Verde AgriTech names Reberth Machado CEO as Cristiano Veloso steps down

National Presto Industries, Inc.

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Verde AgriTech formed Magnes Rare Earths as a wholly owned unit to hold and advance the Minas Americas Global Alliance Project in Minas Gerais, Brazil.
Cristiano Veloso will step down as CEO and a director, moving to CEO of Magnes.
Reberth Machado was named CEO effective June 1, 2026; he is a chemical engineer who spent 12 years at Bioenergia do Brasil, including as CEO running a sugar-cane ethanol operation.
Felipe Paolucci will remain CFO; Marcus Ribeiro will remain chief revenue officer.
Veloso will advise Verde on a non-exclusive external basis to support the separation and leadership transition.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Verde Agritech Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605200700PRIMZONEFULLFEED9723524) on May 20, 2026, and is solely responsible for the information contained therein.

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