Braskem, leader in the production of plastic resins in the Americas, within its business succession plan, announces Fernando Musa appointed to be the new president to replace Carlos Fadigas. This change takes place after the completion of an important step in the internationalization of Braskem with the start of operation of the Mexico Petrochemical Complex, where approximately US$ 5 billion were invested.
Carlos Fadigas will continue working at Odebrecht Group, especially supporting the new internationalization cycle of Braskem. Throughout the last five years, in Fadigas’s leadership period, Braskem started its industrial operations in Europe, won the leadership of the North American polypropylene market and carried out the biggest investment in its history in Mexico. The company has consolidated the position of the sixth largest producer of plastic resins in the world, reaching a record EBITDA of R$ 9.4 billion in 2015.
Fernando Musa is a B.Sc. in Mechanical Engineering by Instituto Tecnológico da Aeronáutica (ITA, Aeronautics Technological Institute) and has an MBA degree by Insead, in France. He has worked in several companies such as McKinsey, Editora Abril and Monitor Group.
Musa joined Braskem in 2010 as the vice-president of the Strategic Planning area. Since March 2012, he worked as the president of Braskem America, unit responsible for Braskem's business both in the United States and in Europe. Throughout his management period, Braskem integrated assets purchased from Sunoco and Dow and started major strategic projects for the strengthening of the presence of the Company in the USA. Musa’s international experience in the recent years was fundamental for his indication as the new leader of Braskem in the next cycle of growth.
“One of my priorities will be to deepen the successful strategy of growth and internationalization, reinforcing the competitiveness in all our operations and seeking new investment opportunities in Brazil and abroad”, says Fernando Musa.
The appointment of Fernando Musa will be submitted to the Braskem’s Board of Directors.