Verde AgriTech Plc – Management Brief

Verde AgriTech Plc, the producer and marketer of Super Greensand® based in Belo Horizonte, Brazil, reported that it has named Daniel Sabbag as Vice President of Sales. The company said he has 30 years of experience in the agricultural sector, including major companies such as Fertilizantes Heringer SA, Monsanto Co., Bequisa – Degesh Group, and Cargill Inc.

Sabbag most recently spent 14 years in the fertilizer business with Heringer, where he was head of the sales department, overseeing yearly revenues of US$250 million. He was responsible for trade operations throughout Brazil, and led a team of over 30 professionals plus a network of 110 independent sales agents.

Verde said Sabbag led Heringer’s overall expansion as it opened seven new plants. He also oversaw the introduction of new product lines such as premium fertilizers.

Sabbag holds an MBA from Fundação Getúlio Vargas (FGV) and a bachelor’s degree in Agronomic Engineering from ESALQ/ USP, Brazil.

In March, Verde named Felipe Paolucci as CFO. Verde said he is an executive with over 15 years of experience in finance in multinational companies, and over nine years of experience in the agricultural business. He will be based in Belo Horizonte, and replaces Tim Slater, who has acted as the company’s interim CFO for the past few years.