Teresa is turning the chair of her foundation over to her sons, in rotation [View all]
The succession plan was finally disclosed Monday when Mrs. Heinz, 77, announced that she will step down in October as chair of the foundation with assets of $1.6 billion. Her three sons will fill the chairmans seat in a series of four-year rotations beginning with Andre Heinz.
Andre Heinz, who is 46 and the middle son of Mrs. Heinz and her first husband, the late Sen. H. John Heinz III, will serve until 2020 when his younger brother, Christopher Heinz, 43, steps up as chair.
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(followed by the oldest son John)>
This is an enormously proud and fulfilling moment for me, Mrs. Heinz said in a statement. For some while, I have considered how our familys deep and extensive philanthropic legacy will continue to grow and to strengthen over time, and I am delighted that the groundwork is laid for the next generation to engage in the leadership of the foundation.
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Shes actually doing pretty well, said Mr. Oliphant, who added that Mrs. Heinz participated in a pretty intense two-day board meeting at the Downtown-based endowments last week and while in town attended a reception held in her honor at the H. John Heinz III College at Carnegie Mellon University. She did a terrific job, he said. She spoke off the cuff and was strong throughout the meetings.
http://www.post-gazette.com/local/city/2016/05/23/Teresa-Heinz-to-step-down-as-chair-of-Heinz-Endowments/stories/201605230133
I hope that Mr Oliphant is being honest on Teresa's health. The article says she will stay involved. Strange to think that this couple who have served humanity as much as they have might both have time for themselves starting next January.