Cosan CFO Named Latin Trade CFO of the Year
MIAMI, April 11, 2013
MIAMI, April 11, 2013 /PRNewswire/ -- Latin Trade was pleased to announce its
selection of Marcelo Martins, Chief Financial Officer of Brazil's Cosan, as
its recipient of the 2013 CFO of the Year – Brazil, in Sao Paulo.
Martins was instrumental in guiding the finances of Cosan - a public company
involved in the production of bioethanol, sugar, and energy – which saw a
substantial revenue increase in the past year.
In the final quarter of 2012, compared with the final one of 2011, Cosan saw a
net operating revenue growth of 33.1 percent, resulting in $4.3billion of net
revenues in that quarter, with the EBITDA more than doubling year over year to
The year was a good one for Cosan and Martins. In May the company acquired a
60 percent stake in Brazil's Comgas, a Brazilian gas distribution company, for
$1.8 billion. The acquisition was led by Martins, who sought to acquire the
share in an effort to diversify the company's dependence on the volatile sugar
and ethanol markets.
The efforts seem to be paying off. The company's market capitalization reached
$9.2 billion, and its stock price showed a 19% increase YoY.
Martins, 45, has been a member of Cosan's board since March, 2009. Before
joining Cosan, Martins worked as Chief Financial Officer for Votorantim
Cimentos between 2003 and 2007, and before that worked as head of Latin
American Fixed Income at Salomon Smith Barney in New York.
Marcelo Martins received the award in Sao Paulo. The award has been given to
professionals such as the CFOs of Petrobras and Copersucar in Brazil and
America Movil and Grupo Mexico in Mexico.
LT CFO Forum are private events that offer CFOs, finance directors, treasurers
and controllers from various industries in Latin America the opportunity to
participate in high-level peer group discussions and interact in a private
setting. The events equip CFOs with expert insight that helps them prepare for
challenges across domestic and international borders.
Since 2005 LT CFO Events foster a greater level of discussion and interaction
between senior executives focusing on the trends, challenges and solutions
through regional events in Miami and local chapters in key markets in Latin
About Latin Trade Group
Latin Trade Group is a leading provider of information and business services
to companies operating in Latin America. It publishes award-winning content in
Spanish and English for distribution throughout Latin America, the Caribbean
and the United States through print, online media and events. Latin Trade
group publishes Latin Trade and SPLENDID magazines, Latin Business Chronicle,
and is the organizer of the Latin Trade Symposium and BRAVO Business Awards,
the LT CFO Series for financial executives of multinational corporations and
Contact: Santiago Gutierrez, executive editor, Latin Trade, 305-744-3044,
SOURCE Latin Trade Group
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