This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

Cosan CFO Named Latin Trade CFO Of The Year

MIAMI, April 11, 2013 /PRNewswire/ -- Latin Trade was pleased to announce its selection of Marcelo Martins, Chief Financial Officer of Brazil's Cosan, as its recipient of the 2013 CFO of the Year – Brazil, in Sao Paulo.

Martins was instrumental in guiding the finances of Cosan - a public company involved in the production of bioethanol, sugar, and energy – which saw a substantial revenue increase in the past year.

In the final quarter of 2012, compared with the final one of 2011, Cosan saw a net operating revenue growth of 33.1 percent, resulting in $4.3billion of net revenues in that quarter, with the EBITDA more than doubling year over year to $515 million.

The year was a good one for Cosan and Martins. In May the company acquired a 60 percent stake in Brazil's Comgas, a Brazilian gas distribution company, for $1.8 billion. The acquisition was led by Martins, who sought to acquire the share in an effort to diversify the company's dependence on the volatile sugar and ethanol markets.

The efforts seem to be paying off. The company's market capitalization reached $9.2 billion, and its stock price showed a 19% increase YoY.

Martins, 45, has been a member of Cosan's board since March, 2009. Before joining Cosan, Martins worked as Chief Financial Officer for Votorantim Cimentos between 2003 and 2007, and before that worked as head of Latin American Fixed Income at Salomon Smith Barney in New York.

Marcelo Martins received the award in Sao Paulo. The award has been given to professionals such as the CFOs of Petrobras and Copersucar in Brazil and America Movil and Grupo Mexico in Mexico.

LT CFO Forum are private events that offer CFOs, finance directors, treasurers and controllers from various industries in Latin America the opportunity to participate in high-level peer group discussions and interact in a private setting. The events equip CFOs with expert insight that helps them prepare for challenges across domestic and international borders.

Since 2005 LT CFO Events foster a greater level of discussion and interaction between senior executives focusing on the trends, challenges and solutions through regional events in Miami and local chapters in key markets in Latin America.

About Latin Trade Group

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs