Officers, Directors and Committees

Término do mandato: 2027

Education: Master’s degree in Management Systems from Universidade Federal Fluminense in 2006; Bachelor’s degree in Accounting from Faculdades Integradas de Santo Ângelo in 1982; Bachelor’s degree in Business Administration from Faculdades Integradas de Santo Ângelo – FISA in 1980; Postgraduate degree in General Training for Senior Executives from Universidade de São Paulo – FEA/USP in 1996; Postgraduate degree in Financial Administration from Fundação Getúlio Vargas in 1993; Post-graduate degree in Financial Administration from Faculdades Integradas de Santo Ângelo – FISA in 1985; further training in Marketing from Pontifícia Universidade Católica do Rio de Janeiro; IAG/PUG in 1998; further training in Corporate Finance from IE Business School – Colégio de Dirección, in Madrid, Spain in 2001; and further training in GRC – Governance, Risk & Compliance and Corporate Investigations from KBS Business School in 2020 and 2021.

Professional experience: Member of the Board of Directors of Tupy S.A., since May 2023, and President of the Board of Directors since May 2025; Coordinating Member of the Statutory Audit and Risk Committee of Tupy S.A., since May 2023; Advisory Board Member of the Maqnelson Group, since August 2022; Member of the Statutory Audit and Risks Committee of Tupy S.A. between May 2020 and April 2023; Board Member of the Ernesto Borges Advogados organization between August 2020 and February 2022; Board Member of Tupy S.A. between April 2017 and April 2021; Board Member of Renova Energia S.A. in 2019; Statutory Member of the Audit Committee of Icatu Seguros S.A. from 2017 to 2018; Fiscal Advisor at Companhia de Eletricidade do Estado da Bahia – COELBA/Neoenergia from 2016 to 2017; Fiscal Advisor at HRT Participações em Petróleo S.A. in 2013; Fiscal Advisor at Suzano Papel e Celulose S. A. from 2010 to 2013; Audit Director of Companhia Souza Cruz S.A. from 2009 to 2010; Chairman of the Board of Directors of Multi-Rio Operações Portuárias S.A. from 1998 to 2000; Chairman of the Board of Directors of Multi-Car Terminal de Veículos S.A. from 1998 to 2000; Alternate member of the Board of Directors of Companhia Siderúrgica Nacional (CSN) from 1999 to 2000; Alternate member of the Board of Directors of Brasil Veículos Companhia de Seguros from 1999 to 2000; Alternate member of the Board of Directors of BrasilSeg Participações S.A. from 1999 to 2000; Alternate member of the Board of Directors of Companhia de Seguros Aliança do Brasil from 1999 to 2000. He was President of Companhia de Seguros Aliança do Brasil from 2006 to 2008; President of Brasilsaúde Companhia de Seguros from 2003 to 2006; General Director of Banco do Brasil en España from 2000 to 2002; Executive Superintendent of Banco do Brasil’s Distribution Network in 1999; State Superintendent of Banco do Brasil from 1996 to 1998. As a lecturer, he taught the MBA Insurance and Reinsurance Management at the Escola Superior Nacional de Seguros from 2008 to 2019.

Término do mandato: 2027

Education: Graduated in Tourism, Administration, and Business from the Federal University of Paraná; Bachelor in Law from Tuiuti University of Paraná; holds an MBA in Finance from the Federal University of Rio Grande do Sul and a Master’s degree in Administration and Business from Positivo University. In 2020, obtained the certification as Ombudsman from the National School of Public Administration (ENAP).

Professional experience: Currently, serves as a Member of the Board of Trustees of Fundação Banco do Brasil since October 2024 and as a Board Member of Neoenergia since September 2024. Since July 2024, holds the position of Director of Investments at PREVI. Previously, was a member of the Corporate Governance Committee of Cielo from May to August 2024. From December 2023 to August 2024, served as Vice-Chairman of the Board of Directors of Ativos S.A. Also served as Chairman of the Deliberative Council of BB Previdência from August 2023 to August 2024. At Banco do Brasil, worked as Head of Strategy, Clients, and Innovation from April 2023 to July 2024, and as Chief Ombudsman from April 2022 to April 2023. Prior to that, was Executive Manager of the Channels Directorate from January 2019 to April 2022.

Término do mandato: 2027

Education: Degree in Civil Engineering from Escola de Engenharia Mauá, Business Administration from Universidade Mackenzie, Master’s in Controllership from USP and attended INSEAD’s Advanced Management Program.

Professional experience: Member of the Board of Directors of Tupy since April 2017. He was CFO of Marcopolo S.A. between 1997 and 2000 and later CEO of the same company from 2000 to 2015. He was CEO of Santher S/A between 2018 and 2021. He has also been a member of the Board of Directors of Librelato S/A since July 2023.

Término do mandato: 2027

Education: Accountant graduated from UERJ, with an MBA in Finance from IBMEC and CGA, CGE and CFG certifications issued by ANBIMA.

Professional Experience: Worked as an Accountant at IBGE and as an Officer in the Brazilian Air Force and the Brazilian Navy, both in the Complementary Cadre of Intendants. At BNDES since 2004, he has had a long executive career at BNDESPAR, starting as Manager of the Investment Funds Department, later becoming Head of the Department for Monitoring the Portfolio of Closely Held Companies and then becoming Superintendent of the Entrepreneurial Capital Area (2016) and the Capital Markets Area (2019). After working in the Structuring and Divestment Area, he returned to BNDESPAR in 2023 as Head of the Department for Monitoring the Portfolio of Publicly-Held Companies, a position he currently holds. He has extensive experience both on the Boards of Directors of companies invested in by BNDESPAR and on the Investment Committees of Funds invested in by BNDESPAR.

Término do mandato: 2027

Education: MBA, Chicago Booth, BA Economics, PUC-Rio. Designations NACD.DC, CFA (since 1997), and CCA+/CC+ from IBGC.

Professional experience: Over 30 years of experience in capital markets and corporate governance. He led as the President of AMEC – the Association of Investors in Capital Markets from 2012 to 2019, representing about 60 institutional investors with approximately USD 150 billion invested in the Brazilian equity market, aiming to develop the capital market and protect minority shareholder rights. Prior to this, he worked for 18 years in various asset management firms, including Opus, Mauá, Bradesco Templeton, Investidor Profissional, Banco Pactual, and Morgan Stanley Asset Management, among others. Mauro also served as a board member and Chairman of the Board at IBGC – the Brazilian Institute of Corporate Governance, from 2002 to 2009, playing a crucial role in advancing one of the largest corporate governance institutions in the world. In 2013, he became the first independent board member effectively elected by minority shareholders at Petrobras. From 2019 to 2020, he served as Chairman of the Board of Directors at Caixa Econômica Federal and has held board positions in companies such as Vale, brMalls, Totvs, Eletrobras, Usiminas, CESP, Mahle Metal Leve, among others. Currently, he serves on the Board of Directors of Hypera Pharma and Klabin. Additionally, Mauro is a corporate governance consultant and lecturer, through his advisory firm Engage.MC.

Término do mandato: 2027

Education: Degree in Social Sciences from UEM – State University of Maringá; from the International Association of Continuing Education, she has a degree in Finance and an MBA in Finance Management; further training in Management Practices for Sustainable Results from INEPAD – Institute for Teaching and Research in Administration; a specialization in Agribusiness Management from Unyleya; a Master’s Degree in Social Sciences from UEL – State University of Londrina and Investment Certification from Anbima and ICSS. Specialization in Finance, Investments and Banking from PUC – RS. Member of WCD – Women Corporate Directors.

Professional experience: Paula Goto has been working in the financial system for 26 years, serving as General Manager at Banco do Brasil in various Business Units. She is the Planning Director at Previ and its Statutory Risk Manager. She is also responsible for investment policy areas, financial risk analysis, cash flow and liquidity management, strategic and tactical planning, Analytical Intelligence, New Products and Services, UX – User Experience, Projects and Innovation. She was the Chairwoman of the Board of Directors at Tupy from May 2023 to April 2025 and a member of its Statutory Audit and Risk Committee. She was a member of its Strategy, Innovation, and Sustainability Committee and coordinator of the People and Compensation Committee. She is also the Chairwoman of the Fiscal Council at Fundação Banco do Brasil and a member of the Fiscal Council at Lojas Renner. She was the Chairwoman of the Fiscal Council at ANABBPREV Previdência.

Término do mandato: 2027

Education: PhD in Business Administration from the Coppead Institute of Management (2020), with a thesis on Corporate Governance in Brazilian companies. He holds a bachelor’s degree in Computer Science from the Federal University of Rio de Janeiro (1993), a master’s degree in Management from McGill University (2014) and a master’s degree in Business Administration from the Pontifical Catholic University of Rio de Janeiro (2001), with an emphasis on finance, as well as several extension courses in international business and management.

Professional experience: Systems analyst with the National Bank for Economic and Social Development since 1993, with 18 years’ experience in various executive positions at the BNDES, notably in the areas of capital markets, international relations and fundraising. He was also a board member of Totvs S/A from 2009 to 2017 and Vice-Chairman of the Board of Directors of Tupy from April to November 2023.

Término do mandato: 2027

Education: Law degree from the University of São Paulo (2001). PhD in Commercial Law from the University of São Paulo (2007) and in Comparative Law – Université Paris 1 Pantheon-Sorbonne (2007). He is a Lemann Fellow and was a member of the Yale Greenberg World Fellow, a leadership training program at Yale University.

Professional experience: Since 2014, he’s a Professor in the Commercial Law Department at the University of São Paulo, having been approved for a Full Professorship in the same department in December 2022. Specialist in public policy and government management (EPPGG) for the Federal Government, from 2006 to 2016, he was head of the office of the Special Secretariat for Human Rights of the Federal Government, participating in the elaboration of public policies associated with the human rights and minority rights agenda. He was a board member of the Administrative Council for Economic Defense (CADE) between 2008 and 2011, and served as its president between 2012 and 2016. During his time at the head of the authority, he was responsible for negotiating and approving the new Competition Defense Law in the National Congress. He served as Secretary of Economic Law between 2011 and 2012, participating in the construction of the National Consumer Protection Policy. In 2013, he was chosen as one of the 100 Brazilian personalities of the year by Época magazine. He is currently Minister of State for the Controller General’s Office.

Término do mandato: 2027

Education: Administrator from UFV, post-graduate degree in Social Security Management and Pension Schemes from FGF and in Auditing and Controllership from Uninter. Certified Professional with an Emphasis in Administration by the ICSS – Institute for Institutional Certification and Social Security Professionals.

Professional experience: Board member at Jereissati e Iguatemi S/A since April/2021. He was Coordinator of the Banco do Brasil S/A Employees’ Company Commission and Executive Responsible for BB Collective Bargaining at the National Confederation of Financial Branch Workers from June/2014 to July/2019. He has been Security Director at the Banco do Brasil Employees’ Pension Fund – PREVI since August/2020 and was a Deliberative Board Member of the Banco do Brasil Employees’ Pension Fund – PREVI from June/2016 to August/2020.

Término do mandato: 2027

Education: Degree in Engineering from Poli-USP and in Psychology with a Master of Science (MSc) from USP. Holds a CCA certification from IBGC and completed the Advanced Course for Board Members at IBGC.

Professional experience: Experienced as a C-level executive in Finance and Strategy in large national and international conglomerates across sectors such as industrial, chemical, petrochemical, pharmaceutical, construction, environmental services, retail, and education, as well as acting as CEO of a family-owned business. Served as a Board Member at Essencis Ambiental, was secretary of committees and boards at Grupo Pão de Açúcar (CBD), where she led the Strategic Planning Directorate. She is a columnist for Estadão Investidor, a professor of Behavioral Finance and Fintechs at FGV-IDE, a mentor at INSPER, and an instructor for the Board Member training course at StartSe.

Término do mandato: 2027

Education: Electrical Engineer with a specialization in Systems from PUC-RJ (1993) and an MBA in Business Administration from IBMEC-RJ (1998). She is CCA+ certified by IBGC, where she has completed governance training: Board of Directors (2016), Corporate Governance in Family Businesses (2018), ESG: How to Rethink and Innovate Business in a Transforming World (2020), Board of Directors — Special Edition for Instructors (2021), Soft Skills for Board Members (2022), Fiscal Council (2022), Audit Committee (2024), and Climate Governance (2024). She has international training and executive specializations: Authentic Leadership Development (2017) and Disruptive Strategy (2018) from Harvard Business School, Executive Program from Singularity University (2017), Mediation from Instituto Mediare (2018), Risk University from KPMG (2019), ESG Program from Competent Boards (2022), Leadership Essentials for Navigating Complexity and Role of the Chair from the Institute of Directors – IoD (2023), Brain-Based Communication Skills from the NeuroLeadership Institute (2024), Related Party Transactions from Capital Aberto (2024), Doing Business in China Programme from the School of Economics and Management/Tsinghua University (2024), and Digital Transformation: Leading Yourself, Your Board, and Your Business from Melbourne Business School (2025).

Professional Experience: She served as an Independent Board Member at SulAmérica, where she also acted as Chair of the Sustainability Committee and Chair of the Deliberative Council of the SulAmérica Institute from November 2019 to December 2022. She was an Independent Board Member at CHESF from November 2021 to October 2022 and at Desktop from May 2022 to April 2023. She served as a Fiscal Council Member at Petz from May 2022 to April 2025. She has been an Independent Board Member at Núclea since August 2023, where she is Chair of the Audit and TPR Committees, and at Safira since July 2024. At IBGC, she was a member of the Innovation and Health Commissions, as well as serving as Coordinator of the RJ/ES Chapter from July 2019 to May 2022 and Coordinator of the Chapter Zero Brazil Board Members Forum from March 2021 to February 2023.

Término do mandato: 2027

Education: Graduated in Science/Mathematics from the Center of Higher Studies of Londrina (1987) and in Business Administration/System Analysis from UEL (1992), with a specialization in Total Quality and Reengineering from Unopar (1996) and in Central Bank Accounting and Auditing from UnB/UniBacen (2002). Postgraduate in International Accounting from Fipecafi-USP/Fucape Business School/UniBacen (2011). Holds an International Master’s degree in Auditing and Business Management from Universidad Europea del Atlántico (Spain – 2024).

Professional experience: Served as a Member of the Board of Directors at Grupo Hospitalar Conceição (GHC) from 2017 to 2019 and participated in the Board of Directors at Indústria de Material Bélico do Brasil (IMBEL) from 2015 to 2017. Was an Alternate Fiscal Council Member at the National Center for Advanced Electronic Technology S.A. (Ceitec) from 2021 to 2023. Since 2024, has been a Member of the Audit and People, Eligibility, Succession, and Compensation Committees at FINEP (Funding Authority for Studies and Projects) and ABGF (Brazilian Fund and Guarantee Management Agency). Since 2022, has held the position of Investment Risk Coordinator at the Pension Fund for Federal Executive Public Servants (Funpresp-Exe), and since 2023, has been a Full Member of both the Information Technology Committee and the Investment Risk Committee. Previously, served as the General Coordinator of State Enterprises Evaluation and Monitoring at the Secretariat for Coordination and Governance of State Enterprises (SEST) from 2013 to 2022. Also served in the area of supervision of the National Financial System at the Central Bank of Brazil, between 1998 and 2013.

Término do mandato: 2027

Education: Graduated in Mechanical Engineering (1984) and holds a Master’s degree in Production Engineering/Finance (1989), both from PUC-RJ. He earned his doctorate in Administration/Strategy at FGV EAESP (2008) and has specializations in Administration from Harvard (PMD99) and Wharton (AMP01). He has been a certified board member by IBGC since 2010 and has extensive international publications in Harvard Business Publishing.

Professional experience: Acts as a member of Boards of Directors since 2006, currently holding positions on the Boards of Vittia and Brado Logística, Usiminas e Azul. He has previously served on the Boards of Directors of Invepar, Grupar, Light, Naturgy, Oi, EMGEA, BR Insurance, Tupy, Itacaré Capital, Saraiva, Metalfrio, and Banco Nossa Caixa. Additionally, he has served or is serving as a Fiscal Council Member at Bradespar and Embratel, as well as on the Advisory Boards of Belliz Company, Editora do Brasil, and LABSSJ, and as a Volunteer at AACD. As a board member, he participates in committees focused on finance, audit, people and governance, strategy, and sustainability in several the above mentioned companies.

Between 1985 and 2001, Ricardo worked as an executive in the areas of corporate finance, investment banking, and strategic planning at Itaú, Garantia, and ABN Amro banks. He was also a senior researcher at Harvard Business School – LARC from 2002 to 2014.

Término do mandato: 2028

Education: Graduated in economics.

Professional Experience: From 2007 to 2025, held strategic positions within the Industry System, serving as Director at the National Confederation of Industry (CNI) and from 2013 to 2025 as Managing Director at the Social Service for Industry (SESI). He also led the National Service for Industrial Training (SENAI National) from 2011 to 2023. During his leadership, he played a central role in modernizing these institutions, focusing on strengthening industrial competitiveness by promoting innovation and workforce education, thereby establishing himself as a national reference in these areas. He also participated in key policymaking bodies, such as the National Council for Science and Technology (CCT) during two terms (2005-2006 and from 2023 onwards) and the National Council of Education (CNE) from 2016 to 2021. Since the founding of the Brazilian Company of Research and Industrial Innovation (Embrapii) in 2013, he has been a member of its Board. On the international stage, he served as Brazil’s official delegate to WorldSkills from 2011 to 2023 and was a member of the competition’s global board from 2012 to 2016. From 2021 to 2023, he was Co-President of the World Economic Forum’s Competence Accelerator in Brazil. His experience also includes prominent positions in the governance of financial and development institutions: he was Chairman of the Board of BNDES and President of the FGTS Fund Committee at Caixa Econômica Federal. Currently, he is part of various strategic forums, including the National Council for Industrial Development (CNDI/MDIC), the Deliberative Council of the Brazilian Industrial Development Agency (ABDI), the Director Council of the National Industrial and Technological Development Fund (FNDIT/MDIC), the Advisory Council of FINEP, and the Superior Economic Council of FIESP (COSEC). A recognized speaker and lecturer, he is a frequent participant in national discussions on industrial policy, economic development, innovation, and education, contributing to events such as LIDE, CNN Talks, and public hearings in the National Congress.

Término do mandato: 2028

Education: Degree in Mechanical Engineering from Faculdade de Engenharia Industrial/SP in 1991.

Professional Experience: Vice President of Commercial (previous Vice-Presidency of Sales) of the Company since April 2024. He held the position of Commercial Vice President from April 2019 to April 2024 at the Company, and Chief Operating Officer at the Austrian company Voestalpine from 2017 to 2019, leading six business units in North America dedicated to the distribution of specialty steels and value-added services. Between 2007 and 2017 he worked at Gerdau in the Specialty Steel division, initially as Commercial Director in Brazil until he was transferred in 2013 to the US unit, where he held the positions of Marketing and Business Development Director and, from 2014, Vice President of Sales and Marketing. From 1996 to 2007 he worked at ZF Friedrichshafen, holding various sales positions in Brazil and the USA, until in 2001 he took over as General Manager of the Off-Highway Axles and Transmissions Division in Brazil, also holding the position of Purchasing Director for South America between 2005 and 2007.

Término do mandato: 2028

Education: Degree in Mechanical Engineering from the State University of Santa Catarina – UDESC, post-graduated in Business Administration from the University of the Joinville Region and post-graduated in Production Engineering from the Federal University of Santa Catarina – UFSC.

Professional Experience: Vice President of Operations since April 2024, having served as Tupy’s Brazil Manufacturing Director from 2019 to April 2024, the Company’s Corporate Manufacturing Director from 2017 to 2019 and the Company’s Brazil Manufacturing Director from 2015 to 2017. He has previously held the positions of Planning Manager (from 2013 to 2015), Production Manager (2005 to 2013), Production Coordinator (2013 to 2005), Manufacturing Engineering Coordinator (2001 to 2003) and Process Engineer (1998 to 2001).

Término do mandato: 2028

Education: Degree in Economics from Universidade Presbiteriana Mackenzie and has a postgraduate degree in Finance (Certificate in Financial Management – CFM) from Insper.

Professional Experience: Vice President of Finance and Administration of the Company since April 2024, having served as Treasury Director of Tupy from 2021 to April 2024 and Company’s Financial Planning Manager from 2018 to 2020. He was Head of Treasury (2015 to 2018) at Rumo, Corporate Finance Manager (2014 to 2015) at Avianca and Operations Manager (2011 to 2014) at Embraer.

Término do mandato: 2028

Education: Degree in Business Administration from Positivo University, MBA in Strategic Business Management from FGV, MBA in Global Business Program from University of Miami and participated in the MicroMaster’s Credential specialization program in Supply Chain Management from Massachusetts Institute of Technology – MIT.

Professional Experience: Vice President of Procurement and Logistics since April 2024, having served as the Company’s Domestic Market Sales Director from 2021 to April 2024, the Company’s Corporate Indirect Purchasing Manager in 2020 and the Company’s Indirect Purchasing Manager from 2018 to 2019. At Rumo ALL, he held the positions of Corporate Supply Manager (2015 to 2018), Corporate Budget, Indemnities and Diesel Manager (2013 to 2015) and Corporate Supply Manager (2012 to 2013).

Término do mandato: 2028

Education: Degree in Business Administration from Universidade Estadual do Oeste do Paraná and Faculdades SPEI Curitiba-PR, Degree in Financial Administration from FGV, MBA in Agribusiness from Escola Superior de Agricultura Luiz de Queiroz and MBA in Basic General Training for Senior Executives from FGV.

Professional Experience: Executive with Over 30 Years of Career Experience. Former CEO of PREVI (2015–2018), CEO and Director at PicPay (2019–2020), Chairman of Vale (2015–2019), and Vice President and Director at Banco do Brasil (2010–2018), with experience in credit, products, clients, and real estate. Since July 2024, act as Vice President of Innovation and New Business at Tupy/MWM. At Tupy, also held positions as Chairman of the Board of Directors (2019–2021), member and external consultant for the Strategy and Innovation Committee (2019–2023), and the Strategy, Innovation, and Sustainability Committee (2023–2025). Currently, serves as an Independent Director at Banco BMG (since 2022) and at Liderança Capitalização (since 2021), in addition to having served as Fiscal Councilor of Vibra Energia (2023–2025). Has extensive experience in corporate governance, having chaired the boards of Vale, Tupy, Invepar, and Abrapp, as well as served on the boards of companies such as Cielo, BB Seguridade, Vibra, and various startups. Possesses a solid track record in digital transformation, finance, energy, and agriculture, with strong strategic and institutional performance.

Término do mandato: 2028

Education: Degree in Mechanical Engineering from Universidade Federal do Rio Grande do Sul with specialized studies in Automotive Engineering and Engine Engineering at the University of Stuttgart.

Professional Experience: Vice President of Institutional Relations and Sustainability since september 2024. He held the position of CEO at Doppelmayr Brasil for 12 years (2012-2024), General Manager at Doppelmayr Peru S.A.C for 6 years (2017-2024). He was owner of IT companies in Brasilia (2008-2014). He also held different positions within the Truck Development area at Daimler AG in Stuttgart (2002-2007).

Término do mandato: 2026

Education: Graduated in Mechanical Engineering from the State University of Campinas – UNICAMP; attended the “Advanced Management Program (AMP)” at Harvad Business School – HBS/USA; attended the “Program Executive Development (PED)- IMEDE/Switzerland”; and post-graduate courses in Production Engineering and Transport Engineering at COPPE/Federal University of Rio de Janeiro.

Professional experience: Managing partner of Athena Consultoria Empresarial, full member of the Supervisory Board of Tupy, current chairman, full member of the Supervisory Board of Companhia Energética de Brasilia (CEB), served as an effective member of the Board of Directors of Tupy and of the Board of Directors of TELET and AMERICEL (Telecommunications), served as Director of the Federation of Passenger Transport of the State of Rio de Janeiro, worked at Xerox Corporation in Brazil and began his career at General Electric do Brasil.

Término do mandato: 2026

Education: Law degree from Centro de Estudos Superiores de Maceió – CESMAC (1993), Civil Engineering degree from Universidade Federal de Alagoas (1995); AMP from Harvard Business School – HBS – USA – 2009 and specialization in strategic management from INSEAD – France (2006). He also has a postgraduate degree in economics from GOGEAE – PUC/SP (2002) and an MBA in corporate finance from IAG – PUC/RJ (2004).

Professional experience: He was Director of Administration at Previ-BB from 2003 to 2010 and President of BRF Previdência from November 2012 to April 2018. At BRF S.A. he was Vice-Chairman of the Board of Directors from 2009 to 2011. He was a Board Member of Perdigão S.A. from 2003 to 2009 and a Board Member of Kepler Weber from 2011 to 2014. At Invepar S.A. he has been a member of the Human Resources and Governance Committee since April 2021 and of the Finance and Investment Committee from May 2019 to March 2021.

Término do mandato: 2026

Education: Graduated in Civil Engineering with an emphasis on Transportation from UERJ. Master’s degree in Transportation Systems from the Military Engineering Institute. Postgraduate in Economic Development from IE/UFRJ. He has an MBA in Finance from COPPEAD/UFRJ and an MBA in Business from IAG/PUC-RJ. He is currently a Ph.D. Candidate in the joint doctoral program of the Universities of Lisbon, Porto, Coimbra and MIT, and a research fellow at MIT Portugal.

Professional experience: He joined the BNDES in 2003, having worked in different areas, including the Urban Development Department, the Infrastructure and Logistics Department, and the Board of Directors, where he held the position of Manager of the Services Export Department. He has also worked as an advisor to the Board of Directors. He currently holds the position of advisor to the President of the BNDES, where he is responsible for directly advising the President and coordinating strategic projects.

Término do mandato: 2026

Education: Graduated in International Relations from IESB and in Chemical Engineering from UFRN, with a specialization in Political Science from UNB. Holds an MBA in Foreign Trade, Exchange and Commercial Negotiations, an MBA in Economic and Business Law, and an MBA in Accounting Sciences from FGV. Member of IIA Brasil – Institute of Internal Auditors of Brazil, WCD Women Corporate Directors, and IBGC, certified by IBGC as an Experienced Audit Committee Member, Board Member, and Experienced Fiscal Council Member. Currently serving as coordinator of the Brasília Chapter at IBGC.

Professional experience: Member of the Audit Committees of EMBRAPA and of Personnel, Eligibility, Compensation and Succession of EMGEA. He was a member and chairman of the Audit Committee of the Brazilian Company of Hemoderivatives and Biotechnology – Hemobrás and a member of the Audit Committees of Telecomunicações Brasileiras S/A – TELEBRAS, Pension Information and Technology Company – Dataprev, Asset Management Company S/A – Emgea and Santos Port Authority – SPA, as well as a member of the Personnel, Eligibility, Compensation and Succession Committees of HEMOBRAS and TELEBRAS. He served on the fiscal council for over 20 years, as a full member, such as: IRB (Re) – Brazilian Reinsurance S/A, Amazonia Defense Technology Company – AMAZUL, Amazon Bank S.A – BASA, Bank of Northeast of Brazil – BNB, Rio Grande do Norte’ s Port Authority – CODERN.

Término do mandato: 2026

Education: Bachelor’s degree in Economics from Instituto Santanense de Ensino Superior – Uni Sant’Ana, Bachelor’s degree in Accounting from Faculdades Metropolitanas Unidas “FMU,” and Postgraduate degree in High Impact ESG from the Business Behavior Institute of Chicago. She completed courses in Practical Fiscal Council at IBGC – Brazilian Institute of Corporate Governance, Financial Mathematics at Fundação Instituto de Pesquisas Contábeis, Atuariais e Financeiras – FIPECAFI, Introductory Accounting at Fundação Instituto de Pesquisas Contábeis, Atuariais e Financeiras – FIPECAFI, Tax Retention and Issuance of Invoices, SPED/NF-e, Digital Fiscal and Accounting Bookkeeping.

Professional Experience: Since 2015, she has been serving on Fiscal Councils of Public and Private Corporations, with an emphasis on corporate governance and ESG. She was a member of the Fiscal Council at Companhia de Saneamento do Estado de São Paulo – SABESP, Banco do Estado do Rio Grande do Sul AS – BANRISUL, AES Tietê Energia S.A, among others. Currently, she is a member of the Fiscal Council at São Martinho SA, WLM Participações e Comércio de Máquinas e Veículos SA, Bicicletas Monark SA, Rossi Residencial SA, Minupar Participações SA, Terra Santa Propriedades Agrícolas SA, Pettenati Indústria Têxtil SA, Companhia de Ferro Ligas da Bahia, Kepler Weber SA, Irani Papel e Embalagem SA, Mahle Metal Leve SA, Tupy SA, Paranapanema SA, indicating a broad and diversified experience across various sectors.

Término do mandato: 2026

Education: Graduated in Economics from PUC-Rio (1997–2000). Completed an Executive MBA and a Master’s in Business Administration with an emphasis on Finance at the Coppead Institute (2005 and 2007–2008, respectively).

Professional experience: Serving as an Economist at BNDES since August 19, 2002. Throughout his 22-year tenure, he has held various technical and executive positions across multiple departments. His notable roles include over 8 years in capital markets activities as Department Head, Manager, Director’s Advisor, or Technician, managing equity stakes in public and private companies and funds. Significant experience includes approximately 5 years as Department Head and Manager of BNDES’s International Area, including 3.5 years at BNDES’s London subsidiary, 3 years as Manager of the Foreign Trade Area, and a total of 5 years as an advisor to 4 different directors who oversee operational areas such as Energy, Infrastructure, Industry, and Socioenvironmental Management, in addition to his work in the Capital Markets Directorate. Initially, he began his career at BNDES as a technician in the Financial Area. During this period, he also served as a representative appointed by BNDES on investment committees of certain private equity and venture capital funds within its portfolio and as a Board Member for invested companies. Currently, he works as an advisor in the Financial and Capital Markets Directorate and serves as a regular member of the Fiscal Council at Copasa. Prior to joining BNDES, he worked as a consultant at Booz Allen & Hamilton from 2001 until July 2002, involved in strategic consulting projects related to the financial sector.

Término do mandato: 2026

Available at the Board of Directors section.

Término do mandato: 2026

Available at the Board of Directors section.

Término do mandato: 2026

Education: Law degree from Centro Universitário de Anápolis, with a specialization and master’s degree in Public Administration from Fundação Getúlio Vargas (FGV).

Professional experience: Member of the Risk and Capital Committee of Branco do Brasil and National Treasury Attorney, assigned to the General Coordination of Corporate Affairs of the National Treasury Attorney General’s Office. She worked in the PGFN’s Corporate Management Department, as Director of Corporate Management, and in the Federal Attorney General’s Office, as Secretary-General for Administration. She also worked in the defense area of the National Treasury Regional Prosecutor’s Office for the 1st Region. She has served as Chairman of the Board of Directors of Banco do Brasil and was a member of the Board of Directors of Petrobrás, Empresa Baiana de Água e Saneamento S/A (EMBASA), Serviço Federal de Processamento de Dados (SERPRO), and on the Supervisory Board of BB Gestão de Recursos – Distribuidora de Títulos e Valores Mobiliários S.A (BB DTVM) and Valec Engenharia, Construções e Ferrovias SA. He has also served on the Sustainability Committee of Banco do Brasil and the People and Eligibility Committee of Petrobrás. She also has 9 years’ experience as a lawyer, having worked in law firms providing legal advice to cooperatives in the areas of health insurance, real estate and condominium law, as well as providing legal advice in the areas of civil, family, labor and public law to city halls in the state of Goiás and worked for 9 years in the administrative area of the Evangelical Hospital in Anápolis/GO.

Término do mandato: 2026

Education: Degree in Business Administration from Instituto de Ensino Superior IMES; Bachelor’s Degree in Accounting from Pontifícia Universidade Católica de Campinas; MBA in Finance and Controllership from Universidade Federal de Minas Gerais; MBA in Technology and Innovation from Universidade de São Paulo and; Professional Master’s Degree in Corporate Governance from Laureate (FMU). In addition, specialization courses in topics related to Corporate Governance at Yale University, Innovation at Singularity University, as well as Certifications in Board of Directors, Audit Committee and Fiscal Council by IBGC. Corporate Governance Technical Journeys in Germany, USA/Silicon Valley, Israel, Hong Kong and Singapore.

Professional experience: Served as Lead Partner of PwC Brazil for about 30 years until June 2016, including representation in the Global Forum of PwC firms in the areas of Assurance and Operations responsibility as well as in Latin South America until 2010. He has experience on Boards, Committees and Special Forensic Investigation Commissions. He acted as coordinator of the IBGC’s Finance and Accounting Committee from 2014 to 2021, and was, among others, Board Member of Caixa Econômica Federal (CEF), Member of the Independent Investigation Committee of BRF, Member of the Audit Committee, Member of the Risk Management, Finance and Audit Committee of Natura & Co, SulAmérica Seguros S.A., Burger King. He currently sits on the Audit Committee of Tupy S.A., as a member with recognized experience in corporate accounting matters, and of C&A, coordinates the Audit Committee of PREVI and CCR and is Chairman of the Audit Board of Yduqs Educação.

Social and Institutional Activities: He also highlights his social and institutional activities as a member of the Board of Directors of the Brazilian Institute of Independent Auditors; member of the Supervisory Board/Deliberative Council of United Way Brasil; member of the Board of Voting Members of the Accounting Pronouncements Committee Support Foundation; member of the Supervisory Board of the Natura Institute and; member of the Supervisory Board of the Political Action Network for Sustainability. permanent member of the São Paulo Accounting Academy, giving lectures and courses at institutions such as INSPER, IBGC, Sindcon and Convecon.

Término do mandato: 2026

Education: Law degree from the Methodist University of Piracicaba (1992-1996). MBA in Information Technology Governance from Unieuro (2014), MBA in Auditing from the University of São Paulo (1999) and specialization in Finance and Investment Strategy from the Methodist University of Piracicaba (2001).

Professional Experience: Since 2016, he has been responsible for Previ’s Internal Audit area, reporting to the Board of Directors of Latin America’s main Closed Pension Fund. In 2008, he began his career as a manager in the Internal Audit area at Banco do Brasil (BB), leading advisors, auditors, coordinators and managers in activities related to planning, coordinating and carrying out numerous audit assignments, modeling audit methodologies, evaluating risk management and controls at the bank, as well as producing strategic information. He was an internal auditor at BB between 1997 and 2008, with 07 years’ experience working in the tactical-operational segment and 04 years working in the strategic segment of that institution, involving business, support and information technology processes. He has international experience in conducting audit work (BB operation in the USA and Banco Patagonia operation in Argentina). He has experience in process auditing, with a focus on risk and control management and the implementation of continuous auditing and analytics models, and has been a member of the remuneration, audit, risk, governance, administration, investment and security committees since 2018, with a role focused on providing strategic advice to Previ’s Board of Directors on risk and control management. He has been a trainer-educator in the area of internal auditing – Banco do Brasil Corporate University (since 2008). He was a member of the Audit Committee of the Interbank Payments Chamber – CIP (2015-2016) and Coordinator of the postgraduate course in auditing at the Electrical Engineering Department of the University of Brasilia – UNB (2010-2011).

Término do mandato: 2026

Available at the Board of Directors section.

Education: Mr. Carlos Lupi has a degree in Administration, with a full degree in Administration, Economics and Accounting from the Centro Educacional de Niterói (FACEN).

Professional experience: Minister of State for Social Security since January 2023. Former member of the Board of Directors of Tupy S.A (September 2023 – April 2025). He was a member of the BNDES Board of Directors for seven years, as well as chairman of the FGTS Board of Trustees for 4 years and 10 months. He held the positions of Minister of Labor and Employment from 2007 to 2011, Secretary of Transportation for the City of Rio de Janeiro from 1991 to 1992; federal deputy from 1991 to 1995, as well as being the first deputy to Senator Saturnino Braga, before assuming the national presidency of the PDT on June 21, 2004, a position to which he has since been unanimously re-elected. He is currently on leave of absence.

Available at the Board of Directors section.

Available at the Board of Directors section.

Available at the Board of Directors section.

Education: Civil engineer graduated from the Polytechnic School of the University of São Paulo and has a postgraduate degree in Business Administration from CEAG at the Getúlio Vargas Foundation. He completed the Advanced Management Program – AMP and the Corporate Governance course at Harvard Business School and several in-house courses at INSEAD. He is a certified board member of the Brazilian Institute of Corporate Governance (IBGC).

Professional experience: Independent director of Tupy, Ferbasa, Vivix, Vicunha, and Tronox Brasil, and member of FIESP’s Higher Council of Economics. He has been an independent director of Hidrovias do Brasil, Coteminas, Duas Rodas Industrial, Usiminas, Unigel, Log-In Logística Intermodal, M.Dias Branco and T4U (Towers For You) Holding Brasil. He was an advisory board member of Columbia Trading and Alcoa Latin America, as well as an alternate board member of Alpargatas. He was CEO of several companies in Brazil and abroad and a member of the boards of several companies in the Anglo American Plc group, including Anglo American South America, Salobo Metais (a joint venture with Vale), Aracruz Celulose (now Suzano) and Copebrás. He began his career at Price Waterhouse Management Consulting Services.

Education: Biology degree and master’s in business administration from the University of São Paulo – USP. Author of dozens of articles and lectures on governance, strategy, the forestry sector and climate change.

Professional Experience: Member of the Board of Directors of Marfrig (an animal protein company) and Wise Plásticos (a plastics recycling company). Chairman of the Board of the Arapyau Institute, which is the philanthropic arm of Natura’s founder. He is also a member of the Sustainability Committee of SuperBid, an auction platform. He is also a co-founder and member of the strategic and governance nuclei of the Brazil Climate, Forests and Agriculture Coalition and the Concertação pela Amazônia, both business and civil society movements focused on climate change and land use. He has served as a member of the advisory boards of WWF Brasil and the Ethos Institute. He is also an Associated Fellow of Chatham House in London. Previously, he was CEO of the Renova Foundation, the organization responsible for managing the Conduct Adjustment Agreement (TAC) to repair the Mariana Disaster, which occurred in the Rio Doce region. He is also the founder, shareholder and former CEO and Chairman of the Board of Amata S.A., a company in the forestry sector. He also held the position of CEO of Orsa Florestal, working in the forestry, paper and pulp sector. In the field of forest certification, he was Chairman of the International Board of the Forest Stewardship Council (FSC). He was also a member of the International Board of the Global Reporting Initiative (GRI), responsible for sustainability reports. He has also served on the boards of the National Biodiversity Fund (Funbio), the Brazilian Institute of Corporate Governance (IBGC) and other civil society organizations.

Education: Social Communication, Publicity and Advertising degree from Unisul – SC. Postgraduate in Marketing from FAE Business School – PR, with an MBA in Strategic Management from IBMEC/Estação Business School – PR. Master’s degree in consumer behavior from ESPM – SP.

Professional Experience: A career employee of Banco do Brasil for 15 years, he has worked in four states in the commercial (branches), tactical (superintendencies) and strategic (directorate) areas in the retail, government and private segments. He is currently on loan and works as an advisor to the President of Previ. Previously, he worked in institutions such as SESC and Federação do Comércio, and in the retail sector.

Education: Business Administration degree with a major in Science and Technology Policy and Management from the Instituto de Educação Superior de Brasília – IESB. He has an MBA in Finance from the Fundação Instituto de Pesquisas Contábeis Atuariais e Financeiras (FIPECAFI) and an MBA in Agribusiness from the Escola Superior de Agricultura Luiz de Queiroz, University of São Paulo – ESALQ/USP. Currently studying for an MBA in ESG and Sustainability at FGV.

Professional Experience: Manager of the Product Financial Structuring Divisions of Banco do Brasil’s Finance Department, from 2014 to 2020.  Structuring the acquisition of credit portfolios from Financial Institutions; Development of mathematical pricing models for credit products, funding and services; Coordination in the preparation of the Pricing Manual, and the proper mathematical formalization of the models. Coordination of pre-Copom meetings aimed at defining pricing strategies for credit products. Financial structuring of credit products, funding and services for the retail and wholesale segments. Developing a methodology for calculating financial charges for updating credit operations, funding products and services. Coordination/preparation of financial results and subsidies for negotiating interest rate equalization for the Safra Plan with the National Treasury Secretary. Coordination/preparation of the structuring and financial management of directed resources (FCO, FAT and BNDES) for investment credit operations. Participation in technical meetings at the BNDES, CODEFAT and CONDEL/FCO to align new credit lines and settle funding transfer accounts.

Education: Degree in Law from UDF and in Business Administration from UnB. He has a master’s degree in Business Administration from FGV, specialization in Business Administration from USP, in Public Management from Fundace/USP, Marketing from PUC-RJ, an Executive MBA in Financial Business from UFC and extension courses at the University of Chicago Booth School of Business and in Leadership and Innovation from the Harvard Kennedy School. He holds ANBIMA CPA-20, ICSS and IBGC certifications.

Professional Experience: Lawyer, he is the coordinator of the Finance and Investment Committee of Tupy S.A. and former member of the Board of Directors and the Audit and Risks Committee of Tupy. He worked for 37 years at Banco do Brasil, as Corporate Vice-President, Government Director and Executive Manager in the Government and Technology Departments.  He was chairman of the Board of Directors of Previ, a board member of Cielo S.A. and a board member and member of the Audit Committee of Neoenergia S.A. He has served as a member of several boards, including chairman of the Board of Directors of BB Previdência, the Fiscal Council of Previ, BB Tecnologia e Serviços – BBTS, Elo Participações Ltda, Elektro S. A, the Board of Trustees of the Banco do Brasil Foundation – FBB, the National Social Security Council – CNPS, the Board of Directors of the Merchant Marine Fund – CDFMM, the Brazilian Association of Development Banks – ABDE, and the Brazilian Institute of Executives.

Education: Engineer, master’s in business administration, and PhD candidate in Finance.

Professional Experience: Career employee at BNDES since 2009, where he has held various technical and executive positions in the Capital Markets Area (BNDESPAR), participating in mergers and acquisitions, investments, and divestments of companies in the Pulp and Paper, Infrastructure, and Capital Goods sectors. Currently, he is the Manager of Company Monitoring at BNDES, a full member of the Fiscal Council of Brasiliana, and an alternate member of the Fiscal Council of Triunfo Participações e Investimentos. Previously, he served as a member of the Board of Directors of Fibria S.A. and a member of the Fiscal Council of Tupy S.A. Before joining BNDES, he worked in planning and management areas at Banco Santander and Vale.

Education: Accountant graduated from the State University of Rio de Janeiro – UERJ. Holds an MBA in Corporate Finance from IBMEC, CFG Certification from ANBIMA, and Fiscal Council Certification from IBGC.

Professional Experience: Has 25 years of professional experience. Started his career as an investment analyst at PCFG Advisory do Brasil (Private Equity of Grupo Perez Companc). In 2004, he joined BNDES through a public competition, holding the commissioned position of Service Coordinator for over 12 years in the Controllership Area. For the past 7 years, he has been working in the department for monitoring invested companies of the BNDES System (Capital Markets Area – AMC), with over 4 years of experience as a member of the Audit Committee of several companies in the BNDESPAR portfolio, including serving as Committee Coordinator. He held the position of alternate Fiscal Council member at Energisa (2023/2024) and is currently an alternate member of the Fiscal Council of Brasiliana.

Available at the Strategy, Innovation and Sustainability Committee section.

Available at the Strategy, Innovation and Sustainability Committee section.

Education: Economics degree from UFRRJ. Executive MBA in Operations and Services Management from FGV and post-graduate degree in Finance from UCAM. Master’s in Economics with an emphasis on Finance from FGV/EPGE. Certifications: ANBIMA – CPA 10 – ANBID (2016) and ANBIMA – CPA 20 – ANBID (2015).

Professional Experience: He is currently the Executive Manager of Previ’s Equity Department, the area responsible for monitoring the companies that make up the Variable Income portfolio. He has been a full member of the Finance Committee at NEOENERGIA since 2023. Full member of the HMOBI Participações S.A Financial Committee since 2022. Full member of the Advisory Board of the Carbon Disclosure Project – CDP since 2022.

Available at the Board of Directors section.

Education: Ms. Anielle Franco is an educator with a bachelor’s degree in journalism and English from North Carolina Central University and a bachelor’s degree in English and literature from Rio de Janeiro State University. Master in ethnic-racial relations (CEFET/RJ) and PhD student in applied linguistics (UFRJ). She was a scholarship student in the United States, attending various universities such as Navarro College in Texas, Louisiana Tech University, North Carolina Central University and Florida A&M University.

Professional experience: Current Minister of Racial Equality of Brazil and member of the Board of Directors of Tupy S.A since September 2023. Founder and former director of the Marielle Franco Institute. She was a fellow of the Ford Foundation and the Open Society Foundation. She was an advisor to civil society organizations such as Instituto Peregum, Mulheres Negras Decidem, Datalab and helped create Casa Sueli Carneiro.

Education: Lawyer, Law Degree from the Candido Mendes Law School (RJ) in 1984, with several specialization courses, including the Stanford Executive Program 2003, at the School of Business Standford University, state of California/USA. She specializes in corporate law and capital markets, with a focus on mergers and acquisitions in Brazil and abroad and capital markets operations, through the issue of securities (public offerings (IPO) and private offerings).

Professional Experience: At Tupy S.A., she has been a member of the People, Culture and Governance Committee since June 2023, and held the positions of member of the Board of Directors from May 2019 to April 2023; member of the Governance and People Management Committee from May 2019 to May 2021; Coordinator of the Governance and People Management Committee from May to August 2021; Coordinator of Tupy’s Corporate Governance Committee from August 2021 to April 2023; permanent guest of the People and Remuneration Committee from August 2021 to April 2023; and ad hoc member for transactions and fundraising issues of the Finance Committee from August 2021 to April 2023. She has served as Legal Director of Companhia Siderúrgica Nacional and Embratel Participações S.A. and as a member of the Board of Directors of JBS S.A., Itá S.A., Tele-Norte Celular Participações S.A., Light S.A. and Metropolitana S.A. (the latter two as an alternate member). She is a founding partner of Azeredo Santos & Ugatti Peres Advogados, a boutique law firm specializing in corporate (mergers and acquisitions) and capital markets transactions, and a founding partner of Tiba Assessoria Ltda., an economic, legal and financial advisory firm on mergers and acquisitions.

Available at the Board of Directors section.

Education: Lawyer graduated from UNIRIO and social scientist graduated from UERJ. Holds a postgraduate degree from the School of Magistrature of the State of Rio de Janeiro, an LLM in Corporate Law and Capital Markets from IBMEC, and an Executive MBA from COPPEAD – UFRJ, with an emphasis on ESG (Environmental, Social, Governance).

Professional Experience: Joined BNDES through a public competition in 2011 and has been serving as Coordinator of Services in the department of follow-up of invested companies of the BNDES System for the past three years, previously having served as coordinator in the Capital Market Superintendency. Through a secondment, worked for one year at the Brazilian Securities Commission (CVM) with the Superintendency of Company Registration (SRE), focusing on the analysis of Public Offering requests.

Education: Production Engineering degree from Universidade Federal Fluminense – UFF in 2004. He has an Executive MBA in Business Management from IBMEC RJ and has been a Six Sigma Green Belt specialist since 2004.

Professional Experience: Director of Compensation & Performance, Labor & Union Relations and Organizational Architecture at Globo – Media Tech since April 2018. Prior to holding this position, he served as Executive Director of the People Advisory Services practice at EY – Consultoria e Auditoria from October 2016 to April 2018. He was Remuneration Manager and Director of Remuneration, HR Planning and Management at Oi Telecomunicações from May 2009 to June 2013 and from September 2013 to October 2016, respectively. He was Remuneration, Benefits, Payroll and Fleet Manager at L’Oreal Cosméticos from January 2008 to May 2009.

Education: Law degree from the Associação de Ensino Unificado do Distrito Federal – AEUDF. Post-graduate degree in Banking Administration from the Association of State Commercial Banks (ASBACE) in association with the Public Servant Training Center Foundation (FUNCEP). Specialist in General Training for Senior Executives at Banco do Brasil – Brazilian School of Public Education of the Getúlio Vargas Foundation – FGV (Rio de Janeiro). Specialist in Marketing for Senior Executives at Banco do Brasil, from the Postgraduate and Research Institute in Administration at the Federal University of Rio de Janeiro – COPPEAD/UFRJ.

Professional experience: He joined Banco do Brasil – BB in 1975, through a public examination, where he remained for 35 years, specializing in People Management. As Executive Manager, the last position he held at Banco do Brasil, he was responsible for policies and strategies in the People Management area, as well as coordinating the area’s 19 regional bodies. In this role, he also coordinated the process of integrating the banks acquired at the time by BB (Banco do Estado do Piauí – BEP, Banco do Estado de Santa Catarina – BESC and Banco Nossa Caixa – BNC), in the processes relating to the People Management area. On the Advisory Board of the Banco do Brasil Employee Assistance Fund (CASSI), he served as a full member representing Banco do Brasil for five years. In 2010, he took up the position of Executive Manager at Cooperativa de Economia e Crédito Mútuo dos Funcionários das Instituições Financeiras Públicas Federais Ltda., where he remained for 7 years and was responsible for all processes in the People Management area. He was then hired as a manager at BB Tecnologia e Serviços (BBTS), where he stayed for two years.