Bernardo Hees is a notable figure who served as the CEO of The Kraft Heinz Company, a major player in the global food industry, from July 2015 until June 2019. He holds an MBA from the University of São Paulo,...

Number of Employees

36K

Year

2019

Total Compensation

$2.83M

Salary

$536.54K

Board Justification

The compensation philosophy emphasizes pay for performance, aligning executive compensation with the company's financial performance and stockholder interests.

Bonus

$1.08M

Board Justification

The bonus was based on performance metrics related to Kraft Heinz’s financial performance and Mr. Hees’ individual performance objectives, calculated at 85% of target.

Other

$1.21M

Board Justification

This includes accrued vacation paid out pursuant to his separation agreement, as well as other compensation elements such as relocation expenses and tax support.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock awards vested in 2019 as Mr. Hees separated from the company in June 2019.

Performance Metrics

Performance metrics included Adjusted Net Income and NSV, with a focus on achieving financial targets.

SEC Filing

From March 27, 2020