Sector News

Brazil's BRF shareholders confirm Parente as chairman in board overhaul

April 27, 2018
Food & Drink

Shareholders of Brazil’s BRF SA elected Pedro Parente as chairman on Thursday, part of a broad board overhaul targeting a turnaround at the food company in the wake of a food safety probe that caused plant closures, an export ban and a fierce boardroom rift.

Parente, who is currently chief executive of oil company Petroleo Brasileiro SA, said if confirmed on Thursday he would stay on at Petrobras but resign from the board of stock exchange operator B3 SA Brasil Bolsa Balcão.

By Ana Mano and Marcelo Teixeira

Source: Reuters

comments closed

Related News

November 19, 2022

Cultivated meat revolution changes gear as FDA gives “historic” nod to cell-based chicken in US

Food & Drink

Upside Foods has become the first company in the world to receive a “No Questions” letter from the US Food and Drug Administration (FDA) for cultivated meat, poultry or seafood, which means the government food agency accepts Upside’s conclusion that its cultivated chicken is safe to eat.

November 19, 2022

Technomic predicts rise in in-person dining for 2023

Food & Drink

While inflation and heightened interest rates have created the threat of a possible recession, Technomic’s first trend predicts the impact on the foodservice industry to be relatively mild. The company estimates rising grocery prices will help close the value gap between dining at home or at a restaurant, incentivizing consumers to eat out.

November 19, 2022

Oatly reorganizing as losses mount

Food & Drink

A week after Beyond Meat, Inc., said it was pivoting to improve company performance, Oatly Group AB announced its own pivot. Following weak third-quarter results, the company is shifting to a “hybrid” manufacturing model and reducing costs in its Europe, Middle East and Africa (EMEA) region through cost and headcount reductions.