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
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."
Phone: +55 21 2433 9789
Phone: +55 21 2433 9790
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.