Mr Joaquim de Oliveira, replaces Henri Penchas who is retiring.
Mr Penchas steered the Brazilian group through an unprecedented period of expansion,
The new chief executive will now continue the group’s growth strategy with capital investments this year totalling R$660m (US$332m).
A major part of this will be devoted to the final launch by September 2013 of its nearly completed 580,000m3/year Siempelkamp MDF line at Itapetininga in São Paulo state.
Duratex has drawn up a blueprint for its latest plans to include the first stage of a major greenfield panels complex in Minas Gerais state, eventually to comprise two big board lines. Later the firm hopes to build a smaller panel plant in Brazil’s growing North East region,
