Shareholder defines Odebrecht Group´s new governance model
(World News Brazil)

São Paulo, December 11 - The chairman of the board of Odebrecht S.A., Emílio Odebrecht, announced in a notice to the company`s 75,000 employees a series of decisions taken by the controlling shareholder to strengthen the governance and compliance model and to clearly define the operational scopes of the shareholders, directors and leaders of the Group`s companies. Effective immediately, the position of chief executive officer of the holding company no longer will be exercised by a member of the Odebrecht family. The chief executive officer will be selected by the chairman of the Board of Directors (BoD) from among the executive officers of Odebrecht S.A....