Business · Companies · 9 hrs ago
CSN finance chief Marco Rabello resigns
Marco Rabello resigned as CSN's finance chief and investor relations director.
The Brazilian company named its CEO, Fabio Schvartsman, to fill the finance role temporarily, and Pedro Barros Mercadante Oliva will temporarily lead investor relations.
Rabello had held the finance post since 2024.
The changes follow CSN's agreement to sell CSN Cimentos to China's Huaxin.
The deal values the cement business, described as Brazil's second-largest producer, at 12.7 billion reais.
CSN said the leadership changes will not alter its strategy, operations or commitments, while Schvartsman and Oliva serve in their interim roles.
CSN finance chief Marco Rabello resigned from his roles as chief financial officer and investor relations director.
The company named chief executive Fabio Schvartsman interim finance chief.
CSN also appointed Pedro Barros Mercadante Oliva as interim investor relations director.
The changes followed CSN’s weekend agreement to sell cement producer CSN Cimentos to China’s Huaxin for R$12.7 billion.
CSN said the finance leadership change would not alter its strategy, operations or commitments.
- Who
- Marco Rabello resigned from his CSN roles. Fabio Schvartsman and Pedro Barros Mercadante Oliva were named to interim positions.
- What
- Rabello resigned as finance chief and investor relations director.
- When
- CSN announced the resignation on Monday, November 9, 2026.
- Where
- Not stated
- Why
- Not stated
This story does not have two clearly opposing sides.
CSN announced an agreement to sell CSN Cimentos to Huaxin for R$12.7 billion.
CSN announced Rabello’s resignation and named interim replacements.
- Resigning executive
- Marco Rabello
- Roles resigned
- Chief financial officer and investor relations director
- Interim finance chief
- Fabio Schvartsman, CSN’s chief executive
- Interim investor relations director
- Pedro Barros Mercadante Oliva
- Sale agreement
- CSN Cimentos to Huaxin for R$12.7 billion
What people are saying
the change in the finance leadership does not alter its strategy, operations or commitments