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Ultrapar Participacoes SA ( (UGP) ) just unveiled an announcement.
Ultrapar Participações S.A. has announced a planned transition in its leadership as part of a succession strategy. Rodrigo de Almeida Pizzinatto will take over as Chief Executive Officer, succeeding Marcos Marinho Lutz, who will move to the role of Executive Chairman. This transition aims to ensure continuity in the company’s strategic vision and leadership, with a focus on sustained value generation and business growth. The company also appointed Alexandre Mendes Palhares as the new Chief Financial and Investor Relations Officer. These changes are expected to solidify Ultrapar’s industry positioning and enhance its governance structure.
More about Ultrapar Participacoes SA
Ultrapar Participações S.A. is a publicly traded company headquartered in São Paulo, Brazil. It operates in several sectors, including fuel distribution through Ipiranga, liquefied petroleum gas through Ultragaz, liquid bulk storage via Ultracargo, and logistics through Hidrovias. The company focuses on maintaining strong governance and strategic planning to support its role as a long-term capital allocator.
YTD Price Performance: -47.02%
Average Trading Volume: 1,995,314
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.04B
Learn more about UGP stock on TipRanks’ Stock Analysis page.
