Carlos Alberto de Oliveira Andrade is a respected car distributor and the chairman of the board of directors for CAOA who was born in Brazil. He also served as a physician in the past but changed industries after an opportunity came his way four decades ago. The company CAOA contains all of his initials in its name, and he started the company after a car dealership went bankrupt without delivering the car he had already paid for. After the event, he made a deal to have the dealership put in his name, and this is where his business began.
Carlos Alberto de Oliveira Andrade jumped on a change in law in Brazil that took place in 1992. The change allowed imported vehicles to come into Brazil, and CAOA, under Andrade’s guidance, quickly became the only importer of Renault vehicles. In the late 1990s, his company also became the sole importer of Subaru vehicles and began to increase its revenue dramatically. While Hyundai was already doing well in Brazil, Carlos Alberto de Oliveira Andrade worked hard to market the brand, and it became a top seller in the nation soon after. He was able to continue his relationship with Hyundai, and in 2007, a partnership between the car company and CAOA made it possible for him to build his own auto manufacturer.
In 2007, Carlos Alberto de Oliveira Andrade was given an award by IstoÉ Dinheiro Magazine who honored him as the “Entrepreneur of the Year in Industry.” Just a few years later, CAOA was honored as the “Good doer Company” by IstoÉ Dinheiro. The reason for the award was because of the company’s adherence to taking care of the environment through reusing waste from producing vehicles and also helping with reforestation efforts. The Carta Capital magazine also honored CAOA for three years straight by recognizing it as the “Most Admired” company in the nation. Today, Carlos Alberto de Oliveira Andrade and his company have sold more than 1 million vehicles in Brazil, and CAOA has operations in every part of the country. The future looks bright for the man who has worked so hard to build a business from the ground up.