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.

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

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

End of bricklayers laying brick by brick: robot places more than 2,000 bricks per day, automatically applies cement, works with only one human operator next to the machine, and transforms traditional masonry into a high-speed semi-automated operation.

Philippines begin construction of the country’s largest desalination plant in a city without enough fresh water to grow, and the 66,500 m³ per day plant will transform the sea into drinking water for 50,000 homes in 24 months with reverse osmosis technology from SUEZ and JEMCO.

Scientists have discovered that the Earth recycles its own continents in the depths, dragging pieces of crust down during plate collisions and returning them later as magma, in a mechanism called relamination that has helped build the continents for billions of years.

Nissan sells “Kicks popular” cheaper than Kwid, Mobi, and C3 in Brazil; for about R$ 30,000 in conversion without taxes, Magnite looks like a compact SUV, with 16-inch wheels, 6 airbags starting from the Visia version, and represents an affordable Nissan that disappeared from Brazilian stores.

During the construction of a cargo terminal in the Northeast, workers stumbled upon the bones of a long-necked dinosaur about 20 meters long that lived 120 million years ago.

China has put millions of electric cars on the roads, but now faces the side effect: more than 1 million tons of batteries are expected to go out of use per year by 2030, while the government expands tracking and combats illegal dismantling with environmental risks.

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

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

End of bricklayers laying brick by brick: robot places more than 2,000 bricks per day, automatically applies cement, works with only one human operator next to the machine, and transforms traditional masonry into a high-speed semi-automated operation.

Philippines begin construction of the country’s largest desalination plant in a city without enough fresh water to grow, and the 66,500 m³ per day plant will transform the sea into drinking water for 50,000 homes in 24 months with reverse osmosis technology from SUEZ and JEMCO.

Scientists have discovered that the Earth recycles its own continents in the depths, dragging pieces of crust down during plate collisions and returning them later as magma, in a mechanism called relamination that has helped build the continents for billions of years.

Appliance giant closes factory, lays off 1,700 employees after drop in sales, global inflation, and the rise of Asian competitors.

Petrobras puts R$ 70 billion on the table to create 25,000 jobs, operate platforms capable of producing 240,000 barrels per day, build 32 subsea wells, and a 134 km pipeline off the coast of Sergipe.

A BYD Dolphin driver can travel 1,500 km per month with recharging compensated by just 4 solar panels of 550 W, according to a calculation made in Recife that estimates a consumption of 181.5 kWh and a cost of R$ 180 at the outlet.

One of the most arid countries in Africa, Namibia found itself facing the largest oil discovery ever made south of the Sahara and now attracts industry giants to drill its deep waters in search of the hidden oil in the Orange Basin.

With the thaw opening up the Arctic’s underground, Greenland is preparing for a drilling campaign in search of oil in the remote Jameson Land basin.

Nissan sells “Kicks popular” cheaper than Kwid, Mobi, and C3 in Brazil; for about R$ 30,000 in conversion without taxes, Magnite looks like a compact SUV, with 16-inch wheels, 6 airbags starting from the Visia version, and represents an affordable Nissan that disappeared from Brazilian stores.

During the construction of a cargo terminal in the Northeast, workers stumbled upon the bones of a long-necked dinosaur about 20 meters long that lived 120 million years ago.

China has put millions of electric cars on the roads, but now faces the side effect: more than 1 million tons of batteries are expected to go out of use per year by 2030, while the government expands tracking and combats illegal dismantling with environmental risks.