Natura has proposed a restructuring plan to merge Natura&Co with its subsidiary Natura Cosmeticos, which will continue to be publicly traded. Fabio Barbosa will become chairman of Natura Cosmeticos, while Joao Paulo Ferreira remains as its CEO.
On Thursday, Brazilian cosmetic group Natura announced a significant restructuring initiative aimed at integrating its publicly listed holding company, Natura&Co, into its subsidiary, Natura Cosmeticos. Following this integration, Natura Cosmeticos will maintain shares on Brazil’s stock exchange, reinforcing its market presence.
As part of this organizational overhaul, Natura&Co’s chief executive, Fabio Barbosa, will step down from his position. He is set to take on a new role as chairman of Natura Cosmeticos. Meanwhile, Joao Paulo Ferreira will continue to serve as the CEO of Natura Cosmeticos, ensuring continuity in leadership during this transition.
In summary, Natura’s restructuring plan reflects its strategy to streamline operations by merging Natura&Co into Natura Cosmeticos. With leadership changes, including Fabio Barbosa’s transition to chairman and Joao Paulo Ferreira’s retained position as CEO, Natura aims to fortify its market standing in Brazil.
Original Source: money.usnews.com
