New CEO announced for Marfrig

By Aidan Fortune contact

- Last updated on GMT

Marfrig announces new CEO
International meat processor Marfrig Global Foods has announced Eduardo Miron as its new chief executive officer.

Miron replaces Martín Secco, who has held the position since 2015.

He joined Marfrig in 2010 and has been the chief financial and investor relations officer during this time. 

Before joining Marfrig, Miron worked at Grupo Safra and Cargill. He holds a degree in accounting, a graduate degree in finance and an MBA from Business School São Paulo/University of Toronto.

Marcos Molina dos Santos, controlling shareholder and chairman of the board, explained the decision to appoint Miron.

“The choice of Eduardo Miron as CEO underlines our commitment to a financially and operationally sustainable Marfrig,”​ he said. “Miron was at the forefront of the company’s most recent strategic operations: the acquisition of controlling interest in National Beef and the divestment of Keystone. These transactions have transformed Marfrig into a simpler company focused on beef and supported by a global production and distribution platform. Also, Marfrig is now a company with low financial leverage.”

Miron said Marfrig would “redouble its efforts to create value supported by financial sustainability, by the integration of and capture of synergies at National Beef and, in South America, by a management strategy centred on operational excellence, on adding value to its products and brands and on revamping its structure”.

“We will strive to create value in all dimensions of the business. We want to be recognised as a sustainable company for our financial management, for the returns we offer shareholders and investors and for our relations with cattle producers, employees, clients and consumers.”

Restructure

The business also underwent a significant restructure. It now comprises two operations: South America, which is responsible for the operations in Brazil, Uruguay, Argentina and Chile; and North America, which consists of the operations of National Beef and the beef patty plant in North Baltimore.

Miguel Gularte is head of the South America operation. He began his career at the Meat and Meat Products Industrial Cooperative (Cicade) and later served as CEO of the Uruguayan meatpacker PUL, as international vice-president of Minerva and as CEO of JBS Mercosul. At Marfrig, he will be responsible for the 31 units in operation in Brazil, Uruguay, Argentina and Chile.

The North America operation will continue to be led by Tim Klein, CEO of National Beef. Klein has been with National Beef since 1997. He was the company’s chief operating officer until being named CEO in July 2009.

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