Corporate Governance

At Itaúsa S.A., Patrícia has been a Member of the Board of Directors (independent member), Coordinator of the Governance and Personnel Committee and Member of the Strategy and New Business Committee since May 2021, and a Member of the Related Parties Committee since August 2021 and of the Audit Committee since August 2022.

She is a Founding Partner, Supervisor and Member of the Investment Committee of Unbox Capital, an investment company that supports the growth of companies by establishing partnerships with entrepreneurs and asset managers.

She has more than 20 years of experience in Investment Banking, having worked in the Mergers & Acquisitions team of J.P. Morgan in New York and São Paulo. She was Head of Investment Banking and Corporate Banking at J.P. Morgan in Brazil, responsible for all relationships and transactions with Brazilian and multinational companies. During her career, she provided advisory services to companies in strategic transactions of mergers, acquisitions and divestments and in capitalizations through debt surveys and IPOs.

She is the Officer of the Mulheres do Brasil (Women of Brazil) Group and was nominated twice for the “Mulheres de Valor” (Valuable Women) award of the Valor newspaper. She serves on the Council of the Program for Finance Studies of the Columbia Business School and on the Columbia University Council in Brazil.

She holds a Bachelor’s degree in Economics from Pontíficia Universidade Católica do Rio de Janeiro, Brazil, and an MBA from Columbia Business School (class of 1995).

At Itaúsa, Edson has been a Member of the Board of Directors (non-executive member) since May 2021, having served as an Alternate Member of the Board of Directors from May 2019 to May 2021, Coordinator of the Related Parties Committee since August 2021 and of the Audit Committee since August 2002 and a Member of the Governance and Personnel, and Sustainability and Risks committees since May 2021.

At Fundação Antonio e Helena Zerrenner Instituição Nacional de Beneficência, he has been a Member of the Board of Directors since May 2018, Executive Officer since July 2012, Coordinator of the Ethics Committee since May 2020 and Member since December 2016, Coordinator of the Governance in Data Protection Committee since November 2020, Coordinator of the Finance and Investments Committee since February 2019 and was a Member of the Advisory Committee from December 2004 to August 2012.

At AMBEV S.A. he was Health and Benefits Vice President from July 2019 to March 2020, Benefits Officer from January 2015 to June 2019, Corporate Relations Officer from June 2011 to December 2014 and Strategic Planning Manager from May 2000 to December 2003; Global Finance and Excise Tax Vice President at Anheuser-Busch InBev from 2009 to 2011 and Member of the Fiscal Council of Instituto de Previdência Privada da AmBev (Ambev Private Pension Institute) – IAPP from January 2004 to July 2007.

He graduated in both Economics and Business Administration from Fundação Armando Álvares Penteado (FAAP) in 1985 and 1986, respectively, and earned a Master’s degree in Business Administration from Universidade de São Paulo (FIA/USP) in 1998.

At Itaúsa S.A., Ricardo Setubal has been an Alternate Member of the Board of Directors (executive member) since April 2009, Executive Director Vice President since May 2022 and was Director Vice President from May 2021 to April 2022. He has also been a Member of the Governance and Personnel Committee since May 2021 and of the Audit Committee since August 2022, Acting Co-Coordinator of the Sustainability and Risks Committee since August 2022 and Member since May 2021, Member of the Audit and Risks Council since April 2017, Member of the Capital Markets Council since May 2009 and of the Finance, Investments, and Personnel and Ethics councils since April 2017, Member of the Audit and Risks Council since April 2017 and of the Corporate Governance Council since July 2020, Member of the Sustainability Council since June 2019 and Member of the Investment Policies Committee from August 2008 to May 2010.

At Dexco S.A., he has been a Member of the Board of Directors since April 2008 and was Vice Chairman of the Board of Directors from April 2009 to April 2017. He has also been a Member of the Sustainability Committee since April 2018, Member of the Disclosure and Trading Committee since May 2020, and he was a Member of the Personnel, Governance and Nomination Committee from November 2009 to May 2020 and a Member of the Audit and Risk Management Committee from November 2009 to March 2022.

At Itautec S.A. – Itautec Group, he was Chairman of the Board of Directors from February 2010 to August 2019, Alternate Member from April 2009 to January 2010 and Effective Member from April 1999 to April 2008. He was also a Member of the Disclosure Committee from September 2010 to August 2019, Executive Director Vice President from April 1999 to January 2010 and Member of the Audit and Risk Management, Strategy, and Personnel and Governance committees from September 2010 to January 2015.

At the Brazilian Institute of Corporate Governance (IBGC), he was a Member of the Board of Directors from March 2014 to March 2019, Vice Chairman from March 2016 to March 2018 and Chairman from March 2018 to March 2019.

He graduated in Law from Universidade de São Paulo (USP) in 1988 and earned a Bachelor’s degree in Business Administration from Fundação Getulio Vargas (FGV) in 1984 and a specialization (PMD 69) from Harvard University in 1995.

At Itaúsa S.A., Vicente has been a Member of the Board of Directors (independent member) since May 2021, Coordinator of the Strategy and New Business Committee since May 2021, Member of the Governance and Personnel Committee since May 2021 and Member of the Related Parties Committee since August 2021.

Member of the Board of Directors of Copa Energia Distribuidora de Gás S.A. since May 2021. Member and Vice Chairman of the Board of Directors and Member of the Personnel and ESG committees of CCR S.A. since September 2022 and Member of the Board of Directors of Randon S.A. Implementos e Participações since April 2002 . He was an Effective Member of the Board of Directors of Liquigás Distribuidora S.A. from May 2021 to December 2022.

At McKinsey & Company Inc., he has been an Emeritus Senior Partner since February 2022 and was Senior Partner from 2008 to 2022 and a Leader responsible for the Practice of B2B Companies for Latin America from 2018 to 2021. He was also a Member of the Global Committee of Election of Partners from amongst External Candidates from 2017 to 2022, Member of the Global Committee of Risks Associated with Customer Service from 2016 to 2022, having worked as the partner responsible for the Brazilian Office from 2011 to 2018, Leader responsible for the Practice of Advanced Industries in Latin America from 2012 to 2017, Member of the global task force in charge of improving the firm’s governance from 2015 to 2016, Member of the Global Committee of Partner Assessment from 2009 to 2014, Member of the global task force in charge of reviewing the firm’s values from 2011 to 2012, Leader responsible for the Practice of Operations in Latin America from 2010 to 2012, Partner from 2002 to 2008, Associate Partner and Project Manager and Associate from 1997 to 2002.

Member of the Higher Board of Fundação José Luiz Egydio Setubal since February 2023; Member of the Advisory Board of Generation Brasil since 2020; Member of the Board of the São Paulo Art Museum (MASP) since 2015; Member of the Advisory Board of Brazil’s Wharton Alumni Club since 2016.

He held many positions, including Head of Deep Waters Equipment Development at Petróleo Brasileiro S.A. (Petrobras) from 1985 to 1997 and Member of the Board of the Brazil-Portugal Chamber of Commerce between 2015 and 2022.

He graduated in Civil Engineering from the Universidade Federal de Minas Gerais in 1985, in Petroleum Engineering from Petróleo Brasileiro S.A in 1986 and earned a Master’s degree in Finance from The Wharton School, University of Pennsylvania in 1997.

Rodolfo Villela has been a Member of the Board of Directors (Executive Member) of Itaúsa S.A. since May 2011, having been an Alternate Member from April 2009 to May 2011. He is Executive Vice President Director since May 2022, having served as Vice President Director from May 2015 to April 2022. He has also been a Member of the Strategy and New Business and Governance and Personnel committees since May 2021; Interim Co-Coordinator of the Sustainability Committee since August 2022 and its Member since May 2021; Coordinator of the Personnel and Ethics Council since April 2017; Member of the Finance Council since April 2017, being a Coordinator since May 2021. He has also been a Member of the Audit and Risks, and of the Investments councils since April 2017, of the Capital Markets Council since May 2009, of the Sustainability Council since June 2019, as well as a Member of the Corporate Governance Council since July 2020.

At Dexco S.A., Mr. Villela has been a Member of the Board of Directors since August 2009 (Alternate Member from July 2024); a Member of the Personnel, Governance and Nomination Committee since May 2020 and of the Finance Committee since December 2021; Chairman of the Sustainability Committee since May 2019 and its Member since November 2009. He was also a Member of the Audit and Risk Management Committee from November 2009 to March 2022.

At Alpargatas S.A., he has been a Member of the Board of Directors since September 2017, and a Member of the Strategy and Personnel committees since October 2017 and of the Statutory Audit Committee since April 2018.

An Alternate Member of the Board of Directors of Copa Energia Distribuidora de Gás S.A. since May 2021, where he served as an Effective 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.

Mr. Villela has also been the President of Instituto Itaúsa since June 2023; a Member of the Board of Trustees of Fundação Itaú since May 2019; a Member of the Board of Directors of Instituto Unibanco since April 2014; a Member of the Board of Directors of Associação Pró-Dança since September 2019; a Member of the Advisory Council of Sociedade de Cultura Artística since June 2020; a Member of the Board of Directors of the Institute for Studies of Industrial Development (IEDI) since August 2015; a Member of the Governance Council of Todos pela Educação since April 2019; a Member of the Supervisory Council of Instituto Yandeh since August 2017; a Member of the Advisory Council of the Brazilian Tree Institute (IBÁ) since December 2017; a Member of the Young Presidents Organization – YPO/WPO since December 2011; CEO of Associação Comunitária Despertar since April 2020; a Member of the Board of Directors of Todavia Livros since March 2018; a Member of the Board of Directors of Tempo Livre PTE Ltd (“Cariuma”) since December 2017, and a Member of the Board of Directors of Livraria Dois Pontos Comércio Eletrônico S.A. since March 2021.

He holds a Bachelor’s degree in Business Administration from Escola de Administração de Empresas de São Paulo – EASP/FG – Fundação Getulio Vargas – August 1994 to June 1998. He also holds Master’s degrees in Economics and Philosophy – September 2001, and in Development Studies – September 2022, both from the London School of Economics and Political Science (LSE), United Kingdom.

At Itaúsa, Alfredo has been CEO and Investor Relations Officer S.A. since 2015 and Member of the Board of Directors since 2008 (executive member).

He has been Chairman of the Board of Directors of Dexco S.A. since 2021 and a Member since April 2015 and Member of the Board of Directors of Itaú Unibanco since 2007, Alpargatas since 2017 and Copa Energia since 2020.

Member of the Superior Committee for Guidance, Nomination and Ethics of the Brazilian Institute of Investor Relations (IBRI) since 2010, having been the Chairman of its Board of Directors from 2000 to 2003. He served as Chairman of the National Association of Investment Banks from 2003 to 2008. He was a Member of the Board of Directors of the Brazilian Association of Listed Companies (ABRASCA) from 1999 to 2017.

He is the Chairman of the Board of Trustees of Fundação Itaú para Educação e Cultura (Itaú Foundation for Education and Culture) - FIEC. He has been the Chairman of the Decision-Making Council of the São Paulo Art Museum (MASP) since 2015, Member of the Board of Directors of Fundação Bienal de São Paulo since 2009 and Member of the Board of Directors of the São Paulo Museum of Modern Art (MAM) and of the Contemporary Art Institute (IAC).

He holds Bachelor’s and Postgraduate degrees in Business Administration from Fundação Getulio Vargas (FGV), São Paulo, Brazil, with specialization from INSEAD, Fontainebleau, France.

Raul Calfat has been Chairman of the Board of Directors (independent member) of Itaúsa S.A. since May 2024 and Member since May 2023; Permanent Member of the Governance and Personnel Committee and the Sustainability Committee since May 2024; Coordinator of the Audit Committee since May 2023; Member of the Strategy and New Business and Related Parties Committees, since May 2023, which in May 2024 became a Permanent Member.

He has been Chairman of the Board of Directors of Aché Laboratórios Farmacêuticos since September 2018, an Independent Member of the Board of Directors of Embraer since April 2017 and he is currently its Vice Chairman, and an Independent Member of China Three Gorges Brasil since January 2021. He was an Independent Member of the Board of Directors of Dexco S.A. from May 2015 to April 2023 and Member of the Board of Hospital Sírio-Libanês from 2015 to 2020.

From January 2014 to April 2019, he was the Chairman of the Board of Directors of Votorantim S.A., from December 2009 to December 2018, he was a Member of the Board of Directors of Fibria Celulose S.A., and from January 2010 to December 2013, he served as CEO of Votorantim Industrial and led the cement, ore and mining, pulp, iron and steel, orange juice and energy departments of the Group. Between 2004 and 2010, he was the General Director of the holding company. Before that, between 1995 and 2003, he was the CEO of Votorantim Celulose e Papel (current Fibria) and CEO of Papel Simão from 1987 to 1992, the company where he started his career as trainee in 1973.

He was the Chairman of the São Paulo Pulp and Paper Association from 1993 to 1995 and Vice President of the Brazilian Pulp and Paper Association (Bracelpa) from 1996 to 2004. He earned a Bachelor’s degree in Business Administration from Fundação Getulio Vargas (FGV) in 1974 and attended seminars of the International Institute for Management Development (IMD) in Switzerland and in the United States (Harvard, Boston).

At Itaúsa, Edson has been a Member of the Board of Directors (non-executive member) since May 2021, having served as an Alternate Member of the Board of Directors from May 2019 to May 2021, Coordinator of the Related Parties Committee since August 2021 and of the Audit Committee since August 2002 and a Member of the Governance and Personnel, and Sustainability and Risks committees since May 2021.

At Fundação Antonio e Helena Zerrenner Instituição Nacional de Beneficência, he has been a Member of the Board of Directors since May 2018, Executive Officer since July 2012, Coordinator of the Ethics Committee since May 2020 and Member since December 2016, Coordinator of the Governance in Data Protection Committee since November 2020, Coordinator of the Finance and Investments Committee since February 2019 and was a Member of the Advisory Committee from December 2004 to August 2012.

At AMBEV S.A. he was Health and Benefits Vice President from July 2019 to March 2020, Benefits Officer from January 2015 to June 2019, Corporate Relations Officer from June 2011 to December 2014 and Strategic Planning Manager from May 2000 to December 2003; Global Finance and Excise Tax Vice President at Anheuser-Busch InBev from 2009 to 2011 and Member of the Fiscal Council of Instituto de Previdência Privada da AmBev (Ambev Private Pension Institute) – IAPP from January 2004 to July 2007.

He graduated in both Economics and Business Administration from Fundação Armando Álvares Penteado (FAAP) in 1985 and 1986, respectively, and earned a Master’s degree in Business Administration from Universidade de São Paulo (FIA/USP) in 1998.

Ana Lúcia is the Vice President of the Board of Directors (non-executive member) of Itaúsa S.A. since 2017. She has been a Member of the Sustainability Committee since May 2021, and was a Member of the Sustainability Council from June 2019 to April 2023. She was also a Member of the Finance Council from May 2017 to August 2018.

She has been a Member of the Board of Directors of the Itaú Unibanco Group since 2018 and has held many positions at the Group, including Member of the Board of Directors (1996 to 2001), Member of the Personnel, Nomination and Corporate Governance committees since 2018 and Member of the Environmental, Social and Climate Committee since 2019 (previously called Social Responsibility Committee).

She is a Member of the Board of Directors of Instituto Itaúsa since June 2023 and Alternate Member of the Board of Directors of IUPAR – Itaú Unibanco Participações S.A. since June 2018; Vice President of the Board of Trustees of Fundação Itaú since 2020; Member of the Advisory Council of Itaú Social since 2017, Member of the Advisory Council of Itaú Cultural since 1995; Member of the Executive Board of Itaú Cultural since 2017; Co-Founder of AlanaLab (Maria Farinha Filmes and Flow) since 2014; Founding Chairwoman of the Alana Foundation since 2012; CEO of the Alana Institute since 2002; Member of the Advisory Board of the Brincante Institute since 2001 and Ashoka Fellow since 2010.

Since 2018, she has been the first representative from Latin America on the Innovation Board of XPrize, a non-profit organization set up by Peter Diamandis, who designs and manages global competitions to encourage the development of new technologies to help address some of humanity's greatest challenges. Ana Lúcia is a Member of the Board of Participant, founded by social entrepreneur Jeff Skoll, which is a leading organization in media and entertainment that inspires and engages its audience towards social change. She has also been a Member of the Stanford Down Syndrome Research Center Advisory Board since January 2022 and of the UCLA Lab School Board of Advisors since May 2022.

She was a Member of the Advisory Board of the Akatu Institute (2013 to 2017), Member of the Advisory Board of the Fairplay Organization (2015 to 2017), Member of the Advisory Board of Conectas (2003 to 2018); and Alternate Member of the Board of Directors (2018 to 2020 and from April to July 2024) and a Member of the Sustainability Committee of Dexco S.A. (2015 to 2018).

She holds a Bachelor’s degree in Education with a qualification in School Administration and a Master’s degree in Educational Psychology, both from the Pontifícia Universidade Católica de São Paulo (PUC-SP), São Paulo, Brazil. She also took a graduate course in Business Administration at Fundação Armando Álvares Penteado (FAAP), São Paulo, Brazil (incomplete) and a postgraduate course in Third Sector Administration at Fundação Getulio Vargas (FGV), São Paulo Brazil (incomplete).

Marcelo is a chemical engineer with a master's degree in renewable energy.

He has already worked at the NGO Greenpeace, where he worked for 24 years in international positions and as executive director of the organization in Brazil.

He is on the board of Natura Finance – an international non-governmental organization that works to align global finance.

He is currently chairman of the board of the WRI (World Resources Institute) Brazil, a global research institute that works on the climate cause.

He is a member of the Sustainability Committee at Dexco S.A. and also at Marfrig.

At Itaúsa S.A., he came to lead Instituto Itaúsa and consolidate our ESG strategy, as Head of Sustainability.

At Itaúsa S.A., Ricardo Setubal has been an Alternate Member of the Board of Directors (executive member) since April 2009, Executive Director Vice President since May 2022 and was Director Vice President from May 2021 to April 2022. He has also been a Member of the Governance and Personnel Committee since May 2021 and of the Audit Committee since August 2022, Acting Co-Coordinator of the Sustainability and Risks Committee since August 2022 and Member since May 2021, Member of the Audit and Risks Council since April 2017, Member of the Capital Markets Council since May 2009 and of the Finance, Investments, and Personnel and Ethics councils since April 2017, Member of the Audit and Risks Council since April 2017 and of the Corporate Governance Council since July 2020, Member of the Sustainability Council since June 2019 and Member of the Investment Policies Committee from August 2008 to May 2010.

At Dexco S.A., he has been a Member of the Board of Directors since April 2008 and was Vice Chairman of the Board of Directors from April 2009 to April 2017. He has also been a Member of the Sustainability Committee since April 2018, Member of the Disclosure and Trading Committee since May 2020, and he was a Member of the Personnel, Governance and Nomination Committee from November 2009 to May 2020 and a Member of the Audit and Risk Management Committee from November 2009 to March 2022.

At Itautec S.A. – Itautec Group, he was Chairman of the Board of Directors from February 2010 to August 2019, Alternate Member from April 2009 to January 2010 and Effective Member from April 1999 to April 2008. He was also a Member of the Disclosure Committee from September 2010 to August 2019, Executive Director Vice President from April 1999 to January 2010 and Member of the Audit and Risk Management, Strategy, and Personnel and Governance committees from September 2010 to January 2015.

At the Brazilian Institute of Corporate Governance (IBGC), he was a Member of the Board of Directors from March 2014 to March 2019, Vice Chairman from March 2016 to March 2018 and Chairman from March 2018 to March 2019.

He graduated in Law from Universidade de São Paulo (USP) in 1988 and earned a Bachelor’s degree in Business Administration from Fundação Getulio Vargas (FGV) in 1984 and a specialization (PMD 69) from Harvard University in 1995.

Rodolfo Villela has been a Member of the Board of Directors (Executive Member) of Itaúsa S.A. since May 2011, having been an Alternate Member from April 2009 to May 2011. He is Executive Vice President Director since May 2022, having served as Vice President Director from May 2015 to April 2022. He has also been a Member of the Strategy and New Business and Governance and Personnel committees since May 2021; Interim Co-Coordinator of the Sustainability Committee since August 2022 and its Member since May 2021; Coordinator of the Personnel and Ethics Council since April 2017; Member of the Finance Council since April 2017, being a Coordinator since May 2021. He has also been a Member of the Audit and Risks, and of the Investments councils since April 2017, of the Capital Markets Council since May 2009, of the Sustainability Council since June 2019, as well as a Member of the Corporate Governance Council since July 2020.

At Dexco S.A., Mr. Villela has been a Member of the Board of Directors since August 2009 (Alternate Member from July 2024); a Member of the Personnel, Governance and Nomination Committee since May 2020 and of the Finance Committee since December 2021; Chairman of the Sustainability Committee since May 2019 and its Member since November 2009. He was also a Member of the Audit and Risk Management Committee from November 2009 to March 2022.

At Alpargatas S.A., he has been a Member of the Board of Directors since September 2017, and a Member of the Strategy and Personnel committees since October 2017 and of the Statutory Audit Committee since April 2018.

An Alternate Member of the Board of Directors of Copa Energia Distribuidora de Gás S.A. since May 2021, where he served as an Effective 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.

Mr. Villela has also been the President of Instituto Itaúsa since June 2023; a Member of the Board of Trustees of Fundação Itaú since May 2019; a Member of the Board of Directors of Instituto Unibanco since April 2014; a Member of the Board of Directors of Associação Pró-Dança since September 2019; a Member of the Advisory Council of Sociedade de Cultura Artística since June 2020; a Member of the Board of Directors of the Institute for Studies of Industrial Development (IEDI) since August 2015; a Member of the Governance Council of Todos pela Educação since April 2019; a Member of the Supervisory Council of Instituto Yandeh since August 2017; a Member of the Advisory Council of the Brazilian Tree Institute (IBÁ) since December 2017; a Member of the Young Presidents Organization – YPO/WPO since December 2011; CEO of Associação Comunitária Despertar since April 2020; a Member of the Board of Directors of Todavia Livros since March 2018; a Member of the Board of Directors of Tempo Livre PTE Ltd (“Cariuma”) since December 2017, and a Member of the Board of Directors of Livraria Dois Pontos Comércio Eletrônico S.A. since March 2021.

He holds a Bachelor’s degree in Business Administration from Escola de Administração de Empresas de São Paulo – EASP/FG – Fundação Getulio Vargas – August 1994 to June 1998. He also holds Master’s degrees in Economics and Philosophy – September 2001, and in Development Studies – September 2022, both from the London School of Economics and Political Science (LSE), United Kingdom.

At Itaúsa, Alfredo has been CEO and Investor Relations Officer S.A. since 2015 and Member of the Board of Directors since 2008 (executive member).

He has been Chairman of the Board of Directors of Dexco S.A. since 2021 and a Member since April 2015 and Member of the Board of Directors of Itaú Unibanco since 2007, Alpargatas since 2017 and Copa Energia since 2020.

Member of the Superior Committee for Guidance, Nomination and Ethics of the Brazilian Institute of Investor Relations (IBRI) since 2010, having been the Chairman of its Board of Directors from 2000 to 2003. He served as Chairman of the National Association of Investment Banks from 2003 to 2008. He was a Member of the Board of Directors of the Brazilian Association of Listed Companies (ABRASCA) from 1999 to 2017.

He is the Chairman of the Board of Trustees of Fundação Itaú para Educação e Cultura (Itaú Foundation for Education and Culture) - FIEC. He has been the Chairman of the Decision-Making Council of the São Paulo Art Museum (MASP) since 2015, Member of the Board of Directors of Fundação Bienal de São Paulo since 2009 and Member of the Board of Directors of the São Paulo Museum of Modern Art (MAM) and of the Contemporary Art Institute (IAC).

He holds Bachelor’s and Postgraduate degrees in Business Administration from Fundação Getulio Vargas (FGV), São Paulo, Brazil, with specialization from INSEAD, Fontainebleau, France.

Raul Calfat has been Chairman of the Board of Directors (independent member) of Itaúsa S.A. since May 2024 and Member since May 2023; Permanent Member of the Governance and Personnel Committee and the Sustainability Committee since May 2024; Coordinator of the Audit Committee since May 2023; Member of the Strategy and New Business and Related Parties Committees, since May 2023, which in May 2024 became a Permanent Member.

He has been Chairman of the Board of Directors of Aché Laboratórios Farmacêuticos since September 2018, an Independent Member of the Board of Directors of Embraer since April 2017 and he is currently its Vice Chairman, and an Independent Member of China Three Gorges Brasil since January 2021. He was an Independent Member of the Board of Directors of Dexco S.A. from May 2015 to April 2023 and Member of the Board of Hospital Sírio-Libanês from 2015 to 2020.

From January 2014 to April 2019, he was the Chairman of the Board of Directors of Votorantim S.A., from December 2009 to December 2018, he was a Member of the Board of Directors of Fibria Celulose S.A., and from January 2010 to December 2013, he served as CEO of Votorantim Industrial and led the cement, ore and mining, pulp, iron and steel, orange juice and energy departments of the Group. Between 2004 and 2010, he was the General Director of the holding company. Before that, between 1995 and 2003, he was the CEO of Votorantim Celulose e Papel (current Fibria) and CEO of Papel Simão from 1987 to 1992, the company where he started his career as trainee in 1973.

He was the Chairman of the São Paulo Pulp and Paper Association from 1993 to 1995 and Vice President of the Brazilian Pulp and Paper Association (Bracelpa) from 1996 to 2004. He earned a Bachelor’s degree in Business Administration from Fundação Getulio Vargas (FGV) in 1974 and attended seminars of the International Institute for Management Development (IMD) in Switzerland and in the United States (Harvard, Boston).

At Itaúsa S.A., Vicente has been a Member of the Board of Directors (independent member) since May 2021, Coordinator of the Strategy and New Business Committee since May 2021, Member of the Governance and Personnel Committee since May 2021 and Member of the Related Parties Committee since August 2021.

Member of the Board of Directors of Copa Energia Distribuidora de Gás S.A. since May 2021. Member and Vice Chairman of the Board of Directors and Member of the Personnel and ESG committees of CCR S.A. since September 2022 and Member of the Board of Directors of Randon S.A. Implementos e Participações since April 2002 . He was an Effective Member of the Board of Directors of Liquigás Distribuidora S.A. from May 2021 to December 2022.

At McKinsey & Company Inc., he has been an Emeritus Senior Partner since February 2022 and was Senior Partner from 2008 to 2022 and a Leader responsible for the Practice of B2B Companies for Latin America from 2018 to 2021. He was also a Member of the Global Committee of Election of Partners from amongst External Candidates from 2017 to 2022, Member of the Global Committee of Risks Associated with Customer Service from 2016 to 2022, having worked as the partner responsible for the Brazilian Office from 2011 to 2018, Leader responsible for the Practice of Advanced Industries in Latin America from 2012 to 2017, Member of the global task force in charge of improving the firm’s governance from 2015 to 2016, Member of the Global Committee of Partner Assessment from 2009 to 2014, Member of the global task force in charge of reviewing the firm’s values from 2011 to 2012, Leader responsible for the Practice of Operations in Latin America from 2010 to 2012, Partner from 2002 to 2008, Associate Partner and Project Manager and Associate from 1997 to 2002.

Member of the Higher Board of Fundação José Luiz Egydio Setubal since February 2023; Member of the Advisory Board of Generation Brasil since 2020; Member of the Board of the São Paulo Art Museum (MASP) since 2015; Member of the Advisory Board of Brazil’s Wharton Alumni Club since 2016.

He held many positions, including Head of Deep Waters Equipment Development at Petróleo Brasileiro S.A. (Petrobras) from 1985 to 1997 and Member of the Board of the Brazil-Portugal Chamber of Commerce between 2015 and 2022.

He graduated in Civil Engineering from the Universidade Federal de Minas Gerais in 1985, in Petroleum Engineering from Petróleo Brasileiro S.A in 1986 and earned a Master’s degree in Finance from The Wharton School, University of Pennsylvania in 1997.

At Itaúsa S.A., Patrícia has been a Member of the Board of Directors (independent member), Coordinator of the Governance and Personnel Committee and Member of the Strategy and New Business Committee since May 2021, and a Member of the Related Parties Committee since August 2021 and of the Audit Committee since August 2022.

She is a Founding Partner, Supervisor and Member of the Investment Committee of Unbox Capital, an investment company that supports the growth of companies by establishing partnerships with entrepreneurs and asset managers.

She has more than 20 years of experience in Investment Banking, having worked in the Mergers & Acquisitions team of J.P. Morgan in New York and São Paulo. She was Head of Investment Banking and Corporate Banking at J.P. Morgan in Brazil, responsible for all relationships and transactions with Brazilian and multinational companies. During her career, she provided advisory services to companies in strategic transactions of mergers, acquisitions and divestments and in capitalizations through debt surveys and IPOs.

She is the Officer of the Mulheres do Brasil (Women of Brazil) Group and was nominated twice for the “Mulheres de Valor” (Valuable Women) award of the Valor newspaper. She serves on the Council of the Program for Finance Studies of the Columbia Business School and on the Columbia University Council in Brazil.

She holds a Bachelor’s degree in Economics from Pontíficia Universidade Católica do Rio de Janeiro, Brazil, and an MBA from Columbia Business School (class of 1995).

At Itaúsa S.A., he has been an Alternate Member of the Board of Directors (non-executive member) since April 2011, Member of the Strategy and New Business Committee since May 2021, Member of the Sustainability Council since June 2019 and was a Member of the Investment Policies Committee from 2008 to 2011.

At the Itaú Unibanco Group, he has been Vice Chairman of the Board of Directors since 2020, having also served as a Member of the Board of Directors (2008 to 2020) and Chairman of the bank’s Latin America Strategic Council since 2018. He has held several positions at the Itaú Unibanco Group since 2002, including Vice President (2010 to 2018).

He was an Alternate Member of the Board of Directors of Dexco S.A. from 2009 to 2018. He was an Alternate Member of the Board of Directors of Itautec S.A. – Itautec Group from 2009 to 2019 and Alternate Member of the Board of Directors of Elekeiroz S.A. from 2009 to 2018.

He holds a Bachelor’s degree in Mechanical Engineering from the Escola Politécnica da Universidade de São Paulo (USP), São Paulo, Brazil, and a Master’s degree in Business Administration from the MIT Sloan School of Management, Cambridge, Massachusetts, United States.

Roberto has been a member of the Board of Directors (non-executive member) of Itaúsa S.A. since May 2021 and he is also the Vice President.

He has been the Co-Chairman of the Board of Directors of Itaú Unibanco Holding S.A. since 2017. He started his career at Banco Itaú in 1980 and held different positions before he was appointed in 1994 as the CEO of the institution and was in office until April 2008 when he became the CEO of Itaú Unibanco and was in office until 2017.

He is also a Member of the Board of CCR, of Fundação Itaú para Educação e Cultura (Itaú Foundation for Education and Culture) and of Centro de Lideranças Públicas (Center of Public Leaderships) – CLP.

Between 1994 and 2020, he was a member of the International Monetary Conference, of which he was the Chairman in 2015. From 1997 to 2000, he was the Chairman of the Brazilian Federation of Bank Associations (FEBRABAN) and from 2011 to 2017, he was the Chairman of the Board of this institution. He was a member of the Board of Directors of the Institute of International Finance (IIF), having served as Vice Chairman from 2003 to 2014. Between 2002 and 2008, he was a Member of the International Advisory Committee of the Federal Reserve Bank of New York. In 2011, he was named Banker of the Year by Euromoney magazine. He was a Member of the Board of Directors of Petrobras between 2000 and 2002 and a Member of the Board of Directors of Shell between 2017 and 2020.

He holds a Bachelor’s degree in Production Engineering from Escola Politécnica da Universidade de São Paulo (USP), São Paulo, Brazil, and a Master’s degree in Science Engineering from Stanford University, California, United States.

Rodolfo Villela has been a Member of the Board of Directors (Executive Member) of Itaúsa S.A. since May 2011, having been an Alternate Member from April 2009 to May 2011. He is Executive Vice President Director since May 2022, having served as Vice President Director from May 2015 to April 2022. He has also been a Member of the Strategy and New Business and Governance and Personnel committees since May 2021; Interim Co-Coordinator of the Sustainability Committee since August 2022 and its Member since May 2021; Coordinator of the Personnel and Ethics Council since April 2017; Member of the Finance Council since April 2017, being a Coordinator since May 2021. He has also been a Member of the Audit and Risks, and of the Investments councils since April 2017, of the Capital Markets Council since May 2009, of the Sustainability Council since June 2019, as well as a Member of the Corporate Governance Council since July 2020.

At Dexco S.A., Mr. Villela has been a Member of the Board of Directors since August 2009 (Alternate Member from July 2024); a Member of the Personnel, Governance and Nomination Committee since May 2020 and of the Finance Committee since December 2021; Chairman of the Sustainability Committee since May 2019 and its Member since November 2009. He was also a Member of the Audit and Risk Management Committee from November 2009 to March 2022.

At Alpargatas S.A., he has been a Member of the Board of Directors since September 2017, and a Member of the Strategy and Personnel committees since October 2017 and of the Statutory Audit Committee since April 2018.

An Alternate Member of the Board of Directors of Copa Energia Distribuidora de Gás S.A. since May 2021, where he served as an Effective 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.

Mr. Villela has also been the President of Instituto Itaúsa since June 2023; a Member of the Board of Trustees of Fundação Itaú since May 2019; a Member of the Board of Directors of Instituto Unibanco since April 2014; a Member of the Board of Directors of Associação Pró-Dança since September 2019; a Member of the Advisory Council of Sociedade de Cultura Artística since June 2020; a Member of the Board of Directors of the Institute for Studies of Industrial Development (IEDI) since August 2015; a Member of the Governance Council of Todos pela Educação since April 2019; a Member of the Supervisory Council of Instituto Yandeh since August 2017; a Member of the Advisory Council of the Brazilian Tree Institute (IBÁ) since December 2017; a Member of the Young Presidents Organization – YPO/WPO since December 2011; CEO of Associação Comunitária Despertar since April 2020; a Member of the Board of Directors of Todavia Livros since March 2018; a Member of the Board of Directors of Tempo Livre PTE Ltd (“Cariuma”) since December 2017, and a Member of the Board of Directors of Livraria Dois Pontos Comércio Eletrônico S.A. since March 2021.

He holds a Bachelor’s degree in Business Administration from Escola de Administração de Empresas de São Paulo – EASP/FG – Fundação Getulio Vargas – August 1994 to June 1998. He also holds Master’s degrees in Economics and Philosophy – September 2001, and in Development Studies – September 2022, both from the London School of Economics and Political Science (LSE), United Kingdom.

At Itaúsa, Alfredo has been CEO and Investor Relations Officer S.A. since 2015 and Member of the Board of Directors since 2008 (executive member).

He has been Chairman of the Board of Directors of Dexco S.A. since 2021 and a Member since April 2015 and Member of the Board of Directors of Itaú Unibanco since 2007, Alpargatas since 2017 and Copa Energia since 2020.

Member of the Superior Committee for Guidance, Nomination and Ethics of the Brazilian Institute of Investor Relations (IBRI) since 2010, having been the Chairman of its Board of Directors from 2000 to 2003. He served as Chairman of the National Association of Investment Banks from 2003 to 2008. He was a Member of the Board of Directors of the Brazilian Association of Listed Companies (ABRASCA) from 1999 to 2017.

He is the Chairman of the Board of Trustees of Fundação Itaú para Educação e Cultura (Itaú Foundation for Education and Culture) - FIEC. He has been the Chairman of the Decision-Making Council of the São Paulo Art Museum (MASP) since 2015, Member of the Board of Directors of Fundação Bienal de São Paulo since 2009 and Member of the Board of Directors of the São Paulo Museum of Modern Art (MAM) and of the Contemporary Art Institute (IAC).

He holds Bachelor’s and Postgraduate degrees in Business Administration from Fundação Getulio Vargas (FGV), São Paulo, Brazil, with specialization from INSEAD, Fontainebleau, France.

Raul Calfat has been Chairman of the Board of Directors (independent member) of Itaúsa S.A. since May 2024 and Member since May 2023; Permanent Member of the Governance and Personnel Committee and the Sustainability Committee since May 2024; Coordinator of the Audit Committee since May 2023; Member of the Strategy and New Business and Related Parties Committees, since May 2023, which in May 2024 became a Permanent Member.

He has been Chairman of the Board of Directors of Aché Laboratórios Farmacêuticos since September 2018, an Independent Member of the Board of Directors of Embraer since April 2017 and he is currently its Vice Chairman, and an Independent Member of China Three Gorges Brasil since January 2021. He was an Independent Member of the Board of Directors of Dexco S.A. from May 2015 to April 2023 and Member of the Board of Hospital Sírio-Libanês from 2015 to 2020.

From January 2014 to April 2019, he was the Chairman of the Board of Directors of Votorantim S.A., from December 2009 to December 2018, he was a Member of the Board of Directors of Fibria Celulose S.A., and from January 2010 to December 2013, he served as CEO of Votorantim Industrial and led the cement, ore and mining, pulp, iron and steel, orange juice and energy departments of the Group. Between 2004 and 2010, he was the General Director of the holding company. Before that, between 1995 and 2003, he was the CEO of Votorantim Celulose e Papel (current Fibria) and CEO of Papel Simão from 1987 to 1992, the company where he started his career as trainee in 1973.

He was the Chairman of the São Paulo Pulp and Paper Association from 1993 to 1995 and Vice President of the Brazilian Pulp and Paper Association (Bracelpa) from 1996 to 2004. He earned a Bachelor’s degree in Business Administration from Fundação Getulio Vargas (FGV) in 1974 and attended seminars of the International Institute for Management Development (IMD) in Switzerland and in the United States (Harvard, Boston).

At Itaúsa, Edson has been a Member of the Board of Directors (non-executive member) since May 2021, having served as an Alternate Member of the Board of Directors from May 2019 to May 2021, Coordinator of the Related Parties Committee since August 2021 and of the Audit Committee since August 2002 and a Member of the Governance and Personnel, and Sustainability and Risks committees since May 2021.

At Fundação Antonio e Helena Zerrenner Instituição Nacional de Beneficência, he has been a Member of the Board of Directors since May 2018, Executive Officer since July 2012, Coordinator of the Ethics Committee since May 2020 and Member since December 2016, Coordinator of the Governance in Data Protection Committee since November 2020, Coordinator of the Finance and Investments Committee since February 2019 and was a Member of the Advisory Committee from December 2004 to August 2012.

At AMBEV S.A. he was Health and Benefits Vice President from July 2019 to March 2020, Benefits Officer from January 2015 to June 2019, Corporate Relations Officer from June 2011 to December 2014 and Strategic Planning Manager from May 2000 to December 2003; Global Finance and Excise Tax Vice President at Anheuser-Busch InBev from 2009 to 2011 and Member of the Fiscal Council of Instituto de Previdência Privada da AmBev (Ambev Private Pension Institute) – IAPP from January 2004 to July 2007.

He graduated in both Economics and Business Administration from Fundação Armando Álvares Penteado (FAAP) in 1985 and 1986, respectively, and earned a Master’s degree in Business Administration from Universidade de São Paulo (FIA/USP) in 1998.

At Itaúsa S.A., Patrícia has been a Member of the Board of Directors (independent member), Coordinator of the Governance and Personnel Committee and Member of the Strategy and New Business Committee since May 2021, and a Member of the Related Parties Committee since August 2021 and of the Audit Committee since August 2022.

She is a Founding Partner, Supervisor and Member of the Investment Committee of Unbox Capital, an investment company that supports the growth of companies by establishing partnerships with entrepreneurs and asset managers.

She has more than 20 years of experience in Investment Banking, having worked in the Mergers & Acquisitions team of J.P. Morgan in New York and São Paulo. She was Head of Investment Banking and Corporate Banking at J.P. Morgan in Brazil, responsible for all relationships and transactions with Brazilian and multinational companies. During her career, she provided advisory services to companies in strategic transactions of mergers, acquisitions and divestments and in capitalizations through debt surveys and IPOs.

She is the Officer of the Mulheres do Brasil (Women of Brazil) Group and was nominated twice for the “Mulheres de Valor” (Valuable Women) award of the Valor newspaper. She serves on the Council of the Program for Finance Studies of the Columbia Business School and on the Columbia University Council in Brazil.

She holds a Bachelor’s degree in Economics from Pontíficia Universidade Católica do Rio de Janeiro, Brazil, and an MBA from Columbia Business School (class of 1995).

At Itaúsa S.A., Vicente has been a Member of the Board of Directors (independent member) since May 2021, Coordinator of the Strategy and New Business Committee since May 2021, Member of the Governance and Personnel Committee since May 2021 and Member of the Related Parties Committee since August 2021.

Member of the Board of Directors of Copa Energia Distribuidora de Gás S.A. since May 2021. Member and Vice Chairman of the Board of Directors and Member of the Personnel and ESG committees of CCR S.A. since September 2022 and Member of the Board of Directors of Randon S.A. Implementos e Participações since April 2002 . He was an Effective Member of the Board of Directors of Liquigás Distribuidora S.A. from May 2021 to December 2022.

At McKinsey & Company Inc., he has been an Emeritus Senior Partner since February 2022 and was Senior Partner from 2008 to 2022 and a Leader responsible for the Practice of B2B Companies for Latin America from 2018 to 2021. He was also a Member of the Global Committee of Election of Partners from amongst External Candidates from 2017 to 2022, Member of the Global Committee of Risks Associated with Customer Service from 2016 to 2022, having worked as the partner responsible for the Brazilian Office from 2011 to 2018, Leader responsible for the Practice of Advanced Industries in Latin America from 2012 to 2017, Member of the global task force in charge of improving the firm’s governance from 2015 to 2016, Member of the Global Committee of Partner Assessment from 2009 to 2014, Member of the global task force in charge of reviewing the firm’s values from 2011 to 2012, Leader responsible for the Practice of Operations in Latin America from 2010 to 2012, Partner from 2002 to 2008, Associate Partner and Project Manager and Associate from 1997 to 2002.

Member of the Higher Board of Fundação José Luiz Egydio Setubal since February 2023; Member of the Advisory Board of Generation Brasil since 2020; Member of the Board of the São Paulo Art Museum (MASP) since 2015; Member of the Advisory Board of Brazil’s Wharton Alumni Club since 2016.

He held many positions, including Head of Deep Waters Equipment Development at Petróleo Brasileiro S.A. (Petrobras) from 1985 to 1997 and Member of the Board of the Brazil-Portugal Chamber of Commerce between 2015 and 2022.

He graduated in Civil Engineering from the Universidade Federal de Minas Gerais in 1985, in Petroleum Engineering from Petróleo Brasileiro S.A in 1986 and earned a Master’s degree in Finance from The Wharton School, University of Pennsylvania in 1997.

Raul Calfat has been Chairman of the Board of Directors (independent member) of Itaúsa S.A. since May 2024 and Member since May 2023; Permanent Member of the Governance and Personnel Committee and the Sustainability Committee since May 2024; Coordinator of the Audit Committee since May 2023; Member of the Strategy and New Business and Related Parties Committees, since May 2023, which in May 2024 became a Permanent Member.

He has been Chairman of the Board of Directors of Aché Laboratórios Farmacêuticos since September 2018, an Independent Member of the Board of Directors of Embraer since April 2017 and he is currently its Vice Chairman, and an Independent Member of China Three Gorges Brasil since January 2021. He was an Independent Member of the Board of Directors of Dexco S.A. from May 2015 to April 2023 and Member of the Board of Hospital Sírio-Libanês from 2015 to 2020.

From January 2014 to April 2019, he was the Chairman of the Board of Directors of Votorantim S.A., from December 2009 to December 2018, he was a Member of the Board of Directors of Fibria Celulose S.A., and from January 2010 to December 2013, he served as CEO of Votorantim Industrial and led the cement, ore and mining, pulp, iron and steel, orange juice and energy departments of the Group. Between 2004 and 2010, he was the General Director of the holding company. Before that, between 1995 and 2003, he was the CEO of Votorantim Celulose e Papel (current Fibria) and CEO of Papel Simão from 1987 to 1992, the company where he started his career as trainee in 1973.

He was the Chairman of the São Paulo Pulp and Paper Association from 1993 to 1995 and Vice President of the Brazilian Pulp and Paper Association (Bracelpa) from 1996 to 2004. He earned a Bachelor’s degree in Business Administration from Fundação Getulio Vargas (FGV) in 1974 and attended seminars of the International Institute for Management Development (IMD) in Switzerland and in the United States (Harvard, Boston).

Raul Calfat has been Chairman of the Board of Directors (independent member) of Itaúsa S.A. since May 2024 and Member since May 2023; Permanent Member of the Governance and Personnel Committee and the Sustainability Committee since May 2024; Coordinator of the Audit Committee since May 2023; Member of the Strategy and New Business and Related Parties Committees, since May 2023, which in May 2024 became a Permanent Member.

He has been Chairman of the Board of Directors of Aché Laboratórios Farmacêuticos since September 2018, an Independent Member of the Board of Directors of Embraer since April 2017 and he is currently its Vice Chairman, and an Independent Member of China Three Gorges Brasil since January 2021. He was an Independent Member of the Board of Directors of Dexco S.A. from May 2015 to April 2023 and Member of the Board of Hospital Sírio-Libanês from 2015 to 2020.

From January 2014 to April 2019, he was the Chairman of the Board of Directors of Votorantim S.A., from December 2009 to December 2018, he was a Member of the Board of Directors of Fibria Celulose S.A., and from January 2010 to December 2013, he served as CEO of Votorantim Industrial and led the cement, ore and mining, pulp, iron and steel, orange juice and energy departments of the Group. Between 2004 and 2010, he was the General Director of the holding company. Before that, between 1995 and 2003, he was the CEO of Votorantim Celulose e Papel (current Fibria) and CEO of Papel Simão from 1987 to 1992, the company where he started his career as trainee in 1973.

He was the Chairman of the São Paulo Pulp and Paper Association from 1993 to 1995 and Vice President of the Brazilian Pulp and Paper Association (Bracelpa) from 1996 to 2004. He earned a Bachelor’s degree in Business Administration from Fundação Getulio Vargas (FGV) in 1974 and attended seminars of the International Institute for Management Development (IMD) in Switzerland and in the United States (Harvard, Boston).

Marco has been a Member of the Audit Committee of Itaúsa S.A. since May 2023 and has more than 38 years of experience in finance at financial institutions.

He has been a Member of the Board of Directors of Banco BMG since November 2021, having served as Vice President of Risks and Finance from January 2020 to March 2022 and as CEO from September 2017 to December 2019. At Itaú Unibanco Holding S.A., Mr. Antunes was Accounting Officer from July 1999 to May 2012 and at Banco Itaú S.A., he was Superintendent of Managerial Information from May 1997 to June 1999, Manager of Costs and Budgets from January 1992 to April 1997, Supervisor from February 1989 to March 1992 and Analyst from May 1984 to January 1989. He was also a Metallurgical Engineer at Phoenix do Brasil Ltda. from January 1983 to May 1984. He holds a Bachelor’s degree in Metallurgical Engineering from Universidade Presbiteriana Mackenzie and has a specialization degree in Finance and Accounting from Universidade de São Paulo.

Isabel has been a Specialist Member of the Audit Committee of Itaúsa S.A. since May 2023. She was a Member of the Supervisory Council of Dexco S.A. from April 2022 to April 2023. Mrs. Lopes has been a Statutory Member of the Audit Committee of Banco Original since September 2019. She has been a Professor and Advisor at FIPECAFI since May 2017 and also Professor and Advisor at FBM Educação. She has been an Officer at BIP Brasil - Financial Services since July 2016. She holds a Postgraduate degree in Controllership and Accounting from FEA-USP, a Masters degree from FECAP and an Executive MBA degree in Managing in The Global Economy from the Business School of São Paulo and the University of Toronto. She also holds a Postgraduate degree in Financial and Accounting Administration and a Bachelor’s degree in Economics from FAAP.