Natura announces a restructuring plan to merge Natura&Co into Natura Cosmeticos, heading towards integration on Brazil’s stock exchange. Fabio Barbosa steps down as CEO of Natura&Co to become chairman of Natura Cosmeticos, with Joao Paulo Ferreira remaining as CEO.
Brazilian cosmetics company Natura has announced a significant restructuring plan aimed at integrating its publicly traded holding company, Natura&Co, into its subsidiary, Natura Cosmeticos. This merger is expected to enhance the operational efficiency and market presence of Natura Cosmeticos as it prepares to maintain shares on Brazil’s stock exchange.
Additionally, the company has made notable leadership changes: Fabio Barbosa, the current chief executive officer of Natura&Co, will step down from this position and transition to serve as the chairman of Natura Cosmeticos. Joao Paulo Ferreira will continue to hold the position of chief executive officer of Natura Cosmeticos, ensuring steady leadership during this transition.
In summary, Natura’s restructuring plan aims to streamline its operations by merging Natura&Co with Natura Cosmeticos, thereby focusing on a stronger market position. The leadership changes, with Fabio Barbosa moving to the role of chairman and Joao Paulo Ferreira remaining as CEO, signal a strategic realignment as the company prepares for these significant shifts. This reorganization reflects Natura’s commitment to enhancing its operational framework in the competitive cosmetics industry.
Original Source: money.usnews.com
