CORPORATE
Brazil's CEOs are playing musical chairs
Major Brazilian companies are changing CEOs faster than ever. Photo: Andrii Yalanskyi/Shutterstock
About 15% of the companies that make up the Ibovespa, Brazil's benchmark stock index, have replaced their chief executive this year — already surpassing, by May, the number of such changes recorded in all of 2024.
A dozen of the 79 companies in the index, which tracks the most heavily traded stocks on the B3 exchange, have named a new CEO so far this year, compared with 14 in all of 2025 and 11 in 2024, according to the executive search firm Flow Executive Finders.
The first four months of the year typically see the most leadership changes due to…
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