RIO DE JANEIRO, Brazil, Aug. 7 /PRNewswire-FirstCall/ -- ESTACIO PARTICIPACOES S.A. (Bovespa: ESTC3; the "Company"), announced today in Brazil that its Board of Directors has elected Mr. Lorival Nogueira Luz Junior as the Company's Chief Financial and Investor Relations Officer. Mr. Luz, a Brazilian citizen, is a business administrator with 17 years experience in the financial industry and various specialization courses on finance in Brazil and abroad. He was the Executive Treasury Officer at Banco Citicard until July 2008. Earlier, he held the same position at Credicard, the leading credit card company in Brazil, where he played a key role in its conversion to a retail bank. During these 17 years, he also served as Corporate Bank Chief of Staff, Senior Relationship Manager, Senior Treasury and Loan Products Manager, and as an analyst in the financial controllership department of Citibank in Brazil. His fields of experience comprise enterprise mergers, structuring and development of funding strategies, investment analysis and capital allocation, controllership, process review, performance measurement and management reporting. He was also responsible for customer relationships with large domestic and multinational groups while with the Central Bank of Brazil. According to Mr. Joao Rosas, Estacio's CEO, "With the appointment of Mr. Luz as the new CFO, the executive board of Estacio is now complete, with a highly qualified and motivated team focused on maximizing our Company's results based on a strict control of costs and expenses, our growth in the post-secondary education market in Brazil and the quality of our degree programs."
Investor Relations Carlos Lacerda Phone: +55 21 2433 9789 Fernando Santino Phone: +55 21 2433 9790 email@example.com http://www.estacioparticipacoes.com/ir About Estacio Participacoes Estacio Participacoes S.A. (BOVESPA: ESTC3), the largest private post-secondary education institution in Brazil in number of students, has approximately 198,000 undergraduate students enrolled in its programs (March/2008) and reported a net revenue of R$238 million in the first quarter of 2008.
SOURCE Estacio Participacoes S.A.