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Of the six people indicted in December, one pled guilty to conspiracy to commit money laundering and is cooperating with U.S jcpenney cufflinks. authorities in a parallel investigation of the scheme, Reuters reported in February. Those indictments were focused on the company’s Houston trading desk. Some of the employees interviewed by Petrobras in recent weeks had previously complained of irregularities at the Singapore desk, the sources said, raising the possibility that the probe could expand geographically..

Petrobras did not comment on those allegations. According to documents sent to Brazilian federal police investigators and seen by Reuters, a Singaporean employee complained to Petrobras officials in December 2012 of irregular trading of bunker fuel, which is used by ships jcpenney cufflinks. A subsequent internal investigation found that Petrobras had paid unusual premiums for a significant quantity of bunker fuel in 2012, according to the documents, which were dated late 2012 and early 2013. Internal investigators recommended a series of measures to improve transparency at the Singaporean trading unit. It is unclear if those measures were carried out..

(Reuters) – Kraft Heinz Co named Miguel Patricio as its next chief executive on Monday, hoping the 30-year marketing veteran will revitalize brands such as Planters nuts and Oscar Mayer bacon at one of the world’s largest packaged food companies jcpenney cufflinks. Patricio, a 52-year-old native of Portugal, will take over the top job in July after two decades at Anheuser-Busch InBev, where he rose to become the company’s global head of marketing, building sales of beer brands Corona, Budweiser and others..

Before AB InBev, Patricio worked at major consumer companies including Philip Morris, Coca-Cola Co and Johnson & Johnson. He succeeds Bernardo Hees, 49, who was made CEO in 2015 when Kraft Foods and H.J. Heinz merged jcpenney cufflinks. His appointment comes two months after Kraft Heinz slashed its quarterly dividend, wrote down the value its marquee Kraft and Oscar Mayer brands and other assets by more than $15 billion. It also disclosed that it had been subpoenaed by the U.S. Securities and Exchange Commission. Kraft Heinz’s second-biggest shareholder, Brazilian private equity fund 3G Capital, has pushed the company to rein in expenses to tackle higher costs and sluggish growth, a strategy it has successfully implemented at holdings including Heinz and Anheuser-Busch..

“Great companies are the ones that have the costs in control, that grow the top line, and grow the bottom line – it’s not one or the other, Patricio said in an interview. “I have very good experience on that – on being more efficient every year, which doesn’t mean cutting costs. It means to be more efficient.” jcpenney cufflinks. Kraft’s cost cuts, made at the urging of 3G, resulted in smaller marketing and advertising budgets for key brands like Oscar Mayer bacon and the loss of brand managers, which translated to market share loss to cheaper, private-label competitors, according to two former Kraft Heinz marketing employees..