Change in the executive chairmanship of the José de Mello Group

In the context of a new cycle of business development, sustained by a solid financial situation, the José de Mello family Shareholders’ Board has decided to appoint Salvador de Mello as executive chairman of José de Mello.

Vasco de Mello will remain Chairman of the Board of Directors of José de Mello, now in non-executive functions, as Chairman of the Board of Directors of Brisa and as Chairman of the Board of the Amélia de Mello Foundation.

Pedro de Mello will remain vice-chairman of the Board of Directors of José de Mello, now in non-executive functions, which he accumulates with the chairmanship of Sociedade Agrícola D. Diniz (Monte da Ravasqueira). The chairmanship of the Shareholders’ Board of the José de Mello family will remain under Pedro de Mello’s responsibility.

Upon assuming the executive chairmanship of José de Mello, Salvador de Mello will remain Chairman of the Board of Directors of CUF, now with non-executive functions, and Rui Diniz will assume the functions of Executive Chairman.

The new executive leadership of Salvador de Mello also aims to continue an historical business legacy begun in 1898 by Alfredo da Silva, enabling the growth and development of the José de Mello Group and maintaining the commitment to contribute to the dynamization of the national economy and the future of Portugal.

For Vasco de Mello, “the change in the executive chairmanship stems from a natural succession process, at a time when the José de Mello Group is prepared to face a new cycle of business growth and the development of new opportunities with ambition, continuing an historical business legacy of over 120 years and reinforcing our long-term commitment to contribute to the future of Portugal“.

These changes take effect today and do not determine any other changes in the Board of Directors and Executive Committee of José de Mello.