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

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

Peru built a tunnel at an altitude of 4,738 meters cutting through the Andes Mountains, and the road leading to it reaches 4,818 meters, making it the highest paved road in the entire world.

Seen from space, an image taken by an astronaut shows in Argentine Patagonia the exact point where a colossal glacier, a turquoise-blue lake, and a greenish arm of water meet, creating one of the rarest and most impressive landscapes in the region.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

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