COFCO International changes Brazil head

Chinese-owned grain trader COFCO International has added up Tony Tian, Helen Song and Alfonso Romero were to its executive committee, expanding the number of members to seven, and appointed Philip Xu as new managing director Brazil, replacing Valmor Schaffer. Tian will take on the additional role of Managing Director Regions for Brazil and North America and is to relocate from Geneva to Sao Paulo. COFCO International, which is majority owned by Chinese state food conglomerate COFCO Corp, had said in October that Schaffer and his regional finance director, Wander Meyer, had been placed on leave.

Source: Reuters