Organizational Structure
Innova’s renown and consistency are the result of a legacy of successive reinventions and trust, developed together with the market and the community. Our principles of Corporate Governance are the basis for all our initiatives: Transparency, Fairness, Accountability and Corporate Responsibility.
Even though it is a private company, since 2005 Innova’s results have been analyzed by external auditors, all of which have always been members of the group known as the ‘Big Four’.
The Board of Directors, the Company’s highest governing body, is permanently present in Innova’s Corporate Governance structure, with support being provided by its statutory Advisory Committees: Audit, Compliance and Sustainability.
Innova’s organizational structure also includes an Internal Audit department, charged with monitoring practices and processes, and evaluating internal control systems, all in accordance with the established policies.
Our Corporate Governance is organized as follows:
Board of Directors
The Board of Directors is the company’s highest guidance body, providing a link between the shareholders and the management, with responsibility for defining the main guidelines for conducting Innova’s business and for defining and reviewing the Company’s Mission, Vision and Values, as well as the strategies, policies and goals related to economic, environmental and social aspects.
As set forth in our Bylaws, the Board of Directors is composed of a minimum of four and a maximum of six members, elected by the general assembly for three-year terms.
Members
Lirio Albino Parisotto
Lirio Albino Parisotto is the founder of Videolar-Innova S/A. He was born in the rural area of Nova Bassano, State of Rio Grande do Sul. He graduated in Medicine from the University of Caxias do Sul (RS) but has pursued his career in all areas of the business world. Parisotto is known for one unique trait: he combines and consolidates his equally strong abilities of entrepreneur and investor, having built a widely respected experience in commerce, industry, services, and the capital markets.
His vocation for business was awakened and started taking shape with a small store for installing sound equipment in automobiles, from which Lirio Parisotto moved into the segment of household appliances and electronics retail, working to ensure that, overthe course of a decade, his Audiolar store established itself as the regional leader.
In 1988, at the peak of his activity in commerce, he left retail and entered the industrial sector with the foundation of Videolar, a manufacturer of both virgin and pre-recorded physical media carriers: initially VHS video tapes, audio cassettes, and floppy disks, and later CDs, DVDs, and Blu-ray discs.
Over the course of this trajectory, Videolar also became the largest national consumer of polystyrene resin for its media cases and VHS tapes, which led Parisotto to build the first petrochemical plant in the Northern Region. Through successive reinventions, the company has evolved to what Innova is today: a manufacturer of styrene monomer (SM), polystyrene (PS) and
processed plastics, such as bioriented polypropylene films (BOPP), polystyrene (PS) and polypropylene (PP) reels, as well as plastic caps for mineral water, juice, and soft drinks bottles. All products in the heart of the economy.
Innova is acknowledged as one of the largest companies in Brazil.
Liz Parisotto De Gregori
Liz Parisotto De Gregori was born in São Paulo (SP). She graduated in Psychology with a Minor in Business Administration from Northeastern University in Boston, USA.
Liz has done volunteer work in Bucharest and Normandy.
In 2015, she carried out an Observer Internship in the Multiprofessional Psychology Residency area at the Sírio-Libanês Hospital, in São Paulo, where she accompanied care in the Palliative and Transplant areas.
In 2017, she attended the Next Generation Wealth Management Program from UBS Bank in Zurich, Switzerland.
In 2020, Liz Parisotto de Gregori published the book Memorabilia of Image & Sound, with photographic essays from the collection of physical media on display at the Tânia Maris Vanin Parisotto Memorial, narrating the significance of those devices through the ages.
In 2021, she completed the Course for Board Members at the Brazilian Institute of Corporate Governance (IBGC), in São Paulo.
Elie Linetzky Waitzberg
Elie Linetzky Waitzberg was born in São Paulo, SP, Brazil. He graduated in Electrical, Electronic and Communications Engineering from the University of São Paulo (USP), in 1978.
Elie worked in bioengineering at the Neuropsychiatry Institute of the Hospital das Clínicas of the University of São Paulo, on a project to prevent epileptic seizures by means of a cerebral pacemaker activated by telemetry.
He taught Management Information Systems at the Alvares Penteado Business School (SP).
In 1980, Waitzberg introduced in Brazil the American technology of multi-sheet cans for motor oil, which replaced the tinplate can.
In 1987, he set up a VHS videocassette tape duplication laboratory (Duplilab), with contracts with the main Hollywood film studios.
He joined Videolar in 1991 as Technical Director, having implemented the technologies for manufacturing physical media carriers (VHS video tapes, audio cassettes, floppy disks, CDs, CD-Rs, DVDs, DVD-Rs, Blu-ray disks and Flash Memory).
Waitzberg worked on the technological basis for all the Company’s successive reinventions, planning, and building, in Manaus, the first petrochemical plant in the North of Brazil to manufacture polystyrene resin.
Still at the Manaus Industrial Pole, he also set up the plastics processing plants: bioriented polypropylene (BOPP) films, polystyrene (PS) and polypropylene (PP) reels and closure caps for PET bottles of mineral water, juices, and soft drinks.
In 2014, he completed the Training Course for Board Members at the Brazilian Institute of Corporate Governance (IBGC).
Since 2016 he has been working in the foreign trade area, developing new export markets for polystyrene (PS) resin.
Elie Waitzberg is a shareholder and member of the Board of Directors of Videolar-Innova S/A.
Raphael David Wojdyslawski
Raphael David Wojdyslawski was born in São Paulo, SP. He graduated in Business Administration from the Armando Alvarez Penteado Foundation (FAAP).
In 2008, he worked as an Independent Agent at investment bank Geração Futuro.
In 2011, he worked as an intern and Project Coordinator at Videolar S/A.
Since 2013, Raphael has been New Business Director at Phiren Holding.
In 2021, he completed the Corporate Finance and Training for Board Members courses at the Brazilian Institute of Corporate Governance (IBGC).
Since 2020, Raphael David Wojdyslawski has been a member of the Board of Directors of Videolar-Innova S/A.
Luiz Fernando Furlan
Luiz Fernando Furlan was born in Concórdia, Santa Catarina, SC. He has a vast and notorious presence in the Brazilian business universe, in several sectors.
He graduated in Chemical Engineering from the Faculty of Industrial Engineering (FEI) and Business Administration from the University of Santana. He also has a degree in Financial Administration from the Getúlio Vargas Foundation (FGV) and attended the Advanced Management Program, INSEAD, France, 1991.
Luiz Fernando Furlan was Minister of Development, Industry and Foreign Trade (MDIC) from 2003 to 2007. In this function, he also served as President of the Council of Ministers of the Chamber of Foreign Trade.
For the previous ten years, he was Chairman of the Board of Directors of Sadia and, after his ministerial mandate, he resumed his position at the company.
Furlan is a founding member and president of the Sustainable Amazon Foundation (FAS), an organization that promotes development, environmental preservation, and improvement in the quality of life of the Amazon’s riverside communities.
He is Chairman of the Board of Directors of the Group of Business Leaders-LIDE, a member of the Board of the Ayrton Senna Institute and also of the Brazilian Center for International Relations (CEBRI), the Brazilian Institute for Ethics in Competition (ETCO), the Brazil-China Business Council (CEBC), the Wise Group (Group of Notables for a Brazil-Japan Strategic Economic Partnership) and Japan House.
After serving on the boards of directors of several large companies, both national and multinational, in 2024 Luiz Fernando Furlan assumed seat on the Board of Directors of Videolar-Innova S/A, a petrochemical and plastics processing company.
Advisory Committees
Advisory Committees: the objective of these bodies is to support the Board of Directors with the intention of conferring greater efficiency and quality on the decisions of this collegiate body, and developing more in-depth discussions on the themes for which they were created.
There are three committees provided for in the Bylaws: Audit, Compliance and Sustainability.
The Audit Committee assists in activities that involve the reliability of information, ensuring the quality of the accounting practices adopted in the preparation of financial statements, compliance with legal and regulatory requirements, and the adjustment of internal processes and controls related to risk management.
Executive Directors
Our Executive Board is responsible for executing the business strategies and directives defined by the Board of Directors, delegating to each of the executives attributes and powers over economic, environmental and social topics.
Executive level positions and functions are decided upon at meetings of the Board of Directors, with the members being appointed by the President.
The Executive Board holds a three year mandate, being composed of at least three and at most six members, elected by the Board of Directors or the General Assembly, one of whom must be designated as Chairperson.
Lirio Albino Parisotto
Lirio Albino Parisotto is the founder of Videolar-Innova S/A. He was born in the rural area of Nova Bassano, State of Rio Grande do Sul. He graduated in Medicine from the University of Caxias do Sul (RS) but has pursued his career in all areas of the business world. Parisotto is known for one unique trait: he combines and consolidates his equally strong abilities of entrepreneur and investor, having built a widely respected experience in commerce, industry, services, and the capital markets.
His vocation for business was awakened and started taking shape with a small store for installing sound equipment in automobiles, from which Lirio Parisotto moved into the segment of household appliances and electronics retail, working to ensure that, overthe course of a decade, his Audiolar store established itself as the regional leader.
In 1988, at the peak of his activity in commerce, he left retail and entered the industrial sector with the foundation of Videolar, a manufacturer of both virgin and pre-recorded physical media carriers: initially VHS video tapes, audio cassettes, and floppy disks, and later CDs, DVDs, and Blu-ray discs.
Over the course of this trajectory, Videolar also became the largest national consumer of polystyrene resin for its media cases and VHS tapes, which led Parisotto to build the first petrochemical plant in the Northern Region. Through successive reinventions, the company has evolved to what Innova is today: a manufacturer of styrene monomer (SM), polystyrene (PS) and
processed plastics, such as bioriented polypropylene films (BOPP), polystyrene (PS) and polypropylene (PP) reels, as well as plastic caps for mineral water, juice, and soft drinks bottles. All products in the heart of the economy.
Innova is acknowledged as one of the largest companies in Brazil.
Reinaldo José Kröger Diretor
Reinaldo José Kröger was born in Santa Fé, Paraná, and graduated in Accounting and Business Administration from Faculdade de Ciências Econômicas e Administrativas de Osasco (São Paulo), with complementary training from the Institut Européen D’Administration Des Affaires (INSEAD), in Fontainebleau, France. Since May 2019 he has been Vice-President of Innova.
For over three decades, Kröger has been a C-Level leader in large national and multinational companies, notably in the petrochemicals area. This experience includes business restructurings, mergers and acquisitions, with the consolidation of different corporate cultures, cost reduction projects, optimization of resources, sales leverage, and improvement of results, as well as IPOs.
Kröger began his career in the financial area with the North American chemicals company Rohm and Hass, followed by Swiss company Asea Brown Boveri and then Coopers & Lybrand Auditors, as Senior Auditor.
He worked for the French multinational Rhodia for 23 years, operating as CFO and Market Relations Director, Sales Director and Operations Director, whilst also participating in the company’s IPO in Brazil. At the Italian group Mossi & Ghisolfi he was Sales & Marketing Director for South America, leading the business involving PET resin and its insertion in the circular economy. He was Superintendent Director at the Brazilian multinational Vicunha Têxtil, overseeing the operations of seven manufacturing plants. He was CEO and President with the Brazilian Unigel Group.
Reinaldo José Kröger is a Board Member of the Brazilian Chemical Industry Association (ABIQUIM)
Claudio da Rocha Filho
Claudio da Rocha Filho was born in São Paulo, graduated in Business Administration, and holds an MBA in Business Management from Fundação Instituto de Administração of University of São Paulo (FIA-USP).
He joined the Company in 1998, having performed leadership roles in all key areas: Sales, Marketing, Planning, Procurement, Information Technology, Manufacturing, Finance and Controlling. Rocha was elected a member of Innova’s Board of Directors in 2012 and is currently Chief Operations Officer for all Innova’s businesses. He worked at BASF for 8 years, mainly in the paints and coatings area.
José Lemos de Carvalho Junior
José Lemos de Carvalho Junior was born in São Paulo, graduated in Economics from the Federal University of Santa Catarina (UFSC), has a Degree in Banking Management from the University of Southern Santa Catarina (UNISUL) and an MBA in Capital Markets, Investments and Financial Management from the Getúlio Vargas Foundation (FGV).
He began his career at Innova as Financial Manager in October 2015, before also assuming the role of Controller., Lemos has been a member of the Board of Directors since November 2021, with responsibility for the areas of Finance, IT, Corporate Energy Management and Communications. He worked on the Fixed Income and Banking Treasury Desk of Banco do Estado de Santa Catarina S.A., and later as an Analyst and Investor Relationship Manager at Centrais Elétricas de Santa Catarina S.A. (CELESC).
Christian Barg
Christian Barg was born in Lages, Santa Catarina, graduated in Chemical Engineering from the Federal University of Santa Catarina (UFSC), has a Degree in Petrochemical Processes from the Federal University of Rio Grande do Sul (UFRGS), a Master’s Degree in Simulation and Optimization of Industrial Pressure Swing Adsorption Units for Hydrogen Purification also from the Federal University of Rio Grande do Sul (UFRGS), and an MBA in Corporate Finance, M&A and Equity from the Pontifícia Universidade Católica (PUC-RS).
Barg has been Innova´s Manufacturing Director since March 2020. He has been a professor on the Chemical Engineering Course at the Universidade Luterana do Brasil (ULBRA), a Process Engineer at Ultrafértil S/A, a Production Manager at Videolar S/A, Manufacturing Executive Manager at Vale Fertilizantes S/A, and General Production Manager at Yara Brasil.
Results Center
Gross revenue by geographical origin
Gross revenue by segment
Compliance
Innova understands the vital importance of working with ethics and in strict compliance with the laws applicable to our operations.
We encourage this culture among our employees, in their day-to-day activities.
We put this world vision into practice in our relationships with partners, suppliers and the society in which we are active.
We are successful when we create in our employees the awareness that ethical behavior also plays a crucial role in business continuity. In other words: besides being obligatory, it is also strategic.
Our employees look to the Code of Conduct for broad-reaching guidance on how to conduct their relations. Innova not only presents the Code of Conduct to its employees, but also provides ongoing explanations, comparing the text with practical examples of relations with clients, suppliers, governmental agencies, authorities and the community in general.
Our goal is that they are recognized as ethical and responsible people, fulfilling their duties to society.
This is also why we seek to work with suppliers and customers who act in accordance with our core principles and values.
We believe that, in synergy, we can practice and propagate values such as:
The support and protection of Human Rights
The security of not being involved in any kind of violation
The elimination of all forms of forced or compulsory labor
The abolition of child labor
The elimination of discrimination of any kind within or outside the workplace
The development of initiatives taking preventive approaches to the environment
The development of environmentally-friendly technologies and products
The relentless combating of corruption, including any attempts at extortion or bribery
The training of our employees in compliance and ethical principles
The dissemination of anti-corruption legislation, to expand knowledge and learning
Innova believes that this is the sustainable way of doing business, taking examples of citizenship, and respect for the environment and the laws of our Country into the community where it operates.
This should be as important as the a technology we use and the products we deliver. It should also be at the root of our leadership.
Reporting Channel
Toll Free Calls (Inside Brazil):
0800 810 8166
Web Page:
https://www.contatoseguro.com.br/innova