The board of Brazilian food processor BRF SA on Thursday elected Chairman Pedro Parente to the additional post of chief executive, the company said in a securities filing.
Parente, the former CEO of state-controlled oil company Petróleo Brasileiro SA, will hold both positions for an initial period of 180 days, BRF said. Reuters reported on Wednesday that he had been invited to become CEO.
Parente abruptly left Petrobras on June 1 following government interventions on fuel pricing in the wake of a truckers strike over rising diesel costs.
He was seen as a key element in turning the oil company around in the last two years and his departure sparked a sell-off in Petrobras shares.
Parente has a six-month non-compete agreement as former Petrobras CEO, but received clearance from a government ethics commission on Thursday to take the BRF job because the companies operate in very different areas.
Parente was elected BRF chairman in April when shareholders were seeking a management overhaul in the wake of a food safety probe and poor results.
BRF shares have fallen 43 percent so far this year. They gained 3.32 percent on Thursday.
BRF also said it created the new position of global chief operating officer, which will be held by interim CEO Lorival Nogueira Luz Junior.
By Marcelo Teixeira
Source: Reuters
Danone has appointed Carla Hilhorst to the newly created position of senior vice president of research and innovation categories and zones, as the company looks to make science the heart of its business. Hilhorst, who brings over 30 years of experience in research and innovation, will report directly to Isabelle Esser, Danone’s chief research, innovation, quality and food safety officer.
The move, part of Pernod Ricard’s strategy to enhance its premiumisation efforts, will allow the company to focus more resources on its portfolio of premium international spirits and champagne brands that drive the growth of its business. This decision aligns with the company’s commitment to delivering sustainable value for shareholders, employees, clients and partners.
Schai – who is the current CEO of Swiss chocolate company Lindt & Sprüngli’s Australian operation – has previously worked with Aryzta from 2015-2018, where he served in roles including managing director for Asia Pacific and global strategic business lead (McDonald’s). The fast-food giant McDonald’s is one of Aryzta’s significant clients.
