Brazilian meat giant BRF has named Elcio Ito as its new chief financial officer to replace Lorival Nogueira Luz.

BRF said today (3 September) Ito will also serve as investor relations officer. The move will give Luz the opportunity to focus on his other position, that of chief operating officer, a role BRF created in June. 

Ito has 20 years of experience in finance, planning and commodities and has previously worked at Lloyd’s Bank and General Motors. He has been at BRF for seven years, holding positions in treasury, budgeting, and risk management.

In 2017, he occupied temporarily the position of chief financial officer for six months and, in October of the same year, he took over as vice-president of integrated planning.

Ito becomes the latest in a string of executive changes at Sao Paulo-listed BRF, which in July announced a major restructuring exercise for its global operations.

Pedro Pullen Parente was installed as chief executive in July after José Aurélio Drummond Jr. resigned. However, at the time, the company said Parente would only occupy the CEO and chairman seats for 180 days, upon which it would need to ask for an extension under listing regulations for another year. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

BRF today announced a couple of other management changes. Leonardo Dallorto takes over as vice-president of integrated planning. He has been serving as executive director for industrial operations since March. Also, Rubens Pereira has been hired as vice-president of strategy, management, and innovation, effective from 1 October.