BRF has created the position of global chief operating officer (COO) and the company’s board has selected Lorival Nogueira Luz Jr. to fill that role.
In a material fact posted on the BRF website on June 14, the company announced that the global COO’s primary responsibility will be to oversee the company’s operational management, reporting directly to the global CEO.
In the same announcement, BRF confirmed that Pedro Pullen Parente had been appointed by the company’s board to become the global CEO. That position had been vacant since April 23, but the man selected to become the COO served as the interim CEO following the departure of the last full-time global CEO, José Aurélio Drummond Jr. He resigned from the position, after having only been on the job for about four months.
Appointment will be effective once Parente becomes CEO
While performing the duties as the interim CEO, Nogueira also continued his responsibilities as the company’s chief financial and investor relations officer.
Luz is expected to assume duties as the global COO, once Parente, who is also the chairman of the BRF board, assumes his role as global CEO.
The material fact from BRF stated that because Parente has recently served in a leadership position in a mixed-capital company – he directed state oil company Petrobras – it will be required that Parente request an authorization from the Public Ethics Commission of the Presidency of the Republic, in connection with the existence of a conflict of interest between the former position and the position of BRF’s global CEO.
The material fact did not reveal plans regarding whether a successor for Nogueira as the chief financial and investor relations officer will be named, or whether Nogueira will continue in that role while also being the global COO for the Brazil-based global meat and poultry company.
BRF, according to the WATTAgNet Top Poultry Companies Database, is the third largest broiler company in the world.