Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Advent Wins Ex-Heinz CEO Johnson as Operating Partner

Don't Miss Out —
Follow us on:

(Corrects spelling of Advent in headline.)

July 2 (Bloomberg) -- Advent International Corp., the $32 billion Boston-based buyout firm, said it engaged William Johnson, the former HJ Heinz & Co. chairman and chief executive officer, as operating partner to help identify investments in the consumer industry.

Johnson will focus on consumer packaged goods and food, Advent said today in a statement. The firm has more than 60 senior industry executives in its operating partner program, who work as independent consultants to Advent and its portfolio companies.

Heinz was taken private last year by Warren Buffett’s Berkshire Hathaway Inc. and Jorge Paulo Lemann’s 3G Capital, and Johnson was replaced by former Burger King Worldwide Inc. CEO Bernardo Hees. Johnson, 65, led the food maker for 15 years and pushed through a turnaround plan after investors including Nelson Peltz agitated for change.

To contact the reporter on this story: Christian Baumgaertel in Boston at cbaumgaertel@bloomberg.net

To contact the editors responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net