SAN PAOLO, Brazil–Randon S.A., the largest manufacturer of trailers and semi-trailers in Latin America and among the ten largest manufacturers in its field in the world, said its board of directors has tapped Vice President Daniel Raul Randon as its next CEO, succeeding David Abramo Randon.
The change will be effective on May 8, 2019. Daniel Raul will also be added to the board of directors.
Daniel Randon is a mechanical engineer, graduated at Caxias do Sul University, with a post-graduation in administration and finance (MBA) by The University of Chicago. He began his career at Randon 20 years ago. In 2001, he took over as manager of Randon’s branch in São Paulo, and in 2006 became one of the Directors of Fras-le S.A. (“Fras-le”), a Randon-controlled company in which he was CEO from 2010 to 2014.
Fras-le SA is a leading maker of brakes and friction materials for heavy vehicles and locomotives, as well as a supplier of brake shoes and pads for light vehicles.
During his period at Fras-le, Daniel Randon led its international expansion, by establishing plants in the U.S. and China, and positioning Fras-le as one of the largest global players in the auto parts industry.
Since 2014, he has been a member of Fras-le’s board and Randon’s Vice-President of corporate human resources, financial services, procurement, information technology, and the shared service center.
Daniel Randon takes over the family company at a fortuitous time, coming off an exceptional performance in 2018. The company reported gross revenue of R$6 billion, up 43.4% from 2017, and a net profit of R$151.7 million in 2018, with a net margin of 3.6%, against net income of R$ 46.7 million in 2017.