The consultancy Galeazzi & Associados confirmed in a statement the death of the company’s CEO, Luiz Claudio Galeazzi61 years old, as well as a wife, three daughters, other family members and a company director, Bruno Cardoso Munhoz Guimarães. They were on an aircraft that crashed this Sunday morning (22), in Gramado (RS).
The aircraft left Canela (RS) bound for Jundiaí (SP), and crashed in a commercial area on the avenue leading to Gramado. According to Rio Grande do Sul State government authorities, none of the 10 occupants survived. The causes of the accident are still being investigated.
“Luiz Galeazzi will forever be remembered for his dedication to his family and for his remarkable career as leader of Galeazzi & Associados”, stated the company in the note. The consultancy also thanked the expressions of condolence, and expressed solidarity with other people affected by the accident in the region.
Galeazzi also said that it reaffirms its commitment to following the investigation into the accident, and that all aircraft registrations and authorizations were “properly in order”. “We respectfully ask that the family’s right to privacy be respected at this very delicate time.”
In command for two years
Businessman Luiz Claudio Galeazzi had been in charge of the consultancy company that bears the family name, Galeazzi & Associados, for around two years. He was the son of consultant Claudio Galeazzi, who created the consultancy in the late 1980s, and who was considered one of the greatest experts in company restructuring in the country.
The businessman’s mother, Maria Leonor, also died in a plane crash, which occurred in 2010 in the region of Sorocaba (SP).
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Galeazzi is recognized in the market for having participated in a series of company restructuring processes. Some of the best-known cases are those of GPA () – former Pão de Açúcar group -, in 2007, Lojas Americanas (), in the 1990s, and BRF (), in 2013.
A recent case was that of fashion retailer Marisa (), which hired Galeazzi last year to overcome a serious crisis. In total, 88 stores were closed, at a cost of R$44.5 million.
In restructuring processes, the consultancy usually applies principles such as the so-called Zero Base Budget, in which a company’s expenses are completely reviewed every year. It is common for processes to lead to operational reviews with the occurrence of layoffs, with a focus on preserving cash and, in the medium term, giving companies greater financial impetus.
