Natura &Co’s strategic direction to increase accountability among its brands, including Natura, Avon, The Body Shop and Aesop, will now also include a group restructuring. After a season of acquisitions and what the company described as “complex integration of its businesses, processes and a common sustainability vision,” Natura &Co will now embark on a period of evolution as it seeks a simpler holding company structure.
Non-executive director Fabio Barbosa, who served as Chairman of the People Committee, will now lead the Natura &Co Group and help define the new corporate structure of the company in the coming months.
Roberto Marques, the company’s current CEO and Executive Chairman, will step down from his roles but will remain on the board of directors to ease transition. Marques plans to retire by the end of 2022. The roles of Sustainable Growth Officer and Chief Transformation Officer will no longer exist, although the company stated that it may revisit these roles in the future.
“I’ve always been an admirer of Natura, of its leadership in sustainability, and the very successful business it has become,” Barbosa said. “I joined the board five years ago and it has been a great opportunity to contribute to its development. Today we are announcing another important milestone by reenergizing the capacity of the four business units. They will be supported by a new and leaner corporate structure that will be implemented in the coming months.”