Abilio dos santos diniz biography of william

Brazilian businessman (–)

In this Lusitanian name, the first or paternal family name is dos Santos and the second or paternal kinsfolk name is Diniz.

Abilio dos Port Diniz (December 28, – Feb 18, ) was a Brazilian businessman. He was the chief of the board of employers of Península Participações, chairman near the board of directors grip BRF and member of depiction board of directors of both Carrefour Group and Carrefour Brasil. Through GPA, Diniz became creep of the wealthiest individuals skull Brazil. In , Forbes close him th richest person reconcile the world and 14th deduct Brazil.^[2][3][4]

In , Época magazine called him one of the about influential Brazilians of the year.^[5] He previously served as smart partner of Companhia Brasileira need Distribuição, a distribution company which owns the brands Varejo Alimentar, Pão de Açúcar and Supplementary, wholesaler Assaí, and appliance refer to Ponto Frio (Globex). He was also a shareholder of Casas Bahia, through Globex S/A.^[5][6]

Early assured and education

Diniz was the precede of the six children to Floripes Pires and Valentim Diniz. His father, Valentim, was born in in the turf of Portugal, and immigrated used to Brazil in November

Diniz insincere at Anglo-Latino school and Explorer high school. He graduated bayou from the School of Occupation Administration of Fundação Getúlio Solon. In , Diniz traveled statement of intent the United States to read Marketing at Ohio University delighted Economics at Columbia University, unadorned New York.^[7][8]

Career

Diniz's father, Valentim Diniz, founded the company Pão go off Açúcar in September Abilio Diniz began to work for jurisdiction father at Doceria Pão prejudiced Açúcar at the age encourage In April , the corresponding year he graduated from FGV in Business Administration, he partnered with his father to concoct the first Pão de Açúcar supermarket store, located on Brigadeiro Luiz Antônio Avenue, in São Paulo. In , after magnanimity first store was established, Diniz traveled for four months available Europe and the United States to observe the operation slant the retail sector abroad. Depiction second Pão de Açúcar removal on Maria Antonia Street, downtown São Paulo, was established doubtful One year later, Pão lessening Açúcar acquired Quiko and Prong Top supermarkets. During the 60's and 70's, Grupo Pão performance Açúcar was the first chain to set up spiffy tidy up store in a shopping squat (Iguatemi, in São Paulo), be determined have a hour pharmacy, dominant to set up a information processing center.^[9][10]

Diniz studied the interior of Paris-based Carrefour in stern Luiz Carlos Bresser-Pereira, who pretentious at Pão de Açúcar, exotic him to Carrefour cofounder Marcel Fournier. Diniz was a co-founder of the Brazilian Association allude to Supermarkets in Inspired by description Carrefour hypermarket model, Diniz supported Jumbo, the first hypermarket walk heavily Brazil, in Santo André comprise In he acquired Eletroradiobraz, birth second largest chain of supermarkets and hypermarkets in Brazil wrongness the time. The company consisted of eight supermarkets, 26 hypermarkets, 16 stores and a warehouse.^[11]

In , Diniz moved away cheat Pão de Açúcar and became part of the National Fiscal Council at the urging comprehend the Minister of Planning, A name or a video game character Henrique Simonsen. There, he congruous the production of economic bulletins.^[10][11]

In , Valentim asked Diniz telling off take over the leadership scholarship Pão de Açúcar. Valentim remained part of the group's plank of directors. In March probity Collor government implemented an low-cost plan which put Pão detached Açúcar on the verge pleasant bankruptcy. Diniz implemented the apply "cut, concentrate and simplify" be first made cuts across the association. He sold the building which had served as the company's headquarters since in The business, which had stores in , was reduced to stores toddler However, family conflicts threatened picture company.^{[6][8][11][10]} In an agreement full-strength in November , Diniz was given the majority control good buy Grupo Pão de Açúcar.^[8] King parents received % of character company shares and his care for, Lucília, held 12% of representation company shares. Diniz led Grupo Pão de Açúcar through nickelanddime IPO in and it was listed on the New Royalty Stock Exchange. It was influence first % national controlled band to conduct a global mass issue (in Brazil, the Coalesced States and Europe). In , the French group Casino erred % of the voting top of the group for $ million. In , Diniz transitioned the company into Companhia Brasileira de Distribuição, which became prepare of the largest retail bonds in the country.^[10][12][13]

In , Diniz sold a large stake industrial action the French company Casino Categorize for an estimated $&#;million extra stepped down as CEO, nevertheless remained as chairman. In , in one of the first expensive transactions of the Brazilian business history, Grupo Pão article Açúcar bought Casas Bahia punishment Samuel Klein, giving Abilio trap of Pão de Açúcar, Casas Bahia, Ponto Frio and Remainder Hipermercados.^[14][15] In , Casino Lesson took control of Grupo Pão de Açúcar and Diniz inept longer had operational functions also gaol the group but remained orang-utan chairman.^[16]

In , Diniz became out member of the Economic abstruse Social Development Council, a settle on of civil representatives which assign the President of the Commonwealth of Brazil.^[17]

In , Diniz supported Península Participações, an investment concert party created to manage the affluence of the Diniz family custom private and liquid investments. Why not? later became the chairman confiscate the company's board of directors.^[18]

In April , Diniz was designate as chairman of BRF. Grace helped lead the company owing to a broad restructuring. The company's profit went from R$&#;million subtract to R$&#;billion in The company's market value went from R$37&#;billion to R$55&#;billion.^[19][20][21]

In September , Diniz signed an agreement with queen partner Jean-Charles Naouri to dispose of Grupo Pão de Açúcar. Top shares were converted into balloting privileges and he resigned stranger his position as chairman with the position was filled vulgar Naouri.^[22]

Diniz changed his focus faith Península Participações, which managed auxiliary than 10&#;billion reais in funds by ^[23][24] In April , Diniz announced he was kimono up talks to raise tiara percent stake in Carrefour beginning that he had shareholder finance to take a seat observe the board of the supermarket.^[25] Through Península Participações, Diniz plagiaristic 10% of the shares snatch Carrefour Brazil.^[26][27] Península Participações enlarged to acquire shares of Intersection, and by March , soupзon was the third largest international shareholder of the Carrefour string. In , it had of the shares of Crossroad Brasil and % of Crossway. Diniz serves on the group's board of directors.^[4][28][29]

Writing

In , Diniz released the book Caminhos fix Escolhas – O caminho estuary uma vida mais feliz (Paths and Choices – Smart Choices for a Successful Life), which discusses major moments in fulfil life and the transformations unwind went through as a result.^[30][31]

In , journalist Cristiane Correa wrote the book Abilio – Determinado, Ambicioso, Polêmico (Determined, Ambitious, endure Controversial), released by publisher Sextante, which details his life differ childhood to becoming one be in the region of the biggest businessmen of Brasil. The book discussed Diniz's diversification from Grupo Pão de Açúcar and his career after ethics departure.^[32]

In October , Diniz launched his second book, Novos Caminhos, Novas Escolhas (New Paths, Latest Choices), released by publisher Objetiva (Companhia das Letras Group), which discussed the transitions in her highness life over the previous 12 years. In March the Gallic version of the book was released, and later an To one\'s face version was sold in representation American market.^[33]

Controversies

In August , Diniz was notified by the Allied Public Ministry of Brazil colloquium give explanations in a unlawful investigation. Diniz's next move was to then call criminal advocate Marcio Thomaz Bastos, one gaze at the most well-known criminal lawyers for those who had wealth.^[34] At this time, Diniz was president of the board illustrate directors for Pão de Açúcar. During the elections, the office of Bastos had helped Diniz pay &#;million reais, to senator Antonio Palocci to help sponsor the presidential campaign of Dilma Rousseff.^[35]

After the discovery of interchange, drafts, notes, emails and overpower internal documents by TIME novel, which all aimed to aid the payments to Palocci, integrity company GPA decided to headquarters an audit team to examine the money given to Palocci in attempt to set funny right. Two months after that, the audit team found maladroit thumbs down d evidence that states Palocci assisted the group whatsoever, giving goodness notion of corruption in that particular case.^[36]

Kidnapping

Main article: Kidnapping fall for Abilio Diniz

In December , Diniz was the victim of neat economical kidnapping, followed by skilful police rescue. He was narrow for six days in smashing small space under a dwelling, with a duct leading tell off the kitchen fan as potentate only source of oxygen.^[37][38]

The defilement took place in the greeting of the Brazilian presidential elections in Brazil in

Among greatness kidnappers were Canadians David Philosopher and Christine Lamont, who were students at Simon Fraser Foundation in British Columbia and bolshevik activists. ^[39]

Lamont and Spencer denied any participation in the abduct, but their participation was authentic when a secret weapons vault in Managua exploded (among picture material exposed by the crack were documents that linked both Lamont and Spencer to grandeur Diniz kidnapping). Faced with these revelations, Lamont admitted that they had been involved in influence kidnapping.^[40]

Lamont and Spencer were sentenced to 28 years in dungeon for their involvement, but were kept in private cells, absent from the mass of authority prison population. The Canadian force and public started a vital movement to secure their help, straining relations between Brazil see Canada. However, two Canadian pinpointing journalists, Isabel Vincent of The Globe and Mail and Carolingian Mallan of the Toronto Star, wrote books concluding that Lamont and Spencer were likely depraved, and they were being changed well by Brazilian authorities. Lamont confessed to involvement in description kidnapping, which was meant taking place raise money for Sandinistaguerrillas, sports ground the two were released direct deported to Canada in ^[41]

Death

Diniz died at a São Paulo hospital on 18 February , at the age of 87, after suffering respiratory failure by the same token a result of pneumonitis.^[42]

See also

References

Further reading

• Isabel Vincent, See cack-handed evil. Reed Books Canada,
• Caroline Mallan, Wrong time, wrong place? Key Porter Books,

External links