Natura &Co To Reorganize Group Functions

Natura &Co has announced a group reorganization plan in line with its strategic direction to increase the accountability of the individual Business Units and brands—Natura, Avon, The Body Shop, and Aesop.  The company will transition to a simpler holding company structure. To this end, non-executive director Fabio Barbosa, chairman of the People Committee, will lead the Natura &Co Group, as well as a workstream to define the new corporate structure over the next months.

Roberto Marques, current Group CEO and executive chairman, is stepping down from these roles.  He will remain on the board of directors to help the transition and plans to retire by year end, the company said.

Other group roles such as sustainable growth officer and chief transformation officer will no longer exist or will be revisited in the new structure, the company announced.

“After a rewarding and intense six years, I'm forever grateful to our entire network of associates, consultants, representatives, and partners for the opportunity to help build Natura &Co into a global and recognized Group of purpose-led brands. A reset of our group and governance structure is the right direction and I'm committed to helping Fabio and the Board over the coming months. I'm also excited about some personal projects and the opportunity to spend more time with my family in the near future,” said Marques in a statement.

“I've always been an admirer of Natura, of its leadership in sustainability, and the very successful business it has become. I joined the board five years ago and it has been a great opportunity to contribute to its development. Today we are announcing another important milestone by reenergizing the capacity of the four business units. They will be supported by a new and leaner corporate structure that will be implemented in the coming months,” added Barbosa.