Brazil meatpacker Marfrig proposes shareholder Molina, Santander's Rial for BRF board (updated)

Banco Santander Brasil SA

22/02/2022 18:32

(Updates with official source, adds general meeting date)
    SAO PAULO, Feb 22 (Reuters) - Brazilian meatpacker BRF SA
 BRFS3.SA  said on Tuesday that Marfrig Global Foods SA
 MRFG3.SA  proposed appointing its controlling shareholder
Marcos Molina as BRF's chairman and Santander Brasil's
 SANB11.SA  Chairman Sergio Rial as vice-president of the board.
    The new composition of BRF's board will be decided on March
28, when company shareholders meet to vote on the proposed
names, according to a filing.
    Marfrig said on Monday it wished to appoint its own board
members at BRF after buying a 33.25% stake in the company,
saying it had decided to exercise its right to influence BRF's
management.  urn:newsml:reuters.com:*:nL1N2UW0VQ 
    In a separate filing on Tuesday, Marfrig confirmed Molina's
and Rial's proposed appointments, as well as that of another
eight candidates.
    Earlier in the day, Valor Economico reported that Molina and
Rial were tapped as candidates for BRF's board. 

 (Reporting by Gabriel Araujo and Peter Frontini; Editing by
Bill Berkrot)
 ((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;))