Natura &Co CEO Fabio Barbosa Joins Board as Two Directors Resign

Natura &Co Holding S.A. said directors Andrew George McMaster and Georgia Melenikiotou resigned from its board on July 1, 2024, effective July 2. The board then appointed Chief Executive Fabio Colletti Barbosa as a director, so he now serves as both CEO and board member until the next shareholders' meeting.

The company said the changes are part of the effort it began in 2022 to simplify its structure and governance. That effort has included cutting the number of board seats, delisting from the New York Stock Exchange, giving business units more autonomy and selling Aesop and The Body Shop.

At the same meeting, the board created a Products and Brands Committee and reshuffled its other committees. It said it was still evaluating a replacement for McMaster on the Audit, Risk Management and Finance Committee.