Suzano Leadership Shake-Up Removes Three Vice-Presidents

Brazil · BUSINESS

The reshuffle comes just before Suzano’s second-quarter earnings, with the industrial vice-presidency redrawn to include supply and FuturaGene.

Suzano leadership shake-up has removed three vice-presidents from the Brazilian pulp and paper giant. According to a board meeting held on 12 August 2026.

The changes were disclosed in the minutes, or ata, released on 21 August 2026, and include a reorganisation of executive responsibilities.

Suzano Leadership Shake-Up Details

The Suzano leadership shake-up began with the resignation of Aires Galhardo, the Executive Vice-President for Industrial Pulp, Engineering and Energy. His departure was announced in a communication to the CVM, Brazil’s securities regulator, on 4 August 2026, effective from 28 August 2026.

Caroline Carpenedo resigned as Vice-President of Human Resources. In addition, Luís Renato Costa Bueno left his post as Vice-President of Consumer Goods and Corporate Relations.

These two roles were non-statutory, meaning they were not part of the formal officer structure in the company’s bylaws. The resignation was filed as a pedido de saída, or departure request, with no reason given.

However, the company stated it was in line with best corporate governance practice.

Board Approves Reorganisation

The board of directors, or conselho de administração, approved the reshuffle at a meeting on 12 August 2026. The minutes, released on 21 August 2026, detail the new responsibilities.

Carlos Aníbal Fernandes de Almeida Júnior, a current Executive Vice-President, will take over Galhardo’s industrial role. He will also lead Supply, Certification Strategy, and FuturaGene, according to the official communication.

The minutes, or ata, were released on Friday 21 August 2026. Meanwhile, the board’s approval came just days before Galhardo’s exit takes effect.

Industrial Vice-Presidency Redrawn

Galhardo’s former role covered Pulp Operations, Engineering, Energy, DigitalTech, and New Business. His successor’s remit now includes Supply and FuturaGene, replacing DigitalTech and New Business.

As a result, the DigitalTech unit was merged into the Finance and Investor Relations area. Marcos Moreno Chagas Assumpção now heads the combined statutory executive vice-presidency for Finance, Investor Relations, and DigitalTech.

The new role excludes DigitalTech and New Business, which were moved elsewhere. As a result, the industrial vice-presidency now focuses on pulp, engineering, energy, supply, and FuturaGene.

Timing Near Second-Quarter Results

The first departure notice was filed on 4 August 2026, just nine days before Suzano published its results. In fact, those results came on 13 August 2026.

The board approved the wider reshuffle on 12 August 2026, the day before those results. Money Times headlined its 4 August report ‘Suzano (SUZB3) troca vice-presidente antes do balanço do 2T26’.

Therefore, it means Suzano swaps vice-president ahead of second-quarter earnings. The timing suggests the changes were coordinated with the financial reporting calendar.

The reshuffle was approved on 12 August, the day before the results release. Consequently, the timing suggests careful coordination with the financial calendar.

Suzano’s Global Position

Suzano describes itself as the world’s largest pulp producer, a global reference in making bioproducts from eucalyptus. The company is listed as SUZB3 on B3, the São Paulo stock exchange, and as SUZ on the New York Stock Exchange.

Its products include pulp, paper, and consumer goods such as toilet paper and nappies. The company’s pulp, or celulose, is made from eucalyptus, a fast-growing hardwood that yields short-fibre pulp.

Suzano’s pulp is made from eucalyptus, which yields short-fibre pulp. This product is used in paper, cardboard, and tissue products.

Second-Quarter 2026 Results

Suzano’s second-quarter 2026 results, released on 13 August 2026, showed net revenue of R$ 11.6 billion. Adjusted EBITDA, a measure of operating cash generation, reached R$ 4.7 billion, and net profit was R$ 1.8 billion.

Sales volumes moved 3.3 million tonnes in the quarter. For example, that included 2.9 million tonnes of pulp and 406,000 tonnes of papers for various uses.

These figures come from the company’s official results release. Adjusted EBITDA stood at R$ 4.7 billion, while net profit was R$ 1.8 billion.

These figures were part of the official results release on 13 August 2026.

Projeto Cerrado Mill

Suzano’s installed pulp capacity after the start of operations at the Projeto Cerrado mill is 13.45 million tonnes per year. The mill, located at Ribas do Rio Pardo in Mato Grosso do Sul, began operations on 21 July 2024.

The plant has a capacity of 2.55 million tonnes of eucalyptus pulp annually. As a result, that came from a total investment of R$ 22.2 billion.

Suzano described it as the largest single pulp production line in the world. The mill began operations on 21 July 2024, with a capacity of 2.55 million tonnes per year.

That investment of R$ 22.2 billion made it the largest single pulp line globally.

Statutory vs Non-Statutory Roles

Brazilian companies distinguish between the diretoria estatutária and non-statutory vice-presidencies. In short, the former are officer posts appointed by the board, while the latter are internal roles.

Galhardo’s post was statutory, while the Human Resources and Consumer Goods posts were not. The distinction matters because statutory changes require formal disclosure to the market.

The board minutes confirm the reorganisation of the statutory structure, while the non-statutory departures were also noted in the same document. Statutory roles are appointed by the board and require formal disclosure.

In contrast, non-statutory roles are internal and do not need such filings.

Looking Ahead

Galhardo’s departure takes effect on 28 August 2026. Even so, that date is still in the future as of this article’s writing on 23 August 2026.

The new leadership structure is now in place, with Almeida Júnior taking on expanded duties. Meanwhile, the roles of Human Resources and Consumer Goods remain without named successors, as the company has not disclosed further appointments.

The Suzano leadership shake-up reflects a broader effort to streamline operations, though the company has not stated reasons for the changes. The company has not named successors for the two non-statutory roles.

Still, the new structure is in place, with Almeida Júnior taking on expanded duties.

Frequently Asked Questions

Who are the three vice-presidents removed in the Suzano leadership shake-up?

Aires Galhardo, the Executive Vice-President for Industrial Pulp, Engineering, and Energy, resigned. Caroline Carpenedo, Vice-President of Human Resources, and Luís Renato Costa Bueno, Vice-President of Consumer Goods and Corporate Relations, also resigned.

When was the Suzano leadership shake-up approved?

The board of directors approved the changes at a meeting on 12 August 2026. The minutes were released on 21 August 2026, according to Money Times and Investidor10.

What changes were made to the industrial vice-presidency?

Carlos Aníbal Fernandes de Almeida Júnior takes over the role, now including Supply, Certification Strategy, and FuturaGene. DigitalTech and New Business were removed from the role, with DigitalTech merged into Finance.

How did the Suzano leadership shake-up affect the DigitalTech unit?

DigitalTech was merged into the Finance and Investor Relations area, now headed by Marcos Moreno Chagas Assumpção. The new unit is called the statutory executive vice-presidency for Finance, Investor Relations, and DigitalTech.

Sources: Money Times; Investidor10; Suzano S.A.; Comissão de Valores Mobiliários.

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