Marcelo Odebrecht
| Marcelo Odebrecht | |
|---|---|
 Odebrecht in 2009 | |
| Born |
Marcelo Bahia Odebrecht October 18, 1968 Salvador, Brazil |
| Nationality | Brazilian |
| Alma mater | Universidade Federal da Bahia |
| Occupation | Chairman and CEO, Odebrecht |
| Known for | 19 year prison sentence for corruption |
| Parent(s) | Emílio Odebrecht and Regina Odebrecht |
| Relatives | Norberto Odebrecht (grandfather) |
Marcelo Bahia Odebrecht (Brazilian Portuguese: [maʁˈsɛlw baˈjɐ odɛˈbɾɛ(t͡)ʃ]; born 18 October 1968) is a Brazilian businessman, the CEO of Odebrecht, a diversified Brazilian conglomerate, which is Latin America's largest construction company. In March 2016, he was sentenced to 19 years in prison for paying more than $30 million in bribes.
Early life
He was born in October 1968,[1] the son of Emílio Odebrecht and Regina Bahia,[2] and the grandson of Norberto Odebrecht, the company's founder.[3] They trace their descent from a family of German immigrants to Brazil in the 1850s.[3]
Odebrecht received a bachelor's degree in civil engineering from Universidade Federal da Bahia (UFBA).
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Career
He joined Odebrecht in 1992, and was appointed CEO in 2008.[4]
He is a vice president of the Brazilian Association of Infra-Structure and Primary Industry (ABDIB) since 2005. He is a vice president of COINFRA, FIESP since 2004. He is chairman of Odebrecht Óleo E Gás, Odebrecht Realizações Imobiliárias, Foz Do Brasil and Eth Bioenergia S.A. He is chairman of Braskem S.A. He serves is a director of the Exterior Commerce Chamber CONEX since 2005, a member of the strategic superior board of Federação das Indústrias do Estado de São Paulo (FIESP) since 2008 and a director of the Industry Development Study Institute, IEDI since 2003.
On 19 June 2015, he was arrested as part of a major investigation, Operação Lava Jato (English: Operation Car Wash), into corruption at the state-owned oil company Petrobras.[5] Otávio Azevedo, CEO of Andrade Gutierrez, Brazil's second largest construction firm, was also arrested, along with a total of ten others, including senior Odebrecht executives.[6] On 8 March 2016, he was sentenced to 19 years in prison, after being convicted of paying more than $30 million in bribes.[7][8]
Personal life
He and his wife, Isabela, have three daughters: Rafa, Gabi and Mari.[2]
References
- ↑ "Odebrecht Services Limited". Endole. Retrieved 20 June 2015.
- 1 2 "Tribute to Marcelo Odebrecht in Miami". Odebrechtonline. Retrieved 20 June 2015.
- 1 2 Lewis, Jeffery T (19 June 2015). "With Arrest of Marcelo Odebrecht, Brazil's Corruption Probe Moves to the Penthouse". The Wall Street Journal. Retrieved 20 June 2015. (subscription required)
- ↑ "Interview with Marcelo Odebrecht". PricewaterhouseCoopers (PWC). Retrieved 20 June 2015.
- ↑ "Petrobras scandal: Top construction bosses arrested in Brazil". BBC. 19 June 2015. Retrieved 19 June 2015.
- ↑ Kiernan, Paul (23 June 2015). "S&P Downgrades Debt of Odebrecht Construction Unit Following Arrests". The Wall Street Journal. Retrieved 24 June 2015. (subscription required)
- ↑ Fonseca, Pedro (8 March 2016). "Former Odebrecht CEO sentenced in Brazil kickback case". Reuters. Retrieved 8 March 2016.
- ↑ "Brazil Petrobras scandal: Tycoon Marcelo Odebrecht jailed". BBC. 8 March 2016. Retrieved 8 March 2016.