SALVADOR, Brazil, March 24, 2016 /PRNewswire/ -- CIA DE FERRO LIGAS DA BAHIA – FERBASA (BM&FBovespa: FESA3 e FESA4) hereby informs its shareholders and the market in general that the Board of Directors has indicated as new Chief Executive Officer, Mr. Rafael Machado Tibo, which currently holds the position of Director of Business Development. This change will be effective on April 29, 2016, date of the next meeting of the Board of Directors, when the formalities for this purpose will take place. Mr. Geraldo de Oliveira Lopes, current CEO, will remain a member of the Board of Directors.
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SOURCE FERBASA - Companhia de Ferro Ligas da Bahia