BRF - new CFO appointed.

BRF - new CFO appointed.

Brazilian food group BRF has brought in an experienced executive in the shape of Lorival Nogueira Luz Jr as chief financial officer and investor relations officer.

The appointment follows soon after the company reported another quarter in the red, leading to an overall first-half loss of more than BRL448m (US$141.6m).

Nogueira Luz Jr, who will take up his new role next month, has more than 26 years of professional experience, He has held senior positions in a range of business sectors, including civil construction, energy, education and financing. 

His most recent position was at cement firm Votorantim Cimentos, where he acted as finance and investor relations vice-president.

Elcio Ito, who has been carrying out the finance functions of BRF as interim, together with CEO Pedro Faria, will remain as an executive of BRF and will help with Nogueira Luz Jr's integration.

BRF's previous permanent CFO, Jose Alexandre Carneiro Borges, resigned in March.

Santa Catalina-based BRF - the result of the merger between Brazilian food companies Sadia and Perdigao - has more than 30 brands in its portfolio and its products are sold in more than 150 countries. It has more than 100,000 companies and has more than 50 factories in eight countries.