Connect with us

Published

on

Follow Us

Follow Us @

Vivara CEO, Nelson Kaufman, resigns from his position and assumes chairmanship of the board The jewelry chain Vivara announced this Monday (25) that Nelson Kaufman, founder and main shareholder of the company, will leave his position as CEO of the company and assume the role of chairman of the board of directors. According to the statement sent to the Securities and Exchange Commission, Otavio Lyra was elected by the board to assume the role of CEO of the company.

Company restructuring

Vivara also appointed Carolina Lacerda as a counselor in one of the two seats left vacant with the resignation, on Friday (22), of Anna Chaia and Tarcila Ursini. Internal sources say that Kaufman spent the week talking to investors, analysts and investment bankers and that the businessman explained what he meant when he announced plans to internationalize the company. According to Kaufman, the intention is not to compete with companies from the USA and Europe, but rather to focus on Latin American markets whose dynamics are more similar to the Brazilian market.

YOU MAY HAVE MISSED:
Bezos Retakes Position and Musk Falls to Third Place among the richest in the world

Vivara bag (Photo: reproduction/Instagram/@vivaraonline)


Drop in shares previously

Last month, Vivara’s board elected Kaufman as chief executive, resulting in a drop in the company’s shares amid concerns about the company’s governance and future growth strategy. Since the announcement, shares have fallen by more than 18%, with the fourth quarter earnings also being closely monitored. It is also important to highlight that last week, Kaufman increased his stake in Vivara from 25% to 27%, resulting in a purchase of R$90 million.

Advertisement

After the announcement, this Monday (25) the company’s shares rose by around 2.75%. The speech about the company’s internationalization was the target of criticism a few weeks ago, reinforcing investors’ negative view of Kaufman’s appointment as CEO of Vivara.

Featured photo: Vivara store (Reproduction/ Shopping Mueller)

Follow AFRILATEST on Google News  and receive alerts for Youth opportunities, Money, Investment opportunities and more!

Vivara CEO, Nelson Kaufman, resigns from his position and assumes chairmanship of the board

SHARE POST AND EARN REWARDS:

Join our Audience reward campaign and make money reading articles, shares, likes and comment – Vivara CEO, Nelson Kaufman, resigns from his position and assumes chairmanship of the board
>> Join reward Program

Advertisement

FIRST TIME REACTIONS:

Be the first to leave us a comment – Vivara CEO, Nelson Kaufman, resigns from his position and assumes chairmanship of the board
, down the comment section. click allow to follow this topic and get firsthand daily updates.

YOU MAY HAVE MISSED:
Elon Musk launches Starlink internet for the healthcare sector in Indonesia
JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >

Vivara CEO, Nelson Kaufman, resigns from his position and assumes chairmanship of the board

 

#Vivara #CEO #Nelson #Kaufman #resigns #position #assumes #chairmanship #board
Advertisement
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending