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Stock impact report

UPDATE 2-Brazil's BRF board given leeway as shareholder rift subsides [Reuters]

BRF S.A. (BRFS) 
Last brf s.a. earnings: 11/11 04:01 pm Check Earnings Report
US:NYSE Investor Relations: ir.brf-global.com
Company Research Source: Reuters
UPDATE 2-Brazil's BRF board given leeway as shareholder rift subsides | Reuters Reuters Staff 3 Min Read (Recasts throughout to add Previ, Petros comments and quotes) By Ana Mano SAO PAULO, April 27 (Reuters) - The top shareholders of BRF SA said on Friday they will give the food company’s new board leeway to kick off a turnaround after two years of net losses partially caused by a food safety scandal and mismanagement of feed inventory. Pension funds Previ and Petros, which own a combined 22 percent of the food processor, also said completion of the board overhaul this week ended a long boardroom battle waged by shareholders with dissenting views on how to rescue the company from its self-inflicted problems. Previ and Petros reaffirmed they are long-term investors and plan to give BRF’s new board independence to diagnose problems and propose solutions. “It is not up to us to devise a new strategy for the company,” Walter Mendes, head of Petros, told journalists on Friday, one day aft Show less Read more
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