It comes as Natura & Co revealed plans to reorganise its business structure in 2022
Natura & Co owns the Natura, Avon, The Body Shop and Aesop brands
Natura & Co’s Group CEO and Executive Chairman, Roberto Marques, has revealed he will be stepping down from both roles.
It comes as the beauty owner gears up to reorganise its business in 2022 and transition to a ‘simpler’ holding company structure.
The cosmetics company said the restructure aims to increase the ‘accountability’ of its Natura, Avon, The Body Shop and Aesop brands.
Marques will remain on the board of directors to assist with the handover period and plans to retire at the end of 2022.
Fabio Barbosa, current Chairman of the People Committee, will take over Marques to lead the company.
"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 recognised group of purpose-led brands,” said Marques.
“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.”
Barbosa served as CEO of the Abril publishing group from 2011 to 2015 and CEO of Santander Brazil from 2008 to 2011.
“I've always been an admirer of Natura, of its leadership in sustainability, and the very successful business it has become,” said Barbosa.
“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,” he added.