BrasilAgro CFO Steps Down

Carlos Aguiar plans to step down as CFO of BrasilAgro Friday, the agricultural property developer says. Aguiar, who has been with BrasilAgro 3 years, tells LatinFinance he is taking a new job, but declines to give any additional detail. Julio Toledo Piza, the company’s president, will fulfill the roles of CFO and investor relations director until a replacement is hired. The developer of agricultural properties for resale is co-owned by Cyrela Brazil Realty founder Elie Horn, as well as Tarpon Investimentos and Cresud. Some 54% is free-floated, following an April 2006 IPO that raised $276m.