BRAZIL: Marfrig promotes dos Santos to CFO

By Dean Best | 12 February 2013

Dos Santos will combine current roles with job as CFO

Dos Santos will combine current roles with job as CFO

Brazilian meat giant Marfrig has named VP of finance Ricardo Florence dos Santos as its CFO.

Dos Santos will replace Alexandre Mazzuco, who will "pursue other professional challenges and focus on personal projects", Marfrig said.

It is the second senior management change in three months. In November, Marfrig appointed former Cargill CFO Sergio Rial to lead its processed food division, Seara Foods.

Dos Santos will combine the role of CFO with his existing positions of VP of finance and investor relations officer.

The company will report its financial results for 2012 next month.

Show the press release

 

Change in the Board of Executive Officers

 

São Paulo, February 8, 2013Marfrig Alimentos S.A. (BM&FBOVESPA: MRFG3; Level 1 ADRs: MRTTY”), one of the largest food and food services companies worldwide, today announces that the Board of Directors has elected Mr. Ricardo Florence dos Santos to serve as Chief Administrative and Financial Officer – CFO of the Company, replacing according to the bylaws Mr. Alexandre Mazzuco who has stepped down. Mr. Ricardo Florence has been our Vice President of Finance and Investor Relations Officer (IRO) according to the bylaws and will be accumulating his current position with that of the office for which he has now been appointed.

Mr. Alexandre José Mazzuco, who also served as treasury officer of Marfrig Alimentos S.A., and whose staunch dedication and unwavering contributions over the last decade have helped to shape and drive our Company to greater heights, closes another chapter of his solid career in finance to pursue other professional challenges and focus on personal projects.

The Marfrig Group would like to express deep gratitude to Mr. Alexandre Mazzuco for his commitment and dedicated work over the years and wishes him much success in future endeavors.

 

Original source: Marfrig

Expert analysis

Meat Snacks Market in Brazil to 2016

The report presents detailed data on consumption trends in the Meat Snacks category in Brazil, analyzing consumption volumes and values. It also provides indispensable data on distribution channels, profiles of companies active in the Savory Snacks sector, latest industry news and mergers & acquisitions in the sector. Furthermore the report enables readers to examine the components of change in the industry by looking at historic and future growth patterns – how consumers’ changes in behavior have affected total volumes, values and type of products chosen.

Sectors: Emerging markets, Meat & poultry

Companies: Marfrig, Cargill

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