Novonor announces new CEO

Héctor Núñez, Cuban-American who has been living in Brazil for more than 20 years, is the new CEO of the Group’s holding. Know more.

Training on the work environment and microaggression: understanding to avoid

Training carried out with members of Novonor S.A. and Horiens to promote reflection on experiences with microaggression and realistic strategies to solve and prevent them, especially in the workplace.

ISO 37001 – Anti-Bribery Management System Certificate

Novonor, former Odebrecht, it was awarded with the ISO 37001 – Anti-Bribery Management System Certificate, after an audit by an international company.

New leadership

José Mauro Carneiro da Cunha is the new CEO of Novonor S.A. and Héctor Núnez the Chairman of Novonor’s Board of Directors.

External monitoring is concluded

Odebrecht has received the confirmation that the independent external monitoring that the U.S. Department of Justice (DoJ) had been performing inside the company since February 2017 is concluded.

Training on Compliance Psychology

Training held for the Odebrecht S.A., Horiens, OTP and OEC Compliance teams.

Approval of the Court-Supervised Reorganization

The General Meeting of Creditors approved the Court-Supervised Reorganization Plan of Odebrecht S.A. and 11 other controlled or controlling companies. To learn more, click here.

New Policies

Odebrecht discloses new Policy on the Compliance System and Code of Conduct.

Horiens is the new name of OCS

The new name of Odebrecht Insurance Broker (OCS) reflects the essence of our operations, which goes beyond merely providing insurance brokerage services and involves a more comprehensive approach to risk management, which includes structuring and managing insurance programs.

Odebrecht S.A. and OEC reach settlement agreement with the IDB Group

The Office of Institutional Integrity of the Inter-American Development Bank (IDB) Group announced today a settlement agreement with Odebrecht S.A., Odebrecht Engenharia e Construção S.A., and CNO S.A.. As a result, it was agreed a contribution of US$ 50 million, to be paid starting in 2024, to NGOs and social projects that support improvement of the quality of life of vulnerable communities in the IDB’s developing member countries.

Court-Supervised Reorganization of Odebrecht S.A

Odebrecht S.A., jointly with its parent companies and certain subsidiaries, filed for court-supervised reorganization. Both the operational and auxiliary companies and ODB itself will continue to operate normally, focusing on the common goal of ensuring their financial stability and sustainable growth to preserve their social purpose of maintaining and creating jobs.

OTP is new brand of Odebrecht TransPort

Odebrecht TransPort is now OTP, marking its positioning as an investor in highway concessions, urban mobility and logistics projects. Learn more.

Training course on antitrust laws

All team members of Odebrecht S.A. participated in a training course on antitrust laws, which addressed topics such as the work of antitrust authorities in Brazil, anticompetitive conduct and information for conducting business with integrity and transparency. The meeting is part of the training program on compliance of Odebrecht S.A., which aims to ensure that all team members conduct their business activities ethically.

Odebrecht signs Collaboration Agreement with Peru

After signing two preparatory agreements in recent years, Odebrecht and the Peruvian Government that establishes the foundation for the continuity of the company’s cooperation with the country’s justice system.

Eletrobras joins Leniency Agreement

Eletrobras announced to the market that it has joined the Leniency Agreement signed by the Ministry of Transparency and the Controller General’s Office (CGU) with Odebrecht, with the Attorney General’s Office (AGU) acting as the intervening party. By joining the agreement, Eletrobras will receive R$161.8 million, which is part of the amounts already agreed with the Federal Prosecution Office (MPF), CGU and AGU, when Odebrecht undertook to pay R$2.7 billion to the Federal Government and state-owned companies for acts of corruption unearthed by Operation Car Wash.

New independent board member at Odebrecht S.A.

Odebrecht S.A. has announced the hiring of João Pinheiro Batista Nogueira to serve on its Board of Directors. He is the fifth independent board member. João’s arrival will reinforce and contribute to the Odebrecht Group’s strategy. Learn more.

Strategic Direction for 2019/2021

Members of the Global Advisory Council were in São Paulo for the second straight year to participate in a series of seminars and meetings with Odebrecht leaders. The central theme of their agenda was improving the Strategic Direction for 2019-21 of Odebrecht S.A. and the Group. Watch the testimonials of members of the Global Advisory Council.

Business Movement for Integrity and Transparency

Odebrecht S.A. and some of its subsidiaries (Atvos, Braskem, Ocyan, Odebrecht Engenharia & Construção and OR) signed the “Letter of Commitment to the Business Movement for Integrity and Transparency,” an initiative by the Ethos Institute in partnership with the UN Global Compact and Transparency International. The goal of the initiative, which includes another 35 companies operating in Brazil, is to engage business leaders in the agenda of integrity, with a special focus on improving public-private relations and strengthening measures to prevent and combat corruption in Brazil.

New Board of Directors

Odebrecht S.A. has announced that it will replace practically the entire Board of Directors and will include a majority of independent directors drawn from the market, bringing greater diversity to the Board. The format of the new Board confirms the governance model that Odebrecht has been implementing since 2016, with a clear segregation of the role of shareholders and the management structure of Odebrecht.

Commitments to the future

Operating with a strong focus on sustainability means serving society by fostering sustainable development and generating positive results for everyone, today and in the future. The new Sustainability Policy of Odebrecht S.A. establishes six commitments that guide our actions. Learn more.

Agreement with Guatemala

Odebrecht signs an agreement with the Guatemalan Justice and reinforce its commitment to collaborate fully with the investigations to clarify the company’s participation in acts practiced in the past.

New People Policy

Publication of the new People Policy of Odebrecht S.A., which highlights the importance of diversity, dialogue and self-development for the Group’s team members.

Emílio Odebrecht announces his departure

Emílio Odebrecht announces he is stepping down as Chairman of the Board of Odebrecht S.A., at the close of the Group’s Annual Meeting in April, when he will address the 200 leaders of the Businesses, Holding Company and Foundation, as well as the Directors and Shareholders’ Representatives.

Advances in and consolidation of the governance policy

The Chairman of the Board of Odebrecht S.A., Emílio Odebrecht, announces a series of decisions by the controlling shareholder to strengthen the Group’s new governance model. Among the new directives, the office of chief executive officer of Odebrecht S.A. no longer is held by a member of the Odebrecht family, may not be held by someone over age 65 and is chosen by the chairman of the board from among the officers of the holding company.

OR repositions and reformulates its brand

A leading Brazilian builder that has delivered more than 80 real estate projects over the past ten years, Odebrecht Real Estate Developments changes its name to OR, reformulating its identity and launching the new OR brand.

Global Advisory Seminar

Seminar in which 180 of the group’s business leaders and members of the Global Advisory Council discussed ethics and integrity the role of companies in challenging environments while upholding integrity, high ethical standards, and transparency.

New brand strategy

In order to better adapt to the reality of the different markets, Odebrecht S.A. provides more autonomy to its businness, which can now make decisions regarding brand positioning, entry of new partners and even opening of capital.

Sales of RIOGaleão

Odebrecht TransPort signed an agreement for the sales of its interest in the concessionaire RIOGaleão, which is responsible for Tom Jobim International Airport in Rio de Janeiro. The divestment is part of the company’s strategic restructuring plan that was approved by the Board of Directors.

Odebrecht Engineering & Construction appoints independent director

João Pinheiro Nogueira Batista assumes as the first independent board member of Odebrecht Engineering & Construction, reaffirming the company’s commitment to the renewal of business practices.

Odebrecht Oil & Gas restructures debt

OOG begins the process of restructuring its debt by filing a request for Extrajudicial Recovery to the Justice of Rio de Janeiro.

New Leadership at Odebrecht S.A.

Luciano Guidolin assumes the position of Chief Executive Officer of Odebrecht SA with the objective of continuing the business restructuring initiated in the previous management and taking the company back to a new growth cycle. 

Agreement with the Dominican Republic

Odebrecht signs Leniency Agreement with the Attorney General of the Dominican Republic, collaborating with the promotion of transparency in its actions.

Independent Board Member at Odebrecht Agroindustrial

Alexandre Figliolino assumes as independent Board Member at Odebrecht Agroindustrial. The measure is part of the goal adopted in 2016, which consists of having 20 percent (but not less than two) independent members of the Boards of Directors.

Our apologies

Odebrecht recognizes its mistakes, apologizes and assumes a new commitment to continue on the path of acting ethically with integrity and transparency.

Pact for Integrity

Odebrecht S.A. adheres to the Corporate Pact for Integrity and Against Corruption, an initiative of the Ethos Institute of Companies and Social Responsibility, committing itself to disseminate anti-corruption legislation to members and stakeholders, besides being monitored annually to ensure the application of the principles of the pact.

New Policy on Compliance

Odebrecht S.A.’s Board approves the new Policy on Compliance in Acting Ethically with Integrity and Transparency. The process established a Compliance Governance in all of the Group companies, with specific adjustments for each case.

Creation of the Global Council

Created to support the governance, strategic direction and development of the Group companies in areas such as purpose, corporate citizenship and sustainability, the Global Council is composed of recognized leaders from Brazil and countries with business experience, civil society organizations, academic research and multilateral and governmental institutions.

Governance Policy Evolution

Changes in the change in the Governance Policy determined:
– At least 20% of the members of the Boards of Directors (but not less than two) must be considered Independent;

-Creation of a Permanent Compliance Committee, at the Odebrecht S.A.’s Board of Directors, and at the Businesses;

-Direct linkage of Compliance Officers to Compliance Committees.