Sadia fires CEO

Brazilian meat processor Sadia has given the company's CEO its walking papers, according to a report by Dow Jones.

Gilberto Tomazoni, who had worked for Sadia for 27 years, will be replaced by Julio Cadoso de Lucena. The company didn't explain the reasoning for Tomazoni's termination, the report said.

Sadia currently is working to integrate with Perdigao S.A.in a merger that formed Brasil Foods S.A.