Petrobras Chair to Lead Braskem Board After IG4 Takes Control
IG4’s purchase of Novonor’s shares created a co-control pact that installs Helcio Tokeshi to carry out a financial reorganisation focused on preserving liquidity and boosting efficiency.
Overview
- Braskem shareholders approved statute changes and elected an 11-member board with Magda Chambriard as chair at an extraordinary general meeting held on Monday, June 8.
- The assembly raised several advisory committees to permanent statutory bodies and authorised a unified two-year board mandate that runs through approval of the 2027 financial statements.
- Control shifted when Novonor’s stake was transferred to IG4 Capital and a shareholders’ agreement with Petrobras formalised joint oversight of the company.
- IG4 and Petrobras indicated a new executive board led by Helcio Tokeshi, with each partner holding four executive seats and named senior managers including Carlos Brandão, Camilla Tápias, Luiz Rossato, Carlos Plachta and Raphael Franco de Campos.
- The incoming leadership has prioritised reorganising Braskem’s finances, protecting cash and improving operations, moves that could affect creditor talks, investor confidence and the company’s ability to fund projects and payroll in the near term.