Suzano Announces Departure of Finance Executive VP Marcelo Bacci and Appoints Marcos Chagas as Successor

Suzano Papel e Celulose SA announced Marcelo Bacci's resignation as Finance Executive Vice-President and Marcos Moreno Chagas Assumpção's appointment to succeed him, effective December 1, 2024. This transition could impact the company's financial strategy and investor relations.

Suzano Papel e Celulose SA, one of the world's leading pulp and paper producers, announced significant changes in its leadership team with the resignation of Marcelo Bacci as Executive Vice President of Finance and Investor Relations and the appointment of Marcos Moreno Chagas Assumpção to succeed him, effective December 1, 2024 [1].

Bacci, who has served as Chief Financial Officer (CFO) of Suzano since 2014, is stepping down from his role on November 30, 2024. With over two decades of experience in the industry, Bacci's departure marks a notable loss for the company. His contributions to Suzano's financial strategy and investor relations have been instrumental in its growth and success [1].

Replacing Bacci is Marcos Moreno Chagas Assumpção, a seasoned executive with over 25 years of experience in the pulp and paper sector. Chagas, who previously served as CFO and Vice President of Finance at Eldorado Celulose, brings extensive expertise in financial planning and mergers and acquisitions (M&A) [2]. His appointment to Suzano is expected to bolster the company's financial strategy and further its growth ambitions.

Suzano's stock is listed on the Novo Mercado, the São Paulo Stock Exchange's (B3) listing segment with the highest corporate governance standards, as well as on the New York Stock Exchange (NYSE) - Level II [1]. With a total of 1,264,117,615 common shares, major shareholders include Suzano Holding S.A., David Feffer, Daniel Feffer, Jorge Feffer, Ruben Feffer, Alden Fundo de Investimento em Ações, and related parties [1].

As Suzano continues to navigate an increasingly complex business environment, the appointment of Chagas is expected to contribute to the company's ongoing growth and success. With his extensive experience in financial planning and M&A, Chagas is well-positioned to lead Suzano's financial strategy and strengthen its investor relations.

References:

[1] Suzano S.A. (2024, November 1). Press Release: Suzano S.A. Announces Resignation of Marcelo Feriozzi Bacci as Executive Vice President of Finance and Investor Relations and Appointment of Marcos Moreno Chagas Assumpção. Retrieved from https://www.suzano.com/en/investors/news/press-releases/2024/11/1-sza-announces-leadership-shift-marcelo-feriozzi-bacci-resigns-marcos-moreno-chagas-assumpcao-appointed/

[2] InvestNews.com.br. (2020, June 25). Marcelo Bacci troca a Suzano pela Vale. Retrieved from https://investnews.com.br/negocios/marcelo-bacci-troca-a-suzano-pela-vale/