Abilio Diniz, the current chairman of Brazilian food processor BRF SA, has invited Pedro Parente to replace him, Diniz’s investment firm Península Participações said in a statement late on Wednesday.
Parente is already the chief executive of state-run oil firm Petroleo Brasileiro SA and chairman of the board of financial exchange operator B3 SA Bolsa Brasil Balcao . A source told Reuters earlier on Tuesday that Parente will remain CEO of Petrobras regardless of any new duties at BRF but may leave his post at B3.
By Ana Mano
A new wave of brands is emerging that promotes indulgence and rejects the notion of sacrifice. Low-maintenance “hangover” beauty products are designed to address the effects of late nights and partying without judgment or hassle, and even include cosmetics that are formulated in a way that means you can fall asleep in your makeup without feeling guilty.
The pilot will allow the company to scale circular packaging in about 18 markets over the next three years, an approach that jumps on the success of similar efforts in the company’s Indonesia ecoSPIRITS program, which launched in 2022 and is active in 38 bars.
Unilever’s focus on purpose across its brands has been a source of criticism from some of its investors. Its new CEO Hein Schumacher says the company now recognises there are some brands where the concept is simply not relevant.