Company plans to submit a proposal for deliberation of shareholders in the general assembly scheduled for April 25
Natura announced this Thursday (21.mar.2025) proposal to incorporate Natura & Co by its subsidiary Natura Cosmetics, which would again become the operational holding company of and would again have stock actions, as well as changes in the board.
The company intends to submit the proposal to the deliberation of shareholders at an annual ordinary general meeting of 25 April, which will be convened next 3rd (25.mar).
“In addition to better aligning governance with business priorities, the incorporation will result in a more efficient structure and should unlock value to its shareholders, especially when enabling future distribution of profits from Natura Cosmetics”.said in a relevant fact to the market.
With the change, Natura & Co, Fabio Barbosa, and the financial director, Guilherme Castellan, leave their positions, according to the statement. Barbosa will be appointed president of the Board of Directors of Natura Cosmetics and Castellan will leave the group to “To assume new professional challenges”.
Natura Cosmetics’ leadership will remain with João Paulo Ferreira as executive president and Silvia Vilas Boas as a financial director, but both would lead a group listed and controller of the group instead of a subsidiary.
Natura added in the statement that Castellan will assist Ferreria and Vilas Boas with the transition until May 12, 2025. After the incorporation, the group will be led by the Council of Natura Cosmetics, which continues to count on the presence of founders Luiz Seabra, Guilherme Leal and Pedro Passos.
Alternatives for Avon International
In the same relevant fact, Natura said it follows “Exploring strategic alternatives for International Avon, which include potential sale”and that the plan of “turnaroundLed by Avon President Kristof Neirynck, continues to be implemented.
By André Romani.
