Miguel Patricio to replace Bernardo Hees as group faces suits from employees and shareholders

The owner of Heinz tomato ketchup and Amoy ready meals is attempting to reverse its disastrous start to 2019 with the appointment of a new chief executive.

Kraft Heinz said on Monday that it had hired Miguel Patricio, a veteran of the brewing giant Anheuser-Busch InBev, to replace Bernardo Hees following a slump in the stock market value of the business and the firm’s accounting practices being investigated by the US Securities and Exchange Commission.

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