Photo: Alex Wong/Getty Images

Kraft Heinz will replace CEO Bernardo Hees, who has led the company since its creation in a 2015 merger of Kraft and Heinz that was arranged by Warren Buffett and private equity firm 3G Capital, with AB InBev's former chief marketing officer Miguel Patricio, effective July 1.

Why it matters: It's the most significant leadership change since the merger, and it comes at a crucial time. Kraft Heinz has been struggling in recent years, with a failed bid for Unilever, stagnant sales, a $15.4 billion writedown of key brands and an SEC investigation into accounting practices.

Between the lines: With Hees' departure, as CNBC points out, "one of the companies most closely associated with 3G Capital will no longer be run by a 3G partner." The founders of 3G Capital, which owns 22% of Kraft Heinz, are among the biggest shareholders of AB InBev, Bloomberg reports.

Go deeper: How Unilever dodged a bullet

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Updated 7 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 2:30 p.m. ET: 19,172,505 — Total deaths: 716,327— Total recoveries — 11,608,417Map.
  2. U.S.: Total confirmed cases as of 2:30 p.m. ET: 4,902,692 — Total deaths: 160,394 — Total recoveries: 1,598,624 — Total tests: 59,652,675Map.
  3. Politics: Trump floats executive action even if stimulus deal is reached.
  4. Education: Cuomo says all New York schools can reopen for in-person learning.
  5. Public health: Surgeon general urges flu shots to prevent "double whammy" with coronavirus.
  6. World: Africa records over 1 million coronavirus cases.

General Motors tries to revive incendiary lawsuit vs. Fiat Chrysler

Illustration: Eniola Odetunde/Axios

General Motors is trying to revive an incendiary lawsuit against Fiat Chrysler Automobiles with explosive new allegations including bribes paid from secret offshore bank accounts and a union official acting as a double agent between the two automotive giants.

Why it matters: The extraordinary legal battle is occurring amid earth-shaking changes in the global auto industry that threaten to turn both litigants into dinosaurs if they aren't nimble enough to pivot to a future where transportation is a service, cars run on electrons and a robot handles the driving.

2 hours ago - Health

Cuomo says all New York schools can reopen for in-person learning

Gov. Cuomo on July 23 in New York City. Photo: Jeenah Moon/Getty Images

New York Gov. Andrew Cuomo announced Friday that all school districts across the state can choose to reopen for in-person learning because it has so far maintained low enough coronavirus transmission rates.

Why it matters: It’s another sign that the state, once the global epicenter of the pandemic, has — at least for now — successfully curbed the spread of the virus even as infections have surged elsewhere around the country.