CEO Lorival Nogueira Luz jr has been running finance activities since April

CEO Lorival Nogueira Luz jr has been running finance activities since April

BRF has announced Carlos Alberto Bezerra de Moura will be joining the Brazilian meat giant as its new finance chief to replace Lorival Nogueira Luz Jr., who has been filling the role on an interim basis since April after the previous CFO left the business.

Alberto Bezerra de Moura will take up the position on 16 September and will also be responsible for BRF's investor relations, freeing up Nogueira Luz Jr. to concentrate on his main role of chief executive, according to a statement. He stepped into cover the CFO activities on an interim basis after Ivan Monteiro resigned in April due to health reasons, only two months into the job.

The Sao Paulo-based firm has struggled to tie down a CFO for any length of time. Monteiro became CFO in February, replacing Elcio Ito who stepped down that month after becoming the head of finance the previous September.

Senior management changes have plagued BRF as it instigated a restructuring exercise primarily aimed at restoring the company to sustainable growth. The strategy has involved the disposal of a number of business units and operations, including an exit from Argentina with the sale of its pork arm Campo Austral.

BRF has also offloaded its chicken and food products operation in the country to Avex and divested its Argentina-based QuickFood processed food business. It has also sold meat processing assets in the UK, the Netherlands and Thailand to US meat group Tyson Foods.

Most recently, a proposed merger with fellow Brazilian meat firm Marfrig Global Foods was called off because the two parties could not agree on the management structure of a new enterprise that would have created a leading player in worldwide poultry and beef markets.

Incoming CFO Alberto Bezerra de Moura is currently heading up Companhia Brasileira de Metalurgia e Mineração as its CEO and finance chief and has been at that business since 2011. Prior to that he was vice-president and CFO of Diagnósticos da América.