Brazil’s Scandal-ridden Odebrecht Company Changes Name; Attempting to Turn Over a new Leaf

Odebrecht was at the centre of the Operation Car Wash corruption scandal that resulted in dozens of top Brazilian businessmen and politicians sent to jail, including Marcelo Odebrecht, the former company president and grandson of the construction giant’s founder.

RIO DE JANEIRO, BRAZIL - Brazilian construction giant Odebrecht announced on Friday, December 18th, it has changed its name to Novonor, attempting to turn over a new leaf following years of high-profile and damaging corruption scandals all over Latin America.

“We’re not erasing the past. The past cannot be erased,” said Mauricio Odebrecht, who represents the majority shareholder, in a statement.

“After all the changes and course corrections we’ve instituted, now we’re looking at what we want to be: a company inspired by the future. This is our new north.”

Odebrecht was at the centre of the . . .

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