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Fibria's Aguiar Wins Latin American CEO Award

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Carlos Aguiar, former CEO of Fibria, Brazil, has been selected as the 2011 Latin American CEO of the Year by RISI. Aguiar was chosen by a group of investment analysts and portfolio managers covering the forest products industry. The criteria for nomination included leadership, vision, and strategic accomplishment.

Aguiar was chosen as the winner due to his significant achievements in managing the company's leverage situation and his outstanding financial discipline and control. Fibria, the largest bleached eucalyptus kraft (BEK) pulp producer, reported a boom in its net profit in 1Q 2011 over 1Q 2010 from Real 9 million ($5.7 million) to Real 389 million ($247.8 million) under Aguiar's leadership.

"Although Fibria has only two years, the company has already shown its potential and capacity to produce more than 5 million metric tons of pulp per year with an operation based on sustainability and efficiency due to the 875 thousand hectares of renewable forest plantations in which the company invests," Aguiar commented.

Aguiar served as Fibria CEO from September 2009 until June 2011. Before that, he served as president of Aracruz from April 1998 until the Aracruz merger. Prior to becoming president of Aracruz, Aguiar served as VP from April 1993 to April 1998 and as an executive officer from 1985 to 1993. After joining Aracruz in 1981, he held various managerial positions in Aracruz's operations department.

Aguiar will become a member of Fibria's Board of Directors in 2012. Marcelo Castelli, who was the company's director of Forestry, Paper, Strategy, and Supplies, assumed the post previously held by Aguiar, who headed the company since it was founded, on September 1, 2009.


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