Dario Costa Gaeta has been replaced by Helena Vasconcellos Prisco Paraiso Ramos Valente as the new CEO of Unigel. Valente, who previously served as the CFO and RI, will now take on the role of CEO on an interim basis while continuing to fulfill the responsibilities of CFO and RI. This change was decided during a Board of Directors meeting on Tuesday (19).
The petrochemical company, undergoing legal recovery, investigated the former CEO of Marisa Stores, João Nogueira Batista, who is now a consultant for Braskem, as reported by InvestNews.
Pedro Wongtschowski, who assisted Unigel in renegotiating with creditors, is a potential candidate for the position of chairman of the company’s board, having previously served as the president of the Ultra group.
Unigel is working with its creditors to establish the new management structure in line with the restructuring plan. The company currently owes R $ 4.14 billion to a group of creditors, currently headed by the American manager Pimco.
Unigel implemented a mediation procedure in the Wind Chamber in August for discussions regarding its financial restructuring. Furthermore, it filed a request in the São Paulo court to secure protection from debt collection for a period of 60 days.
The initiative is intended to enable the construction of the new sulfuric acid facility, which is expected to be finished by December 2025 and operational in 2026. Unigel emphasized that major creditors are in favor of pausing payments, and discussions are progressing positively.
This text was created by an AI using reliable sources and was reviewed by journalists before being published.
