Like many countries during the years following World War II, Brazil also flirted with socialism, by nationalizing many of their industries. Most large scale industries were run by the government until the early 1990’s. Then economic reality hit in the form of financial crisis and the government was faced with the reality that they could no longer run businesses.
Privatization began in earnest and the first industries to face these reforms were the aeronautical, steel and petrochemical industries. In 1995 the government even passed what is known as Concession laws, which gave priority for certain business to become privately owned. Some of the industries included banking, telecommunication, sanitation, and transportation.
Brazil never looked back since these reforms were put in place since the country witnessed unprecedented growth. But in all this success it is easy to forget that there is also a regulatory agency put in place to oversee these reforms. In 2004 the government put forth a novel way to handle these changes by putting together public-private partnerships in the telecommunication industry. This turned out to be an enormous success.
One person who had a birds-eye view of these changes and success was Felipe Montoro Jens. He worked as a planner, treasurer, and controller of the finance divisions of the government as well as in the private sector. He is an expert of sorts when it comes to infrastructure, therefore, his opinions were valued by the Brazilian government when it came time to partner with the National Bank for Economic and Social Development. His main area of interest in this venture was controlling and eliminating waste.
Felipe Montoro Jens holds degrees from Fundao Getlio Vargas University as well as from the American Garvin School of International Management. He currently serves as CEO of Odebrecht Properties at Odebrecht SA. He has also served on the board of several companies in the past.