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Financial News: BRF: Shareholders Appoint A Third List For Board''s

BRF: Shareholders Appoint A Third List For Board''s Election

04/18/2018 - 15:08:00 (RTTNews)

(RTTNews) - Walter Fontana Filho and Vicente Falconi Campos, BRF shareholders, appointed Luiz Fernando Furlan as their candidate for the position of chairman of the board of directors, while Luiza Trajano was appointed as their candidate for vice president in the election scheduled for April 26.

In early March, Previ and Petros - the pension funds of Banco do Brasil and Petrobras, respectively - called for a full board replacement after BRF recorded a R$ 784 million loss in the fourth quarter of 2017, 77.4% higher than the R$ 442 million loss posted in the same period of the previous year. Investors expected a profit of around R$ 187.52 million in the last quarter of 2017.

Two other lists are running. Previ and Petros presented a list with Augusto Marques da Cruz Filho as board's chairman and Francisco Petros as vice president. The BRF initially agreed, but earlier this month it presented an alternate plate with the nomination of Luiz Fernando Furlan and Walter Malieni in the presidency and vice-presidency, respectively.

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