An economist with more than 25 years' experience in the capital market, Marcos Grodetzky has worked at HSBC, Telemar, Citibank, Unibanco and Banco Safra, among other institutions. He takes over the running of the company's financial and investor relations areas from Valdir Roque, who has resigned from the post. A graduate of the Military Institute of Engineering, with post-graduation in business administration from COPPEAD, Evandro César Camillo Coura has 29 years of professional experience that includes the Brazilian Development Bank (BNDES) and multinational corporations. He assumes the newly created post of Executive Officer of Controllership at Aracruz, with responsibility for Controllership, Risk Management, Supplies and Information Technology.

These changes are part of the process of reorganizing the company's financial area, and will not interrupt Aracruz' ongoing negotiations with its banks.

The chairman of the board, Carlos Alberto Vieira, affirmed that, "Aracruz is reinforcing its corporate governance and strengthening its overall structure in order to meet future challenges". He added that, "despite the difficulties imposed by the adverse international scenario, which is affecting the country's entire production sector, the company retains its strong fundamentals and competitive advantages, as well as its leadership in the eucalyptus pulp market."