Tag Archives: Bill Johnson

Bernardo Hees to be Appointed Chief Executive Officer of H.J. Heinz Company Following Completion of

By Business Wirevia The Motley Fool

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Bernardo Hees to be Appointed Chief Executive Officer of H.J. Heinz Company Following Completion of the Acquisition by 3G Capital and Berkshire Hathaway

PITTSBURGH–(BUSINESS WIRE)– 3G Capital and Berkshire Hathaway today announced that Bernardo Hees will become Chief Executive Officer of H.J. Heinz Company (NYS: HNZ) upon completion of the previously announced acquisition of Heinz by an investment consortium comprised of Berkshire Hathaway and 3G Capital.

Mr. Hees (43) has been Chief Executive Officer of Burger King Worldwide, Inc. (BKW) since September 10, 2010. Prior to joining BKW, Mr. Hees was Chief Executive Officer of America Latina Logistica (ALL), Latin America‘s largest railroad and logistics company.

Alex Behring, Managing Partner at 3G Capital said, “Bernardo is a proven executive with an unparalleled track record of delivering results. Over the past two and a half years at Burger King, Bernardo grew adjusted EBITDA by 44 percent from $454mm in 2010 to $652mm in 2012 and expanded the company’s adjusted EBITDA margin by 14% from 19% in 2010 to 33% in 2012. His combination of experience, leadership skills and broad understanding of the food industry make him the ideal leader to drive the next chapter in Heinz’s storied history. Bernardo will work closely with Heinz’s current Chairman, President and CEO, Bill Johnson, and the management team to ensure a smooth transition over the coming months.”

Commenting on his appointment, Mr. Hees said, “I am honored to be appointed the next CEO of Heinz, building upon the great success established during Mr. Johnson’s tenure. Heinz is one of the premier food companies in the world, led by the iconic Heinz Ketchup business. I look forward to joining the team and working in close partnership with the Company’s senior management, employees and customers to strengthen the business both domestically and internationally, while continuing to delight consumers with great tasting food products. On a personal level, my family and I are excited to be relocating to Pittsburgh and look forward to calling this great city home.”

Mr. Johnson will remain as Chairman, President and CEO of Heinz until the transaction is complete. 3G Capital and Berkshire Hathaway expect to discuss with Mr. Johnson his interest in a continuing role with the Company post closure following the shareholder meeting on April 30. Under Mr. Johnson’s leadership, Heinz has successfully reshaped its business to focus on the core brands, categories and geographies where it has leading market positions and the capabilities to drive consistent, profitable growth. Reflecting Mr. Johnson’s strong commitment to delivering sustainable growth for Heinz shareholders, Heinz has become one of the best-performing global companies in the packaged foods

From: http://www.dailyfinance.com/2013/04/11/bernardo-hees-to-be-appointed-chief-executive-offi/

Police in Iowa city to buy their own semi-automatic AR-15s

By Joshua Rhett Miller

Police in one Iowa city could soon be buying their own assault rifles to carry in squad cars to ensure they aren’t outgunned by criminals in the wake of several high-profile shootings involving semi-automatic AR-15s, FoxNews.com has learned.

Half of the 50-member force in Marion, Iowa, will take part in the upgrade, paying for the $2,000 guns in installments deducted from their paychecks, according to Police Chief Harry Daugherty. He said the proposal, expected to be approved by the city’s seven-member City Council late Thursday, will mean initial responders will have enough firepower to deal with heavily armed suspects. Currently, only members of Marion’s 12-member SWAT team carry AR-15s.

“We can’t wait for SWAT to get there,” Daugherty told FoxNews.com. “We have to do something and, at this point, the chances of the assailant having more firepower [than responding officers] is greater than vice versa. I want them to at least be on the same playing field when we’re going into these types of situations.”

Marion, a city in eastern Iowa with roughly 38,000 residents, had zero recorded homicides in 2012, Daugherty said. The proposal to equip half of the department’s officers with high-powered assault rifles is not in response to any threat, he said, though he noted semi-automatic weapons were used in several recent shootings, including last summer’s massacre at an Aurora, Colo., movie theater, the December shootings at an elementary school in Connecticut and an ambush of two firefighters in upstate New York.

“They’re not going to be pulling out this weapon unless they absolutely need it,” Daugherty said. “But if something comes up, it’s nice to know that you’re on the same plane as what you’re dealing with.”

Under the proposal, the city will initially buy the AR-15s for $50,000. Twenty-five officers will then see roughly $55 deducted from their biweekly paychecks for the next 18 months to cover the cost of the firearm. At that point, the semi-automatic rifle becomes the officer’s property until he or she leaves the department or is terminated, at which point they will sell it back to the department, Daugherty said.

“They’ll never be out of anything,” he said of the officers. “This is about loyalty and wanting to do what’s right.”

Marion officers are currently equipped with shotguns and either a 9-mm. handgun or a 40-caliber Glock. City officials provide everything but the officer’s sidearm, Daugherty said, and are now considering changing that policy as well to include the roughly $500 cost.

Not everyone welcomed the news, however, of potentially seeing much more firepower on the streets of Marion.

Jennifer Rockwell told KWWL.com the proposal was a bit too much.

“The protection that we have now is significant, bringing in more guns is just asking for more trouble,” Rockwell told the website.

Daugherty disagreed with that sentiment, saying he “needs to sleep at night,” too.

“What we’re proposing here, this makes sense,” he told FoxNews.com. “The situations that are out there nowadays, this is what they’re dealing with. I hope they never have to pull it, but they will be trained and qualified to do so if they do. If something happens at one of our schools, I just don’t want to send my officers into a situation where they’re set up to fail.”

At least one national law enforcement organization believes Daugherty is onto something.

“I do not think it’s too much firepower,” said Bill Johnson, executive director of the National Association of Police Organizations. “It’s certainly a sound decision by the chief to equip the officers with better weapons to protect themselves and better protect the public.”

And in an ironic twist, Johnson said would-be targets of those AR-15s will appreciate the likely change as well.

“For me, if I had to choose, I’d rather be shot by an AR-15 than a shotgun,” he said. “It’s more accurate over a longer range and you can neutralize a threat without exposing them or officers to greater danger.”

Source: FULL ARTICLE at Fox US News

Crowdfunding: The Future Of The Film Industry?

By Ilya Pozin, ContributorFifty days to raise $450,000 — sounds like a challenge, right? Not for Hollywood heavyweight, Bill Johnson. He feels confident that his latest film endeavor, Backseat Driver, is worth the mission. Online crowdfunding is a growing necessity for independent filmmakers. Founded in 2008 and 2009, sites like Indiegogo and Kickstarter have […]
Source: Forbes Latest