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Brazil’s Scandal-ridden Odebrecht Company Changes Name; Attempting to Turn Over a new Leaf

RIO DE JANEIRO, BRAZIL - Brazilian construction giant Odebrecht announced on Friday, December 18th, it has changed its name to Novonor, attempting to turn over a new leaf following years of high-profile and damaging corruption scandals all over Latin America.

“We’re not erasing the past. The past cannot be erased,” said Mauricio Odebrecht, who represents the majority shareholder, in a statement.

“After all the changes and course corrections we’ve instituted, now we’re looking at what we want to be: a company inspired by the future. This is our new north.”

Odebrecht was at the centre of the . . .

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