Lupatech S.A. (LUPAY: OTC Link) | Lupatech announces new CEO and Executive Management


Lupatech announces new CEO and Executive Management

Aug 31, 2011

OTC Disclosure News Service

Sao Paulo, Brazil –


Corporate Taxpayer’s ID (CNPJ/MF): 89.463.822/0001-12

Company Registry (NIRE): 43300028534

Publicly-heldCompany – Novo Mercado



Lupatech announces new CEO and Executive Management


Caxias do Sul, August 31, 2011LupatechS.A. (BMFBOVESPA: LUPA3) (OTCQX: LUPAY) (Lupatech FinanceLTD 97/8 Perpetual Bonds: ISIN USG57058AA01) (“Lupatech” or“Company”), leadingBrazilian supplier of manufactured products and services for the oil and gassector, announces a new CEO and Executive Management.

Searching for the continuousimprovement in its Corporate Governance, and aligned with the changes in theNovo Mercado listing rules, Lupatech will comply, three years in advance, withthe rule that determines that the positions of Chief Executive Officer (“CEO”)of the Company and Chairman of the Board of Directors must be occupied bydifferent executives.

By this way,Alexandre Monteiro takes over the CEO position, and will continue with theprocesses of rationalization of corporate structures and businesses integrationthat he was already conducting in the Chief Financial Officer (“CFO”) position,in addition to lead the operational recovery of the Company’s businesses. Alexandrewill also be in charge of Investor Relations.

Nestor Perini will remainas Chairman of the Board of Directors, and will focus efforts on strategic andinstitutional aspects of the Company’s interests.

The Commercial VicePresident position, currently occupied by José Abu-Jamra, will no longer exist,and he will dedicate himself fully to the position of member of the Board ofDirectors.

Additionally,considering the strategy of the Company for the coming years, it is presented anew Executive Management, with substantial role in the conduction of thebusinesses and in the execution of the strategic planning of Lupatech. The new ExecutiveManagement is composed as per below:


Brief description ofthe Executive Management:

Alexandre Monteiro(CEO). Graduatedin Metallurgical Engineering from PUC-RJ and PhD in Mineral Engineering from University of California (Berkeley), he has 13 years experience in financial markets working at BHP Minerals, Credit Agricole Indosuez,Unibanco, Aços Villares, and Grupo Libra where he was the Finance Planning Executive Director leading the centralization and standardization offinancial, accounting and control processes. He took over on April 2011 theposition of Financial Vice President/CFO and Investor Relations Officer ofLupatech, being elected by this date, Chief Executive Officer (CEO) of theCompany

Thiago Piovesan(CFO). Graduated inAccounting from Universidade São Judas Tadeu and MBA in Corporate Finance fromFGV, he has more than 12 years experience in large auditing companies such asPriceWaterhouseCoopers, Arthur Andersen and Deloitte, acting as senior managerand responsible for auditing large national and multinational companies. Since2008 he was in the Controller of Lupatech, being elected by this date for theChief Financial Officer (CFO) of the Company.

César Paolini (Director- Services). Graduated in Electronic Engineering from Universidad Simon Bolivar(Venezuela) and a Master in Management from Cambridge University, He hasextensive experience in the oil and gas sector, especially in services, workingfor more than 25 years at Schlumberger. He is the Director of Services since2011.

Paulo Silocchi (Director – Products). Graduated in Business Administration from Universidadede Caxias do Sul, post-graduated in Marketing Management also from Universidadede Caxias do Sul and from Universidade Federal do Rio Grande do Sul and Masterin Corporate Management with emphasis in innovation from Universidade Federaldo Rio Grande do Sul. He has a large experience in conducting industrial areas,working at Lupatech since 1986 and with the position of Director of Productssince 2008.


Jorge Tahan (Director Argentina – Country Manager). Graduated in Industrial Engineering andPost-Graduated in Industrial Development from Instituto de Ingenieria Tecnologica (Argentina). He has 40years experience in the valves sector and founded Jefferson, acquired byLupatech in 2007. He is responsible for the Argentine operations.


João Raful(HR Director). Graduated in Psychology from UNIP andpost-graduated in Business Management from USP and MBA in Human Resources fromColumbia University (New York), he has 20 years experience in Human Resources,working at multinationals as Cigna, Avery Dennison and Aços Villares (Gerdau). Heis the Human Resources and Organizational Development Director of Lupatechsince 2009.


The Company intendsin the next weeks to call a Shareholders Meeting to resolve on the necessarychanges in its Bylaws to adequate to the new listing rules of the Novo Mercado.

Conference Call

For moreclarifications about the new Executive Management, we will host a conferencecall in English (with simultaneous translation to Portuguese) as per below:

Date: 01/September/2011 (Thursday)

Time: 10:00 (US-EST)

Telephone: +55 11 3127-4971

Replay: + 55 11 3129-4999 (Portuguese #71776301 English #64374788)


Lupatech, through its Investor Relations Department, is available foreventual clarifications through the contacts below.


Investor Relations – Contacts

Alexandre Monteiro – CEO IRO                         Cynthia Burin – IRManager


Telephone: +55 (11) 2134-7000 or +55 (11) 2134-7088                                    


The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Leave a Reply