Natura Announces Restructuring Plan and Leadership Adjustments

Natura has introduced a restructuring plan to merge its holding company Natura&Co with Natura Cosmeticos, which will be publicly listed. Fabio Barbosa will step down as CEO of Natura&Co to become chairman of Natura Cosmeticos, while Joao Paulo Ferreira remains CEO of the subsidiary.

On Thursday, Brazilian cosmetics company Natura announced a significant restructuring plan. This proposal aims to integrate the existing holding company, Natura&Co, into its subsidiary, Natura Cosmeticos, which will subsequently be listed on Brazil’s stock exchange.

Alongside the restructuring, leadership changes were also announced. Fabio Barbosa, the current chief executive of Natura&Co, will transition to the role of chairman at Natura Cosmeticos. Meanwhile, Joao Paulo Ferreira will retain his position as the chief executive officer of Natura Cosmeticos.

In summary, Natura’s restructuring plan seeks to enhance its operational framework by integrating Natura&Co into Natura Cosmeticos. The leadership transitions, with Fabio Barbosa becoming chairman and Joao Paulo Ferreira continuing as CEO, signify a strategic shift in the company’s governance.

Original Source: money.usnews.com