Cristiano Teixeira, CEO of Klabin: “I am not one of those who believe in the end of the world”

Cristiano Teixeira is a talented supervisor. Few individuals learn about his private life, he does not attempt to remain in the limelight and away from the “rice rice”. His speak is calm, sluggish and easy habits, like watching NBA basketball video games on TV or discovering the quiet internal metropolis of São Paulo on the weekends. But make no mistake.

Teixeira has a masterful view of what’s occurring in the world, rather a lot of simplicity and rather a lot of leaders are excited with envy. From 2017, when he turned CEO of pulp and paper producer Klabin, till the third quarter of this yr, the firm’s return on invested capital ( ROIC) jumped from 8.9% to 19.3%.

He is the solely Latin American invited by the British authorities to be half of the “Business Leaders” group of the two UN local weather conferences, COP26, final yr, and COP27, which is presently being held in Sharm El-Sheikh, Egypt.

The paulista Cristiano Teixeira is the first visitor of the new program of the InfoMoney, the C-Level, the place the CEOs of Brazilian corporations are invited for a dialog that’s casual and clear (in a video, it should additionally seem on the podcast), however there’s a lot of info. Level-C is one other step additional InfoMoney in enterprise world editorials.

In this primary episode, Teixeira talked about what it is wish to be the CEO of a century-old, family-run, however publicly traded firm. In addition to buyers, Klabin has about 360,000 particular person buyers in its shareholder base – up from about 15,000 three years in the past. Most of these buyers are very in the firm’s dividend coverage, the place 20% of Ebitda (working earnings) is distributed to shareholders.

In the center of this yr, the board of the firm left as a result of the administrators representing the small buyers did not agree with the determination of the director to make a brand new funding of R $ 1.5 billion in the Project Figueira, a corrugated cardboard manufacturing facility in São Paulo. Investors favored the share buyback program, and the paper appreciated strongly.

“Choices are made in the distribution of capital. We have a behavior of paying costs. And the development of the firm refers to the improve slightly than the sale”, says the director. Let accepted, Figueira needs to be prepared in 2024, with a manufacturing capability of 240 thousand tons.

In the macroeconomic state of affairs, Teixeira says that the state of affairs in Brazil is “not good as a result of of the lack of financial management”, indicating a rise in inflation and low development in 2023 , however says he’s “scared” for 2024 if no motion is taken, fiscal coverage will tighten subsequent yr.

The world power disaster, particularly in Europe, supplied a short-term alternative for Klabin, as European paper and cardboard producers stopped shopping for Russian wooden and began shopping for fiber from Brazil. But we’ll see the value of pulp in China go down as a result of Russia began sending wooden there. “In the medium and long run, this reform is not good for anybody. But as a result of we’ve got monetary prices [medida de produtividade] competitors, we’ve got seized the alternative.

The complete challenge of electrical energy prices is rigorously checked by the Klabin administration. Teixeira believes that the power disaster hastened the begin of an epidemic of world industrial restructuring. Another impact of the drawback, in response to the Director, may be seen in the details about the local weather. “Geopolitical belief [do gás russo, por exemplo] People are very conscious of the want to cut back the use of fossil fuels.”

But once more, do not get me mistaken. Teixeira is much from a local weather change activist, as may be seen from the title of this text. He himself declares that he’s not “one of those who believe in the end of this world”. Do you wish to know why?

Watch the video on the channel InfoMoney and see why he stated that environmental danger administration modified for Klabin and the world after the collapse of Vale’s defenses (which occurred throughout the administration of Fábio Schwartzman, who was earlier than Teixeira i Klabin) and his views on the political place of the members of the administration firm. household, and different causes.

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