Marcelo Castelli, CEO Of Fibria, Named RISI Latin American CEO Of The Year Analysts remark on success through cost cutting programs, expansion projects and commercial strategy
SAO PAULO, Brazil, May 13, 2014 /PRNewswire/ -- Mr. Marcelo Castelli, Chief Executive Officer of Fibria, has been named the 2014 Latin American CEO of the Year by RISI, the leading information provider for the global forest products industry. The award will be presented to Mr. Castelli at the Ninth Annual RISI Latin American Pulp and Paper Outlook Conference on August 12, 2014 in Sao Paulo, Brazil.
Under Mr. Castelli's leadership, Fibria, a giant among Brazil's pulp producers, has continued to consistently perform and has significantly improved its financial position over the recent past. The award, presented to outstanding leaders in the pulp and paper industry, is selected based on a survey sent to a group of investment analysts and portfolio managers who cover the forest products industry, using criteria that include leadership, vision and strategic accomplishment.
Analysts nominated Mr. Castelli this year because of the company's consistent financial performance, with one saying: "Marcelo Castelli has presided over the company during a tremendous 2013. Fibria was successfully able to de-lever its balance sheet, reduce its cost of funding and improve its credit ratings. In addition, there was good shareholder value creation from the Parkia deal, while at the same time keeping very tight cost controls".
Mr. Castelli has been CEO of Fibria since July 2011, has over 25 years' experience in the pulp and paper sector and has held various positions of leadership in a number of major companies, including Aracruz and VCP. Before becoming CEO of Fibria Mr. Castelli headed what was the new company's Integration Project and was responsible for developing conceptual and administrative guidelines.
RISI's Latin American Pulp and Paper Outlook Conference, which will be held August 11-13 this year, will feature presentations from industry leaders and experts, along with RISI's economists and engineers, who they give their outlooks for key segments of the Latin American and global forest products industry.
RISI's Latin American CEO of the Year Award was first presented in 2007. RISI organizes four regional CEO awards each year for Europe, Asia, Latin America and North America, with the winner presented at the regional RISI conferences. In addition, the Global CEO of the Year Award is presented at the PPI Awards event, held at the Seaport Hotel in Boston, MA USA October 8, 2014.
The 9th Annual RISI Latin American Pulp and Paper Outlook Conference will be held at the Intercontinental Hotel in Sao Paulo, Brazil on August 11-13, 2014. The conference will feature presentations by industry leaders and RISI economists, who will address some of the key issues in today's Latin American pulp and paper market. Conference programs and registration details are available online at http://events.risiinfo.com/latin-american-conference/
About RISI (www.risi.com)
RISI is the leading information provider for the global forest products industry. The company works with clients in the pulp and paper, wood products, timber, biomass, tissue, nonwovens, printing and publishing industries to help them make better decisions.
Headquartered in Boston, MA, RISI operates additional offices throughout North and South America, Europe and Asia.
About Fibria (www.fibria.com)
Fibria is the global largest producer of eucalyptus pulp. The company has an annual production capacity of 5.3 million tons, with mills located in Tres Lagoas (Mato Grosso do Sul), Aracruz (Espirito Santo), Jacarei (Sao Paulo), besides Veracel, a mill in Eunapolis (Bahia), in joint venture with Stora Enso. In partnership with Cenibra, it operates Portocel, in Aracruz, the only Brazilian port specialized in pulp shipments.
With its operations based entirely on renewable forest plantations, in the states of Sao Paulo, Minas Gerais, Rio de Janeiro, Espirito Santo, Mato Grosso do Sul and Bahia, Fibria has a total forest base covering 962 thousand hectares, of which 346 thousand hectares are native forests that have been set aside for environmental conservation.
In October 2012, the company entered into a strategic alliance with the Canadian company Ensyn to invest in renewable fuels derived from wood and biomass.
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