Humberto Alfonso
Kraft HeinzAbout Humberto P. Alfonso
Independent director of The Kraft Heinz Company since May 2023; age 67. Former CFO and international operator in global CPG and advisory sectors, including CFO of Information Services Group, CFO and President International at The Hershey Company, with deep financial management and audit expertise; Board-designated “audit committee financial expert.”
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Information Services Group, Inc. | EVP & Chief Financial Officer | Jun 2021–Aug 2023 | Led public company finance and reporting for tech advisory firm. |
| Yowie Group Ltd. | Chief Executive Officer, Global | 2016–2018 | Operating CEO of brand licensing consumer products; board service 2017–2018. |
| The Hershey Company | President, International | 2013–2015 | Ran international P&L expansion and strategy. |
| The Hershey Company | EVP & Chief Financial Officer | 2007–2013 | Public-company CFO overseeing reporting, capital allocation. |
| The Hershey Company | VP Finance, North America | 2006–2007 | Regional finance leadership. |
| Cadbury Schweppes PLC | Senior & Executive Finance Roles | 2003–2006 | Multinational confectionery finance leadership. |
| Pfizer Inc. | VP & CFO, Adams Brands | 2000–2003 | Consumer brands finance leadership post-Warner-Lambert. |
| Warner-Lambert Company | Various Finance Positions | 1983–2000 | Progressive finance roles in pharma/consumer. |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Eastman Chemical Company | Director (public company) | Since 2011 | Current public board; chemicals exposure relevant to packaging/materials. |
| Yowie Group Ltd. | Director | 2017–2018 | Prior public company board. |
Board Governance
- Committee assignments: Audit Committee member; Audit met 9 times in 2024. The Board determined Alfonso qualifies as an “audit committee financial expert.”
- Independence: Board affirmed Alfonso is independent under Nasdaq standards.
- Attendance: In 2024, each incumbent director attended 100% of Board and assigned committee meetings; executive sessions held at all Board meetings.
- Time commitments/conflict guardrails: Director time limits and audit committee limits codified; related person transactions reviewed by Governance Committee; anti-hedging and anti-pledging policy in place.
Fixed Compensation
| Component ($) | 2023 | 2024 |
|---|---|---|
| Fees Earned or Paid in Cash | — | 97,235 |
| Stock Awards (grant-date fair value) | 125,011 | 185,032 |
| Total | 125,011 | 282,267 |
- Program structure (non-employee directors): Annual cash retainer $100,000 and stock award $185,000 in 2024; additional retainers for Lead Director ($30,000), and Committee Chairs (Audit $25,000; Compensation $20,000; Governance $20,000). No meeting fees.
- Stock ownership guidelines: 6x annual cash retainer ($100k) within 5 years; all directors currently in compliance.
Performance Compensation
Directors receive deferred stock, not performance-linked PSUs. For compensation oversight context, KHC executive long-term incentives (PSUs) are tied to the following metrics:
| PSU Metric | Weight | Design Detail |
|---|---|---|
| 3-year average annual TSR vs peer group | 40% | TSR capped at target if Company TSR is negative. |
| 3-year Organic Net Sales CAGR | 30% | Company-specific growth metric. |
| 3-year cumulative Free Cash Flow | 30% | Cash generation discipline. |
Note: Directors are not eligible for PSUs; metrics above inform Alfonso’s audit and compensation oversight of pay-for-performance alignment.
Other Directorships & Interlocks
| Company | Relationship | Potential Interlock/Conflict Notes |
|---|---|---|
| Eastman Chemical Company | Current public director | KHC’s Governance Committee reviews related person transactions; no related-party transactions or compensation committee interlocks disclosed involving Alfonso in 2024–2025. |
Expertise & Qualifications
- Financial & accounting, enterprise leadership, risk management, strategic transactions, CPG industry, global/emerging markets.
- Board-designated audit financial expert; Audit Committee financial sophistication confirmed for all members.
Equity Ownership
| Metric | Mar 4, 2024 | Mar 10, 2025 |
|---|---|---|
| Shares Owned | — | — |
| Shares Acquirable within 60 Days | — | — |
| Deferred Stock Units (incl. DEUs) | 3,166 | 11,293 |
| Total Beneficial Ownership | 3,166 | 11,293 |
| % of Shares Outstanding | <1% | <1% |
- Hedging/pledging: Company policy prohibits pledging, short-selling, and derivative hedging of KHC securities.
- Section 16 compliance: Company reports timely filings by Reporting Persons for FY2024; no delinquent reports noted.
Governance Assessment
- Strengths: Independent director with deep public-company CFO experience and designated audit financial expert; active Audit Committee membership aligns with KHC’s emphasis on risk, controls, and cybersecurity oversight; 100% meeting attendance supports board effectiveness.
- Alignment: Director equity grants and stringent 6x retainer holding guideline enhance ownership alignment; anti-hedging/pledging reduces misalignment risk.
- Investor confidence signals: Strong say-on-pay support (~96% approval at 2024 meeting) and continued pay-for-performance framework.
- RED FLAGS: None disclosed regarding related-party transactions, hedging/pledging, attendance shortfalls, or compensation anomalies for Alfonso.