Economist and entrepreneur, Rodrigo Xavier was elected the new independent director of the Group
Grupo Globo announced this Friday (8) the expansion of its Board of Directors, with the election of economist and businessman Rodrigo Xavier as an independent director.
With this new composition, Grupo Globo’s Board of Directors now comprises eight members, with João Roberto Marinho as president, Roberto Irineu Marinho and José Roberto Marinho as vice-presidents, and Paulo Marinho, Roberto Marinho Neto, Alberto Pecegueiro, Jorge Nóbrega and Rodrigo Xavier as advisors.
According to the group, there is still an intention to create a second independent position to be filled soon. There were no changes in the control of the companies, nor in the performance of the Board, which has, among its missions, to direct the business strategy, ensure the maintenance of the values and of Essência Globo and approve the business plans with a view to the future, ensuring better return on investment.
The consolidation process of Grupo Globo’s corporate governance structure also led to the creation of new advisory committees. João Roberto Marinho continues to head the Editorial Board, responsible for discussing and proposing guidance and alignment on editorial issues, and the Institutional Committee, which has the role of monitoring and proposing lines of action for the group’s institutional relations.
Jorge Nóbrega is responsible for the Compliance, Personal Data Protection, Audit and Risks Committee and, in addition to these, Grupo Globo’s Board of Directors now has the People, Culture & ESG Committee, in charge of Alberto Pecegueiro, and the Digital & Innovation Committee, led by Roberto Marinho Neto, being structured. To support all this evolution, the Board of Directors has a Governance department, led by Manuela Mattos.
“The initiative of now electing an independent director and of already preparing the arrival of another one, with complementary expertise, is part of this evolution, as well as the creation of new advisory committees”, said João Roberto Marinho, in a note sent by the Grupo Globe.
independent advisor
With a three-decade career in the financial market, Rodrigo Xavier is the first independent director to be part of Grupo Globo’s Board of Directors. Rodrigo was a senior partner at Banco Pactual, CEO at UBS Pactual bank, founding partner at Vinci Partners and CEO and Chairman of Bank of America Merrill Lynch for Brazil.
He is currently a partner in two Venture Capital funds focused on Brazil and Silicon Valley and is also co-Chairman of HPX Corp, the first SPAC focused on Brazil listed on the New York Stock Exchange. Xavier holds a degree in Economics from the University of Brasília (UnB), a postgraduate degree in International Economics in Japan (Tohoku and Fukushima Universities) and an MBA from Thunderbird (Arizona State University). From 2018 to 2019, Xavier was a Fellow of the Distinguished Career Institute (DCI) at Stanford University.
