BRAZIL – Chief Executive Pedro Parente of Brazilian meat packing company BRF SA has announced plans to leave the company and that the current Chief Operating Officer Lorival Luz would succeed him in the CEO role.

According to Reuters, Parente told investors and analysts after a presentation in Sao Paulo that he will still participate in the company’s strategic decisions after the succession, with a spokeswoman saying that Parente would remain as BRF chairman.

This comes two months after the company made strategic changes in its organizational structure, in an open to strengthen the core businesses and activities in the company.

The Board of Directors of BRF approved, in a meeting held on August 31, 2018, the hiring and election of executives to the positions of Chief Financial & Investor Relations Officer, Integrated Planning Officer and Strategy, Management & Innovation Officer.

It added that Elcio Ito would become the new Chief Financial & Investor Relations Officer, an office that was held temporarily by Lorival Luz, Global Executive VP.

Leonardo Dallorto, who since March has served as Chief Industrial Operations Officer, would be the new Chief Integrated Planning Officer.

He joined the company in 2011 as Director and led the Procurement, Integrated Planning and Logistics areas for the South Region.

Rubens Pereira, a professional with over 20 years of experience at consulting firms such as Booz-Allen & Hamilton and Boston Consulting Group, would be the new Strategy, Management & Innovation Officer.

Mr. Pereira was also stepping down as Global Strategy & Innovation Officer of Cargill’s Vegetable Oil Division, where he has served since 2004 in various executive positions.