Sonae, Semapa and Santander Totta rethink their leadership in 2019

  • ECO News
  • 28 December 2018

One of the highlights of the year we are nearly saying farewell to was the news that Cláudia Azevedo, sister of Paulo Azevedo, would take over as CEO of Sonae. But many other companies are changing.

This year is nearly gone, and 2019 will bring several changes to the leadership of some of the most important companies — and banking institutions — in the country, such as Sonae, Semapa and Santander Totta.


One of the highlights of the year was that Paulo Azevedo would hand over his position as CEO of Sonae to his sister, Cláudia Azevedo, in 2019.

The youngest daughter of Belmiro de Azevedo, who was one of the richest men in Portugal, will be 49 years old on the 13th of January, she has two kids and a degree in Management from Católica University in Porto, plus an MBA from Insead business school.

Up until now, she was the CEO of Sonae Capital — which focuses on hospitality, fitness and energy, and renounced to that position to prepared for the new role at the company.


Semapa informed the markets that Heinz-Peter Elstrodt will take over as President of the board of administrators of the company, while João Castello Branco will be the chairman of The Navigator and Secil.

Heinz-Peter Elstrodt is 62 years old, German, and he will become the Chairman of the board of administrators at the beginning of January. João Castello Branco is the CEO of Semapa, and he will be heading the boarding meetings of its subsidiaries, The Navigator and Secil.

Pedro Queiroz Pereira, who died in August this year, previously held those positions at Semapa.

Santander Totta

And at the Spanish bank, Santander Totta, António Vieira Monteiro says goodbye to his position as CEO to take on a new challenge as Chairman of that bank’s board. On the 13th of December, the shareholders of the bank approved the new disposition of the board of administration.

The new delegation will be in charge of the bank for three years, between 2019-2021. Vieira Monteiro becomes the chairman of this group, which will include José Carlos Sítima, Pedro Castro e Almeida, and also the dean of NOVA SBE, Daniel Traça.

Euronext Lisbon

There will be changes as well at Euronext Lisbon, with Isabel Ucha substituting Paulo Rodrigues da Silva as CEO, starting in January 1st. The former head of Euronext Lisbon resigned in November, justifying that his decision was motivated by his “personal projects in the fields of entrepreneurship and academia”.

Isabel Ucha has been a part of Euronext Lisbon’s team since 2007 and had experience leading the institution internally, in 2016.