Management

EXECUTIVE OFFICE

The Executive Office shall manage Company’s business in compliance with the mission, objectives, strategies, and guidelines assigned by the Board of Directors.

 

 

Rafael Salvador Grisolia CEO
Is a Production Engineer, holding an MBA from Coppead/UFRJ. Has a 30 year extensive career experience having worked at the financial department of Esso – an affiliate of ExxonMobil Corp. and at Cosan Combustíveis e Lubrificantes S.A. He also held the position of Chief Financial Officer (CFO) and Investor Relations Officer (IRO) at Cremer S.A., CFO at Grupo Trigo SA, CFO and IRO of Inbrands SA. In August 28, 2017, Rafael assumed the position of Chief Financial Officer and Investor Relations Officer at Petrobras Distribuidora S.A., where he remained until June 26, 2018, when he was also invited to take on the CFO and IRO position at Petróleo Brasileiro S.A.
Flavio Coelho Dantas Retail Executive Officer
Has 26 years of executive experience in large companies and has developed a great part of his professional career in Ipiranga, where he held management positions and served as Commercial Executive Officer, between the 2011 and 2015. After serving as Senior Advisor for the Oil & Gas industry at Accenture Brasil, he held the position of Executive Director of FIRJAN between 2017 and 2019.
Marcelo Fernandes Bragança Operations and Logistics Executive Officer
Has a bachelor’s degree as mechanical engineer from the Federal University of Espírito Santo (UFES), with a post-graduate degree in Maintenance Engineering and an MBA in Business Logistics. He has been in BR since 1998 and has held other executive positions at the company, including DIOL and DRPV, the last one occupied by him since 2017.
Marcelo Cruz Lopes Corporate Market and Lubricants Executive Officer
With a degree in Electrical Engineering from the Universidade Federal Fluminense (UFF), an Executive MBA from the Dom Cabral Foundation and a Post-MBA in Negotiation and Leadership at the Kellogg Scholl of Management (Northwestern University), Marcelo has 17 years of professional experience, with passages by ONS (National Operator of the Electric System) and Petrobras, where, since 2005, he has held various leadership and management functions, such as the executive manager of Gas and Energy, his last position.
André Corrêa Natal Financial and Investor Relations Executive Officer
Production Engineer with emphasis in Petroleum Engineering by UFRJ, he holds a Master’s degree in Administration from COPPEAD/UFRJ and an MBA in Finance from the same institution, as well as Extensions at Downstream – The Oxford-Princeton Program. André has 17 years of professional experience, having held executive and financial positions in the Oil and Gas sector, in industries, consultancies, investment bank and private equity fund manager, in institutions such as Petrobras, Credit Suisse and Opportunity.

 

FISCAL COUNCIL

The Fiscal Council is composed of three members, among then one appointed by the Ministério da Fazenda (as representative of the National Treasury), one appointed by Petróleo Brasileiro S.A. (Petrobras) and one appointed by no
n-controlling shareholder.

 

Bruno Passos da Silva Melo Oversight Board (Serving)
Appointed by Petróleo Brasileiro S.A. – Petrobras
Academic information
MBA in Accounting Management – FIPECAFI/USP (2006); Graduate in Accounting Sciences – Federal University of RJ – UFRJ (1999).
Professional Experience
17 years professional experience in Accounting, 12 of which have been spent in management. Has focused on Corporate and Management Accounting, with experience in the drafting of information for the evaluation and performance process.
Has acted as General Accounting Manager for Subsidiaries and Affiliate Companies (since September 2014), Manager of Corporate Information (September 2012 to September 2014) and Manager of the Accounting and Corporate Segmentation (March 2006 to September 2012) at Petrobrás.
Full Member of the Oversight Board of Petrobras Distribuidora S.A – since 2016; of MSGÁS – 2015; of Petrobras Biocombustível S.A. – 2013 to 2014; of Fundação Petros – 2010 to 2013; Petroquímica União S.A – PQU – 2007 to 2009; and Cia. de Gás do Maranhão – GASMAR – 2006 to 2007.
Eduardo Damázio da Silva Rezende Member of the Oversight Board (Alternate to Director Bruno Passos)
Appointed by Petróleo Brasileiro S.A. – Petrobras
Academic information
Graduate in Accounting Sciences from the Gama Filho University, in 1995; Post-Graduate in Teacher Training for higher education, in 1998, and an MBA in Accounting Management from USP/FIPECAFI, in 2011.
Professional Experience
14 years professional experience in accounting in the financial area. Has focused on financial implementation and on equity and budgets. Has worked as Coordinator of Costing Activities for Production (2006 to 2008), Coordinator of accounting processes for bio-fuel businesses (2008 to 2012), Sector Manager for bio-fuel businesses (2012 to 2016). Holds the position of sector manager for supply and bio-fuels (2016 to 2017). Since 2017, he has performed the role of Financial Administrative Executive Manager at Petros – Fundação Petrobras de Seguridade Social.
Pricilla Maria Santana Member of the Oversight Board (Alternate to Director Pricilla Maria Santana)
Appointed by the National Treasury
Academic information
Currently studying for a Master’s Degree in Tax Law at the Catholic University of Brasília – 2013; Graduate in History, University of Brasília, in 2008; Specialization – Preparatory Course for Legal Careers, Processus Institute, 2001; Graduate in Law from the Associação de Ensino Unificado of the Federal District in 2001; Post-Graduate latu sensu in Public Policies and Governmental Administration, 1997; Graduated in Economic Sciences from the University of Brasília in 1995.
Professional Experience
Sub-secretary of Inter-Governmental Relations, National Treasury Department, DAS 101.5, since April 2015; Assistant Secretary at the Economic Monitoring Department, DAS 101.5, from November 2007 to April 2015. Member of the Oversight Board of Petróleo Biocombustível S.A. – since April, 2015; Member of the Board of Directors of Eletrobras S.A. – April 2015 to April 2016; Member of the Board of Directors of SERPRO – from January 2011 to September 2013; Member of the Oversight Board of BB Seguros S.A., from December 2009 to April 2015; Member of the Oversight Board of Banco da Amazônia, from October 2013 to April 2015.
Gildenora Batista Dantas Milhomem Membro Suplente da Conselheira Pricilla Maria Santana
Indicada pelo Tesouro Nacional
Academic information
Graduated in Accounting Sciences with specialization in Public Administration from EBAPE/FGV.
Professional Experience
Federal Auditor of Finances and Control of the National Treasury Department of the Ministry of Finance, performing the role of Sub-Secretary of Public Accounting at the STN/MF; Acted as Operational Coordinator of the Advisory Group on Brazilian Technical Accounting Norms for the Public Sector (GA NBC TSP) for the Federal Accounting Council (CFC); Chairs the Board of Directors of the Assefaz Foundation; Acts as a Representative Member of the National Treasury on the Oversight Board of TRANSPETRO. Has held various positions in the federal government, including: General Secretary of Administration for the Federal Attorney General’s Office; Superintendent of Administration and Finances for the National Civil Aviation Agency; Director of Strategic Management for the Ministry of Tourism; Sub-Secretary of Planning, Budgets and Administration for the Ministry of Finance; She has also chaired the Board of Directors of the Casa da Moeda do Brasil (CMB) and the Empresa Gestora de Ativos (EMGEA); was a member of the Board of Directors of the Federal Data Processing Service (SERPRO) and a member of the Oversight Board of the Empresa Brasileira de Administração de Petróleo e Gás Natural S.A – Pré-Sal Petróleo S.A (PPSA).
João Verner Juenemann Oversight Board Member (Serving)
Appointed by non-controlling shareholder
Professional Experience
Is currently involved with the Banco do Estado do Rio Grande do Sul S.A. (2003/2010 – 2015/2019), where he is a member of the Board of Directors (04/30/2003-2010 and since 04/30/2015), has held the position of Coordinator of the Audit Committee (2004-2008 and since 2015) and is a member of the Eligibility and Remuneration Committee (since 2016). Is also a member of the Oversight Board at Klabin S.A., in the pulp and forestry activities sector, since 03/08/2017. Has also acted as a member of the Audit Committee, being elected by minority shareholders, of Eletropaulo Metropolitana Eletricidade de São Paulo S.A., a position he held from 9/5/2017 to 12/27/2017, due to the requirement by the Board of Directors that the Audit Committee be composed solely of members of the Board of Directors. He has also held positions at Forjas Taurus S.A. (arms industry) as a member of the Board of Directors (4/27/2014 to 3/3/2017) and Coordinator of the Audit and Risk Committee (7/17/2014 to 3/3/2017). He also participates at Tupy S.A. (iron metal sector), where he is Coordinator of the Audit and Risks Committee (7/2/2009, reelected successively until June 2019), having been elected by minority shareholders). He also operates at Dimed S.A. Distribuidora de Medicamentos, where he was elected by minority shareholders as a full member of the Oversight Board (4/30/2009-04/28/2016) and is Coordinator of the non-statutory Audit Committee – also elected by minority shareholders – (since August 2016, with a mandate running through until March, 2020). He also plays a role at TIM Participações S.A. (telecommunications sector), where he was elected by minority shareholders as an alternate member of the Oversight Board, and has served since 4/11/2018. He also takes part in Saraiva S.A. Livreiros Editores (publishing sector), where he is a full member of the Oversight Board, having been elected by minority shareholders on 4/29/2014, and has been Chairperson of this same Board, again elected by minority shareholders, since 5/12/2017. He has also played a part in the running of Sonae Sierra Brasil S.A. (supermarkets sector), where he was a full member of the Oversight Board from 4/30/2013 to 4/29/2016. He has also been involved in Plascar Participações Industriais S.A. (automotive sector) where he was a full member of the Oversight Board, having been elected by minority shareholders (4/30/2013-4/29/2016). He also operated at Banco Indusval S.A., where he was a full member of the Oversight Board, having been elected by minority shareholders (4/24/2012-4/24/2015). He has also been involved in the running of Electro Aço Altona S.A. (metalworks sector),where he was a full member of the Oversight Board, having been elected by minority shareholders (4/30/2010-4/28/2015). He has also been involved in the running of DHB Indústria e Comércio S.A. (automotive sector) where he was a member of the Board of Directors, having been elected by minority shareholders (4/23/2007-6/16/2016 (resigned from the mandate)). None of the companies listed above form part of the business group or are controlled by a shareholder from the Company.
Performs functions in the third sector at Fundação Boticário de Proteção à Natureza, where he is a full member of the Oversight Board (November 2015 to March 2020).
Maria Carmen Westerlund Montera Member of the Oversight Board (Alternate to Director João Verner Juenemann)
Appointed by non-controlling shareholder
Academic information
Maria Carmen Westerlund Montera is an economist who graduated from the Rio de Janeiro Political and Economic Sciences Faculty of the Candido Mendes University, and also holds a Bachelor’s degree in Letters from PUC/RJ, having specialized in the Capitals Market at EPGE/RJ.
Professional Experience
She is currently an alternate member of the Oversight Board of Eletropaulo Metropolitana Eletricidade de São Paulo, where she has been since May 2014. She has also participated in BANRISUL – Banco do Estado do Rio Grande do Sul S.A., as a member of the Oversight Board, since March 2018. She also participates at Klabin S.A. (paper and pulp sector) as an alternate member of the Oversight Board (March/2017-March/2019). She also takes part in the running of AES Tietê Energia (electrical sector) where she is an alternate member of the Oversight Board (May/2014-April/2018) and was a member of the Oversight Board (May/2011-April/2013). She is also active at Brasiliana Participações S.A. (electrical sector – holding), where she is an alternate member of the Oversight Board (May/2017-April/2018). She is also active at BR Insurance Corretora de Seguros S.A. (insurance sector), as a member of the audit and risks committee (January/2017-May/2018). Has assisted at AES Elpa S.A. (electrical sector – holding), where she was a member of the Oversight Board from 2011 to 2013. She also participates at TUPY S.A. (metallurgy sector), where she is a member of the audit and risks committee (May/2009/-June/2019) and was a member of the Governance and Personnel Management Committee (May/2009-August/2016) and a member of the Board of Directors (March/2006-April/2013). She also takes part in operations at BNDES Participações S.A. – BNDESPAR, where she was a manager and economist in the Share Portfolio Monitoring Department (1976-June 2013). None of the companies listed above form part of the business group or are controlled by a shareholder from the Company. She was also a member of the Board of Directors and the Financial and Management Committees at Brasil Ferrovias and Ferronorte S.A. (publicly-held railroad concession companies), a member of the Investments Committee at the Fundo FIP Brasil Energia and the Fundo de Petróleo, Gás e Energia, and a member of the Board of Directors of Spes, service providers to Petrobras (Companhia de Recuperação Secundária CRSEC, Marlim Participações and Nova Marlim Participações) and an alternate member of the Board of Directors of Net Serviços de Comunicação S.A. and the Finances Committee of Telemar Participações S.A.
BOARD OF DIRECTORS
Board of Directors’ Competences
The Board of Directors is formed by nine representatives, including one representative elected by our employees. Click on the name to see the resume.

BOARD OF DIRECTORS

The Board of Directors is formed by nine representatives, including one representative elected by our employees. Click on the name to see the resume.

 

Augusto Marques da Cruz Filho Independent Chairman of the Board of Directors
Academic information
Doctor and Post-Graduate in Economic Theory from the Institute of Economic Research (IPE) at the University of São Paulo (USP), and a graduate in Economic Sciences from the Faculty of Economics and Administration at the University of São Paulo (Fea-USP), having studied Overseas Development at the Institut Européen d’Aministration des Affaires (Insead).
Professional Experience
He is currently a member of the Board of Directors of JSL S.A. and Empresa General Shopping. He has been a member of the Board of Directors and Advisory Board of: Companhia de Bebidas Ipiranga, from December 2009 to September 2013; Santa Bárbara Engenharia from August 2009 to July 2011; B2W (a company that resulted from the merger of Submarino.com and Americanas.com, that operates in on-line retail with the following brands: Submarino.com; Americanas.com; Shoptime, Viagens.com and Ingressos.com) from November 2005 to April 2010, where he acted as a member of the Board of Directors and Coordinator of the Audit Committee; Companhia Brasileira de Distribuição – (Grupo Pão de Açúcar) from October/1999 to March/2004; Arafértil Ferlilizantes S.A. (a company with an interest in the Bunge Group, Sistema Petrofértil and Ypiranga Group) from October/1992 to December/1993.
He acted as CEO of the Companhia Brasileira de Distribuição (Pão de Açúcar Group), from September/1994 to October/2005, and as Administrative Financial Director of Tintas Coral S/A – Bunge Group, from March/1984 to August/1994, occupying the same position at the Bunge Group’s companies in the Chemical Mining sector (Quimbrasil, Serrana de Fertilizantes, Fertimporte, Syntechrom and Tintas Coral do N.E.).
He is the owner partner of MC&F Consultoria Financeira Ltda., which has developed the following projects:
– Friboi, now JBS, from January, 2006 to September, 2006 – structuring of the Financial, HR, Administrative, Legal, IT and Accounting
– Frigorifico Mercosul S.A. from 2006 to 2008 – Professionalization of the company considering the investment made by AIG-Capital;
– Unimed Paulistana – June 2013 to December 2014 – the mission being to professionalize one of the country’s biggest health plan cooperatives.
Clemir Carlos Magro Independent Member of the Board of Directors
Academic information
A Company Administrator, having graduated, in 1973, from the Faculty of Economics, Administration and Accounting of USP – FEA-USP; An Accountant, having graduated, in 1976, from the São Judas Tadeu University.
Professional Experience
He has been an Independent Consultant since July 2013, and between March 2014 and October 2015, was contracted by GRANT THORNTON CORPORATE SERVICES to act as their representative in connection with an Arbitration Procedure being handled by the Arbitration and Mediation Center of the Brazil-Canada Chamber of Commerce. Independent Consultant for Directa Consultores S/C – GELBCKE CONSULTORES S/C from August 2010 to June 2013. He is currently a member of the Advisory Committee of the Board of Directors of Petróleo Brasileiro S.A. – Petrobras.
Roberto Oliveira de Lima Independent Member of the Board of Directors
Academic information
Graduated in Public Administration, having specialized in company administration, from the Company Administration School of São Paulo at the Getulio Vargas Foundation (FGV). He was awarded his Post-Graduate degree in Strategic Finance and Planning by the Institute Superior des Affaires, Jouy em Josas, France; and completed a course on ‘Value Creation in an International Company’ at the University of Texas at Austin – The Graduate School of Business.
Professional Experience
He is currently a member of the Boards of Directors of RNI Negócios Imobiliários S.A. and Telefonica Brasil S.A and is a Non-Executive Officer with the Naspers Group, a global company based in South Africa.
He has more than 42 years of experience in executive roles at companies such as Saint Goban, as Data Processing Manager, from 1975 to 1977; Rhodia, where he was International Treasurer from 1977 to 1982; Accor Brasil S/A, as Executive Vice-President, from 1982 to 1999; Chairman of the Board of Directors and CEI of the Credicard Group at Citibank S/A, from August, 2002 to 2005; CEO of Vivo Participações and Vivo S.A., from July 2005 to June 2011; Chairperson of Publicis Brasil from January, 2014 to August, 2014; and CEO of Natura Cosméticos S.A, from September, 2014 to November, 2016.
He has also participated as a member of the Boards of Directors of the following companies: Accor Brasil, Edenred, the Pão de Açucar Group, and Natura
Fernando Antônio Ribeiro Soares Member of the Board of Directors
Appointed by the Ministry of the Economy
Academic information
Holder of a Doctorate and Master’s Degree in Economics from the University of Brasília, having graduated in Economic Sciences from the Federal University of Minas Gerais, and specializing in Public Policies and Government Management at the National School of Public Administration (ENAP).
Professional Experience
He is a career federal civil servant, having been a Specialist in Public Policies and Government Management at the Ministry of Planning, Budgets and Management since June 1998. Since August 2016, he has worked as Secretary at the Department of Coordination and Governance of State Companies at the Ministry of Planning, Budgets and Management (SEST). From May 2016 to August 2016, he was a director at the Department of Coordination and Governance of State Companies – DEST/MP; from January 2016 to May 2016, he acted as Director of the Executive Department at the Ministry of Finance; from February 2015 to January 2016, he was a director at the Executive Department at the Ministry of Planning, Budgets and Management; from August 2012 to February 2015, he was General Coordinator of Structuring of Projects and Financing – COGEF; between June 2011 and August 2012, he was an advisor at the Executive Department at the Ministry of Finance; and from April 2008 to June 2011, he was Director of the Department of Regulatory Policy for Civil Aviation and substitute Secretary of Civil Aviation.
He is a member and Chairperson of the Board of Directors of BNDESPAR (since November 2016); has been a full member of the Board of Directors of Capgemini Brasil and Empresa Brasileira de Correios e Telégrafos- ECT, since July 2017 and August 2016, respectively; he has been a full member of the Board of Directors of the Empresa de Infraestrutura Aeroportuária – Infraero, since May 2015; and a full member of the Oversight Board of Banco PAN and Empresa de Infraestrutura Aeroportuária – Infraero, between September 2016 and March 2017, and April and October, 2013, respectively. He was a full member of the Oversight Board at BB Leasing – Arrendamento Mercantil S.A., from August 2011 to October 2012; and an alternate member of the boards of directors of various different companies (with finished mandates), such as IRB Brasil Resseguros, BB Administradora de Consórcios, BB-BI Banco de Investimentos S.A., BB-CAR Administradora de Cartões de Crédito S.A., and the Manaus Free-Trade Zone – Suframa.
He has appeared in different economics publications, and has received awards such as First Place in the ‘IV SOF (Federal Budget Department) of Monographs’ and the ‘XV National Treasury Award’, in 2011 and 2010, respectively. He also has experience at higher education institutions, such as the Economics Department of the Catholic University of Brasília (UCB), (from August, 2014 to July, 2017); the Economics Department of the Educational Union of Brasília (UNEB), (from September 2017 to July 2010), and the Ceub Institute of Research and Development (2005). He has also acted as a reviewer and orienter for the Public Finance Research Group at the Treasury Administration School of the Ministry of Finance (ESAF/MF) and sat on academic juries for doctorates, academic master’s degrees and professional master’s degrees.
Gregory Louis Piccininno Independent Member of the Board of Directors
Professional Experience
Works at Citi since July 31, 2012, as Global Head of Latin American Equity Sales and member of
the Operating Committee. Has participated on sale of shares issued by the Company regarding
initial public offering launched in December, 2017 and the sale of ON ADRs issued by Petrobras (NYSE Listing).
Shakhaf Wine Independent Member of the Board of Directors
Appointed by non-controlling shareholder
Professional Experience
Has led the implementation of financial advisory projects for Hampstead Assessoria Econômica Ltda. since January, 2016. Works with operational management, renegotiation of debts, sale of international subsidiaries, listing on the New Market, structuring of corporation models (without a controller) with implementation of new governance and committees by LIQ PARTICIPAÇÕES S.A. (August 2015 to January 2017), where he was also CEO (August, 2015 to March 2016), Chairperson of the Board of Directors (March 2016 to January 2017), and a member of the Personnel Committee; Audit Committee; Risk and Compliance Management; Financial Committee; and the Strategic Operations Committee (June, 2016 to January, 2017). He has also worked for the Portugal Telecom / Portugal Telecom Brasil Group (March, 2003 to June 2015), being responsible for the direct supervision and control of Portugal Telecom and its subsidiaries in Brazil: representation on the Board of Directors, interaction with the executive management and partners, planning and control, as well as in the development of business and M&A in Brazil and in the international activities involving relations with investors in Portugal Telecom, where he was CEO, and Chairperson of the Board of Directors of Portugal Telecom Brasil S.A. (2005-2015), Executive Member of Board of Directors of Portugal Telecom S.G.P.S. (2009-2015). He has also worked for the Oi Group (2011-2015), performing the functions of operational management, renegotiation of debts, international subsidiary sales, listing on the New Market, structuring of corporation models (without a controller) with implementation of new governance and committees, where he held the posts of Member of the Board of Directors of Oi S.A. (formerly Tele Norte Leste Participações), Chairperson of the Technology and Innovation Committee, member of the Finance, and HR and Compensation Committees, and a member of the Board of Directors of Telemar Participações S.A. Other positions held prior to 2013: Vice-Chairperson of the Board of Directors of Vivo Participações and Brasilcel N.V. (a joint venture between PT and Telefônica, Vivo’s parent company). At Vivo / Brasilcel: Chairperson of the Audit and Control Committee, and member of the Appointments and Remuneration Committee. Member of the Board of Directors of PT Investimentos Internacionais, Africatel Holdings B.V., Telesp Celular Part, Telemig Part, Telemig Celular, Tele Centro Oeste Celular Part, Tele Sudeste Celular Part, Celular CRT Part, Tele Leste Celular Part and Banco1.Net. None of the companies listed above form part of the business group or are controlled by a shareholder from the Company.
Bruno Cesar de Paiva e Silva Member of the Board of Directors
Employees’ representative
Academic information
Lawyer, graduated from the Universidade Federal do Estado do Rio de Janeiro. Specialization degree in Procedural Law from Universidade Católica de Petrópolis and Business Management from Fundação Dom Cabral. Certificated in GRC – Governance, Risk and Compliance by KPMG Consultores. He has participated in several courses for Members of Boards of Directors from IBGC – Instituto Brasileiro de Governança Corporativa, of wich is associated.
Professional Experience
Member of the Comission of Ethics and Diversity from IBDEE – Instituto Brasileiro de Direito e Ética Empresarial. Chairman of the Risk and Financial Committee and board member of Petrobras Distribuidora since 2015, reelected three times as employee representative. Employed by BR since 2003, having worked in Contracts, Supply Chain ang Governance.
Edy Luiz Kogut Independent Member of the Board of Directors
Civil Engineer. He earned an undergraduate degree from the University of the Rio de Janeiro State (1965) and a PhD in Economics from the University of Chicago (1972).
Professional experience
Dean of the University Center of Santo André from 2004 to 2007, responsible for academic and financial matters. Executive officer of the holding company of the Camargo Correa Group from 1996 to 2003, he participated in the group that diversified operations to beyond the civil construction area, expanding the Group’s activities to the following areas: electricity (CPFL), transport (CCR), footwear (Alpargatas), textile (Santista), steel (Usiminas), cement (Cauê), aluminum (Alcoa), technology (Neogera). Member of the Board of Directors of Santista Têxtil, São Paulo Alpargatas, Alcoa, Neogera (2000 – 2004); FIBAM (2008 – 2011); Boa Vista Serviços 2010-2015 (member of the Fiscal Council), 2015 to today (member of the Board of Directors). Vice President of Projeta Consultoria associada à NMRothschild, responsible for the privatizations of COPESUL, Light and Escelsa (General Coordinator), from 1988 to 2004. Partner and executive officer of Corretoras Omega e Equipe (1981 – 1988). Visiting professor at the Boston University (1975) and professor of EPGE – FGV (1972 – 1980s).

 

BOARD OF DIRECTORS’ ADVISORY COMMITTEES

Risk and Financial CommitteeThe Risk and Financial Committee, with a strategic focus, is a permanent statutory body directly linked to the Company’s Board of Directors. The purpose of this Committee is to give support to the Board of Directors in the fulfillment of its duties, including, but not limited to, the review and issuance of recommendations on such risks related to financial management; to the proposed strategic plan, to the business plan and to such other guidelines and directives related to the scope of the Committee due to be submitted to the Board of Directors.

  • Bruno Cesar de Paiva e Silva (President)
  • Durval José Soledade Santos
  • Gregory Louis Piccininno

 

Statutory Audit Committee

The purpose of the Statutory Audit Committee (CAE), is to give support to the Company’s Board of Directors in the performance of its duties and, without detriment to other duties provided for in Company’s by-laws and approved by the Board of Directors, this Committee shall review and issue opinion on the following matters:

  1. Hiring and dismissal of independent auditor;
  2. The performance, independence, and quality of independent auditors’ and internal auditors’ work;
  3. The quality, reliability and integrity of financial statements;
  4. The Effectiveness of internal control processes in the generation of financial reports.
  • Clemir Carlos Magro (President)
  • Elionor Farah Jreige Weffort

 

Nomination, Compensation and Succession Committee

The Nomination, Compensation and Succession Committee is a permanent statutory body directly linked to the Company’s Board of Directors. The purpose of this Committee is to give support to the Board of Directors in the fulfillment of its duties, with respect to matters of nomination, compensation and succession provided for in its internal regulations, as well as discuss other matters related to the scope of this Committee.
The Committee will act to meet the set forth in Law 13,303/16 and in Decree 8,945/16, exercising the attributions of the eligibility committee for both BR and its subsidiary and controlled companies covered by said legislation.

  • Roberto Oliveira de Lima (President)
  • Shakhaf Wine

 

Minority Shareholders Committee

The Minority Shareholders Committee is an independent and permanent statutory body. Its reunions will occur when there are matters in the agenda of the Board of Directors related to the scope of the Committee.
The Committee is directly linked to the Company’s Board of Directors. The purpose of this Committee is to give support to the Board of Directors in the fulfillment of its duties, with regards to evaluate and making statements in operations with the Government, its municipalities and foundations, as well as in operations with Petrobras and federal state enterprises, provided it is outside the normal course of business of the Company, and that it is within the purview of the Board of Directors’ approval, the Minority Committee shall render prior advice, in order to give alignment to the best practices of corporate governance, guaranteeing the transparency and impartiality of the operation for the non-controlling shareholders.

  • Shakhaf Wine (President)
  • Gregory Louis Piccininno

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