Fertilizantes Heringer stock faces fifth CEO change in a year

Published on 11/10/2026 at 01:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fertilizantes Heringer stock will be led on an interim basis by CFO Fernando Yagura Maeda. The board also appointed Georgii Grachev as vice chairman.

Leadership change raises execution focus

Fernando Yagura Maeda is combining the CFO, investor-relations and interim CEO roles.
Georgii Grachev has joined the board as vice chairman through the 2028 annual general meeting.
Heringer operates in Brazil's fertilizer market while creditor negotiations remain an important investor issue.

Fertilizantes Heringer, BRFHERACNOR5, Illustration mit AI erstellt.

Fertilizantes Heringer changed its executive leadership on Tuesday, October 13, 2026, after Daniil Bazdyrev resigned as chief executive and vice chairman of the board, according to CNN Brasil.

Chief financial and investor-relations officer Fernando Yagura Maeda is taking over as interim CEO. The company said the move was communicated to the market through a material disclosure under Brazilian securities rules, while Maeda signed the notice in his investor-relations capacity.

Board succession follows resignation

The board elected Georgii Grachev as a full member and vice chairman. His mandate is aligned with those of the other directors and runs until the annual general meeting scheduled for 2028.

The change adds executive responsibility to Maeda's existing finance and investor-relations duties. Heringer said it would keep shareholders and the market informed about further developments related to the leadership transition.

Fertilizer market remains competitive

Heringer is operating against a competitive Brazilian fertilizer backdrop. An October analysis by AgriBrasilis counted Heringer among the companies with the largest number of fertilizer registrations approved in 2026 through September.

Business model and competitors

Heringer is headquartered in Paulínia, Brazil, and operates in the fertilizer sector, serving the country's agricultural market. In the 2026 registration comparison, Agro Industrial São Luiz and Fertilizantes Tocantins recorded more registrations than Heringer, while Heringer exceeded Mosaic on that measure. Heringer also had the largest active registration base when company branches were consolidated, according to the AgriBrasilis analysis. The comparison places the company among Brazil's established fertilizer suppliers while highlighting competition from both domestic distributors and larger international groups.