Sector News

CEO of Brazil's BRF resigns; CFO to become interim head -filing

April 24, 2018
Food & Drink

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

Source: Reuters

comments closed

Related News

December 3, 2022

AI central to Nestle’s innovation overhaul

Food & Drink

Nestle SA has accelerated its product development process by 60% since 2016, according to the company. The faster speed to market has been achieved through a restructuring of its research and development process. Now the company is investing in various forms of artificial intelligence (AI) and machine learning to further improve its R&D process and generate better results.

December 3, 2022

Takeover on the horizon? Brenntag makes preliminary indication of interest for Univar Solutions

Food & Drink

German chemicals distributor Brenntag has confirmed potential takeover talks with US rival Univar Solutions and is understood to be debating the feasibility of a potential acquisition in the coming months. Univar Solutions confirms that it has received a preliminary indication of interest from Brenntag regarding a potential transaction.

December 3, 2022

Cargill announces purchase of Owensboro Grain Company

Food & Drink

Cargill has announced the acquisition of Owensboro Grain Company, a soybean processing facility and refinery located in Kentucky. The purchase of the Owensboro-based company will support Cargill’s efforts to “modernise and increase capacity across its North American oilseeds network to support growing demand for oilseeds driven by food, feed and renewable fuel markets”.