Marcelo Castelli to be new Global CEO of Votorantim Cimentos after conclusion of Fibria and Suzano transaction

Marcelo Castelli

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São Paulo, December 3, 2018 –Fibria, a Brazilian company that is the world's leading producer of eucalyptus pulp from planted forests, hereby announces that its president and chief executive officer, Marcelo Castelli will be the new Global CEO of Votorantim Cimentos, effective February 1, 2019, after the settlement of the transaction between Fibria and Suzano.

Following the approval given by the antitrust authorities, the corporate restructuring of Fibria and Suzano should be concluded on January 14, 2019, which will create Brazil's largest agricultural company and its fourth largest non-financial company.

Castelli will succeed the current Global CEO of Votorantim Cimentos, Walter Dissinger, who informed the company of his wish to pursue new challenges. In view of the situation, Votorantim Cimentos and Walter Dissinger reached a mutual agreement for his stepping down. Dissinger will stay on to support his successor's integration at the new company during the first months of next year.

With a career spanning over 31 years, Castelli began his story at Votorantim in 1997, when he joined Votorantim Celulose e Papel (VCP). Since then, he has held various executive positions and coordinated the integration of VCP and Aracruz, which culminated in the creation of Fibria, in 2009. At the company, Castelli has served as Forestry Officer, Paper Officer, Strategy Officer, Procurement Officer and, since July 2011, Chief Executive Officer of Fibria. As the CEO of Fibria, Castelli played an essential role in consolidating the company's position as the world's largest pulp producer and in transforming it into a global reference in innovation and sustainability.


About Fibria

As the world's leading eucalyptus pulp producer, Fibria strives to meet sustainably the world's growing demand for products from planted forests. With annual pulp production capacity of 7.25 million tons, the company has industrial units in Aracruz (Espírito Santo), Jacareí (São Paulo) and Três Lagoas (Mato Grosso do Sul), as well as in Eunápolis (Bahia), where it operates Veracel, the joint venture with Stora Enso. Fibria has 1,092,000 hectares of forests, which include 656,000 hectares of planted forests, 374,000 hectares set aside for environmental preservation and conservation, and 61,000 hectares destined for other uses. The pulp produced by Fibria is exported to over 35 countries and is used to make educational, health, hygiene and cleaning products. Learn more at www.fibria.com.br


Source: Fibria

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