Famita Civita leaves the command of Grupo Abril – Economy



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In a severe financial crisis, Grupo Abril announced Thursday afternoon that Marcos Haaland, a member of the financial restructuring company Alvarez & Marsal, will take over the presidency of the company. In an internal statement, Abril said the change is part of a "new phase of its operational restructuring process."

Giancarlo Civita, of the founding family of the group that publishes Veja magazine, is a permanent member of the board of directors. editorial, alongside Victor Civita Neto. He took the executive presidency in March of this year. "The family still controls the company with its shareholder position unchanged," says an e-mail sent to the group's employees.

The statement also states that Haaland "worked on debt renegotiation projects and improvement

last year, the group moved the headquarters of the company's neighborhood Pinheiros in So Paulo in a smaller building in Morumbi

The state learned that the consulting firm had resumed corporate gesture on Thursday 19. Starting tomorrow, the Civita family will only be not in front of the company.Alvarez & Marsal will set up a team to start the work and design the restructuring plan of the publisher.

Asked Alvarez & Marsal to confirm that he had taken the gesture of the group to "continue the process of operational restructuring of the company." Grupo 19659002 In a PriceWaterhouseCoopers report, the audit draws attention to the consecutive losses found by the group In 2017, it was R $ 331 million. t in 2016, 137 million reais. Assets are negative at R $ 715 million

(Luciana Dyniewicz and René Pereira)

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