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Braskem announces new CFO

07
May '10
Braskem S.A. announces the nomination of Carlos José Fadigas de Souza Filho as its new CFO and Investor Relations Director, as of January 2007, replacing Paul Altit, who will take over new responsibilities at Construtora Norberto Odebrecht – CNO. Mr. Altit played a key role in Braskem's performance since its creation in 2002, resulting in major contributions to the strengthening of the Company's financial position, and to the completion of its corporate integration process.

Mr. Fadigas, 36 years old, is graduated in Business Administration from Unifacs, Bahia, and holds an MBA degree from the Institute for Management Development – IMD – in Switzerland. He started his career at Citibank in 1990 and served in several positions at OPP and Trikem, companies that were merged into Braskem. Since 2002, he has been the CFO of CNO, and participated in important transactions in the local and international capital markets.

Mr. Fadigas' appointment is a good example of the Company's commitment to adequately employ its best talents, promoting a natural turnover of its leading executives. “Fadigas has a sound experience in the financial and petrochemical areas and a good knowledge of international markets, and will certainly make a major contribution to the Company's process of growth with value creation, accelerating its internationalization process”, says CEO José Carlos Grubisich. “His mission will be to give continuity to the excellent job so far developed by Paul Altit, who is recognized by the entire financial sector as having been decisive in consolidating Braskem as a world-class company”, says Grubisich.

The commitment to creating value for all shareholders by increasing its strategic flexibility and reducing the cost of capital, will remain a key priority for Braskem's financial management. “The Company's growth strategy will continue to be based on a consistent investment policy, combined with capital discipline, thus ensuring adequate return on capital employed”, says Fadigas.

Braskem S.A.


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