[LOGO]
COMPANHIA BRASILEIRA DE DISTRIBUICAO
GRUPO PAO DE ACUCAR
For more information please contact:
Aymar Giglio Jr. Rosemary Otero
Companhia Brasileira de Distribuicao Edelman Financial
(55-11) 3886-0421 (212) 704-4486
[email protected] [email protected]
Fernando Tracanella Gustavo Bernhoeft
(55-11) 3886-0421 (55-11) 3846-8400
[email protected] [email protected]
AMELIA.COM.BR ANNOUNCES
MANAGEMENT STRUCTURE CHANGES
[LOGO] amelia.com.br
Para voce nao ser uma
Sao Paulo, Brazil, July 28th, 2000 - Companhia Brasileira de Distribuicao (NYSE:
CBD) today announced management structure changes related to its e-commerce
project.
The project lead by Ms. Deborah Wright represents a new and important
distribution channel for CBD and establishes the company's fifth banner, along
with Pao de Acucar, Extra, Barateiro and Eletro. The administration of
amelia.com.br aims at increasing existent synergies with the CBD's traditional
retail business, reinforcing its market leadership, as well as maximizing the
business value and creating greater returns on investments. Amelia's Finance and
Administrative areas are being incorporated by CBD's respective areas and Mrs.
Wright, besides her CEO's activities, will be managing closely Marketing and
Commercial areas. Therefore, Mr. Cyro Averbach and Mr. Luiz Pimentel, Amelia's
CFO and CCO respectively, are leaving the company to pursue other efforts.
Since May 2000 CBD has been concentrating its electronic commerce activities in
its new site amelia.com.br, based on the successful programs of Pao de Acucar
Delivery and Eletro on Line, but with an innovative and broader marketing
concept. Amelia.com.br aims at offering integrated home solutions to improve
people's quality of life.
Investments for 2000 and 2001 are estimated to total R$45-57 million and R$40-60
million, respectively, targeting technology, distribution/logistics, marketing
and content development. Starting in the second quarter of 2000, the company
will release Amelia's main performance indicators, which will facilitate market
analysis and generate more transparency in the communication.
http://www.grupopaodeacucar.com.br
http://www.amelia.com.br
###
