At Cosan, two veterans are leaving, marking a new phase
A Cosan acaba de anunciar que o CFO Rafael Bergman e a vice-presidente jurídica, Rita Drummond, estão deixando a companhia – um movimento que reflete o enxugamento da holding de Rubens Ometto. Bergman estava no cargo há apenas nove meses, mas era um veterano do grupo: já havia sido o CFO da Raízen, da Rumo […] The post Na Cosan, saem dois veteranos, marcando uma nova fase appeared first on Brazil…
Cosan has just announced that CFO Rafael Bergman and legal vice president Rita Drummond are leaving the company – a move that reflects the downsizing of Rubens Ometto's holding company. Bergman had been in the position for only nine months, but was a veteran of the group: he had previously been CFO of Raízen, Rumo, and Compass, all controlled by Cosan.
He will be replaced by José Cesário Menezes de Barros Sobrinho, who is leaving Vamos, where he was CFO since 2024. The executive had previously worked for the group, where he was also CFO of Rumo and financial director of the holding company.
The legal VP position will cease to exist, with the area reporting directly to the CFO. Rita – a former BMA lawyer who participated in all relevant M&As, capital market operations, and successive corporate restructurings of the group – had been at Cosan for 18 years.
The two departures reflect the new moment of Cosan, which started a deleveraging process since BTG and Perfin became partners in September 2025. The holding company is becoming simpler and should no longer be a vehicle for expansion – reducing the scope of executives. In the last year, Cosan reduced its headcount from 100 to 40 employees.
Along with the announcement of the executives' departure, Cosan made three other announcements. The company called an extraordinary general meeting to deliberate on adjustments to its social statute, reflecting its new organizational reality, and on a corporate restructuring at Radar, reducing a corporate layer in the agricultural properties company.
The company also announced that it will delist its ADRs, and that it will start publishing guidance on debt coverage – apparently, a way to better explain the financial flow that will allow it to serve the debt.
Cosan announced yesterday that it received a proposal of R$ 300 million for the terminal it holds at the Port of São Luís. The company had bought the terminal in 2022 for R$ 720 million. Cosan is also looking for a buyer for its stake in Rumo and has already said it will not invest in the capital increase of Raízen, which should dilute its stake in the company to around 4%.
Cosan's net debt, which reached R$ 30 billion before the sale of its stake in Vale, is now below R$ 10 billion – a still high level given the Selic rate of 14%. Cosan's stock has fallen 43% in the last twelve months. The company is worth R$ 13 billion on the stock exchange.
Translated by urgent.news from Brazil Journal's report; automated translation may contain errors. Machine-written — it may contain errors, so check the original before relying on it.
