Marfrig Global Foods names Martin Secco Arias CEO
Sergio Rial resigns as top executive of meat, poultry and food company
Martin Secco Arias has been appointed the CEO of Marfrig Global Foods, replacing Sergio Rial, who has submitted his resignation. Secco has previously served as the CEO of Marfrig Beef Southern Cone.
The appointment will be effective February 16.
Secco has worked in Marfrig Global Foods for over eight years, beginning with the acquisition of Frigorífico Tacuarembó in Uruguay, a company owned by his family. Secco holds a bachelor’s degree in business administration from Universidad Católica Dámaso Antonio Larrañaga and a graduate degree in senior management from Universidad de Montevideo. His career is marked by long experience in the animal protein industry and he recently obtained important results at the units under his command (Uruguay, Argentina, Chile and the state of Rio Grande do Sul in Brazil).
“The strategy of Marfrig Global Foods will not change," said Secco. “Our commitment to pursuing positive free cash flow, margin expansion, sustainable growth and a multi-annual deleveraging process remains the same. We remain committed to creating value for the company.”
Rial ending successful tenure at Marfrig
Rial has led the Brazil-based meat, poultry and food company over the last two and half years, implementing the company’s “Focus to Win” strategy, which significantly improved the integration and performance of the Marfrig Global Food.
Commenting on his departure, Rial said: “As part of the succession process, we have an executive committee that is prepared to effectively take decisions, with Martin at the helm and the other CEOs leading their respective business units. Martin participated on the development of the new strategy in 2013, working together with the vice-presidents, who are also members of the executive committee and are committed as a group to effectively executing the ‘Focus to Win’ strategy.”