Natura, a Brazilian cosmetic group, is restructuring by merging Natura&Co into Natura Cosmeticos. Fabio Barbosa will become chairman of Natura Cosmeticos, while Joao Paulo Ferreira will continue as its CEO. This change aims to integrate operations efficiently and is set to impact the company’s stock presence in Brazil.
Natura, the Brazilian cosmetic group, recently revealed a restructuring plan aimed at merging its publicly listed holding company Natura&Co with its subsidiary, Natura Cosmeticos. This strategic move will allow Natura Cosmeticos to feature shares on Brazil’s stock exchange, signaling a significant shift in the company’s operational structure.
Additionally, the restructuring will result in changes in leadership within the organization. Fabio Barbosa, the former chief executive of Natura&Co, will step down from his position to assume the role of chairman at Natura Cosmeticos. Meanwhile, Joao Paulo Ferreira will continue to serve as the CEO of Natura Cosmeticos, ensuring continuity in leadership as the organization embarks on its transformation journey.
Natura’s restructuring initiative focuses on consolidating its corporate structure by merging Natura&Co into Natura Cosmeticos. The leadership changes, with Fabio Barbosa transitioning to chairman and Joao Paulo Ferreira remaining as CEO, illustrate the company’s commitment to enhancing its strategic direction as it adapts to evolving market conditions.
Original Source: money.usnews.com
