Brazilian cosmetics company Natura announced a restructuring plan to merge Natura&Co with its subsidiary, Natura Cosmeticos. This will allow Natura Cosmeticos to be listed on Brazil’s stock exchange. Concurrently, Fabio Barbosa will step down as CEO of Natura&Co to become the chairman of Natura Cosmeticos, while Joao Paulo Ferreira retains his role as CEO.
On Thursday, Brazilian cosmetic group Natura revealed a restructuring proposal aimed at merging the publicly listed holding company Natura&Co with its subsidiary, Natura Cosmeticos. Following this integration, Natura Cosmeticos will have its shares listed on Brazil’s stock exchange. In conjunction with this restructuring, Natura announced leadership changes: Fabio Barbosa will transition from his role as chief executive of Natura&Co to become the chairman of Natura Cosmeticos. Meanwhile, Joao Paulo Ferreira will continue to serve as the CEO of Natura Cosmeticos, ensuring stability in the company’s leadership during this transformation.
In summary, Natura’s restructuring aims to create a more cohesive corporate structure by merging Natura&Co with Natura Cosmeticos. The leadership changes signify a strategic shift as Fabio Barbosa steps into the chairmanship while Joao Paulo Ferreira remains as CEO, likely to guide the company through this restructuring phase. These actions reflect Natura’s commitment to enhancing its market position and operational efficiency within the Brazilian cosmetics industry.
Original Source: money.usnews.com
