Braskem Gradin to take up position in parent company

22 November 2010 18:04  [Source: ICIS news]

HOUSTON (ICIS)--Braskem said on Monday outgoing chief executive Bernardo Gradin would take a “strategic position” in the Odebrecht group, which controls the Brazilian company.

Braskem on Monday said Gradin would step down in 2011, adding that his job would go to Carlos Fadigas, who is now overseeing the company’s operations in the US.

Fadigas would take over at the beginning of 2011, Braskem’s spokesperson Ana Paiva said.

Odebrecht holds 50.1% of Braskem’s voting capital, according to information on the company’s website.

Brazil’s state-run oil company Petrobras is the other major shareholder, with a 47.0% stake in the company.

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By: William Lemos
+1 713 525 2653



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