03:18 PM EDT, 07/12/2024 (MT Newswires) -- Sigma Lithium Corporation ( SGML ) , a global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, socially and environmentally sustainable lithium concentrate, on Thursday named Eugenio de Zagottis as its third independent director.

According to a statement, Zagottis is a "renowned" businessman in Brazil, and was instrumental in building Raia Drogasil healthcare from a small private company in 2008 into the largest Latin American drug retailer and one of the 15 largest in the world.

Zagottis, the statement said, "brings over 20 years of experience in operations, internal controls, and corporate planning" and "brings a wealth of invaluable expertise to the Sigma Lithium ( SGML ) team, including his longstanding leadership as an entrepreneur and from serving on the board of directors of US$9 billion drug healthcare leader RaiaDrogasil."

"With this appointment, not only are we continuing to strengthen the team with another experienced and qualified director, but we are also keeping with our commitment to the United Nations Sustainable Development Goals by having a Board of Directors that is comprised of 33% underrepresented minority groups." added Co-CEO and Co-Chairperson Ana Cabral Gardner.

Meanwhile, transitioning off the Board are Lucas Mello and Cesar Chicayban, as Mello has taken on a new full-time role as the advisor to the Magalhaes Pinto family in the sale of Banco Nacional to BTG. Similarly, Chicayban was recently appointed to the role of CEO of XP's Private Banking unit.

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