ÎÚÑ»´«Ã½

ÎÚÑ»´«Ã½ begins an important stage of renewal of  its governance, with the entry of IG4 into management, combining complementary profiles: on the one hand, the experience of IG4 in restructuring and management of complex assets; on the other hand, the more active presence of Petrobras, with its technical experience in the development of the petrochemical industry in the country. "The partnership between the companies reflects the new phase at ÎÚÑ»´«Ã½ to, by overcoming challenges, preserve its strategic relevance for the chemical and petrochemical chain and continue to contribute to the development of the industry and the communities in which it operates," said Hélcio Tokeshi, who takes over as CEO  
of ÎÚÑ»´«Ã½.

This partnership expands ÎÚÑ»´«Ã½'s execution capacity at a time of greater demand for the sector, in addition to supporting the advancement of a structured process of financial reorganization and operational adjustment to a more competitive environment. "The focus now is on execution: reorganizing the financial structure, improving operational efficiency while preserving liquidity and optimizing cash generation. It will be a joint work with Petrobras and IG4 and with a total focus on the company's development", says the CEO.

The move comes at a challenging time for the chemical and petrochemical industry, marked by increased volatility, pressure on margins and increased global competition. In this scenario, the company begins a process of reviewing and strengthening its long-term strategy.

"We will move forward in reviewing the strategy with discipline in capital allocation, in order to prioritize initiatives with clear returns. In parallel, we are conducting a structured agenda to address the company's financial position, with dialogue with financial stakeholders to optimize the capital structure", adds Hélcio.

New executive leadership

As part of this new stage, ÎÚÑ»´«Ã½ now has an executive leadership with experience in turnaround, finance and business transformation:

• Camilla Tápias, Vice President of the Legal and Institutional Relations area - Executive with more than 25 years of experience in regulation, complex negotiations and institutional relations, with a consolidated trajectory in the  
• Telefónica group.
• Carlos Brandão, CFO - Partner at IG4 Capital and former CFO of Oi, where he led one of the largest debt restructurings in Latin America. Executive with more than 25 years of experience in the areas of Finance and Operations, working in mergers and acquisitions, debt restructuring and strategic planning.
• Carlos Plachta, Global Vice President of Logistics, Trading and Market - Executive has more than 20 years of experience with a strong performance in managing projects and working in the commercial, financial, cost and turnaround areas. Plachta has previously served as an independent member of ÎÚÑ»´«Ã½'s Board of Directors.
• Hélcio Tokeshi, CEO - Partner at IG4 Capital, with 35 years of experience in the public and private sectors, standing out in turnaround projects and complex asset management. He was CEO of Corredor Logística e Infraestrutura (CLI) and Secretary of Finance of the State of São Paulo.
• Luiz Rossato, Vice President of Transformation - Executive with experience in strategy, M&A and corporate transformation. He has held C-Level positions  for more than 14 years, in companies such as Atvos and Via, working on growth and restructuring projects in different markets.
• Márcio Pitzer, Vice President of Compliance and Auditing - Executive who remains in the company, with more than 25 years of experience in the areas of Audit, Compliance and Risk Management, in addition to stints at companies such as Oi and Fininvest Administradora de Cartões.
• Nir Lander, Vice President of Corporate Affairs - Executive with 25 years of experience in different sectors, having worked for companies such as Oi and Ocyan. He remains at ÎÚÑ»´«Ã½ leading the People area, among other topics, with a focus on corporate management.
• Raphael Franco de Campos, Global Vice President of Operations - Executive has more than 20 years of experience in the oil and gas industry with a focus on Petrobras' refining operations.

It is important to note that ÎÚÑ»´«Ã½ continues with normal operations and maintains its legal, regulatory, safety and socio-environmental commitments, in addition to the relationship with customers, suppliers, communities and authorities.