Carlos Aguiar of Fibria wins RISI's 2011 Latin American CEO of the Year Award
SAO PAOLO, BRAZIL, Aug. 3, 2011 (Press Release) - RISI, the leading information provider for the global forest products industry, has named Mr. Carlos Aguiar, Former Chief Executive Officer of Fibria, as the 2011 Latin American CEO of the Year. The award will be presented to Luciana Aguiar, Mr. Aguiar's daughter, who will accept the award in his place.
Mr. Aguiar was chosen as the RISI Latin American CEO of the Year by a group of investment analysts and portfolio managers covering the forest products industry. The analysts responded to a survey organized by RISI and the criteria for nomination included leadership, vision and strategic accomplishment.
Mr. Aguiar was chosen as the winner due to his significant achievements in managing the company's leverage situation and his outstanding financial discipline and control. Fibria, the largest bleached eucalyptus kraft (BEK) pulp producer, reported a boom in its net profit in 1Q 2011 over 1Q 2010 from Real 9 million ($5.7 million) to Real 389 million ($247.8 million) under Mr. Aguiar's leadership. Mr. Aguiar commented, "although Fibria was only founded two years ago, the company has already shown its potential and capacity to produce more than 5 million tons of pulp per year with an operation based on sustainability and efficiency due to the 875 thousand hectares of renewable forest plantations in which the company invests."
Mr. Aguiar has served as Fibria Chief Executive Officer from September 2009 until June 2011. Before that, Mr. Aguiar served as president of Aracruz from April 1998 until the Aracruz merger. Prior to becoming president of Aracruz, Mr. Aguiar served as vice president from April 1993 to April 1998 and as an executive officer from 1985 to 1993. After joining Aracruz in 1981, he held various managerial positions in Aracruz's operations department. Mr. Aguiar is also a member of numerous industry associations in Brazil and abroad. He is a foreign member of the Royal Swedish Academy of Engineering Sciences; vice president of Bracelpa; member of the Associação Brasileira Técnica de Celulose e Papel (ABTCP); member of the Industry Federation of the State of Espírito Santo (FINDES); member of the Industry Federation of the State of Bahia (FIEB); member of the Associação de Comércio Exterior do Brasil (AEB), and member of Tappi since 1987 and member of its board since 2007. Mr. Aguiar holds a bachelor's degree in Chemical Engineering and Industrial Management from the Universidade Federal do Ceará, Brazil.
Aguiar will become a member of Fibria's Board of Directors in 2012. Marcelo Castelli, who was the company's director of Forestry, Paper, Strategy and Supplies, assumes the post previously held by Carlos Aguiar, who has headed the company since it was founded, on September 1, 2009. In line with the best corporate governance practices, this process of succession was announced on March 3rd of this year.
Speakers from the sector's leading companies and associations, including; VBI Timberland, Stora Enso, Abigraf, Kimberly Clark Brasil, Grafica Bandeirantes, Grupo Orsa, Suzano, Celulosa Argentina, and Grupo Condi will be represented at the RISI Latin American Conference.
RISI's Latin American CEO of the Year Award was first presented in 2007. RISI organizes four regional CEO awards each year in Europe, Asia, Latin America and North America, which are handed out to the winners at the regional RISI conferences. In addition, the Global CEO of the Year award is presented at the PPI Awards event, which will be held in Brussels on November 15 this year.
Read the press release at the RISI website
