Editorial Director of Valor Econômico, Vera Brandimarte, WEG CEO Harry Schmelzer Jr., and CEO of Valor Econômico Alexandre Caldini.

Harry Schmelzer Jr., CEO of the WEG Group has won for the fifth time in a row the “Valuable Executive” award in the category of “Industrial Machines and Equipment” organized by “Valor Economico” newspaper.

This prize chooses the best executives from 24 sectors of the market and is in its 13th year, the award ceremony was held in the Rosa Rosarum Hall, in São Paulo City.

The jury’s selection criteria is based on the executives “business management” for 2011, taking into account results, identification of innovation opportunities and growth, alongside the professional’s reputation in the market and their capacity to adapt to sectors and companies.

This is the fifth time that Harry has won the prize and the tenth time WEG has earned a place in the ranking during the eleven years. Décio da Silva former CEO and current chairman of the board of directors of the WEG Group received the award five times.

“2012 was a celebration year for WEG. Even in a difficult economic environment, with low growth rates in Brazil and in developed countries, we could achieve a rather significant expansion.This performance is the result of a joint effort, involving associates, customers and shareholders, therefore I share this prize with all the team that has helped me make WEG more and more competitive”, says Harry.