Paulo Castellari has officially stepped down from his role as Chief Executive Officer. The company has disclosed the financial arrangements related to his departure, in line with regulatory recommendations and corporate governance standards. Specific terms include severance payments and any outstanding entitlements, ensuring transparency for shareholders.
**Why this matters**
Understanding the financial terms of a CEO’s departure is important for investors and stakeholders as it impacts company finances and governance practices. Clear disclosure helps maintain trust and provides insight into the company’s leadership transition process.
Source: NewsData