THE WHAT? Natura &Co has announced a group reorganization whereby the company will transition to a simpler holding company structure.
THE DETAILS To this end, Fabio Barbosa, Chairman of the People Committee will lead the Natura &Co group as well as a workstream to define the new corporate structure over the next months. Current CEO and Executive Chairman, Roberto Marques is stepping down. He will remain on the Board of Directors to aid the transition. Other group roles, including Sustainable Growth Officer and Chief Transformation Officer, will cease to exist or be revisited in the new structure.
THE WHY? The reorganization is said to have been prompted by Marques’ planned retirement as well as a period of transformative acquisitions and the complex integration of the business. Marques commented, “After a rewarding and intense six years, I’m forever grateful to our entire network of associates, consultants, representatives, and partners for the opportunity to help build Natura &Co into a global and recognized Group of purpose-led brands. A reset of our group and governance structure is the right direction and I’m committed to helping Fabio and the Board over the coming months. I’m also excited about some personal projects and the opportunity to spend more time with my family in the near future.”