Brazil and the United Kingdom have never been great trading partners. When the UK was part of the EU, the economic export value to the United Kingdom was less than 2% of Brazil’s annual exports, according to an article published in Portuguese by Exame.abril.com.br, according to Flavio Maluf, the CEO of Eucatex. Eucatex has offices all over the world, so Maluf wanted to translate the article from Portuguese to English for some of the other Eucatex offices.
Eucatex is a worldwide building supply company. Eucatex supplies doors, ceiling tile, varnishes, paint, floors, and other products to countries around the world. CEO Flavio Maluf is an engineer and he graduated from New York University with a degree in Business Administration, so he stays on top of the economic events that could change his business model in countries around the world.
Eucatex has been exporting and doing business in other countries for more than five decades, so members of the Eucatex executive team wanted to understand how the UK exit from the EU would impact business in their countries.
The answer to that question is still up in the air. On its own, the United Kingdom does have strong economic ties with the United States and other countries in the EU, so business in Germany and France, as well as the United States, shouldn’t change that much. As far as trade with South America, Argentina also has longstanding ties with the UK, and Brazil could develop a bilateral trade agreement with the UK. But to translate how trade between the EU and the UK will be handled going forward is the big question, and Mr. Maluf agrees. If the UK takes the same position as Norway, then it should be business as usual, but that has not been decided yet.
The Portuguese Exame.abril.com.br article did point out that the UK exit could mean the end of the free movement of people and goods among member countries and the UK. But the free movement between the remaining EU countries is in jeopardy as well because of the migration crisis and terrorism. Follow Flavio via his blog, and keep informed about what Brazil’s economy is going to do next.
Stephen Murray, who has worked as the CEO of CCMP has recently passed away. His ideas and skills as well as experience has brought forth a lot of success to the company. He was also very educated in the areas of business. Steve Murray, like some other entrepreneurs and successful businessmen has gotten himself involved in philanthropy.
Stephen Murray has given his support to many different charities which included the Make-A-Wish Foundation, the Food Bank of Lower Fairfield County, and a couple of other charitable foundations. He has shown that he was very generous when it comes to the money he has earned.
He understands that hard times can happen to anyone. He has also worked at some of the charitable foundations that he has supported. He served on the Make-A-Wish Foundation council. CCMP Capital was left with a huge chair to fill when Steve Murray passed away. Learn more about Stephen Murray CCMP: http://nypost.com/2015/03/13/ccmps-murray-dead-at-52/
He has left a potential legacy with all of his innovative ideas. As an investor, he understood when to make investments and when to let go of a losing deal. A lot of people that have worked with him had a lot of appreciation for what he has brought to the company. Learn more about Stephen Murray CCMP: http://observer.com/2015/02/this-old-thing-private-equity-honcho-drops-little-place-uptown-for-11m/
A good chunk of his career was spent in private equity. As of right now, CCMP is running under new leadership with the hopes of continuing with the success that was brought forth by Stephen Murray. Before Stephen Murray died, he has left the company for a month due to health related issues. Read more: The Exponential Growth of CCMP Capital Under Stephen Murray’s Leadership
During the time, it was unknown whether or not he was going to recover. He eventually passed away of his health problems and is surely missed by the many people that have worked with him. They will continue on with the lessons that they have learned from him and will apply those lessons to the business as long as he company lives.
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