Bruno Fusaro
Head of Investor Relations of Usiminas and Cosipa since 2004, Mr. Fusaro has a bachelor degree in Business Administration from UNA, Brazil, and an MBA from the University of Illinois, USA. He is also a board Member of IBRI (Brazilian Investor Relations Institute).
Previously, Mr. Fusaro held positions at Cosipa as Finance General Manager, and at Usiparts (auto parts company) as CFO.
Usiminas - Company release
Usiminas is the largest and most modern steel complex of flat steel in Latin America. It is formed by companies that operate in four business units: mining and logistics, steel, steel processing and capital goods. In summary, Usiminas extracts the ore, transforms it into steel of the highest quality, improves the product according to clients’ specifications, offers transport by road, rail or sea and delivers finished products, such as equipments and large size metal structures. Usiminas employs approximately 30 thousand employees and has a production capacity of 9.5 million tons of crude steel per year on two plants – Ipatinga (Minas Gerais state) and Cubatão (São Paulo state), which accounts for approximately 25% of the Brazilian production. Geared primarily for the domestic market, it owns approximately 50% of the Brazilian flat steel market, especially in sectors such as auto, auto parts, naval and agricultural, industrial and electronic equipments.
Usiminas continually improves its governance structures to ensure a safe decision-making process and always focused on value creation for shareholders and other interested parties.
Usiminas is enrolled in Level 1 of Corporate Governance of the São Paulo Stock Exchange (BM&FBOVESPA) since October 2007 and is committed, voluntarily, to providing information to the market in a clear and transparent manner.
Usiminas’ shares are listed in BM&FBOVESPA under the codes USIM3, USIM5 and USIM6; in New York (OTC) as ADR Level 1 under the code USNZY; and in Madrid (Latibex) under the codes XUSI and XUSIO. Usiminas’ shares integrate some of the major market indexes. In Brazil, there are the Index of Shares with Differentiated Corporate Governance (IGC), the Corporate Sustainability Index (ISE), the Brazil Index (IBrX), the Brazil Index 50 (IBrX-50), the Industrial Sector Index (INDX) and the Mid-Large Cap Index (MLCX). The preferred class “A” shares (USIM5) participate in the Bovespa Index (Ibovespa), the most important index of average performance of the Brazilian stock market, and were amongst the 10 most influential papers in the theoretical portfolio in the first three months of 2010.
The number of Usiminas’ shareholders in BM&FBOVESPA increased significantly in 2009 totaling 56,521.
Usiminas’ common stock (USIM3) ended December 2009 quoted at R$ 50.99 and, USIM5, quoted at R$ 49.39, with appreciations of 93.8% and 86.2%, respectively in the year’s total. In the same period, Ibovespa appreciated 82.7%. On December 30, 2009, Usiminas market capitalization was of R$ 25.0 billion.
The average daily volume of negotiations in 2009 was of R$ 123 million, representing a decrease of 18% over 2008.