Cosan CEO Moves to Board

Cosan’s CEO and leading shareholder Rubens Silveira Mello is resigning as CEO and becoming the chairman of the board, according to the company. The move is driven by his desire to focus on the managing the company’s strategic trajectory, and less on the day to day running of the sugar and ethanol giant, says Cosan. Marcos Marinho Lutz, Cosan’s commercial and logistics VP, will become the new CEO, effective November 1.