This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Gafisa S.A. Appoints New Chairman Of The Board

Gafisa S.A. (Bovespa: GFSA3; NYSE: GFA), Brazil’s leading diversified national homebuilder, today announced the election and appointment by the Company’s Board of Directors of Odair Garcia Senra to succeed Caio Racy Mattar as chairman of the board, effective immediately. Mr. Senra is one of the most experienced executives in the Brazilian homebuilding industry, having had a successful career at Gafisa and its predecessor company spanning more than 40 years.

At today’s first board meeting of the Board of Directors elected at the Shareholders’ Annual General Meeting held on May 11, 2012, Mr. Senra was elected and welcomed as the Company’s new chairman. Due to his appointment as chairman, Mr. Senra will relinquish his management responsibilities effective immediately.

Mr. Senra, an engineer, began his professional career in 1970 as an intern at Gafisa’s predecessor firm, the former Gomes de Almeida Fernandes. His vast career at Gafisa brings a unique depth of knowledge of the homebuilding industry and Gafisa to his role as chairman. While at the Company he has held key roles across a number of areas including: structural engineering, general manager of works, director of construction, director of development and director of institutional relations.

“I would like to thank Caio Mattar for his service on the board and as chairman of the board of Gafisa. His stewardship during the development and execution of the new strategic plan for the Company was invaluable,” said Mr. Senra, chairman of Gafisa. “I am delighted to take on this new role as chairman and to support my fellow directors and our skilled management team as they execute Gafisa’s turnaround strategy. Gafisa is a world-class company with a strong heritage and I look forward to seeing the Company’s revised structure and strategy, strong brands and appropriate product mix generate long-term shareholder returns”, he continued.

Mr. Senra is also a director of Secovi (Union of Housing) beginning his current term at the organization in 2005, a vice president of SindusCon-SP (Construction Union) since 2006 and is the representative of the Technical Chamber of Urban Law (CTLU). He is a board member of the Maua Institute of Technology, where he received his engineering degree, and an advisory board member of FIABCI / Brazil.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs