Ex-Heinz CEO Johnson joins Advent as operating partner


william johnson heinzGlobal private equity major Advent International has hired former Heinz chairman, CEO and president William Johnson as an operating partner.

Johnson spent a 31-year career with Heinz and was CEO for almost half of that, helping grow the company’s top and bottom-line results and transform it into a global food industry leader.

The move comes a week after Advent lost experienced retail and consumer investment executive Andrew Crawford to US growth equity firm General Atlantic.

Crawford spent more than a decade at Advent working on deals including Bojangles, Charlotte Russe and Five Below.

Advent managing director Jeff Case said, “Bill is one of the premier executives in the consumer packaged goods industry, and we are excited that he has agreed to support the Advent team.

“Bill’s expertise in consumer products and food will complement our extensive experience in the retail space and further strengthen our ability to source new investments and drive value creation in our portfolio.”

Advent has been investing in the retail, consumer and leisure industry for 25 years and has completed more than 50 investments in the sector worldwide.

Global investments over the past five years include Dudalina, The Coffee Bean & Tea Leaf, Party City, Five Below and DFS Furniture.

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