BRF appoints new chief financial and investor relations officer

Brazilian meat-packing company BRF has appointed Carlos Alberto Bezerra de Moura as its new chief financial and investor relations officer. He takes over from BRF’s global CEO, Lorival Nogueira Luz Junior, who has been holding the position on an interim basis.

Formerly executive officer and CFO of mining company Companhia Brasileira de Metalurgia e Mineração (CBMM), a position he has held since 2011, Moura will take up the new role on September 16, 2019.

Moura’s previous roles include corporate vice-president and CFO of Diagnósticos da América (DASA), as well as officer to the wholesale sector and partner of Itaú Unibanco Holding Financeira from 2001 to 2009.

Last month, BRF and Marfrig Global Foods initiated then called off negotiations of a potential business merger between the two companies. The potential new entity would have been the world’s fourth largest meat-packer after JBS, Tyson Foods and China’s WH Group. The decision to halt talks stems from the fact that the parties were unable to reach an agreement on the governance of the combined company, had the transaction occurred.

At the start of the year, BRF concluded the sale of all its Argentinian assets with the sale of its the Campo Austral business for $35 million. In February, meanwhile, Tyson Foods agreed to acquire BRF’s Thai and European operations of in a deal worth around $340 million.