Meanwhile, Joaquim Moreira will chair the General Meeting and Domingos Ferreira the Supervisory Board.

Onofre said: “It should be recognised that in recent years, the Covid-19 pandemic has had a major impact on our activities”, and exporters “had to face the consequences of the war in Ukraine, particularly in terms of inflation, and the economic slowdown in our main markets.

“We will have a strengthened team of businessmen leading APICCAPS. Together, we will try to implement what we have proposed in the strategic plan, with a focus on actions related to the internationalisation of our companies. At a time when global economies are still experiencing very modest economic growth, our ability to reach new markets and customers and move into higher value-added segments will be critical.”