May 3, 2016


Marfrig simplifies corporate structure



Marfrig has announced its decision to simplify its organisational structure, with an aim to strengthen its business units and position in the global market.


Thus, Eduardo Miron, currently chief financial officer of Keystone Foods business unit, will take on the role of chief financial officer and investor relations officer (IRO) of Marfrig.


Ricardo Florence, the present chief financial officer, leaves the board of directors and will assist Eduardo Miron in a transition process.


Miron has been with Marfrig since 2010. He has over 30 years of experience in finance and held prominent positions in the agribusiness and financial sectors.


For 22 years, Miron served in different leadership positions in Cargill (Brazil) and in the US, such as Cargill Bank, Black River Asset Management, Seara Alimentos, among others.


Previously, he worked at the finance sector of Banco Safra, where he remained for ten years.


Miron graduated with a degree in accountancy from USF-Universidade São Francisco. He also holds a post-graduate degree in finance from Fundação E.C. Alvares Penteado and a MBA from Business School Sao Paulo / University of Toronto.


Additionally, Marfrig informed that it is simplifying the organisational structure of its Marfrig Beef Brazil division with the unification of four directorships into two; and will open a functional corporate office at Keystone's headquarter in Pennsylvania, US, as a basis of support for the company to strengthen its global position.


The new structure is aligned with Marfrig strategic direction focused on organic growth. The company also takes the opportunity to reinforce its commitment with reducing leverage and generating positive free cash flow.


Key personnel were also re-elected to their respective positions: Messrs. Martin Secco (CEO), Heraldo Geres (vice president, legal and HR), Rodrigo Marçal (director) and Tang David (director).

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