Natura Cosméticos S.A. announced that As part of a natural and planned transition, the Company's founders ? Luiz Seabra, Guilherme Leal and Pedro Passos ? have decided to move from the Board of Directors to a new Advisory Board.
In this new body, which holds no decision-making powers, the three founders will continue to safeguard the values, culture, and way of doing business that have always distinguished Natura. After leading the Company's successful corporate streamlining, Fábio Barbosa will step down as Chairman of the Board. Given his strong alignment with Natura's business philosophy, he will join the founders on the Advisory Board to be established.
The changes also include the appointment of five new members. Building on the transition led by the founders and with their full confidence, Pedro Villares, Guilherme Passos and Luiz Guerra will contribute their extensive experience in the business world, while Flávia Almeida e Gabriela Comazzetto will bring key skills to support the execution of the Company's strategy. The Board of Directors will also retain Duda Kertesz and João Paulo Ferreira, Natura's CEO, who have deep knowledge of both the industry and the Company's business model.
Bruno Rocha and Gilberto Mifano, who alongside the other board members were instrumental to the success of the cycle now drawing to a close, are stepping down from the Board of Directors. Gilberto Mifano will remain as Chair of the Audit and Finance Committee.
