Austria: RHI Magnesita has appointed Gustavo Franco as its CEO with effect from 1 November 2026. He will succeed Stefan Borgas, who will step down after 10 years in the role.
Franco joined Magnesita, then a separate entity, in 2001 and has worked in technical, commercial and leadership roles in South America, North America and Europe. He started as a Technical Marketing Engineer in Brazil and eventually became Chief Sales Officer for the company in 2019. He has been a member of the Executive Management Team since 2019 and has worked as Chief Customer Officer since 2023. Franco holds an undergraduate degree in mechanical engineering from the Centro Federal de Educação Tecnológica de Minas Gerais.
