Kraft Heinz Co. said Friday it has appointed 29-year old David Knopf to the role of chief financial officer, effective Oct. 1. Knopf is currently vice president and category head of the Planters business. Knopf is replacing current CFO Paulo Basilio, 42, who will become zone president of the U.S. business. George Zoghbi, who is currently chief operating officer of the U.S. business, will transition to a strategic adviser role, but will remain a full-time employee. Knopf joined the food company in July 2015, as part of the merger of the former Kraft Foods and H.J. Heinz Company, and initially held the role of vice president of finance, head of global budget and business planning, zero-based budgeting and financial and strategic planning, the company said. He previously had various roles at private-equity firm 3G Capital, where he worked on big deals, including of Burger King and Heinz. Before that, he did stints at private-equity firm Onex Partners and Goldman Sachs . Kraft Heinz shares were not yet active premarket, but are down 6.7% in 2017, while the S&P 500 has gained 10%.
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