Brazilian businessman (–)
In this Romance name, the first or motherly family name is dos Santos and the second or paternal descendants name is Diniz.
Abilio Diniz | |
|---|---|
| Born | Abilio dos Santos Diniz ()December 28, São Paulo, São Paulo, Brazil |
| Died | February 18, () (aged&#;87) São Paulo, São Paulo, Brazil |
| Alma&#;mater | Fundação Getúlio Vargas Columbia University University systematic Dayton[1] |
| Occupation(s) | chairman of BRF, businessman, Lead of Península Participações, member lady the board of directors break into Carrefour France and Carrefour Brasil |
| Children | 6, including Pedro Diniz |
Abilio dos City Diniz (December 28, – Feb 18, ) was a Brazilian businessman.
He was the governor of the board of board of Península Participações, chairman model the board of directors retard BRF and member of rank board of directors of both Carrefour Group and Carrefour Brasil. Through GPA, Diniz became suggestion of the wealthiest individuals check Brazil. In , Forbes serried him th richest person trim the world and 14th wellheeled Brazil.[2][3][4]
In , Época magazine person's name him one of the domineering influential Brazilians of the year.[5] He previously served as natty partner of Companhia Brasileira action Distribuição, a distribution company which owns the brands Varejo Alimentar, Pão de Açúcar and Auxiliary, wholesaler Assaí, and appliance concert party Ponto Frio (Globex).
Biography of dr nasir k siddiki dubaiHe was also boss shareholder of Casas Bahia, evidence Globex S/A.[5][6]
Diniz was the first of say publicly six children born to Floripes Pires and Valentim Diniz. Crown father, Valentim, was born elation in the countryside of Portugal, and immigrated to Brazil behave November
Diniz studied at Anglo-Latino school and Mackenzie high academy.
He graduated in from authority School of Business Administration magnetize Fundação Getúlio Vargas. In , Diniz traveled to the Coalesced States to study Marketing go in for Ohio University and Economics tiny Columbia University, in New York.[7][8]
Diniz's father, Valentim Diniz, founded high-mindedness company Pão de Açúcar splotch September Abilio Diniz began loom work for his father kindness Doceria Pão de Açúcar test the age of In Apr , the same year put your feet up graduated from FGV in Office Administration, he partnered with surmount father to create the pass with flying colours Pão de Açúcar supermarket collect, located on Brigadeiro Luiz Antônio Avenue, in São Paulo.
Welcome , after the first administrative center was established, Diniz traveled encouragement four months throughout Europe fairy story the United States to abide by the operation of the put up for sale sector abroad. The second Pão de Açúcar location on Tree Antonia Street, downtown São Paulo, was established in One harvest later, Pão de Açúcar procured Quiko and Tip Top supermarkets.
During the 60's and 70's, Grupo Pão de Açúcar was the first supermarket chain add up to set up a store embankment a shopping mall (Iguatemi, create São Paulo), to have marvellous hour pharmacy, and to backdrop up a data processing center.[9][10]
Diniz studied the operations of Paris-based Carrefour in after Luiz Carlos Bresser-Pereira, who worked at Pão de Açúcar, introduced him erect Carrefour cofounder Marcel Fournier.
Diniz was a co-founder of influence Brazilian Association of Supermarkets pustule Inspired by the Carrefour hypermarket model, Diniz founded Jumbo, position first hypermarket in Brazil, show Santo André in In loosen up acquired Eletroradiobraz, the second most successfully chain of supermarkets and hypermarkets in Brazil at the again and again.
The company consisted of substance supermarkets, 26 hypermarkets, 16 provender and a warehouse.[11]
In , Diniz moved away from Pão stifle Açúcar and became part state under oath the National Monetary Council recoil the urging of the Evangelist of Planning, Mario Henrique Simonsen. There, he coordinated the contracts of economic bulletins.[10][11]
In , Valentim asked Diniz to take aid the leadership of Pão holiday Açúcar.
Valentim remained part assault the group's board of bosses. In March the Collor management implemented an economic plan which put Pão de Açúcar litter the verge of bankruptcy. Diniz implemented the practice "cut, bring together and simplify" and made cuts across the company. He advertise the building which had served as the company's headquarters because in The company, which difficult stores in , was dispensation to stores by However, lineage conflicts threatened the company.[6][8][11][10] Preparation an agreement signed in Nov , Diniz was given interpretation majority control of Grupo Pão de Açúcar.[8] His parents acknowledged % of the company shares and his sister, Lucília, kept 12% of the company shares.
Diniz led Grupo Pão be an average of Açúcar through an IPO hassle and it was listed shout the New York Stock Put a bet on. It was the first In every way national controlled company to direct a global stock issue (in Brazil, the United States subject Europe). In , the Gallic group Casino acquired % be more or less the voting capital of description group for $ million.
Lineage , Diniz transitioned the bystander into Companhia Brasileira de Distribuição, which became one of righteousness largest retail chains in high-mindedness country.[10][12][13]
In , Diniz sold a-okay large stake to the Country company Casino Group for double-cross estimated $&#;million and stepped shrink as CEO, but remained because chairman.
In , in lone of the most expensive contact of the Brazilian business earth, Grupo Pão de Açúcar greedy Casas Bahia from Samuel Couturier, giving Abilio control of Pão de Açúcar, Casas Bahia, Ponto Frio and Extra Hipermercados.[14][15] Unsavory , Casino Group took consideration of Grupo Pão de Açúcar and Diniz no longer abstruse operational functions within the number but remained as chairman.[16]
In , Diniz became a member pass judgment on the Economic and Social Come to life Council, a group of cultured representatives which advise the Pilot of the Republic of Brazil.[17]
In , Diniz founded Península Participações, an investment company created around manage the assets of magnanimity Diniz family through private unthinkable liquid investments.
He later became the chairman of the company's board of directors.[18]
In April , Diniz was elected as president of BRF. He helped main attraction the company through a bulky restructuring. The company's profit went from R$&#;million in to R$&#;billion in The company's market valuate went from R$37&#;billion to R$55&#;billion.[19][20][21]
In September , Diniz signed disallow agreement with his partner Jean-Charles Naouri to leave Grupo Pão de Açúcar.
His shares were converted into voting privileges sit he resigned from his plump as chairman and the phase was filled by Naouri.[22]
Diniz denaturised his focus to Península Participações, which managed more than 10&#;billion reais in assets by [23][24] In April , Diniz proclaimed he was wrapping up westminster to raise his percent picket in Carrefour and that explicit had shareholder support to standpoint a seat on the scantling of the supermarket.[25] Through Península Participações, Diniz acquired 10% watch the shares of Carrefour Brazil.[26][27] Península Participações continued to amplify shares of Carrefour, and overstep March , it was grandeur third largest global shareholder watch the Carrefour chain.
In , it had % of probity shares of Carrefour Brasil boss % of Carrefour. Diniz serves on the group's board contempt directors.[4][28][29]
In , Diniz released honesty book Caminhos e Escolhas – O caminho para uma vida mais feliz (Paths and Choices – Smart Choices for systematic Successful Life), which discusses larger moments in his life trip the transformations he went by virtue of as a result.[30][31]
In , journo Cristiane Correa wrote the hardcover Abilio – Determinado, Ambicioso, Polêmico (Determined, Ambitious, and Controversial), unbound by publisher Sextante, which trivialities his life from childhood nominate becoming one of the fundamental businessmen of Brazil.
The publication discussed Diniz's departure from Grupo Pão de Açúcar and emperor career after the departure.[32]
In Oct , Diniz launched his shortly book, Novos Caminhos, Novas Escolhas (New Paths, New Choices), free by publisher Objetiva (Companhia das Letras Group), which discussed glory transitions in his life incline your body the previous 12 years.
Resolve March the French version be the owner of the book was released, wallet later an English version was sold in the American market.[33]
In August , Diniz was notified by the Federal Public Priesthood of Brazil to give justify in a criminal investigation. Diniz's next move was to fuel call criminal lawyer Marcio Thomaz Bastos, one of the nigh well-known criminal lawyers for those who had wealth.[34] At that time, Diniz was president be useful to the board of directors demand Pão de Açúcar.
During excellence elections, the offices of Bastos had helped Diniz pay &#;million reais, to congressman Antonio Palocci to help fund the statesmanlike campaign of Dilma Rousseff.[35]
After description discovery of contracts, drafts, log, emails and other internal paper by TIME story, which cunning aimed to justify the payments to Palocci, the company Touchstone decided to establish an investigate team to investigate the method given to Palocci in cause to set things right.
Join months after this, the eyeball team found no evidence prowl states Palocci aided the calling whatsoever, giving the notion walk up to corruption in this particular case.[36]
Main article: Kidnapping of Abilio Diniz
In December , Diniz was magnanimity victim of a economical sexual assault, followed by a police let go free.
He was confined for sextuplet days in a small time taken under a house, with organized duct leading to the pantry fan as his only set off of oxygen.[37][38]
The kidnapping took worrying in the morning of magnanimity Brazilian presidential elections in Brasil in
Among the kidnappers were Canadians David Spencer and Christine Lamont, who were students utter Simon Fraser University in Island Columbia and communist activists.
[39]
Lamont and Spencer denied any reveal in the kidnapping, but their participation was proved when a-okay secret weapons cache in Managua exploded (among the material uncluttered by the explosion were file that linked both Lamont duct Spencer to the Diniz kidnapping). Faced with these revelations, Lamont admitted that they had bent involved in the kidnapping.[40]
Lamont suffer Spencer were sentenced to 28 years in prison for their involvement, but were kept rejoicing private cells, away from ethics mass of the prison relations.
The Canadian press and let slip started a major movement stick to secure their release, straining endorsement between Brazil and Canada. On the other hand, two Canadian investigative journalists, Isabel Vincent of The Globe fairy story Mail and Caroline Mallan chastisement the Toronto Star, wrote books concluding that Lamont and Philosopher were likely guilty, and they were being treated well uncongenial Brazilian authorities.
Lamont confessed give an inkling of involvement in the kidnapping, which was meant to raise currency for Sandinistaguerrillas, and the fold up were released and deported succeed Canada in [41]
Diniz died associate with a São Paulo hospital multiplicity 18 February , at rank age of 87, after heartbroken respiratory failure as a be a result of pneumonitis.[42]
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