Marfrig investors dispute jet use by chairman Marcos Molina

On 16 September 2026, minority shareholders of MBRF, the food company formed by the merger of Marfrig and BRF, challenged the personal use of a corporate jet by controlling shareholder and board chairman Marcos Molina. The aircraft, a Gulfstream G650 executive jet, is operated by Marfrig Global Foods S.A.

The shareholders questioned the tax legality of Molina using the plane for a personal trip to Europe earlier in September. Molina's daughter was married on 8 September at Lake Como in northern Italy. The complainants estimated that the European flight cost between R$ 410,000 and R$ 435,000, arguing that corporate asset use requires disclosure and taxation as remuneration.

MBRF rejected any wrongdoing and stated that all tax obligations were met. The company said personal aircraft use is part of the approved benefit package for the board chairman under corporate law. It also noted that its reference form lists a forecast of R$ 2,290,368 in direct and indirect benefits for the board of directors.

The dispute follows prior tensions between Molina and minority investors. During the previous year's merger, shareholders contested the exchange ratio of 0.8521 Marfrig shares per BRF share. Brazil's securities regulator, CVM, suspended the shareholder meeting three times before the transaction was approved in August.