Mills & Technology Newsletter
BRUSSELS, July 1, 2014 (PPI Magazine) - Fibria's CEO, Marcelo Castelli, has been named the 2014 Latin American CEO of the Year by RISI. Analysts nominated Castelli because of the company's consistent financial performance, with one saying: "Marcelo Castelli has presided over the company during a tremendous 2013. Fibria was successfully able to de-lever its balance sheet, reduce its cost of funding and improve its credit ratings. In addition, there was good shareholder value creation from the Parkia deal, while at the same time keeping very tight cost controls".