BY LBC STAFF
Petrobras CFO Almir Barbassa has been named Brazil’s CFO of the Year (Expansion) by Latin Trade, while Copersucar CFO Luis Felipe Schiriak was named CFO of the Year (Dynamic Growth).
They received their awards during an LT CFO Event in
"Almir Barbassa has played a key role in the successful financial operations of Petrobras,
Barbassa joined Petrobas in 1974 and has spent his entire professional career at the company. He worked his way up, holding a variety of financial and planning positions over the years. By 1999, he was overseeing corporate finance and treasury activities. In 2005, Barbassa was promoted to CFO. During his tenure, Petrobras has reported robust increases in revenue and profits and vastly expanded its operations to tap newly discovered reserves, efforts that require massive financing.
Petrobras not only is the top company in Latin America in revenues ($128 billion), but also profits ($21.1 billion), according to the Latin 500 from Latin Business Chronicle and Latin Trade.
Copersucar, Brazil’s leading producer and exporter of sugar and ethanol, was one of Latin America’s shining stars last year in revenue and profit growth, according to the Latin 500. It posted the second-highest profit growth and the fourth-highest revenue growth.
Schiriak joined Copersucar last year after working in such industries as oilfield services, retail and telecommunications as well as for a major industrial conglomerate, Grupo Votorantim.
“Shiriak is playing a key role at a company that is growing at significant rates and is expected to continue doing so in the future as well,” Bamrud says. “For that we have named him the CFO of the Year in the dynamic growth category.”
© Copyright Latin Business Chronicle