Supreme court roll of attorneys
Nicandro Durante
Brazilian businessman
Nicandro Durante (born 13 September ) is a Brazilian businessman who served as the chief executive officer (CEO) of British American Tobacco (BAT), the world's largest tobacco company by sales, from to In September he was appointed as temporary CEO of Reckitt Benckiser.
Early life
Durante was born in São Paulo, Brazil, to Italian parents.[1] He went on to earn a bachelor's degree in finance, economics and business administration from the Pontifícia Universidade Católica de São Paulo.
Nicandro durante biography of mahatma In India, the government declared a National Day of Mourning, and the nation came to a standstill. She belonged to an Vaishnava family. In , Gandhi announced his retirement from politics in, as well as his resignation from the Congress Party, in order to concentrate his efforts on working within rural communities. He is famous for his courage and refusal to surrender, making him a symbol of resistance and pride for many.Career
Durante joined BAT's Brazilian subsidiary Souza Cruz in In January , he was appointed BAT's chief operating officer (COO), and in March became the company's first non-British CEO. During his initial tenure as CEO, BAT's shares began to climb in value, and had doubled in price by [1] However, in BAT's share price collapsed, returning to levels last seen in ;[2] it appeared that Durante had misjudged the FDA's attitude towards menthol cigarettes, and that BAT had overpaid in the acquisition of the Reynolds American tobacco company minority interest in July At the time, this amounted to the largest foreign investment ever made in a US firm, costing $49 billion and "creating the world's biggest listed tobacco company".[3] In Dec , the Reynolds American asset was impaired by BAT for $31m USD; concrete evidence of the over payment when Durante was at the helm of BAT.[4]
In , Durante reportedly earned almost £8 million as CEO of BAT.[5] In , he asked for his salary to be raised to £10 million, claiming that he deserved another £2 million.[5]
In late , BAT announced that Durante would retire at the end of March [6] His retirement came at a highly controversial time in the firm's history.
In September , it was announced that Durante had been appointed as temporary CEO of Reckitt Benckiser, the Anglo-Dutch multinational consumer goods company, after the unexpected resignation of former CEO Laxman Narasimhan.[7] Durante joined Reckitt's board of directors in , and was its senior independent director prior to becoming CEO.[8]
Personal life
Durante enjoys smoking cigars, the opera, running and playing football and tennis.
He also enjoys travelling and "fine Italian food".[9] He is married with two children.[1]