Novonor announces a change of CEO and Chairman of the Board

The Board of Directors of Novonor S.A. has announced that its chairman, José Mauro Carneiro da Cunha, will be the Group’s CEO effective next Monday, April 5, replacing Ruy Sampaio.

Héctor Núnez, Cuban-American who has lived in Brazil for more than 20 years and was vice-president of Coca-Cola’s operations in several countries and president of Wallmart and Ri Happy in Brazil, will take José Mauro’s place as chairman of the board. Currently, Núnez is Chairman of the Board of Directors of Lojas Marisa.

The choice of José Mauro as CEO and Héctor Núnez as president of CA ends the selection that a headhunter company had been making internally within the company and also in the market.

Jose Mauro joined Novonor’s Board of Directors in October 2019, and in December became its chairman. He will remain as Chairman of Braskem’s Board of Directors.

José Mauro is bachelor in mechanical engineering from the Catholic University of Petrópolis (RJ, 1971), he started his career in 1974 at the BNDES, where until 2002 he performed several functions and held different executive positions, including Director and Vice-President. Before arriving at Novonor, he has been a member of the board of directors of several companies, including Telemar, Oi, Vale, Light, Santo Antônio Energia, and Banestes.

Ruy Sampaio, now replaced by Jose Mauro, had made it clear when taking over in December 2019 that he would make a transition management for the future CEO. During his term, Novonor’s court-supervised recovery plan was approved by the creditors and ratified in court, and the independent external monitoring by DOJ and MPF closed, with certification of the compliance system.
During Ruy’s tenure, the company approved the Group’s Purpose, Vision 2030 and Commitments, and changed the Odebrecht brand to Novonor. Ruy will continue as a member of the Board of Directors of Novonor S.A.