The chief executive of Brazilian food processor BRF SA, José Aurélio Drummond Jr, has resigned, the company said in a securities filing on Monday.
BRF, one of the world’s largest poultry processors, said its Chief Financial Officer Lorival Nogueira Luz Jr. would become interim CEO. Last week, Pedro Parente, chief executive of state-run oil company Petroleo Brasileiro, said he had agreed to become BRF’s new chairman of the board, which should be made official this week when shareholders are expected to elect 10 new board members.
By Marcelo Teixeira
Paine Schwartz Partners has closed on a Paine Schwartz Food Chain Fund VI, L.P. at $1.7 billion. The fund is aimed at investing in the food and agribusiness value chain. The company has invested about 40% of Fund VI in AgroFresh Solutions, Costa Group, Elemental Enzymes, HGS BioScience and Monterey Mushrooms.
After 26 years in Geneva, Switzerland, the decision to move has been made after visitor and exhibitor feedback, as well as growth plans for the Vitafoods brand. Vitafoods Europe 2025 will be held on 20-22 May 2025 at Fira Barcelona, with more details to be announced next year.
The traditional symbol of family reunion and cultural pastry of Asia is undergoing a reinvention. With the majority of young consumers in Asia expressing an increasing interest in healthier options, a growing market for mooncakes tailored to dietary preferences and restrictions is opening up across the globe.