Nildemar Secches Appoints Jose Antonio Fay as Perdigao's CEO Beginning October
25 Aprile 2008 - 1:15AM
PR Newswire (US)
Corporate governance model implemented by Company's current
management is a bellwether in the market SAO PAULO, Brazil, April
24 /PRNewswire-FirstCall/ -- Perdigao's chairman Nildemar Secches
announced on Thursday, April 24, that Jose Antonio Fay, the
Company's current director-general for the Perdigao Business Unit,
is to replace him in the post of CEO beginning October 30.
Following this date, Secches will stay on as chairman of the Board
of Directors, a position he has been holding for the past year.
Fay's name has been submitted to the members of the Board, who have
approved the appointment. The succession process, announced in
April last year, is one of the most important stages in the
Company's corporate governance policy and has been undertaken by
Secches with objectivity and transparency. His replacement as CEO
is also designed to segregate functions. It is worth remembering
that Secches has been holding the two positions on an interim
basis. The appointment of an executive from within the Company has
various positive aspects. In addition to his familiarity with the
corporate culture and administrative structure, Fay is already
playing a hands-on role in the preparation of Perdigao's strategic
plan through 2015. Starting October, he will assume leadership in
this process. After the new CEO assumes his post, Nildemar Secches,
as chairman of the Board, will make an effective contribution to
strategic decisions on the back of his accumulated experience as
CEO of Perdigao, the affinity he enjoys with the other directors,
and his detailed knowledge of the sector in which the company
operates. "Succession does not mean a change in direction. Perdigao
will maintain its policy of global expansion. The new CEO has the
mission of stimulating the Company through even more innovative
initiatives, thereby ensuring a premium performance. The Company's
successful track record over the past decade is due to the
long-term strategic plan, which will continue to be key to my
successor's management of the business. We have every confidence in
his competence, professional reputation and ethics," Secches noted.
Until October 30, Fay will continue to be responsible as
director-general for the Perdigao Business Unit, at which time the
other changes planned for the Board of Executive Directors will
also be effected simultaneously with the investiture of the new
chief executive officer. For more information, contact: Investor
Relations Department (55) (11) 3718-5465 DATASOURCE: Perdigao S.A.
Contact: Investor Relations Department, +011-5511-3718-5465, Web
site: http://www.perdigao.com.br/
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