Natura &Co announced that following a period of transformative acquisitions and the complex integration of its businesses, processes and a common sustainability vision, now is the time to evolve. Natura &Co is announcing a Group reorganization in line with its strategic direction to increase the accountability of the individual Business Units and brands - Natura, Avon, The Body Shop, and Aesop. The company will transition to a simpler holding company structure.

To this end, non-executive director Fabio Barbosa, Chairman of the People Committee, will lead the Natura &Co Group, as well as a workstream to define the new corporate structure over the next months. Roberto Marques, current Group CEO and Executive Chairman, is stepping down from these roles. He will remain on the Board of Directors to help the transition and plans to retire by year end.

Other Group roles such as Sustainable Growth Officer and Chief Transformation Officer will no longer exist or will be revisited in the new structure.