Novabase proposes Luís Salvado as Chairman and CEO in a new term

Luis Salvado, current chairman of Novabase, is proposed for a new term also for CEO. Currently João Nuno da Silva Bento is the CEO.

Novabase published on the CMVM website the shareholders' proposal for the 2021 Elective General Meeting.
Novabase - Sociedade Gestora de Participações Participações, “informs that it has been notified by its shareholders subscribing to the Parasocial agreement - and that together they hold a qualified 40,12% stake in Novabase - of the intention to propose in the Novabase Annual and Elective General Meeting to be carried out during the first half of 2021.

The proposal leads Luís Paulo Cardoso Salvado, current Chairman of the Board of Directors, to a new term from 2021 to 2023.

But the news is that the Chairman will accumulate the function of executive president (CEO), a place that today is occupied by João Nuno da Silva Bento.

According to the statement, “the election of Luís Paulo Cardoso Salvado to the functions of Chairman of the Board of Directors and Chairman of the Executive Committee of Novabase for the new term corresponding to the 2021-2023 term will be proposed.

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