António Redondo has been named the new Executive Committee Chairman of The Navigator Company, effective as of 01 January 2020, as notified by the company today to the regulatory authority. The company’s new leader will replace João Castello Branco, who has held this position on an interim basis since April 2019, while remaining CEO of Navigator’s holding company Semapa.
António Redondo, aged 55, has more than three decades of experience in the pulp and paper industry and extensive knowledge of the company’s operations. He began working at Soporcel in 1987 in the production and technical areas.
In 1998, he took on the management and, later on, administration of areas such as Pulp and Paper Marketing and Sales, Supply Chain, Logistics, Product Development, Revenue Management and Corporate Communications. Since 2007, he has been on the Executive Committee of The Navigator Company.
António Redondo has a degree in Chemical Engineering from the University of Coimbra. He attended the Business Management course and has an MBA with a specialization in Marketing from Universidade Católica Portuguesa.
The Navigator Company is an integrated producer of forests, pulp and paper, tissue and energy, whose activity is carried out in modern, large-scale factories, with cutting-edge technology, and which is a benchmark of quality in the sector.
The Navigator Company produces pulp and paper using forests planted exclusively for this purpose. Each year, our nurseries give life to more than 12 million trees. These nurseries – the biggest in Europe – produce 135 different species of trees and shrubs. Many of these have no economic utility, but are financed by Navigator to sustain diversity and guarantee the continuity of the species.
For example, in 2017, the forests managed by The Navigator Company in Portugal had a carbon stock – not including carbon in the soil – equivalent to 5.4 million tonnes of CO². This is the same as the emissions that would be generated by 1.5 million cars travelling around the perimeter of planet Earth.
The Navigator Company has taken on the formal commitment of achieving carbon neutrality by 2035, by reaching the targets laid out by the European Union and Portugal 15 years early. As such, it became the first Portuguese company, and one of the first worldwide, to set this ambitious goal.
This commitment is the culmination of a sustainability strategy already distinguished, at the start of 2019, with the ranking of global leader in the fight against climate change by the Carbon Disclosure Project (CDP), achieving a prominent position on this organization’s “A” list. In 2018, The Navigator Company was recognized for its efforts to reduce emissions, decrease climate risks and develop an economy with a low carbon footprint, and was the only Portuguese company to obtain the highest score in an elite group of five companies from the global pulp, paper and forest sector to receive this distinction.
The company is the third-largest Portuguese exporter, representing approximately 1% of the national GDP and 2.4% of national goods exported, and generates the greatest National Value Added. In 2018, The Navigator Company’s turnover was around €1.6 billion, with 91% of the Group’s products sold outside of Portugal in approximately 130 different countries.
The Group has vertically integrated forest activity with its own Forest Research Institute, which is a global reference in the genetic improvement of the Eucalyptus globulus. It creates a vast forest area in Portugal, 100% certified by the FSC® (FSC C010852) and PEFC™ (PEFC/13-23-001) international systems. It also has the installed capacity of 1.6 million tonnes of paper, 1.6 million tonnes of pulp (80% integrated into paper), 120 thousand tonnes of tissue converting, producing around 2.5 TWh of electricity each year. It is responsible for approximately 4% of the energy production in Portugal and 52% of the energy produced from biomass.