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The Brazilian Construction Group Odebrecht Is Doubling Down to Distance Itself from a Series of Corruption Scandals in Brazil and Abroad.
Odebrecht Engineering & Construction will change its name to OEC and will replace its red logo with green, blue, and gray, the website reported. The company says it is embarking on a “journey of transformation”, replacing its board of directors and adopting a new code of conduct to rid itself of the ghost of Operation Lava Jato.
Last week, the ban on bidding for public contracts in Mexico was extended, and on April 15, former Peruvian President Alan Garcia committed suicide as he was being arrested on allegations of accepting bribes from Odebrecht.
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Prosecutors in Peru said last week that Odebrecht made multimillion-dollar payments to Peruvian politicians, including a key advisor to former President Garcia, who received over US $ 4 million between 2006 and 2011.
Rodrigo Vilar, responsible for marketing at OEC, told Bloomberg News: “We expect that the new logo and its campaign will serve as strong symbolic evidence that enhances the perception of the transformation process we are undergoing.”
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