Cascades Inc. is pleased to announce that S&P Dow Jones Indices LLC has confirmed that Cascades will be added to the S&P/TSX Composite Index effective June 19, 2017 . Cascades will also be added to the SP/TSX Composite Dividend Index. Mario Plourde , President and CEO, commented: "Our addition to this leading Canadian equity benchmark index is positive recognition of the steps we have taken in recent years to strengthen our platform, to deliver long-term operational and financial improvements, and to provide our partners, investors, clients and employees with measurable and sustainable added value."
Amcor, the world’s largest supplier of flexible packaging, has named Aluisio Ragazzi Fonseca Vice President and General Manager of its South America Flexibles business unit, effective July 2.
“We’re pleased to welcome Aluisio to Amcor at an exciting time,” said Amcor Flexibles Americas President Tom Cochran. “He’s a highly successful business leader with extensive packaging industry knowledge from across the Americas.
“We expect Aluisio to help us accelerate business growth and enhance our ability to win for our customers and other stakeholders in this strategically important part of the world.”
Mr. Cochran added that Mr. Fonseca brings unique skills for collaborating with customers toward shared benefits, and delivering on strong commitments to safety and operational excellence.
Mr. Fonseca has held a broad range of responsibilities across his career, including during nearly two decades at Tetra Pak. His most recent role there was as senior vice president, Americas, responsible for profit-and-loss across the hemisphere’s more than $500 million business. Previously, he led the company’s successful integration of North, Central and South America into a single Americas business unit.
Earlier, as managing director of Tetra Pak’s packaging and processing operations in Colombia and Ecuador, Mr. Fonseca led an expansion that created the company’s Andean business unit – spanning Bolivia, Colombia, Ecuador, Peru and Venezuela – and a 500-percent increase in regional volumes over six years.
Mr. Fonseca served as vice president, Packaging and Processing, for Beverages and Food in Brazil. In that role, he was responsible for start-up of a polyethylene terephthalate plastic operation, and grew the overall business at an annual rate of 20 percent. He was a director on multiple Tetra Pak boards, including for Packaging and Processing, Global Processing and Cluster Central and South America.
Mr. Fonseca holds degrees in mechanical and industrial engineering from Universidade Paulista, and in sales and marketing administration from Fundação Getulio Vargas, both in Brazil. He has completed the IFL-International Management Program at the Stockholm School of Economics and Duke University.