Natura has proposed a restructuring plan to merge Natura&Co with Natura Cosmeticos, which will be listed on the stock exchange. Leadership changes have also been announced, with Fabio Barbosa moving to chairman of Natura Cosmeticos and Joao Paulo Ferreira continuing as CEO.
Brazilian cosmetics company Natura has introduced a significant restructuring plan aimed at consolidating its operations. The proposal includes merging the listed holding company, Natura&Co, with its subsidiary, Natura Cosmeticos. Following this restructuring, Natura Cosmeticos is set to be publicly traded on Brazil’s stock exchange.
In addition to the structural changes, leadership adjustments have been announced. Fabio Barbosa, who was serving as CEO of Natura&Co, will transition to the role of chairman for Natura Cosmeticos. Meanwhile, Joao Paulo Ferreira will continue to serve as the CEO of Natura Cosmeticos, leading the subsidiary after the integration.
Natura’s restructuring plan signifies a strategic shift to enhance operational efficiency by merging Natura&Co with Natura Cosmeticos. Leadership changes accompany this structural realignment, with Fabio Barbosa stepping into a chairman role while Joao Paulo Ferreira retains his position as CEO. This move aims to strengthen Natura’s market position as it prepares for trading on the stock exchange.
Original Source: money.usnews.com
