Investor Relations

Management

Management

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 seven executive officers. The four 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
  • Adalberto Fernandes Granjo Legal and Government VP* See more
  • José Roberto Daniello People VP* See more
  • Gabriel Aver Industrial VP See more
  • Adriano Negrão Supply Chain VP See more
  • Maria Fernanda Albuquerque Global Marketing VP See more
  • Jorge Luiz Viega Ramalho Technology VP See more
  • Diane Bekhor NA&C VP See more

Liel Miranda
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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
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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.

Adalberto Fernandes Granjo
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Legal and Government VP*

Mr. Granjo has a bachelor’s degree in law from University of São Paulo (USP), an specialization course in civil Procedure from USP, a graduate degree in competition law from Getulio Vargas Foundation (FGV) and business management from Dom Cabral Foundation. He also has a master’s degree in civil law from the Pontifical Catholic University of São Paulo (PUC-SP). He occupied several management positions during his executive career, serving companies such as Santista Alimentos S.A. and Multibras S.A. Eletrodomésticos, and a leading executive position at Vicunha Têxtil S.A. He joined Alpargatas S.A. in 2005 as legal manager, becoming Chief Legal Affairs Officer in 2011.

José Roberto Daniello
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People VP*

Mr. Daniello is a chemical engineer, holds two MBAs, and is a certified Brewmaster. He has developed his career at AB InBev for over 23 years, where he worked at the Supply Chain, Sales, Solutions and People departments and had the opportunity to work in 10 different countries holding strategic positions in Human Resources, including the global leadership of the Talent and Development departments. Mr. Daniello was a member of the team that redesigned ABI with a growth focus, and took part in the people integration process at SABMiller. Beforehand he worked as the VP of People for operations in India, Southeast Asia and at the Global Training Center of that company.

Gabriel Aver
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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
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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
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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.

Jorge Luiz Viega Ramalho
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Technology VP

Ramalho has 30 years’ experience in the financial industry, working for JP Morgan (Hong Kong), Bozano Simonsen and Itaú Unibanco. He was the founder of Investshop in 1999, was the technology officer responsible for the Itaú and Unibanco integration process, and led the building and migration of the Itaú group datacentre.

Diane Bekhor
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NA&C VP

Seasoned luxury goods and fashion executive with two decades of professional experience across all facets of our industry. Developed brand management and P&L acumen as a buyer, with deep, data-driven operations experience managing logistics and ecommerce, all resulting in a skillset for driving global same-store comp growth as well as new category and geography expansion.

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.

Alfredo Egydio Setubal

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.

Marcelo Pereira Lopes de Medeiros

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).

Pedro Moreira Salles

Co-Chairman of the Board of Directors of Itaú Unibanco Holding S.A., Chairman of the Board of Directors of Instituto Unibanco, Chairman of the Steering Board of the Brazilian Federation of Banks – FEBRABAN, Chairman of the Board of Directors of the Companhia Brasileira de Metalurgia e Mineração – CBMM, and Chairman of the Board of Directors of Alpargatas S.A. Mr. Salles is a Member of the Decision-Making Council and of the Group of Members of the Learning and Research Institute – INSPER, and a Member of the Advisory Board of the Osesp Foundation.

Rodolfo Villela Marino

Bachelor’s degree in Business Administration from EAESP-FGV and Master’s degree in Economics and Philosophy and in Development Studies from the London School of Economics (LSE). Director Vice President and Member of the boards of directors of Itaúsa – Investimentos Itaú S.A., Duratex S.A. (Construction Materials) and Itautec S.A. (IT). He was the Chairman of the Board of Directors of Elekeiroz S.A. (Chemical Products). Vice President of the Board of Directors of the Institute of Studies for Industrial Development – IEDI; Member of the Board of Directors of the Brazilian Association of Listed Companies – ABRASCA; Member of the Corporate Movement for Innovation – MEI / National Confederation of the Industry – CNI.

Silvio Tini de Araujo

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.

Luiz Fernando Edmond

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).

Stacey Brown

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).

João Moreira Salles

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).

Audit Commmittee

Rodolfo Villela Marino

Bachelor’s degree in Business Administration from EAESP-FGV and Master’s degree in Economics and Philosophy and in Development Studies from the London School of Economics (LSE). Director Vice President and Member of the boards of directors of Itaúsa – Investimentos Itaú S.A., Duratex S.A. (Construction Materials) and Itautec S.A. (IT). He was the Chairman of the Board of Directors of Elekeiroz S.A. (Chemical Products). Vice President of the Board of Directors of the Institute of Studies for Industrial Development – IEDI; Member of the Board of Directors of the Brazilian Association of Listed Companies – ABRASCA; Member of the Corporate Movement for Innovation – MEI / National Confederation of the Industry – CNI.

Estela Maris Vieira de Souza

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.

Carlos Augusto Reis de Athayde Fernandes

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.

Ricardo Baldin

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.

Finance Committee

André Natal

Mr. André Corrêa 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.

Silvio Tini de Araujo

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.

Frederico de Souza Queiroz Pascowitch

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.

Guilherme Bottura

Officer at BW Gestão de Investimentos since January 2018 and Partner at Cambuhy Investimentos, which he joined in 2011. He has a Bachelor’s degree in Production Engineering from the Polytechnic School of the University of São Paulo, and he worked as Portfolio Supervisor at Lanx Capital between August 2009 and June 2011. Previously, he was the Vice President of Goldman Sachs between January 2005 and July 2009 and Superintendent of ABN AMRO between January 2003 and December 2004. He has been a Member of the Board of Directors of Eneva since 2016 and was a Member of the Board of Directors of Parnaíba Gás Natural from 2014 to 2016.

Priscila Grecco Toledo

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.

João Moreira Salles

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).

Strategy Committee

Stacey Brown

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).

João Moreira Salles

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).

Marcelo Pereira Lopes de Medeiros

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).

Rodolfo Villela Marino

Bachelor’s degree in Business Administration from EAESP-FGV and Master’s degree in Economics and Philosophy and in Development Studies from the London School of Economics (LSE). Director Vice President and Member of the boards of directors of Itaúsa – Investimentos Itaú S.A., Duratex S.A. (Construction Materials) and Itautec S.A. (IT). He was the Chairman of the Board of Directors of Elekeiroz S.A. (Chemical Products). Vice President of the Board of Directors of the Institute of Studies for Industrial Development – IEDI; Member of the Board of Directors of the Brazilian Association of Listed Companies – ABRASCA; Member of the Corporate Movement for Innovation – MEI / National Confederation of the Industry – CNI.

Alfredo Egydio Setubal

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.

Pedro Moreira Salles

Co-Chairman of the Board of Directors of Itaú Unibanco Holding S.A., Chairman of the Board of Directors of Instituto Unibanco, Chairman of the Steering Board of the Brazilian Federation of Banks – FEBRABAN, Chairman of the Board of Directors of the Companhia Brasileira de Metalurgia e Mineração – CBMM, and Chairman of the Board of Directors of Alpargatas S.A. Mr. Salles is a Member of the Decision-Making Council and of the Group of Members of the Learning and Research Institute – INSPER, and a Member of the Advisory Board of the Osesp Foundation.

Luiz Fernando Edmond

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).

People Committee

Marcelo Pereira Lopes de Medeiros

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).

Rodolfo Villela Marino

Bachelor’s degree in Business Administration from EAESP-FGV and Master’s degree in Economics and Philosophy and in Development Studies from the London School of Economics (LSE). Director Vice President and Member of the boards of directors of Itaúsa – Investimentos Itaú S.A., Duratex S.A. (Construction Materials) and Itautec S.A. (IT). He was the Chairman of the Board of Directors of Elekeiroz S.A. (Chemical Products). Vice President of the Board of Directors of the Institute of Studies for Industrial Development – IEDI; Member of the Board of Directors of the Brazilian Association of Listed Companies – ABRASCA; Member of the Corporate Movement for Innovation – MEI / National Confederation of the Industry – CNI.

Pedro Moreira Salles

Co-Chairman of the Board of Directors of Itaú Unibanco Holding S.A., Chairman of the Board of Directors of Instituto Unibanco, Chairman of the Steering Board of the Brazilian Federation of Banks – FEBRABAN, Chairman of the Board of Directors of the Companhia Brasileira de Metalurgia e Mineração – CBMM, and Chairman of the Board of Directors of Alpargatas S.A. Mr. Salles is a Member of the Decision-Making Council and of the Group of Members of the Learning and Research Institute – INSPER, and a Member of the Advisory Board of the Osesp Foundation.

Luiz Fernando Edmond

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).

João Moreira Salles

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).

Ethics and Compliance Committee

Adalberto Fernandes Granjo

Mr. Granjo has a bachelor’s degree in law from University of São Paulo (USP), an specialization course in civil Procedure from USP, a graduate degree in competition law from Getulio Vargas Foundation (FGV) and business management from Dom Cabral Foundation. He also has a master’s degree in civil law from the Pontifical Catholic University of São Paulo (PUC-SP). He occupied several management positions during his executive career, serving companies such as Santista Alimentos S.A. and Multibras S.A. Eletrodomésticos, and a leading executive position at Vicunha Têxtil S.A. He joined Alpargatas S.A. in 2005 as legal manager, becoming Chief Legal Affairs Officer in 2011.

José Roberto Daniello

Mr. Daniello is a chemical engineer, holds two MBAs, and is a certified Brewmaster. He has developed his career at AB InBev for over 23 years, where he worked at the Supply Chain, Sales, Solutions and People departments and had the opportunity to work in 10 different countries holding strategic positions in Human Resources, including the global leadership of the Talent and Development departments. Mr. Daniello was a member of the team that redesigned ABI with a growth focus, and took part in the people integration process at SABMiller. Beforehand he worked as the VP of People for operations in India, Southeast Asia and at the Global Training Center of that company.

André Natal

Mr. André Corrêa 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.

Andréa Vitor Santos

Graduated in Law at Universidade São Paulo (USP), specialized in Tax Law at Pontifical Catholic University (PUC), post-graduated in Financial Management and Controllership by Fundação Getúlio Vargas (FGV), has participated in the extension course in Anti-Corruption Compliance by Legal , Ethics and Compliance (LEC) and has a Professional Certification in Anti-Corruption Compliance – CPC-A developed by the LCB – LEC Certification Board. She started her career at PriceWaterhouseCoopers, where she stayed for seven years. She joined Alpargatas S.A. in 2002 as a tax manager, becoming, in 2021, Compliance Officer.

Sustainability Committee

Luiz Fernando Edmond

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).

José Roberto Daniello

Mr. Daniello is a chemical engineer, holds two MBAs, and is a certified Brewmaster. He has developed his career at AB InBev for over 23 years, where he worked at the Supply Chain, Sales, Solutions and People departments and had the opportunity to work in 10 different countries holding strategic positions in Human Resources, including the global leadership of the Talent and Development departments. Mr. Daniello was a member of the team that redesigned ABI with a growth focus, and took part in the people integration process at SABMiller. Beforehand he worked as the VP of People for operations in India, Southeast Asia and at the Global Training Center of that company.

Maria Fernanda Albuquerque

Mafê 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.

Gabriel Aver

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.

Elisabeth Laville

Chief Entrepreneur of Utopies, a think-tank, and consultancy specializing in sustainable development. She is also a Founding Member of B Lab France, the institute responsible for B Corp Certification. Elisabeth is a reference in sustainability and modern strategies for the European market and became an external member of the Alpargatas Sustainability Commission in 2022.