Braskem News

Bernardo Gradin is Appointed New CEO of Braskem

SAO PAULO, Brazil, July 3 PRNewswire-FirstCall — Braskem (BOVESPA: BRKM3, BRKM5, BRKM6; NYSE: BAK; LATIBEX: XBRK), the leading company in the thermoplastic resins industry in Latin America and third-largest resin producer in the Americas, announces the start of a new cycle in its business development with the appointment of Bernardo Gradin as its new CEO, replacing Jose Carlos Grubisich, who has led the company over the past seven years.

Braskem's new CEO will have the mission of implementing this strategy while identifying new growth opportunities aimed at positioning Braskem among the ten largest global petrochemical companies.

The appointment of Bernardo Gradin as Braskem's new CEO was made in line with the planned leadership succession at Organizacao Odebrecht, the controlling shareholder of Braskem. Gradin participated in the entire creation and strategy-formulation process at Braskem, where he has also performed important executives roles, such as vice-president of the Vinyls and Basic Petrochemicals units. He is a civil engineer with an MBA from Wharton Business School and joined Odebrecht in 1987, where most recently he served as head of Odebrecht Infrastructure and Investments (OII).

Grubisich is leaving Braskem to serve as CEO of ETH Bioenergia S.A., a company that consolidates Odebrecht's investments in the sugar and ethanol industry, an area that offers huge opportunities for growth through new production capacities and active role in the consolidation process.

Full Notice to the Market is available on the Company's IR website: http://www.braskem.com.br/ir

SOURCE Braskem

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