Warren Buffett is stepping down from Kraft Heinz board

CHICAGO (AP) — 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.

Free News Delivery by Email

Would you like to have the day's news stories delivered right to your inbox every evening? Enter your email below to start!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.