At Suzano, Schalka leaves and the CEO of Rumo enters

At Suzano, Schalka leaves and the CEO of Rumo enters
At Suzano, Schalka leaves and the CEO of Rumo enters
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Suzano is changing command. After 11 years as CEO, Walter Schalka is leaving the position, according to the eucalyptus pulp producer in a relevant fact released this Wednesday, February 28th.

To take his place, the company announced the choice of João Alberto Fernandez de Abreu, until then CEO of Rumo. His resignation from command of Cosan’s logistics company will be effective from March 29th. Pedro Marcus Lira Palma, current commercial vice-president of Rumo, takes his place.

Suzano’s succession process foresees that Schalka will remain as CEO until July 1st. After that, he is expected to take a seat on the board of directors.

An engineer by training, Abreu has a 30-year career, including 18 years at Shell, where he held various positions in Brazil, England and Argentina, seven years at Raízen as energy director and vice-president of the ethanol, sugar and energy business. For the past five years, he has served as CEO of Rumo.

Under Schalka’s mandate, Suzano merged with Fibria, an operation announced in 2018 that elevated the company to the level of one of the largest cellulose producers in the world.

He also oversaw one of the company’s largest investments, the Cerrado Project, the company’s focus since 2021. Expected to begin operations in June, in Ribas do Rio Pardo (MS), the factory will result in the production of 2.5 million tons of pulp per year, increasing Suzano’s installed capacity from 10.9 million tons to 13.5 million tons per year. Investments should total R$22.2 billion.

Recently, Schalka was involved in controversy with the federal government. In an interview with the newspaper The globe, in January this year, he criticized the Nova Indústria Brasil program, which aims to encourage national industry through subsidies and loans with reduced interest. For him, the Lula government’s program insists on solutions that did not work in the past.

The president of BNDES, Aloísio Mercadante, criticized Schalka’s speech and stated that Suzano benefited from resources from the development bank for decades.

Suzano shares closed today’s trading session up 0.99%, at R$57.38. During the year, the company’s shares rose 3.14%, taking the market value to R$74 billion.

The article is in Portuguese

Tags: Suzano Schalka leaves CEO Rumo enters

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