Management - Alpargatas RI

Executive Board

The executive officers are responsible for running the businesses and for ensuring that the Company pursues its established objectives and executes the deliberations of the Board of Directors. There are eleven executive officers. The three statutory executives are chosen by the Board of Directors and exercise a one-year mandate that it renewable. The executives meet once in a week to oversee businesses activities.

Liel Miranda CEO* See more
André Natal Financial and Investor Relations VP* See more
Marco Aurelio Vidal Global VP of People* See more
Gabriel Aver Industrial VP See more
Adriano Negrão Supply Chain VP See more
Maria Fernanda Albuquerque Global Marketing VP See more
Mauro Alarcon Technology VP See more
Fernando Rosa Brazil VP See more
Harm Van de Camp Europe VP See more
Carlos Paschoal International Distributors Markets VP See more
Sandro Ribeiro United States of America VP See more

Liel Miranda

CEO*

Liel Miranda has over 30 years of experience in executive roles, focusing on commercial and supply chain areas. With a background in administration, he joined Souza Cruz as a trainee in 1992, holding commercial positions in countries such as Brazil, China, Canada, and England, in addition to serving as president of the company in Brazil. In 2019, he took on the challenge of presiding over Mondelēz, a position he held until December 2023. Liel has been the CEO of Alpargatas since February 2024.

André Natal

Financial and Investor Relations VP*

André Natal is a Production Engineer from the Federal University of Rio de Janeiro – UFRJ, and holds a Master’s in Business Administration from COPPEAD and an MBA in Finance from the same institution, in addition to extensions from The Oxford-Princeton Programme. With over 20 years of professional experience, he has held various executive and financial positions in industry, consulting, investment banking, and asset management. In the last four years as CFO of Vibra Energia, he directly led public offerings of shares totaling more than R$20 billion, cost reduction processes, strategic acquisitions, and liability management, among other relevant projects. He was a board member at Targus and currently sits on the boards of Comerc Energia, Zeg Biogás, Evolua Etanol, and the Brazilian Institute of Petroleum.

Marco Aurelio Vidal

Global VP of People*

Economist from PUC Minas, with an Executive MBA in Business Management (FGV/Ohio University) and specializations in Compensation (Harvard Business School) and Management (Wharton School). He has over 25 years of experience in business management, people, and organizational culture, with a career built at Falconi Consulting and Arezzo&Co, where he led strategic areas such as People, Sustainability, Governance, and Expansion. Since May 2025, he has been the Global Vice President of People at Alpargatas, leading the People First agenda, the evolution of organizational culture, and the company’s performance management.

Gabriel Aver

Industrial VP

Bachelor in Chemical Engineering and MBA from the Federal University of Paraná, he served as Regional Director of Supply at Ambev. Gabriel joined Alpargatas in October 2022 as Industrial VP.

Adriano Negrão

Supply Chain VP

With over 20 years of experience in Supply Chain in leadership, planning, and logistics positions, Adriano is a civil engineer graduated from USP, with an MBA in Management and executive training at MIT, Stanford, and Darden. He is a Certified Innovation Advisor (C2i) and a mentor at Insper. He has held global positions at ABInbev for the consolidation of operations in more than 15 countries.

Maria Fernanda Albuquerque

Global Marketing VP

Mafê, as she likes to be addressed, holds a degree in Marketing from ESPM, Communication from FAAP and an MBA in Marketing from the University of São Paulo. She has been working in the marketing segment of large companies for over 18 years, such as Vivo, Ambev and Alpargatas, where she has been since the beginning of 2020. She holds the position of Global VP of Marketing at Havaianas and is responsible for leading efforts in brand building strategy, HAVALOVERS expansion, product innovation pipeline and user experience. Mafê was recognized as one of the Women to Watch in Brazil. Married to Cris and Oli’s mother, she loves to travel with them and shares her – not obvious – travel tips on the profile @the.insider.travel, on Instagram.

Mauro Alarcon

Technology VP

Graduated in Computer Engineering, with an MBA in Marketing and Technology Applied to Business, and specializations in Leadership, Innovation, Agile Methodologies, and Emerging Technologies, Mauro has 25 years of experience in the technology sector. He has worked in global companies such as Pirelli and M. Dias Branco, leading large teams and projects in Brazil and abroad. Among his key achievements are leading the Industry 4.0 journey at Pirelli, connecting factories and digitizing processes with mobile devices; driving the agile transformation in the IT department, increasing productivity by 14% with Scrum; and implementing technologies to improve consumer experience at points of sale. As CIO of M. Dias Branco, he led the Digital Agenda program, implementing more than 38 systems and replacing the Oracle ERP with SAP S/4HANA in the Rise with SAP model, covering 18 factories, 33 distribution centers, and over 10,000 users, transforming the company both culturally and digitally.

Fernando Rosa

Brazil VP

Fernando has over 20 years of experience leading sales, marketing, and commercial areas, with stints at Coca-Cola, BRF, Pepsico, Danone, and as President of Kraft Heinz in Brazil, where he was responsible for leading the company in strengthening its brands and expanding its product portfolio in the market. His strategic vision in business leadership, ability to mobilize teams, and expertise in people management and building winning teams will be essential for the brand’s current phase in Brazil.

Harm Van de Camp

Europe VP

Harm Van de Camp holds a degree in International Business Management from Haarlem Business School, the Netherlands, and a diploma in International Management from Bucks College, England. With around 30 years of experience, his career includes management and leadership roles in sales and marketing at companies like KPN Telecom and Nike. He excelled as General Manager & General Partner of EMEA at Nike, leading teams across Europe.

Carlos Paschoal

International Distributors Markets VP

Carlos Paschoal holds a degree in Business Administration from FGV, with a specialization in Finance from the same institution, and completed postgraduate studies at Harvard and UCLA in the United States. He spent more than 15 years in the industrial sector, working at companies such as Whirlpool and Sony, where he ultimately became LATAM President of PlayStation. After this long period, he shifted his career focus to retail, becoming CEO of Camicado and Executive Director of the Kopenhagen Group (Brazil Cacau BU).

Sandro Ribeiro

United States of America VP

Sandro Ribeiro is an executive with 25 years of experience across Brazil, North America, Latin America, and Europe. He is currently the President of Havaianas North America & Caribbean, leading the brand’s transformation with a focus on growth, profitability, and channel expansion.

He holds a degree in Business Administration and has built his career at Reynolds American, British American Tobacco, and Souza Cruz, where he led operations worth up to US$11 billion and managed teams of over 2,000 professionals. Fluent in English, Spanish, and Portuguese, he holds an MBA in Marketing from COPPEAD/UFRJ and has completed executive education programs at Harvard, IMD, and the Disney Institute.

Board of Directors

It has eight members, two of whom are independent and elected by minority common shareholders and preferred shareholders. They are responsible for defining the long-term strategy and choosing the Board of Executive Officers, in addition to deciding on matters relevant to the Company’s business and operations.

Itaú Unibanco Holding S.A.: Member of the Board of Directors since June 2017; Member of the Strategy Committee since May 2017. Main activity of the company: Multiple-service banking, with commercial portfolio. Banco Itaú BBA Creditanstalt S.A.: Economist (2002 to 2003). Main activity of the company: Multiple-service banking, with investment portfolio. Iupar – Itaú Unibanco Participações S.A.: Officer since June 2018; Member of the Board of Directors from June 2015 to June 2018. Main activity of the company: Holding company. Brasil Warrant Administração de Bens e Empresas S.A.: Officer (current position). Since 2013, he has been co-responsible for the management of BW Gestão de Investimentos (BWGI) and Member of the Investment (CO-CIO), Risk and Operational committees; Member of the Advisory Board of Cambuhy Agrícola and responsible for the monitoring of the other subsidiaries of BWSA. Main activity of the company: Holding company of non-financial institutions. Cambuhy Investimentos: Partner since 2013; Member of the Investment Committee since 2013; Member of the Board of Directors of the investee Parnaíba Gás Natural between 2014 and 2017. Main activity of the company: Consulting in corporate management. J.P. Morgan Chase, NY, U.S.: Investment Banker (2011 to 2013). ForeSee Asset Management, State of São Paulo, Brazil: Chief Economist (2003 to 2005). Academic background: Bachelor’s degree in Economics from INSPER (IBMEC-SP), State of São Paulo, Brazil (2003); Master’s degree in Economics from Columbia University, GSB, NY, U.S. (2007); Master’s degree in Finance from Columbia University, GSB, NY, U.S. (2009); and Postgraduate degree in Economic Theory from the University of São Paulo, School of Economics and Administration, State of São Paulo, Brazil (2012).

He has been a Member of the Board of Directors of Alpargatas S.A. since September 2017, a Member of the Strategy and People Committee since October 2017, and of the Statutory Audit Committee since April 2018. He has served as Alternate Member of the Board of Directors of Copa Energia S.A. since May 2021, having been a Full Member from December 2020 to April 2021; Member of the Board of Directors of Aegea Saneamento e Participações S.A. since July 2021; and Managing Director of Rudric Ith Participações Ltda. since April 2005.

He is a Member of the Board of Directors (Executive Director) of Itaúsa S.A. since May 2011, having served as Alternate Member from April 2009 to May 2011. He has held the position of Executive Vice President since May 2022, having served as Vice President Director from May 2015 to April 2022. He has also been Chairman of the Board of Directors of Instituto Itaúsa since 2023. Additionally, he is a Member of the Strategy and New Business and Governance and People Committees since May 2021; Member of the Sustainability Committee since May 2021, having served as Co-Coordinator from August 2022 to May 2023; Coordinator of the People and Ethics Commission since April 2017; Member of the Finance Commission since April 2017, and its Coordinator since May 2021; Member of the Audit and Risk, and Investment Commissions since April 2017; of the Capital Markets Commission since May 2009; of the Sustainability Commission since June 2019; and of the Corporate Governance Commission since July 2020.

At Dexco S.A., he has been a Member of the Board of Directors since August 2009 (as Alternate since July 2024); Member of the People, Governance and Nomination Committee since May 2020, having previously served from April 2018 to May 2019 and from November 2009 to May 2017; and Member of the Sustainability Committee since November 2009, serving as Chair from May 2019 to August 2023. He was a Member of the Finance Committee from December 2021 to August 2023; Member of the Audit and Risk Management Committee from November 2009 to March 2022; and Member of the Disclosure and Trading Committee (currently the Disclosure and Nomination Commission) from May 2019 to May 2020, and also from May 2017 to April 2018, April 2015 to April 2016, April 2013 to April 2014, May 2011 to April 2012, and November 2009 to April 2010.

He is also the President of Instituto Itaúsa since June 2023; Member of the Board of Trustees of Fundação Itaú since May 2019; Member of the Board of Directors of Instituto Unibanco since April 2014; Member of the Board of Associação Pró-Dança; Member of the Advisory Board of Sociedade de Cultura Artística since June 2020; Member of the Board of Directors of IEDI – Institute for Studies in Industrial Development since August 2015; Member of the Governance Board of Todos Pela Educação since April 2019; Member of the Fiscal Council of Instituto Yandeh since August 2017; Member of the Advisory Board of IBÁ – Brazilian Tree Industry since December 2017; Member of the Young Presidents Organization – YPO/WPO since December 2011; President of Associação Comunitária Despertar since April 2020; Member of the Board of Directors of Todavia Livros since March 2018; and Member of the Board of Directors of Tempo Livre PTE Ltd (“Cariuma”) since December 2017.

He holds a Bachelor’s degree in Business Administration from the São Paulo School of Business Administration – EASP/FGV – Fundação Getulio Vargas, from August 1994 to June 1998. He earned a Master’s degree in Economics and Philosophy from the London School of Economics and Political Science (LSE) in September 2001, and a Master’s degree in Development Studies from LSE in September 2002.

Chairman and Investor Relations Officer of Itaúsa Investimentos Itaú S.A. since May 2015. Director Vice President of Itaú Unibanco Holding S.A., he was Investor Relations Officer and Director Vice President of Wealth Management & Services of Itaú Unibanco S.A. from March 1996 to May 2015. He was the Chairman of the Board of the Brazilian Institute of Investor Relations – IBRI (2000 to 2003) and Chairman of the National Association of Investment Banks – ANBID (2003 to 2008). Member of the boards of directors of ITAÚSA S.A., Itaú Unibanco Holding S.A., Duratex S.A. and Alpargatas S.A., and of Instituto Itaú Cultural – IIC and Instituto de Arte Contemporânea – IAC, Chairman of the Board of Directors of the São Paulo Art Museum – MASP, Vice President of the Board of Directors of Fundação Bienal de São Paulo – BIENAL and, also, Financial Officer of the São Paulo Museum of Modern Art – MAM.

He was CEO of Anheuser-Busch and Member of the Board of Directors of Ambev and the Board of Directors of the Beer Institute until 2015. Co-Founder of and Partner of Dreampact Ventures, he is a Member of the Board of Directors of Life Equals and Member of the Board of Trustees of the Mary Institute and Country Day School (MICDS).

Bachelor’s degree in Legal and Economic Sciences and Bachelor’s and Postgraduate degrees in Civil Law from the Armando Álvares Penteado Foundation – FAAP, and continuing education in Macroeconomics from the New York Institute of Finance – NYIF. He has been the CEO and controlling stockholder of Bonsucex Holding since its foundation in 1982 and he is Chairman of the Board of Directors of Terra Santa S.A. and Member of the Board of Directors of Alpargatas S.A. He was a Member of the Board of Directors of Paranapanema S.A., Metalúrgica Barbará, Companhia Paraibuna de Metais, Eluma Indústria e Comércio S.A. and Caraíba Metais S.A., and Chairman of the Board of Directors of Mineração Buritirama S.A. He is currently an Honorable Vice President of the Brazilian Museum of Sculpture (MUBE), Member of the Board of Directors of the São Paulo Art Museum (MASP) and Member of the Board of Directors of the Equestrian Club of the State of São Paulo (SHP). He was a Member of the Board of Directors of the São Paulo Golf Club (SPGC), founder and President of the Brazilian Association of Andalusian-Brazilian Horse Breeders (SBCAB). He is a paid-up member and benefactor of the Sport Club Corinthians Paulista (SCCP) soccer team.

Mr. Medeiros is a partner and co-president of Cambuhy Investimentos Ltda. (resource management sector), partner of Lanx Capital Investimentos Ltda. (resource management sector); and board member of Eneva S.A., Votorantim S.A. and Pravaler S.A. (student loan). He holds a degree in Civil Engineering from the Polytechnic School of USP. Previously, he has worked as board member of several companies, including: Parnaíba Gás Natural S.A. (oil and gas sector); Companhia Hering (textile and retail sector); Technos S.A. (trade and retail sector); RB Capital S.A. (financial sector); Brazil Trade Shows Partners S.A. (exhibitions and trade fairs sector); Damásio Educacional S.A. (education sector); TAM S.A. (airline); América Logística S.A. (transport sector); and Springs Global S.A. (textile and retail sector).

B.A. from the University of California, Los Angeles (UCLA), Stacey has been working at Apple Inc. since October/2000. She has been senior director of retail since 2016; beforehand she was a Senior Director for Australia, Japan and Asia’s North and Southeast regions (2013-2016).

Guilherme Bottura holds a bachelor’s degree in Production Engineering from the Polytechnic School of the University of São Paulo (2001). He currently serves as Executive Director of BWSA, an investment holding company, and as Head of Alternative Investments at BWGI, the Global Asset Management Division of BWSA, where he has been a member of the Investment Committee, Risk Committee, and Management Committee since 2018.

Mr. Bottura serves on the Board of Directors of CBMM, where he is also a member of the Strategy and Technology Committees, and on the Board of Directors of Verallia SA.

Previously, Mr. Bottura served on the Board of Directors of Eneva SA, was a Partner and member of the Investment Committee at Cambuhy Investimentos (2011-2018), Portfolio Manager at Lanx Capital (2009-2011), and an investment professional in the Special Situations Group at Goldman Sachs (2005-2009).

Audit Commmittee

Coordinator of the Audit Committee of Alpargatas S.A. (since April 2018), he has a Bachelor’s degree in Accounting and has been an independent auditor for 31 years. He is a former partner of PricewaterhouseCoopers Auditores Independentes. He was an Executive Officer of the Internal Audit Department of Banco Itaú Unibanco for six years and Controller, Technology and Risk Officer for the National Bank for Economic and Social Development (BNDES) for one year and one month. He has been a Member of the Board of Directors of Ecorodovias and Coordinator of the Audit Committee since April 2018. Currently, he is an alternate Member of the Fiscal Council of Fundo Garantidor de Crédito (since May 2018), and consultant for RMB Assessoria e Consultoria Empresarial e Contábil EIRELI.

She is a member of the Board of Directors and Coordinator of the Audit Committee of Infracommerce Cxaas e Vasta Educação, a member of the Fiscal Council of Lojas Renner S.A. and OSESP (pro bono), Coordinator of the Audit Committee of Track amp;Field, Iguatemi and Comerc Energia, member of the Audit Committee of ABGF, Localiza, and WEG. She began her career at PricewaterhouseCoopers (PwC) in 1987, where she served as an audit partner (2000 to 2018). He was a member of the Board of PwC and of the Board of Directors of Transportadora Sulbrasileira de Gás. Graduated in Business Administration and Accounting from the Pontifical Catholic University of Rio Grande do Sul (PUCRS), MBA in Marketing in Services from FIA Business School, and Digital Business from the Universidade Positivo, Master’s in Accounting and Controllership from the University of São Paulo (FEA/USP). Board member certified by the Brazilian Institute of Corporate Governance.

Lawyer. Bachelor’s degree in Law from the Armando Álvares Penteado Foundation – FAAP. Postgraduate degree in Corporate Law from the Learning and Research Institute – INSPER. He attended the courses on Fiscal Council in Practice and Corporate Governance Department at the Brazilian Institute of Corporate Governance – IBGC. He was a trainee and attorney in distinguished law firms. Member of the Brazilian Bar Association of the State of São Paulo (OAB-SP). Member of the São Paulo Lawyers Association (AASP). He is a Member of the Board of Directors of Azevedo & Travassos S.A. and Terra Santa Agro S.A. He is a Member of the Audit Committee of Alpargatas S.A. He was an effective Member of the Fiscal Council of Alpargatas S.A. and of the Innovation and Audit committees of Terra Santa Agro S.A. He is a Member of the People Committee of Terra Santa Agro S.A. He was secretary of the Board of Directors of Mineração Buritirama S.A. He was an alternate Member of the Fiscal Council of Companhia Paranapanema S.A. and he is currently an alternate Member of the Fiscal Council of Bombril S.A. He is currently an attorney at Bonsucex Holding S.A.

Mr. Bottura serves on the Board of Directors of CBMM, where he is also a member of the Strategy and Technology Committees, and on the Board of Directors of Verallia SA.

She has been Managing Officer of Itaúsa S.A. since September 2019, a member of the Capital Markets, Audit and Risks Committees since April 2017, Corporate Governance since July 2020, Investments since May 2021 and Sustainability since May 2023.

She has been an Officer of Itautec S.A. since September 2016 and was Managing Director of Itaúsa Empreendimentos S.A. from September 2016 to August 2019, having been, from August 2013 to August 2016, a consulting lawyer advising the new business area and on all other legal issues involving the company or legal issues of its subsidiaries in the industrial area that were relevant to the company, a role she continued to perform at the company, along with issues related to compliance and corporate risks. At Itaú Unibanco S.A., she was a lawyer from October 2000 to July 2013, advising on contractual and corporate law, especially on contracts and corporate issues related to mergers and acquisitions, strategic partnerships, corporate restructurings, among others.

Graduated in Law from the Pontifical Catholic University of São Paulo (PUC/SP) in 1996, with a Specialization in Business Law from the Pontifical Catholic University of São Paulo (PUC-SP) (1999-2000), LL.M. (Master of Laws) from Columbia University School of Law (New York, NY) in 2004 and MBA from Columbia University Business School (New York, NY) (2008-2009).

Finance Committee

Frederico de Souza Queiroz Pascowitch – Professional experience for the past five years : Itaúsa – Investimentos Itaú S.A.: Member of the Investment Committee and of the Sustainability and Risk Committee since April 2017, having been Investment Adviser from February 2016 to April 2017. Industry in which it operates: Holding company. Companies that compose the issuer’s economic group Itaúsa Empreendimentos S.A.: Director Manager since May 2017. Industry in which it operates: consulting in business management. Positions in other companies or in third sector organizations Gávea Investimentos: Partner from 2011 to 2015: member of the board of directors of Energisa, member of the board of directors of Cell Site Solutuions, monitoring of several portfolio assets such as: Unidas, Azul Linhas Aéreas, Paschoalotto, Time for Fun, Arcos Dorados, among others. Industry in which it operates: Resource management Educational background: Graduation in Business Administration in 2005 by Insper.

Alex Amorim holds a degree in Business Administration from EAESP-FGV and an MBA from Columbia University. He currently serves as Investment Director at BWGI since 2025 and is a member of CBMM’s Finance Committee. Previously, he was CFO at CBMM (2019–2025), partner and member of the investment team at Cambuhy Investimentos (2012–2018), member of the Board of Directors of Parnaíba Gás Natural (2014–2016), and part of J.P. Morgan’s Latin America Investment Banking team in New York (2010–2011). Between 2003 and 2008, he worked in the Corporate Finance area of the portfolio companies of Grupo ABC de Comunicação.

Graduated in Production Engineering from the Polytechnic School of the University of São Paulo, he is Co-Head of Private Capital Solutions at BWGI. Mr. Barros currently serves as an observer member of the Board of Directors and as a member of the Audit and Finance Committee at re.green S.A. Between 2016 and 2025, he served as a member of the Finance Committee of Eneva S.A., and between 2014 and 2016, he was an alternate member of the Board of Directors of Parnaíba Gás Natural. Prior to that, he worked as an investment professional at Cambuhy Investimentos from 2012 to 2017 and at Lanx Capital from 2011 to 2012.

Priscila Grecco has a bachelor’s degree in Accounting from PUC-SP, an MBA in Financial and Risk Management from FIPECAFI/USP, and a postgraduate degree in Business Economics from FGV (Brazil). She also has graduate specialization degrees for executives from Harvard Business School (Program for Leadership development) and the Executive Certificate in Management and Leadership from MIT Sloan School of Management (USA). Ms. Toledo is Management and Finance Managing Officer, and a member of the disclosure and Trading Committee and the Finance, Investment, Corporate Governance and Sustainability and Risk Committees of Itaúsa. She served as Itaúsa’s New Business Officer from 2013 to 2017. She has been an Officer at Itautec since April 2017, where she was the Investor Relations Officer from April 2017 to August 2019, and a member of the disclosure and Trading Committee from April 2017 to August 2019. She has over 20 years of experience in Finance, Audit, and Mergers & Acquisitions, working at large companies such as Citibank S.A., KPMG, and Itaú Unibanco. She was Mergers and Acquisitions Superintendent at Itaú Unibanco Holding Financeira S.A. from december 2003 to May 2013.

Strategy Committee

Currently, Mr. Setubal is the CEO and Investor Relations Officer of Itaúsa – Investimentos Itaú S.A. since May 2015, he has been Vice-Chairman of the Board of Directors since September 2008; Coordinator of the Disclosure and Negotiation Committee since May 2015, Member since May 2009, and of the Investment Policy Committee from August 2008 to April 2011.

Mr. Bottura serves on the Board of Directors of CBMM, where he is also a member of the Strategy and Technology Committees, and on the Board of Directors of Verallia SA.

Gisela holds degrees in International Relations and Economics from Tufts University (USA) and a specialization in fashion from Parsons School of Design in New York. She previously worked at Robert Burke Associates in New York, where she spent a significant period as a strategic consultant, and founded the footwear brand Fabrizio Viti (London). Gisela also served as a board member of Soma for two years and acted as Chief Marketing Officer (CMO) of Azzas 2154.

People, Management, and Sustainability Committee

Mr. Fajerman holds a Bachelor’s degree in Economics from the Federal University of Rio de Janeiro (UFRJ), an MBA in Corporate Finance from IBMEC, and an MBA Programme from INSEAD (Fontainebleau, France). He has served as a member of the Board of Directors of Embraer S.A. and Fundação Itaú Unibanco de Previdência Complementar, where he also served as President Director. Currently, he is the Executive Director of the People, Marketing, and Corporate Communications area at Itaú Unibanco.

Mr. Bottura serves on the Board of Directors of CBMM, where he is also a member of the Strategy and Technology Committees, and on the Board of Directors of Verallia SA.