After a number of harsh months on the inventory market (the group’s shares have fallen by nearly 77% in lower than a 12 months) Natura &Co has needs to reorganize its buildings. The Brazilian large to extend the autonomy and accountability of its manufacturers — Natura, Avon, The Physique Store, and Aesop — and transition to an easier holding firm construction. To this finish, Natura has appointed Fabio Barbosa as its new CEO. He shall be in cost to outline the brand new company construction over the subsequent months.
“Following a interval of transformative acquisitions and the complicated integration of its companies, processes and a typical sustainability imaginative and prescient, now’s the time to evolve,” the group stated in a press release.
Roberto Marques, present Group CEO and Government Chairman, is stepping down from these roles. He’ll stay on the Board of Administrators to assist the transition and plans to retire by 12 months finish. Different Group roles resembling Sustainable Development Officer and Chief Transformation Officer will now not exist or shall be revisited within the new construction.
Mr. Barbosa, who at the moment chairs Natura &Co’s Individuals Committee, brings intensive administration expertise, having served as CEO of the Abril publishing group from 2011 to 2015 and CEO of Santander Brazil from 2008 to 2011. He was beforehand President of the Brazilian banking federation Febraban from 2007 to 2011 and President of Banco Actual/ABN Amro from 1996 to 2008.