Sector News

Rial leaves Marfrig to join Santander Brasil board, sources say

January 15, 2015
Consumer Packaged Goods
(Reuters) – Sergio Rial, who stepped down early on Thursday as chief executive officer of Brazilian meatpacker Marfrig SA, plans to join Banco Santander Brasil SA as chairman of the board within a few hours, two sources with direct knowledge of the situation said.
 
Rial, a former investment banker with a combined 20-year experience at Bear Stearns Cos and ABN Amro NV, was replaced by Martin Secco Arias as Marfrig’s CEO. Rial had become CEO of the Sao Paulo-based meatpacker in January last year.
 
Santander Brasil declined to comment. Efforts to reach Rial for comment were unsuccessful. (Reporting by Guillermo Parra-Bernal and Aluísio Alves; Editing by Meredith Mazzilli)

comments closed

Related News

February 17, 2024

Chocolate prices likely to remain at a record high for 2024

Consumer Packaged Goods

A report from ingredients supplier Henley Bridge has warned that cocoa price increases of 15-20% for the first half of 2024 might continue into the second half of the year. Despite growth in global cocoa supply in 2021, unfavourable weather conditions and demand from emerging markets have led to supply deficits.

February 17, 2024

DSM-Firmenich to separate Animal Nutrition & Health business

Consumer Packaged Goods

By carving out the ANH business, DSM-Firmenich would focus fully on its Perfumery & Beauty; Taste, Texture & Health; and Health, Nutrition & Care divisions. Full focus on these businesses is expected to enhance commercial potential and synergies, supporting “consistent growth outlook alongside robust margins”.

February 17, 2024

Cargill expands partnership with foodtech company Enough

Consumer Packaged Goods

Cargill and Enough are expanding their partnership to further develop nutritious and sustainable alternative meat and dairy solutions. Cargill has signed a commercial agreement to use and market Enough’s Abunda protein and has also invested in the company’s Series C growth funding round.

How can we help you?

We're easy to reach