The nomination of Lino to replace Ricardo Bayao Horta as chairman of Cimpor is put forward by the Government via state-owned bank Caixa Geral de Depositos (CGD). CGD which holds 10% in Cimpor has the right to name the chairman and a non-executive board member.
The shareholders in Cimpor are analysing another option -- a candidate from the sector, Publico said. A third name could be discussed as well, Publico added.