The $100 billion food empire has decided to entrust the financial direction of the firm in the hands of a 29-year-old. David Knopf has worked at Kraft since 2015 and is a partner at 3G Capital. Prior to Kraft and 3G he worked at Goldman Sachs and Onex. He will become one of the youngest CFOs in the history of the fortune 500. I am curious to hear your thoughts on this bold move by one of America's most established firms.
The article can be found here
Crazy, but good for him. Reminds me of Burger Kings Daniel Schwartz. I think they were both at 3G Cap also.
Whats the deal with 3g capital? What drove the decision to hire this guy?
good for him.
A company that large has access to some of the best finance talent in the world. Congrats to him for earning that role.
If he has the skills why not? The guy has a pretty solid resume according tot he 3G website.
Fuckin boss status. What am I doing with my life?
Exact thoughts, What am I doing with my life too?
Bakery is a very respectable profession.
Historical man!
If you read 3G's philosophy, it's a bare-bone, cut every unnecessary penny, cheapen all products mentality. Upon the takeover of BKW, one of the senior management complained at the generous size of the Whopper, etc.
Great for shareholders/investors, not so great for consumers. As such, I've stopped frequenting Burger King, Tim Hortons, and Popeyes Louisiana Kitchen. Plenty of alternatives.
It's no surprise Unilever rejected their takeoffer attempt.
He was also in Forbes 30 Under 30: a truly brilliant finance mind.
WSO:
"What are the exit ops of being Kraft CFO? Is BB IB possible?"
Hahahaha I lost it.
If you look around LinkedIn, there are other younger gents with very high-level positions at Kraft. Just an observation - they are usually Brazilian names, so I assume they have some tie to 3G. I thought I read somewhere that they want younger people in those roles for experience/exposure.
You're saying they place them there and then bring them back to 3g after they acquire experience?
That would be speculating. It was just an observation.
Reviving this thread in light of recent news. I wonder how much this guy aged in a year.
He's now 45 and twice divorced.
That sounds about right
Fuga dolore laborum ut. Id quaerat commodi asperiores error eum provident temporibus. Ex sunt voluptatem necessitatibus vel. Quia unde ut voluptas fuga nemo. Id saepe sit repudiandae facilis dolor. Nihil perferendis consequatur maxime ratione sint. Modi ut ut neque rerum omnis.
Quod blanditiis occaecati eum hic labore hic minima. Cupiditate rerum corporis necessitatibus autem expedita sit. Quo assumenda ut doloremque non maxime alias.
Enim tempore atque repellendus distinctio necessitatibus. Culpa vitae mollitia temporibus. Aut est culpa repudiandae ut. Non aperiam deleniti explicabo eum molestiae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Doloremque assumenda consectetur aut dicta magnam rem quod soluta. Corrupti qui dolores aut in tempore quod rerum sit. Neque beatae est atque optio. Possimus modi est minima autem voluptas tempore deleniti. Ipsam numquam quos et blanditiis consequatur tempore ut dolores. Quia vel a ut. Fuga molestias repellendus recusandae nulla voluptatem in.