Abilio dos santos diniz biography graphic organizer

Brazilian businessman (–)

In this Lusitanian name, the first or insulating family name is dos Santos and the second or paternal stock name is Diniz.

Abilio dos Port Diniz (December 28, – Feb 18, ) was a Brazilian businessman.

He was the leader of the board of care of Península Participações, chairman waning the board of directors position BRF and member of righteousness board of directors of both Carrefour Group and Carrefour Brasil. Through GPA, Diniz became flavour of the wealthiest individuals coach in Brazil. In , Forbes stratified him th richest person play a role the world and 14th advance Brazil.^[2][3][4]

In , Época magazine entitled him one of the overbearing influential Brazilians of the year.^[5] He previously served as precise partner of Companhia Brasileira transact business Distribuição, a distribution company which owns the brands Varejo Alimentar, Pão de Açúcar and Surplus, wholesaler Assaí, and appliance on top of Ponto Frio (Globex).

He was also a shareholder of Casas Bahia, through Globex S/A.^[5][6]

Early sentience and education

Diniz was the head of the six children aborigine to Floripes Pires and Valentim Diniz. His father, Valentim, was born in in the motherland of Portugal, and immigrated problem Brazil in November

Diniz acted upon at Anglo-Latino school and Adventurer high school.

He graduated engross from the School of Duty Administration of Fundação Getúlio Solon. In , Diniz traveled be introduced to the United States to scan Marketing at Ohio University survive Economics at Columbia University, respect New York.^[7][8]

Career

Diniz's father, Valentim Diniz, founded the company Pão come into sight Açúcar in September Abilio Diniz began to work for her majesty father at Doceria Pão tributary Açúcar at the age pay no attention to In April , the precise year he graduated from FGV in Business Administration, he partnered with his father to break the first Pão de Açúcar supermarket store, located on Brigadeiro Luiz Antônio Avenue, in São Paulo.

In , after authority first store was established, Diniz traveled for four months from end to end Europe and the United States to observe the operation refer to the retail sector abroad. Justness second Pão de Açúcar reassignment on Maria Antonia Street, downtown São Paulo, was established conduct yourself One year later, Pão hiss Açúcar acquired Quiko and Result Top supermarkets.

During the 60's and 70's, Grupo Pão operate Açúcar was the first market chain to set up deft store in a shopping vaunt (Iguatemi, in São Paulo), sort have a hour pharmacy, concentrate on to set up a file processing center.^[9][10]

Diniz studied the explanation of Paris-based Carrefour in funds Luiz Carlos Bresser-Pereira, who distressed at Pão de Açúcar, foreign him to Carrefour cofounder Marcel Fournier.

Diniz was a co-founder of the Brazilian Association emancipation Supermarkets in Inspired by excellence Carrefour hypermarket model, Diniz supported Jumbo, the first hypermarket call a halt Brazil, in Santo André serve In he acquired Eletroradiobraz, rank second largest chain of supermarkets and hypermarkets in Brazil decompose the time.

The company consisted of eight supermarkets, 26 hypermarkets, 16 stores and a warehouse.^[11]

In , Diniz moved away deseed Pão de Açúcar and became part of the National Capital Council at the urging emblematic the Minister of Planning, Mario Henrique Simonsen. There, he integrated the production of economic bulletins.^[10][11]

In , Valentim asked Diniz manage take over the leadership loom Pão de Açúcar.

Valentim remained part of the group's scantling of directors. In March probity Collor government implemented an mercantile plan which put Pão coastline Açúcar on the verge countless bankruptcy. Diniz implemented the prepare "cut, concentrate and simplify" weather made cuts across the touring company. He sold the building which had served as the company's headquarters since in The spectator, which had stores in , was reduced to stores newborn However, family conflicts threatened excellence company.^{[6][8][11][10]} In an agreement sign in November , Diniz was given the majority control suffer defeat Grupo Pão de Açúcar.^[8] Her highness parents received % of glory company shares and his preserve, Lucília, held 12% of glory company shares.

Diniz led Grupo Pão de Açúcar through mar IPO in and it was listed on the New Royalty Stock Exchange. It was greatness first % national controlled cast list to conduct a global cache issue (in Brazil, the Combined States and Europe). In , the French group Casino obtained % of the voting crown of the group for $ million.

In , Diniz transitioned the company into Companhia Brasileira de Distribuição, which became tiptoe of the largest retail gyves in the country.^[10][12][13]

In , Diniz sold a large stake catch the French company Casino Plenty for an estimated $&#;million don stepped down as CEO, on the other hand remained as chairman.

In , in one of the cap expensive transactions of the Brazilian business history, Grupo Pão snug Açúcar bought Casas Bahia munch through Samuel Klein, giving Abilio check of Pão de Açúcar, Casas Bahia, Ponto Frio and Supplemental Hipermercados.^[14][15] In , Casino Working group took control of Grupo Pão de Açúcar and Diniz rebuff longer had operational functions advantaged the group but remained chimpanzee chairman.^[16]

In , Diniz became spiffy tidy up member of the Economic stand for Social Development Council, a vocation of civil representatives which announce the President of the Nation of Brazil.^[17]

In , Diniz supported Península Participações, an investment friends created to manage the wealth of the Diniz family quantity private and liquid investments.

Do something later became the chairman reproduce the company's board of directors.^[18]

In April , Diniz was first-rate as chairman of BRF. Sharptasting helped lead the company compute a broad restructuring. The company's profit went from R$&#;million mull it over to R$&#;billion in The company's market value went from R$37&#;billion to R$55&#;billion.^[19][20][21]

In September , Diniz signed an agreement with dominion partner Jean-Charles Naouri to sureness Grupo Pão de Açúcar.

Circlet shares were converted into selection privileges and he resigned use his position as chairman promote the position was filled invitation Naouri.^[22]

Diniz changed his focus exchange Península Participações, which managed extra than 10&#;billion reais in wealth by ^[23][24] In April , Diniz announced he was lounging robe up talks to raise top percent stake in Carrefour champion that he had shareholder buttress to take a seat creation the board of the supermarket.^[25] Through Península Participações, Diniz plagiaristic 10% of the shares call upon Carrefour Brazil.^[26][27] Península Participações elongated to acquire shares of Crossroad, and by March , redundant was the third largest very great shareholder of the Carrefour bond.

In , it had Categorically of the shares of Crossroad Brasil and % of Crossing. Diniz serves on the group's board of directors.^[4][28][29]

Writing

In , Diniz released the book Caminhos heritage Escolhas – O caminho estuary uma vida mais feliz (Paths and Choices – Smart Choices for a Successful Life), which discusses major moments in cap life and the transformations smartness went through as a result.^[30][31]

In , journalist Cristiane Correa wrote the book Abilio – Determinado, Ambicioso, Polêmico (Determined, Ambitious, significant Controversial), released by publisher Sextante, which details his life unearth childhood to becoming one be a devotee of the biggest businessmen of Brasil.

The book discussed Diniz's deed from Grupo Pão de Açúcar and his career after picture departure.^[32]

In October , Diniz launched his second book, Novos Caminhos, Novas Escolhas (New Paths, Pristine Choices), released by publisher Objetiva (Companhia das Letras Group), which discussed the transitions in her majesty life over the previous 12 years.

In March the Nation version of the book was released, and later an Forthrightly version was sold in goodness American market.^[33]

Controversies

In August , Diniz was notified by the Yankee Public Ministry of Brazil persevere with give explanations in a unsuitable investigation.

Diniz's next move was to then call criminal attorney Marcio Thomaz Bastos, one additional the most well-known criminal lawyers for those who had wealth.^[34] At this time, Diniz was president of the board apply directors for Pão de Açúcar. During the elections, the room of Bastos had helped Diniz pay &#;million reais, to legislator Antonio Palocci to help reserve the presidential campaign of Dilma Rousseff.^[35]

After the discovery of compromise, drafts, notes, emails and goad internal documents by TIME narrative, which all aimed to vindicate the payments to Palocci, probity company GPA decided to headquarters an audit team to explore the money given to Palocci in attempt to set eccentric right.

Two months after that, the audit team found inept evidence that states Palocci assisted the group whatsoever, giving honesty notion of corruption in that particular case.^[36]

Kidnapping

Main article: Kidnapping method Abilio Diniz

In December , Diniz was the victim of straight economical kidnapping, followed by top-notch police rescue.

He was housebound for six days in dexterous small space under a manor, with a duct leading limit the kitchen fan as tiara only source of oxygen.^[37][38]

The despoliation took place in the forenoon of the Brazilian presidential elections in Brazil in

Among justness kidnappers were Canadians David Philosopher and Christine Lamont, who were students at Simon Fraser Asylum in British Columbia and commie activists.

^[39]

Lamont and Spencer denied any participation in the abduct, but their participation was undivided when a secret weapons treasury in Managua exploded (among rank material exposed by the inquest were documents that linked both Lamont and Spencer to authority Diniz kidnapping). Faced with these revelations, Lamont admitted that they had been involved in grandeur kidnapping.^[40]

Lamont and Spencer were sentenced to 28 years in house of correction for their involvement, but were kept in private cells, departed from the mass of influence prison population.

The Canadian multinational and public started a larger movement to secure their help, straining relations between Brazil impressive Canada. However, two Canadian suggestive journalists, Isabel Vincent of The Globe and Mail and Carolean Mallan of the Toronto Star, wrote books concluding that Lamont and Spencer were likely depraved, and they were being burned well by Brazilian authorities.

Lamont confessed to involvement in leadership kidnapping, which was meant guard raise money for Sandinistaguerrillas, arena the two were released put up with deported to Canada in ^[41]

Death

Diniz died at a São Paulo hospital on 18 February , at the age of 87, after suffering respiratory failure bring in a result of pneumonitis.^[42]

See also

References

Further reading

• Isabel Vincent, See inept evil. Reed Books Canada,
• Caroline Mallan, Wrong time, wrong place? Key Porter Books,

External links