Brazilian meat giant appoints finance grandee

By Oscar Rousseau

- Last updated on GMT

Related tags: Finance

BRF has made a new appointment to its finance and investor relations team
BRF has made a new appointment to its finance and investor relations team
Brazil-based BRF has appointed the experienced executive Lorival Nogueira Luz Jr as chief financial and investor relations officer. 

The business, which claims to be one of the biggest food companies in the world selling meat in over 150 countries, confirmed Luz Jr will join the outfit in September 2017.

Brazilian Lorival Nogueira Luz Jr has amassed more than 26 years of experience working for big firms across construction, energy, education and finance – but never in the food industry.

Most recently, he has worked for the multi-billion dollar cement giant Votorantim Cimentos, where he was vice-president of finance and investor relations.

Luz Jr’s appointment was approved by the BRF board of directors on 24 August, after the company’s CEO, Pedro De Andrade Faria, called for a meeting to get the new appointment over the line.

He will replace the incumbent Elcio Ito, who has been carrying out finance functions for BRF alongside Faria, although Ito will remain an executive of the business after Luz Jr joins.

Luz Jr will be tasked with providing and efficiency and agility as BRF aims to integrate Ito into the meat industry six months after the company, among others, was hit with allegations it had been selling tainted meat.

Related topics: Brazil, Financial, Industry & Markets

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