WEG: 'Billionaire Factory'! Find Out Who Is the New 'Owner' of the Brazilian Multinational and Everything About Salaries and Wealth

WEG: ‘Billionaire Factory’! Find Out Who Is the New ‘Owner’ of the Brazilian Multinational and Everything About Salaries and Wealth

Written by Roberta Souza

Published on 22/05/2024 at 17:46

Foto: reprodução

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Longtime Executive Takes Command of WEG Factory, the Successful Brazilian Multinational

Alberto Yoshikazu Kuba, who started as an intern at WEG, was appointed CEO of the company last month, succeeding Harry Schmelzer Júnior after 22 years of dedication. WEG, recognized as a “billionaire factory,” is valued at around R$ 166 billion, and Kuba takes on the mission to continue expanding the company’s presence in new markets and maintain sustained growth.

Alberto Kuba began his journey at the Brazilian multinational WEG in 2002 as an intern. He graduated in electrical engineering from Unesp, with an MBA in business management from FGV and a specialization in corporate finance from Fundação Dom Cabral, Kuba quickly rose through the ranks. In 2010, he was sent to China to manage WEG’s factory operations in the country, where he remained for a decade, consolidating the company’s presence in the Asian market.

Compensation, Governance, and Billionaire Heirs of WEG

On April 23, the general assembly of shareholders of the Brazilian multinational WEG approved the compensation of the executive board, allocating up to R$ 166.43 million for this purpose. Of this total, R$ 22.11 million is allocated to the board of directors and R$ 144.32 million to the statutory management. The company’s compensation is composed of a fixed part and a variable part, adjusted according to the responsibilities and performance of each executive.

ARTICLE CONTINUES BELOW

Growth Mission of the Brazilian Multinational

In his first official statement as CEO of the Brazilian multinational WEG, Kuba emphasized the continuation of the focus on growth and innovation. “We will remain focused on growth and attentive to the market movements, valuing the reinvestment of profits, the continued expansion of markets, investment in technology, participatory management, as well as the appreciation and development of people,” Kuba stated. He also highlighted the importance of keeping the company agile and innovative while preserving its culture and values.

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WEG: ‘Billionaire Factory’! Find Out Who Is the New ‘Owner’ of the Brazilian Multinational and Everything About Salaries and Wealth

Longtime Executive Takes Command of WEG Factory, the Successful Brazilian Multinational

Compensation, Governance, and Billionaire Heirs of WEG

Growth Mission of the Brazilian Multinational

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WEG: ‘Billionaire Factory’! Find Out Who Is the New ‘Owner’ of the Brazilian Multinational and Everything About Salaries and Wealth

Longtime Executive Takes Command of WEG Factory, the Successful Brazilian Multinational

Compensation, Governance, and Billionaire Heirs of WEG

Growth Mission of the Brazilian Multinational

In the cold desert of Ladakh, where it hardly rains, engineer Sonam Wangchuk created the ice stupa, a tower that freezes winter water and stores it for irrigating crops in the spring, a simple engineering feat that mimics nature.

Almost 6,000 residents live concentrated along a single street nearly 9 km long in the interior of Poland. Houses form a continuous row, and behind them, narrow agricultural strips emerge, creating one of the most unusual rural patterns in Europe.

Libya built over 4,000 kilometers of underground pipelines to bring water from the Sahara to coastal cities in a project that the government itself called the Eighth Wonder of the World.

Chinese woman planted trees for decades while sand buried part of her house, received $5,000 from an American in 1999, and helped transform the desert into a forest of 8 million trees in China.

Desert sand, previously discarded for being too smooth for concrete, becomes an ecological brick in the United Arab Emirates, dispensing with Portland cement, curing at room temperature, and attempting to transform dunes useless for construction into raw material for a new arid engineering.

Described by astronauts as one of the most unlikely natural phenomena on Earth, the Okavango Delta spreads over up to 15,000 square kilometers in the middle of the desert and transforms Botswana into a living labyrinth of channels, islands, and flooded areas.

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