Sector News

Brazil poultry packer BRF names Pedro Faria CEO

September 26, 2014
Food & Drink
(Reuters) – The board of Brazil’s BRF SA, the world’s largest poultry exporter, named Pedro Faria its new chief executive officer, effective Jan. 1, the company said in a securities filing on Thursday.
 
Faria will replace Claudio Galeazzi, a partner at investment-banking firm BTG Pactual Group, who became CEO in August 2013. Galeazzi had agreed to stay only until the company consolidated its position as an important player in the international processed foods business.
 
BRF is the product of the 2009 takeover of Brazilian meat-packer Sadia by rival Perdigao.
 
Faria, who was previously the company’s international CEO, is not expected to make dramatic changes in BRF’s strategy.
 
BRF acquired Federal Foods in Abu Dhabi this year and also plans to open a processed-foods plant in the Middle Eastern country to improve access to distant Asian markets such as Indonesia. (Writing by Caroline Stauffer and Jeb Blount; Editing by Dan Grebler)

comments closed

Related News

May 21, 2022

Cécile Béliot becomes Bel Group CEO

Food & Drink

Cécile Béliot has assumed the role of Bel Group chief executive officer, following the decision to separate the roles of chairman and CEO. The separation of the functions will enable Bel Group to develop in three areas of healthy snacking. Meanwhile, the company’s former CEO, Antoine Fiévet, has had his mandate renewed as chairman of the board.

May 21, 2022

“Corporate greed and dereliction of duty”: FDA commissioner slammed over infant formula shortage

Food & Drink

US Food and Drug Administration (FDA) Commissioner Dr. Robert Califf was grilled by lawmakers during a House Appropriations subcommittee hearing, where he was slammed over the agency’s handling of the escalating infant formula shortage.

May 21, 2022

Sweegen hails antioxidants and bitter blocking tech a turning point for sugar reduction and healthy aging

Food & Drink

Sweegen is ramping up its efforts to reduce sugar across F&B applications while simultaneously tapping into the benefits of using antioxidants and bitter blocking technology. Speaking to FoodIngredientsFirst, Casey McCormick, vice president of global innovation at Sweegen, says product developers can find a broad range of solutions in Sweegen’s nature-based sweetener systems as brands elevate better-for-you foods.