Natura Cosmetic Group Announces Strategic Restructuring and Leadership Changes

Brazilian cosmetic group Natura has announced a restructuring plan to merge Natura&Co into Natura Cosmeticos, which will be listed on Brazil’s stock exchange. Fabio Barbosa will transition from CEO of Natura&Co to chairman of Natura Cosmeticos, while Joao Paulo Ferreira will remain as CEO.

Natura, a prominent Brazilian cosmetic group, has revealed a comprehensive restructuring proposal aimed at merging its listed holding company, Natura&Co, with its subsidiary, Natura Cosmeticos. This strategic move will allow Natura Cosmeticos to become directly listed on the stock exchange in Brazil, enhancing its market presence and operational efficiency.

Additionally, the company announced a significant leadership change: Fabio Barbosa, the current chief executive of Natura&Co, will step down from his position and assume the role of chairman at Natura Cosmeticos. In contrast, Joao Paulo Ferreira will continue to serve as the chief executive of Natura Cosmeticos, ensuring continuity in leadership during this transition.

In conclusion, Natura’s restructuring plan marks a significant transformation within the company, as it seeks to streamline operations by integrating its holding company with its subsidiary. Furthermore, the leadership transition is expected to strengthen governance and strategic oversight, positioning Natura for future growth in the competitive cosmetics market.

Original Source: money.usnews.com