Marfrig appoints new CEO
Eduardo Miron will replace Martín Secco, who's been the CEO of the company since 2015.
Miron joined the company in 2010 and has been the chief financial and investor relations officer ever since. In addition, he also served as the chief financial officer of Keystone Foods in the United States.
“The choice of Eduardo Miron as CEO underlines our commitment to a financially and operationally sustainable Marfrig. Miron was at the forefront of the company’s most recent strategic operations: the acquisition of controlling interest in National Beef and the divestment of Keystone. These transactions have transformed Marfrig into a simpler company focused on beef and supported by a global production and distribution platform. Also, Marfrig is now a company with low financial leverage,” said Marcos Molina dos Santos, the controlling shareholder and chairman of the board.
The company announced that under the new leadership it plans to redouble its efforts to create value, by the integration of and capture of synergies at National Beef and, in South America, by a management strategy centered on operational excellence, on adding value to its products and brands and on revamping its structure.
“We will strive to create value in all dimensions of the business,” said Miron. “We want to be recognized as a sustainable company for our financial management, for the returns we offer shareholders and investors and for our relations with cattle producers, employees, clients and consumers.”
Marfrig's new structure
Marfrig will comprise two operations: South America, which is responsible for the operations in Brazil, Uruguay, Argentina and Chile; and North America, which consists of the operations of National Beef and the beef patty plant in North Baltimore.
Miguel Gularte has been chosen to lead the South America operation. The 59-year-old Gularte has a degree in veterinary medicine and a career spanning more than 37 years in the beef sector. He will be responsible for the 31 units in operation in Brazil, Uruguay, Argentina and Chile.
The North America operation will continue to be led by Tim Klein, CEO of National Beef. Klein, 61, has been with National Beef, the fourth largest beef processor in the United States, since 1997. He was the company’s chief operating officer (COO) until being named CEO in July 2009.
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