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Sep 3, 2021 · The SEC's complaint against Hofmann alleges that he violated the negligence-based anti-fraud provisions, failed to provide accurate information to accountants, and violated the books and records and internal accounting controls provisions of the federal securities laws.
Sep 8, 2021 · Klaus Hofmann, chief purchasing officer at food giant Kraft Heinz Corporation before leaving in May 2020, “negligently approved and failed to prevent supplier contracts that masked the true nature of the transactions,” between July 2015 and September 2019, according to a court filing by the US Securities and Exchange Commission last week.
Sep 3, 2021 · Klaus Hofmann, former chief procurement officer, and Eduardo Pelleissone, former COO, paid penalties for misleading investors with bogus cost savings. The company agreed to pay $62 million and restated its financial results for three years.
Sep 7, 2021 · The food and beverage manufacturing company and its former COO Eduardo Pelleissone and Chief Procurement Officer Klaus Hofmann are in trouble with the Securities and Exchange Commission (SEC) for...
Sep 3, 2021 · The SEC alleged that Klaus Hofmann, Kraft’s former chief procurement officer, approved improper contracts. The agency said former Chief Operating Officer Eduardo Pelleissone was given many warning signs that expenses were being manipulated but didn’t address them and instead pressured the procurement division to hit unrealistic savings targets.
Sep 3, 2021 · Former chief procurement officer Klaus Hofmann agreed to pay $100,000 and was barred from serving as a public company officer or director for five years in a settlement that is pending court...
July 2015 and September 2019, Hofmann served as KHC’s Global Head of Procurement and Chief Procurement Officer. Hofmann left KHC in May 2020. Prior to his employment with KHC, Hofmann was the Global Head of Procurement for H.J. Heinz Co. (“Heinz”), before Heinz merged with and into Kraft Foods Group Inc. (“Kraft”) to form KHC in 2015.
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