Kraft Heinz banks on Anheuser-Busch exec in strategy shift
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(Reuters) - Kraft Heinz Co replaced Chief Executive Officer Bernardo Hees with Anheuser-Busch InBev veteran Miguel Patricio, changing leadership after years of cost-cutting that has hurt some of its biggest brands.The announcement follows a cut in the company's dividend payouts to investors after it wrote down the value of the Kraft and Oscar Mayer brand names and other assets by more than $15 billion(£11 billion) in February. It also faces a U.S. Securities and Exchange Commission probe into..