By Brazil Stock Guide – Vibra Energia (B3: VBBR3), Brazil’s largest fuel distributor, announced a reshuffle of its executive board on October 3, creating a new division to accelerate growth in lubricants and naming Marcelo Fernandes Bragança as its first CEO.
Bragança, who currently heads operations, will assume the new role on November 1 with a two-year mandate. To replace him as Executive Vice President of Operations, Vibra appointed Daniel Drumond Campos e Silva, a 16-year company veteran with extensive experience in logistics, supply chain management and network optimization projects.
The changes also affect Clarissa Della Nina Sadock Accorsi, who steps down as statutory vice president of Vibra while continuing as CEO of Comerc Energia. She will now serve as a non-statutory vice president at Vibra, maintaining ties between the two businesses.
Lubricants Strategy
The move reflects the importance of lubricants as one of Vibra’s five growth avenues, with a focus on expanding its share in the domestic market — which posted a 6% increase in sales in the second quarter of 2025 compared with the year-earlier period — while also consolidating its presence across Latin America.
“With the new lubricants unit, we are taking an important step to accelerate growth and expand sustainable value creation for customers, partners and shareholders,” said Ernesto Pousada, Vibra’s CEO.
Energy Transition Link
The reshuffle comes just a week after Vibra reinforced its role in Brazil’s decarbonization efforts. On September 25, Embraer S.A. (NYSE: ERJ, B3: EMBR3) said it would ramp up tests to certify its aircraft for flights powered entirely by sustainable aviation fuel (SAF), following its first purchase of a 100% SAF batch in Brazil supplied by Vibra.
The milestone allows Embraer to run in-house trials in São José dos Campos, marking a strategic step toward global approval for 100% SAF operations by 2030. “Partnerships like the one with Embraer are vital to accelerating aviation’s energy transition. By enabling SAF access in Brazil, we are helping shape a strategic market for decarbonization,” Bragança said at the time.