By Brazil Stock Guide –Corredor Logística e Infraestrutura S.A. (CLI) announced the resignation, effective at term, of Chief Executive Officer Helcio Tokeshi, who will remain in the role until February 27, 2026. Market participants see the move as closely tied to the ongoing control transfer at Braskem, where Tokeshi has emerged as the leading candidate to assume the chief executive position once the transaction is completed.
Petrobras renounced its pre-emptive and tag-along rights that would have allowed it to increase its stake in the petrochemical company as part of the control transfer process. The decision clears a procedural path for the transaction led by IG4 Capital — which represents Braskem’s creditor banks Itaú Unibanco, Bradesco, Santander Brasil, Banco do Brasil and BNDES — to move forward without Petrobras expanding its equity position.
Exclusive reporting published in December by Brazil Stock Guide indicated that IG4 has been outlining Braskem’s future governance and executive structure ahead of closing. The restructuring is set to reduce Novonor to a residual shareholder, effectively ending the former Odebrecht group’s long-standing control over Braskem.
Tokeshi’s career spans public administration, private equity and large-scale infrastructure. His profile is viewed as aligned with creditors’ mandate: stronger capital discipline, faster deleveraging and a strategic repositioning amid compressed global petrochemical margins and elevated funding costs.
At CLI, Tokeshi will be succeeded by Carlos Gabriel Pradela Exposito Motta, currently Chief Financial and Investor Relations Officer, who will assume the CEO role on February 27, 2026.
Following publication of the earlier report, IG4 Capital stated that negotiations with Novonor’s creditors, with Novonor itself and with Petrobras remain ongoing and that any statement regarding potential executive appointments would be premature, adding that it does not comment on market speculation.
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