ARACRUZ CELULOSE ANNOUNCES NEW PRESIDENT
RIO DE JANEIRO, Oct. 18 /PRNewswire/ -- Aracruz Celulose S.A. (NYSE: ARA) announced today that Luiz Kaufmann, 48, will be appointed president of the company and will assume the position as of Nov. 17. Mr. Kaufmann's appointment completes the company's executive search that started with the retirement of Armando da Silva Figueira. Carlos Augusto Lira Aguiar, acting president in this interim, returns to i?s duties as industrial director. Since November 1990, Mr. Kaufmann has been executive vice president of PETROPAR, a holding company with business in petrochemicals, plastics, textiles, forestry, farming and cattle raising. PETROPAR is based in Rio Grande de Sul. Prior to that, he was general director of Multiplic Bank in Sao Paulo (1985-1990) and of Arthur D. Little in Sao Paulo (1977-1984). Mr. Kaufmann holds a degree as a mechanical engineer from the Federal University of Parana (1968) and a Master of Sciences in Industrial Engineering from the Illinois Institute of Technology (1970). Aracruz Celulose S.A., headquartered in Rio de Janeiro with its Rio de Janeiro with its production operations in the coastal state of Espirito Santo, is the world's largest producer of bleached eucalyptus kraft market pulp.
Eucalyptus pulp is a high-quality hardwood pulp used by paper manufacturers to produce a wide range of products, including premium tissue, printing and writing papers, liquid packaging board and specialty papers. Aracruz is the first Brazilian company to list on the New York Stock Exchange.
-0- 10/18/93 /CONTACT: Mauro Molchansky, chief financial officer of Aracruz Celulose, 011-55-21-541-8194, or Corey Cutler of Dewe Rogerson Inc., 212-688-6840/ (ARA)
CO: Aracruz Celulose S.A. ST: IN: PAP SU: PER
SH-PS -- NY032 -- 3280 10/18/93 10:25 EDT
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|Date:||Oct 18, 1993|
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