Following the conclusion of its capital structure reorganization and corporate streamlining phase, Natura announced the reconfiguration of its board of directors, transitioning to a new Advisory Board that will focus on “preserving the company’s essence.” As part of the restructuring, Fábio Barbosa will step down as Chairman to join the Advisory Board alongside the company’s founders. The Advisory Board will hold no decision-making powers but will work to safeguard the values, culture and business methods that are distinctly Natura.
Alessandro Carlucci, who has been a Natura executive for more than two decades, has been appointed Chairman of the Board of Directors. The new board will include the following members:
- Pedro Villares
- Guilherme Passos
- Luiz Guerra
- Flávia Almeida
- Gabriela Comazzetto
- Duda Kertesz
- João Paulo Ferreira
- Gilberto Mifano
These changes are part of Natura’s strategy to accelerate a new and robust cycle of expansion with a focus on business growth in Latin America. In support of this new cycle, Natura also announced the signing of a new agreement between its founders and other signatories for a term of 10 years.
“Natura has completed a fundamental phase in strengthening its structure,” said Fábio Barbosa, Natura Chairman. “We close this chapter with a more agile, streamlined and resilient company, and begin a natural transition that has been carefully planned over the course of months. I will continue to work alongside the founders, supporting a new generation of board members and leaders. Together, we will drive a cycle of growth and innovation, always guided by the values that make Natura a unique company.”
Along with this leadership restructuring, Natura announced that private equity fund Advent International has purchased an 8-10% equity stake in the company. This purchase is subject to a target average price of $1.86 per share and will be carried out in the secondary market over a six-month period. As part of the agreement, Advent will be entitled to appoint two members to Natura’s board of directors.
