Itafos announced the appointment of Mr. Brian Zatarain as Chief Executive Officer, effective February 17, 2017, replacing Mr. Cristiano Melcher who has resigned to pursue other opportunities. Mr. Zatarain was most recently selected by the Board in October 2016 to lead the successful restructuring and recapitalization as the company's Chief Financial Officer. Mr. Rafael Rangel will step in as the company's Chief Financial Officer with a focus on Accounting, Tax and Treasury functions, a role he previously held on an interim basis from April 2016 to October 2016.