March 31 (Reuters) - Shares in Brazilian cosmetics maker Natura NATU3.SA jump 10% after it announced a board reshuffle and a deal for U.S. private equity firm Advent to buy a stake in the firm
Natura said that founders Luiz Seabra, Guilherme Leal and Pedro Passos would step down from its board, with Chairman Fabio Barbosa also leaving his role
Alessandro Carlucci is set to become chairman
The firm also said that Advent signed a binding agreement to buy an 8%-10% stake in Natura and will be entitled to appoint two members to a new board
Analysts at Itau BBA call the move constructive, saying they add "financial and execution discipline to the board"
Natura's Sao Paulo-listed shares jump 10% in midday trading, reaching levels not seen since July last year
The company is the top gainer on benchmark stock index Bovespa .BVSP, which is up 1.5%
($1 = 5.2125 reais)