Brazil’s Odebrecht taps VP Guidolin as new chief executive

The corporate logo of Odebrecht is seen inside of one of its offices in Mexico City, Mexico

SAO PAULO (Reuters) – Brazilian engineering conglomerate Odebrecht SA [ODBES.UL] said on Friday it had tapped Luciano Guidolin as its new chief executive officer, replacing current CEO Newton de Souza.

Guidolin, currently vice-president of investments for the group, played a key role in negotiating plea deals in Brazil, Switzerland and the United States, according to an Odebrecht statement. Executives confessed to their roles in a corruption scandal that led to the arrest of former CEO Marcelo Odebrecht.

(Reporting by Bruno Federowski)