Results

Ocean Wilsons Holdings Ltd.

09/16/2020 | Press release | Distributed by Public on 09/16/2020 00:04

Wilson Sons Limited Management

Ocean Wilsons Holdings Limited

Wilson Sons Limited Management

On 15 September 2020 our principal operating subsidiary, Wilson Sons Limited made the following announcement to the Brazilian and Luxembourg Stock Exchanges.

Rio de Janeiro, 15 September 2020 - Wilson Sons Limited (B3: WSON33) ('Wilson Sons', 'Company' or 'Group') informs that, pursuant to its Bye-laws, the Board of Directors has accepted the resignation of Mr. Cezar Baião from the position of CEO of Operations in Brazil to be effective from 5 March 2021. The Board has accepted the nomination and decided to appoint Mr. Fernando Fleury Salek as CEO of Operations in Brazil. Mr. Salek currently acts as CFO of the Company's Brazilian subsidiaries and Head of Investors Relations.

Mr. Baião continues his office as Director and Deputy Chairman of the Board of Directors of the Company. In Brazil, he will hold the position of Chairman of the Board of Directors of Wilson Sons de Administração e Comércio Ltda ('WSAC'), the Brazilian holding company.

Cezar Baião joined Wilson Sons as CFO in 1994 and he has been leading the Brazilian operations as CEO for the past 19 years.

During his term, Wilson Sons became the largest integrated provider of port and maritime logistics services in Brazil, consisting of container terminals in Bahia and Rio Grande do Sul, the largest harbour towage fleet in the country (80 tugboats), 23 offshore supply vessels, two offshore supply bases in Rio de Janeiro, bonded logistics centres, two shipyards in Guarujá (São Paulo) and one of the largest independent shipping agencies in Brazil. The Group also became renowned nationally and internationally for its excellence in health, safety, environmental and sustainability management.

Fernando Salek will assume the position of CEO of Operations in Brazil after five years acting as CFO of the Brazilian subsidiaries and Head of Investors Relations. He holds a position as a member of Wilson Sons' Board of Directors. During this period, he was deeply involved in the broadest aspects and most complex challenges of the operations and will continue to drive the Company's business towards its long-term strategy.

Mr. Salek is an economist having graduated from PUC-Rio with specialisation in Corporate Finance, International Finance and Marketing. Before joining Wilson Sons, he was Vice President of Finance at BG Group and BHP Billiton.

The Company will start the selection process for a professional to replace Mr. Salek as CFO of the Brazilian subsidiaries and Head of Investors Relations as from March 2021.

The changes reflect the decision of Mr. Baião to dedicate himself to strategic activities for Wilson Sons. His appointment as Chairman of the Board of Directors of WSAC (Brazilian holding entity) and the choice of Fernando Salek for the position of CEO will ensure a seamless succession in the day-to-day operations and complete continuity in the Company's business strategy and leadership.

Enquiries

Company Contact

Keith Middleton

+1 441 295 1309

Media

David Haggie

Haggie Partners LLP

+44 20 7562 4444