Anhanguera Shuffles Ahead of Kroton Merger

Anhanguera Shuffles Ahead of Kroton Merger

Brazil People

Anhanguera Educacional Participacoes has named COO Roberto Valerio as CEO, it says. He replaces Ricardo Leonel Scavazza, who moves to a board position ahead of the recently announced share-swap merger with Kroton Educacional. Anhanguera and Kroton announced the BRL5.0bn ($2.49bn) deal last week, which will leave Kroton with 57.48% of the new company and Anhanguera 42.52%. The transaction is pending antitrust approvals. Scavazza, who has been with the company’s management since 2003, takes charge

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