Pedro Queiroz Pereira will no longer be the CEO of Semapa and was replaced in office by João Nuno Sottomayor Pinto de Castello Branco, current senior director of McKinsey Iberia office.
João Castello Branco will be the next CEO of Semapa, replacing Pedro Queiroz Pereira. According to the information provided by Semapa this Monday, June 1, the Securities Market Commission (CMVM), Queiroz Pereira will remain a “chairman” of the paper, through the testimony of the chief executive. The information provided to the CMVM adds up although Queiroz Pereira will continue “to cooperate closely with the executive team.”
In a statement sent to CMVM, Semapa notes that John Castello Branco name will be proposed to the company’s board of directors at the beginning of July. John Castello Branco is currently senior director of McKinsey Iberia office, a position he will play once the co-option to the office of Semapa CEO materialize.
In addition to the functions at McKinsey, John Castello Branco was one of the authors of the book, published in 2005, titled “Winning the Future of Europe” and has devoted much of his career to areas corporate strategy, market, operations and organization.
Speaking to the Lusa agency, Queiroz Pereira clarified that this amendment aims to “strengthen the executive team with a top table of international profile, with a solid career and experience in various business sectors.”
Stressing that it is the “right person to lead our value creation project,” adding that She had the “opportunity to work with John Castello Branco over the past few years,” in what is a relationship that you want to “keep”.
This change in executive leadership of Semapa happens precisely at a time when the listed He launched a public tender offer (OPA) on its equity offering in exchange Portucel shares. It is therefore a public exchange offer (OPT) made the shares in Semapa that are not held by Soldim, the family holding company controlled by the family of Queiroz Pereira. The Sodim controls, in turn, 54.5% of Semapa, a company that owns 75.8% of Portucel.
(updated at 19h54 News)
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