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Michael G. Mullen

Warren Buffett to retire from Kraft Heinz board of directors

Warren Buffett to retire from Kraft Heinz board of directors

Warren Buffett will retire from Kraft Heinz’s board of directors later this year at its annual shareholder meeting, the company announced Friday.

Kraft Heinz, co-headquartered in Chicago and Pittsburgh, is financially backed by Buffett’s Berkshire Hathaway and largely controlled by the Brazilian private equity firm 3G Capital. Buffett, 87, is retiring to reduce his travel commitments, the company said in its announcement.

His retirement does not signify a new direction for Kraft Heinz, said Michael Mullen, Kraft Heinz spokesman, in an email.

“(Buffett’s) many invaluable contributions to Kraft Heinz will have a lasting impact on the company for years to come. The board of...

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