Brasil Foods Names Billionaire Diniz Chairman to Lead Growth
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Shareholders of BRF-Brasil Foods SA, the country’s largest foodmaker, named billionaire Abilio Diniz as chairman as the company seeks to revive growth and boost efficiency.
Diniz, chairman of retailer Cia. Brasileira de Distribuicao Grupo Pao de Acucar, was chosen to replace Nildemar Secches, who’s retiring after heading the board since 2007, in a shareholders meeting today in Itajai, Brazil. Shareholders also approved changing the Sao Paulo-based company’s name to BRF SA.