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BRF appoints ex-Petrobras head as CEO

BRF SA's board appointed Pedro Parente as the food processing company's CEO, Reuters reported June 14, citing a Brazilian securities filing.

Parente, who already serves as chairman of BRF in Brazil, is the former CEO of state-controlled oil company Petroleo Brasileiro SA, also known as Petrobras. He is under a six-month noncompete agreement with Petrobras, but a Brazilian government ethics commission approved the BRF appointment as there was no conflict of interest.

Parente left Petrobras on June 1 in the aftermath of a protest by oil and trucking workers over rising fuel prices in Brazil. The strike halted production at some of BRF's pork- and chicken-slaughtering facilities due to a shortage of raw materials.

In addition, Reuters reported that BRF also created the new position of global COO, which will be held by current interim CEO Lorival Nogueira Luz Jr.

BRF has been mired in a food safety probe that led to the arrest of former CEO Pedro Faria.