Warren Buffett will step down from the board of Kraft Heinz at the company’s annual meeting in April, the foodmaker said Friday.
The chairman and chief executive of Omaha-based Berkshire Hathaway, 87, decided to retire from the board as he decreases his travel commitments, Kraft Heinz said. The company has head offices in Chicago and Pittsburgh.
Also on the board are Berkshire executives Greg Abel and Tracy Britt Cool.
Berkshire is the company’s largest shareholder.
“It has been an honor to work with Warren for the past five years,” said Alex Behring, chairman of the Kraft Heinz board. — Brad Davis
The Omaha World-Herald is owned by Berkshire Hathaway Inc.