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Way open for Diniz at BRF, but not without obstacles

Although the market is taking it for granted that the new candidate for CEO of BRF will be Abilio Diniz, there are still some obstacles to be overcome. The biggest is the discussion about a conflict of interest in the fact he wants to mix being CEO of BRF with being CEO of Pão de Açúcar Group (GPA). The companies are not in the same sector, but there is a strong business relationship.

GPA is the largest food distributor in Brazil. BRF is the largest supplier in revenue terms to GPA - even bigger than AmBev, with a difference of 30%. Diniz has shown that, despite his interest in BRF, he also has long-term plans for GPA, despite his difficult relationship with its controller, Casino.

Regarding a conflict of interest, Diniz has said he does not believe that there is a problem and that, in cases where conflicts arise, he would abstain from voting.

Information provided by Valor Econômico



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