Marcopolo SA Appoints Paulo Cezar da Silva Nunes as President of Board of Directors
April 07, 2016 at 08:02 am EDT
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Marcopolo SA appointed Paulo Cezar da Silva Nunes for the presidency of the board of directors. The executive replaces Mauro Gilberto Bellini that has been in the Board since 2008, first as member, then he became a counselor and then he was promoted to vice president and president. He will still be an active member of the Executive Committee and the Strategy and Innovation Committee as well as Chairman of the Board of Directors of Banco Moneo Bank.
Marcopolo SA, formerly Marcopolo SA - Carrocerias e Onibus, is a Brazil-based company primarily engaged in the manufacture of buses. The Company's activities are divided into two business segments: Industrial and Finance. The Industrial division focuses on designing, producing and distributing bus bodies and spare parts. Its product lines comprise a range of models, including coaches, intercity, urban and micro buses, as well as light commercial vehicles (LCVs), which are marketed under the Volare brand name. The Finance division is responsible for financing transactions through Banco Moneo. Its financial products include personal and commercial credits, leasing with purchase option, short-term loans and credit lines. The Company operates through a number of subsidiaries in Brazil, Argentina, Mexico, Canada, South Africa and China, among others.