFO. Lucas. Amelia. 2019-08-26. CNBC. en. 2019-08-26.
2. Web site: Bloomberg - Paulo Luiz Araujo Basilio. 26 August 2019. Bloomberg. 2019-08-26.
3. Web site: Leadership Team. The Kraft Heinz Company. en. 2019-08-26.
4. Web site: Kraft Heinz Replaces Finance Chief. Maidenberg. Heather Haddon and Micah. Wall Street Journal. en-US. 2019-08-26.
5. Web site: Compensation Information for Paulo Basilio, Zone President of U.S. of KRAFT HEINZ CO. Salary.com. Site built by. Salary.com. 2019-08-26.