Ivan Monteiro joins BRF from state-oil company Petrobras where current CEO Pedro Pullen Parente also worked

Ivan Monteiro joins BRF from state-oil company Petrobras where current CEO Pedro Pullen Parente also worked

BRF has reportedly installed Ivan Monteiro as finance chief of the Brazilian meat giant in the latest senior management appointment.

Monteiro joins BRF, which has been selling off a number of business units as part of a restructuring exercise put into motion last year, from state-controlled oil company Petroleo Brasileiro, or Petrobras, Reuters reports.

He had been serving as chief executive of Petrobas after replacing Pedro Pullen Parente, who joined BRF as CEO and chairman during the summer, when the company also created a new chief of operations role to be filled by Lorival Nogueira

Monteiro worked under Parente as financial and investor relations officer at the oil firm, according to the news agency. Monteiro has been replaced at Petrobras by newly-elected president Jair Bolsonaro, Reuters added.

Meanwhile, Elcio Ito, who was working as BRF's financial vice-president and investors relations officer, will step down after a transition period, Reuters noted, citing a statement from the company. 

BRF said Monteiro's appointment as the new financial vice-president is conditional on the approval by a public ethics committee given he recently served as an executive at a publicly-traded state-run company.