Natura &Co Holding S.A. (B3: NTCO3, NYSE: NTCO), a global cosmetics company, announced a change in its Audit, Risk Management, and Finance Committee's composition. The company informed that as of Monday, Carla Schmitzberger has been appointed as a new member of the committee, succeeding Andrew George McMaster Jr.
The decision was made during a Board of Directors meeting held on July 12, 2024. With this update, the committee continues to consist of three independent members. Gilberto Mifano will maintain his role as the chair of the committee, with Eduardo Rogatto Luque and the newly appointed Carla Schmitzberger serving as members.
The professional backgrounds of the committee members are available in the company's reference form, on Natura &Co's investor relations website, and filed with the Brazilian Securities Commission (CVM).
Natura &Co, headquartered in São Paulo, Brazil, is known for a portfolio that includes several well-known brands in the beauty and personal care industry.
This corporate governance update is by the company's continuous disclosure obligations and is based on a press release statement filed with the Securities and Exchange Commission.
InvestingPro Insights
As Natura & Co (NTCO3) restructures its Audit, Risk Management, and Finance Committee, investors may find the following insights from InvestingPro helpful in assessing the company's financial health and market position.
The company has a market capitalization of $3.99 billion USD, reflecting its significant presence in the global cosmetics industry. Despite recent challenges, Natura & Co's impressive gross profit margin of 64.02% in the last twelve months as of Q1 2024 underscores its ability to maintain profitability in its operations. Additionally, the company's revenue, although experiencing a slight decline of 6.1% over the same period, still stands at a robust $5.26 billion USD.
InvestingPro Tips suggest that Natura & Co is expected to see net income growth this year, which could signal a turnaround from its current negative P/E ratio of -8.39. Moreover, the company is recognized as a prominent player in the Personal Care Products industry, which could bode well for its future performance. However, it's important to note that the company has been quickly burning through cash, a factor that investors should monitor closely.
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