BRF has hired Lorival Nogueira Luz Jr. to become its new chief financial and investor relations officer, according to an announcement to the market on the company website.
He brings to the Brazil-based meat and poultry company more than 26 years of professional experience, having worked in a variety of business sectors, such as civil construction, energy, education and finance. He was most recently employed by Votorantim Cimentos, which is the largest cement company in Brazil. At Votorantim Cimentos, he served as the finance and investor relations vice president.
His appointment, which will become effective in September, was approved by the BRF board of directors on August 24, upon the recommendation of the global chief executive officer.
The position became vacant after the company announced the resignation of José Alexandre Carneiro Borges on March 10. He had been with the company for about one year. At the time of his resignation, the company stated that Pedro de Andrade Faria would temporarily cumulate the position of investor relations officer and global chief executive officer. Elcio Mitsuhiro Ito will temporarily be the head of the company’s finance area. Ito will remain an executive with BRF with a new scope of work, which will include working with Luz as he transitions into his new role.
The company has seen several instances of employee turnover at the managerial level in recent months. At the same time Carneiro Borges resigned, Rodrigo Reghini Vieira, who served BRF in a leadership capacity in its innovation, marketing and quality operations, also resigned from the company. The company has yet to announce whether it has selected a replacement.
BRF also announced earlier in August that the company’s vice president, José Roberto Pernomian Rodrigues, had resigned. That resignation was pertinent to a recent decision issued by the Regional Federal Court of Appeals in the Third Region, concerning a criminal case. The case was not related to any of BRF’s business activities.