Management

Board of Directors

Name Role
Jorge Luís Tonetto Chairman

He held the position of Municipal Secretary of Finance of Porto Alegre from 2014 to 2016, being Tax Audit of State Revenue of the Secretariat of Finance of RS since 1993. He was Technical Director of ABRASF and GEFIN/CONFAZ. He is Professor of Economics in International Finance and Economics of the Public Sector in the Economics course of PUCRS. He has experience in the areas of Public Finance, Economics, Public Administration, and Information Technology. He is currently Deputy Secretary of State Finance of RS. He holds a bachelor’s degree in Economics from the Pontifical Catholic University of Rio Grande do Sul (1991) and a degree in Juridical and Social Sciences from the same University (1992). He holds a postgraduate degree as a specialist in Economic Integration and International Tax Law (FGV/ESAF/European Union) and also in Theory and Operation of Modern National Economy (George Washington University). He holds the titles of Specialist in Systems Management (UFRGS) and Specialist in Political Science (PUCRS). Jorge Luís Tonetto is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Claudio Coutinho Mendes Vice Chairman

He served as Financial Officer at the National Bank for Economic and Social Development – BNDES (2016 – 2017); as Co-Founder and Co-Officer of Investments at Mare Investimentos Ltda. (2010 – 2016); as Founder and President at Banco CR2 de Investimentos S.A. (2000 – 2013); as Asset Management Manager (1986 – 1987), Sales Manager (1988 – 1989), Vice President of Sales (1989 – 1991) and Partner – Vice President (1991 – 1999) at Banco BBM S.A.; as Investment Manager at Schahin Cury Corretora (1985 – 1986); as Project Engineer for Port and Marine Construction at Dolfim Engenharia S.A. (1982 – 1984). He holds a BA in Civil Engineering from the Federal University of Rio de Janeiro (1982) and in Economics from the State University of Rio de Janeiro (1986).

Irany de Oliveira Sant’Anna Junior Board member

He is Vice-Chairman of the Board of Directors and Board of Directors of Banco do Estado do Rio Grande do Sul S.A. (since 2015), Chairman of the Board of Directors of Banrisul Administradora de Consórcios (since 2015), Chairman of the Board of Directors of Banrisul Cartão S.A. (since 2015). At the Central Bank of Brazil, he served as Deputy Chief of the Banking Supervision Department in São Paulo (2013 – 2015); Technical Manager of the Banking Supervision Department for the Southern Region (2009 – 2013); Supervisor (1998 – 2009); Inspector (1995 – 1998); Inspection Analyst (1994 – 1995). Economic-financial consultant and independent investment agent at Fininvest CFI and Bozano Simonsen DTVM (1984 – 1993); Formac’s Board Advisor (1982 – 1983). Degree in Economics from the Federal University of Rio Grande do Sul (1981).

Márcio Gomes Pinto Garcia Board member

Márcio Garcia holds a Ph.D. from the Economics Department, Stanford University (1991), Master of Economics from Stanford (1990) and PUC-Rio (1987) and production engineer from the School of Engineering of UFRJ (1982). He is an Associate Professor at the Department of Economics of PUC-Rio. He has held the chief position of the Department of Economics (1999-2002), postgraduate coordination (1997-2000) and graduation coordination (1991-1993). His areas of research are international finance (open macroeconomics) and monetary and fiscal economics, working mainly on the following topics: capital flows, capital flows controls, exchange rate, exchange rate intervention, inflation, monetary policy, public debt, and the financial system. During 2013, he was visiting scholar at the Sloan School of Management (MIT) and NBER, with a postdoctoral fellowship from CNPq.  In 2014, he was Tinker Visiting Professor at Stanford University. In 2002/3, he held postdoctoral degrees at the Economics Department, Stanford University. His recent article FX INTERVENTIONS IN BRAZIL: SYNTHETIC CONTROL APPROACH, published in 2017 in the Journal of International Economics, won the Haralambos Simeonidis Award from ANPEC for best article. He is a researcher at CNPq and Cientista Nosso Estado, from FAPERJ. He is a member of the Bellagio Group.

Eduardo Cunha da Costa Board member

PhD student in Law at the University of Rome and at the Federal University of Rio Grande do Sul (UFRGS). Guest researcher at Columbia University in New York and Paris II University. State Attorney General since May 2007. Between 2011 and 2014, he worked at the State Court of Auditors. In December 2016, he became Deputy Attorney General for Legal Affairs.
As informed, Mr. Eduardo Cunha da Costa is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Eduardo Rodrigues Macluf Board member

Graduated in Law from Universidade Católica de Pelotas, specialized in Business Strategy from FGV, he has been, since 2013, partner at Martinelli Advocacia Empresarial working in the Coordination of Tax Benefit Projects, and in the areas of Business Law, Government and Institutional Relations and Human Resources. In addition he has experience in several activities: Pelotas / RS City Council – Alderman (Jan / 2009 – Dec / 2012); Secretariat of Economic Development and Tourism of Pelotas / RS – Secretary of Economic Development and Tourism (Jan / 2011 – Apr / 2012); Secretariat of Science and Technology – Government of the State of Rio Grande do Sul – Secretary of State for Science and Technology (2010); National Secretariat for Transport and Urban Mobility – Ministry of Cities – Brasília / DF – Chief of Staff and Substitute Director of Regulation and Management (2007-2008); Association of Municipalities in the South Zone – Brasília / DF – Government Relations (2006); Chamber of Deputies – Brasília / DF – Parliamentary Advisor (2003-2006); Ministry of Agriculture, Livestock and Supply – Brasília / DF – Special Advisor to Minister Marcus Vinícius Pratini de Moraes (2001-2002); Legislative Assembly of RS – Porto Alegre / RS – Parliamentary advisor (1999-2000).

Ramiro Silveira Severo Board member, independent

Ramiro Silveira Severo has been a Strategy Consultant/Manager (since 2016), was Case Team Leader (2014 – 2015) and Analyst/Consultant (2008 – 2010 and 2012 – 2014) at Bain & Company; Management Advisor at the Planning and Management Secretariat (2007 – 2008) and at the Extraordinary Secretariat of Irrigation (2007) in the Government of the State of Rio Grande do Sul. He holds a degree in Economics from the Federal University of Rio Grande do Sul (2008) and an MBA from Columbia Business School – NY (2012).
Ramiro Silveira Severo is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange
Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has
suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

João Verner Juenemann Board member, independent

Banrisul: Board Member; Coordinator of the Audit Committee (since 2015) and member of the Eligibility and Compensation Committee (2015-04/2018). Petrobras Distribuidora S.A.: Member of the Fiscal Council (since 2018). Brazilian Institute of Corporate Governance: Member of the Nominating Committee of the Board of Directors (2011/2017) and Member of the Board of Directors (2005/2018). Dimed S.A. Distributor of Medications: Coordinator of the Audit and Risk Committee (2016/2018) and Sitting member of the Fiscal Council (2009-2015). Tupy S.A.: Member of the Audit and Risk Committees (since 2009).
Kablin S.A.: Sitting member of the Fiscal Council (since 2017). Saraiva S.A. Book Publishers: Sitting member of the Fiscal Council (2014/2017). Paquetá Calçados Ltda: Member of the Audit and Risk Committees (2016/2017). College of Vowels of the FACPC – Foundation of Support to the Accounting Pronouncements Committee: President (2015/2017). Forjas Taurus S.A.: Board Member and coordinator of the Audit and Risk Committee (2014/2017).
Institute of Management Development S.A. (Falconi Consultores de Resultados): Chairman of the Fiscal Council (2011/2017). Sonae Sierra Brasil S.A.: Sitting member of the Fiscal Council (2014/2015). Plascar Participações Industriais SA: Sitting member of the Fiscal Council (2013/2015). Banco Indusval SA: Sitting member of the Fiscal Council (2012/2015). Academic Background: Graduated in Accounting and Actuarial Sciences from PUCRS, 1962 and Business Administration from UFRGS, 1971, with Post Graduation in Auditing by UFRGS, 1965.
As informed, Mr. João Verner Juenemann is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Rafael Andréas Weber Board member elected by minority shareholders holding common shares, independent

He is Equities Manager at Austro Asset Management (since 2017); he was Research Manager at GF Asset Management (2004 – 2017); Junior Credit Analyst at Banco Santander Brasil (1999 – 2004). He holds a Bachelor’s degree in Business Administration from São Judas Tadeu/RS (1999), a post-graduate degree in Finance, Investments and Banking from PUC/RS (2019) and a Master’s Degree in Business Administration from Unisinos/RS (2009).
As informed, Mr. Rafael Andréas Weber is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Adriano Cives Seabra Board member elected by preferred shareholders, independent

Opus Investimentos – Manager of Resources (Manager and head of analysis Sep/2011 to Jan/2015). Fides Asset Management – Fund Manager (Manager and Head of Analysis Mar/2015 to Jun/2015). Even Construtora S.A. (Board Member – May 2015 to November 2015) Sabepar (Member of the Board of Directors – April 2017 up to now). Cesp (Board Member – From Apr/2017). Copasa (Fiscal Council Member – From Apr/2017).
As informed, Mr. Adriano Cives Seabra is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Board of Executive Officers

Name Role
Claudio Coutinho Mendes CEO

He served as Financial Officer at the National Bank for Economic and Social Development – BNDES (2016 – 2017); as Co-Founder and Co-Officer of Investments at Mare Investimentos Ltda. (2010 – 2016); as Founder and President at Banco CR2 de Investimentos S.A. (2000 – 2013); as Asset Management Manager (1986 – 1987), Sales Manager (1988 – 1989), Vice President of Sales (1989 – 1991) and Partner – Vice President (1991 – 1999) at Banco BBM S.A.; as Investment Manager at Schahin Cury Corretora (1985 – 1986); as Project Engineer for Port and Marine Construction at Dolfim Engenharia S.A. (1982 – 1984). He holds a BA in Civil Engineering from the Federal University of Rio de Janeiro (1982) and in Economics from the State University of Rio de Janeiro (1986).

Irany de Oliveira Sant’Anna Junior Deputy CEO and Risk and Control Officer

He is Vice-Chairman of the Board of Directors and Board of Directors of Banco do Estado do Rio Grande do Sul S.A. (since 2015), Chairman of the Board of Directors of Banrisul Administradora de Consórcios (since 2015), Chairman of the Board of Directors of Banrisul Cartão S.A. (since 2015). At the Central Bank of Brazil, he served as Deputy Chief of the Banking Supervision Department in São Paulo (2013 – 2015); Technical Manager of the Banking Supervision Department for the Southern Region (2009 – 2013); Supervisor (1998 – 2009); Inspector (1995 – 1998); Inspection Analyst (1994 – 1995). Economic-financial consultant and independent investment agent at Fininvest CFI and Bozano Simonsen DTVM (1984 – 1993); Formac’s Board Advisor (1982 – 1983). Degree in Economics from the Federal University of Rio Grande do Sul (1981).

Claíse Muller Rauber Products, Segments and Digital Channels Officer

Career employee at Banco do Estado do Rio Grande do Sul, is Superintendent in the area of Credit Policy and Risk Analysis (since 2015), was Superintendent in the area of Payroll Loans originated through banking correspondents (2013 – 2015), Manager in the coordination of the Credit Risk Management Process (2010 – 2013), of the Statistical Modeling Process for Client Management (2008 – 2010), Coordinator of Operational Management of the Commercial Strategy (2006 – 2008), Analyst of statistical modeling and policies credit risk management, and credit risk limits for legal entities (2002 – 2006), Customer Service at the Branch Network (1988 – 2001). She has a degree in Accounting from the University of Passo Fundo (1995), with an MBA in Corporate Finance and Value from Organizations from the University of Vale do Rio dos Sinos (2007), in Business Intelligence from the Getúlio Vargas Foundation (2010), and in Banking Management by the Federal University of Rio Grande do Sul (2012).
Claíse Muller Rauber is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified her from engaging in any professional or commercial activity, and declares that she is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Fernando Postal Distribution and Retail Officer

At Banrisul S.A. Administradora de Consórcios is Director (since 2015), Director (2009 – 2011, 2005 – 2006), and President (2007 – 2009). He was President of the Human Resources Development Foundation/RS (2006 – 2007), President of the Association of Municipalities of Encosta Superior do Nordeste (2004, 2000 – 2001), Board Member of the Central Supply Centers of the State of Rio Grande do Sul S/A – CEASA (2003 – 2006), Vice President of FAMURS (2000 – 2001). Graduated in Public Management from the University of Caxias do Sul/RS (2011).
Fernando Postal is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Jorge Fernando Krug Santos Information Technology Officer

Career employee of the Bank of the State of Rio Grande do Sul, he is Director of Information Technology (since 2015). He was Executive Superintendent of the IT Security Unit at Banrisul (2007 – 2015). He has a degree in Systems Analysis from the Pontifícia Universidade Católica do Rio Grande do Sul and a Graduate Degree in Software Engineering from the State University of Rio Grande do Sul.
Jorge Fernando Krug Santos is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Marcus Vinícius Feijó Staffen CFO and IRO

Career Officer at Banco do Estado do Rio Grande do Sul S.A., Executive Manager in the Financial Unit (since 2015), Executive Manager in the Capital Markets area (2011 – 2015), in Third-Party Management (2010 – 2011), where he was also an Analyst (2003 – 2010), and Clerk (2002 – 2003) at the Branch Network.
He was a Fiscal Council member at Fundação Banrisul de Seguridade Social (2013 – 2016) and Member of the Investment Committee of Fundação Banrisul de Seguridade Social (2010 – 2012). Graduated in Economic Sciences from the Federal University of Rio Grande do Sul (2005), and MBA in Capital Markets from UFRGS (2009), in Banking Management from UFRGS (2013), and in Finance, Investments and Banking from the Pontifical Catholic University of the Rio Grande do Sul (2019).
Marcus Vinícius Feijó Staffen is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Osvaldo Lobo Pires Credit and Operations Officer

He acted as Advisor to the Board (2017 -2019), in the Capital Markets area, and Advisor to the Presidency (2016–2017) at the National Bank for Economic and Social Development; was Partner and Head of Credit Analysis at Divitia Investimentos Ltda. (2014–2015); Officer responsible for Credit Analysis, Risk, Controlling Shareholding and IR at Banco CR2 S.A. (2016–2013); Partner and Manager of the Credit Analysis department at Banco BBM S.A. (1996–2006).
Graduated in Business Administration from the Federal University of Rio de Janeiro (1994); Extension Course in Business Administration from the University of California (1995), Professional Training Program for Financial Institutions (1996); and MBA in Finance from IBMEC (1997).
Osvaldo Lobo Pires is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities  and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Wagner Lenhart Institutional Officer

Wagner Lenhart  holds a bachelor’s degree in legal and social sciences from PUCRS, a specialist degree in state law from UFRGS, MBA in business management from ESPM and a master’s degree in law from UFRGS. He was Financial Director of the Institute of Business Studies (IEE) from 2005 to 2006 and CEO of Fórum da Liberdade from 2006 to 2007. He worked as lawyer in civil, tax and commercial areas at Altemo Advogados Associados from 2007 to 2010. He worked as Deputy Notary at the Second Notary Office of São Leopoldo/RS from 2010 to 2016. He was also Chief of Staff of Municipal Management Office from 2017 to 2018 and Chief of Staff of Municipal Office for Privatization and Partnerships of the Municipality of São Paulo in 2018. He was the National Secretary for Personnel Management and Performance of the Federal Government from 2019 to 2021. He is also a deliberative board member of the Institute of Business Studies – IEE from April 2020 to the present date.

Marivania Ghisleni Fontana Administrative Officer

Administrative Officer at the State Bank of Rio Grande do Sul S.A. (since 2021). Regional Superintendent – Banrisul S/A – Novo Hamburgo, RS, Coordination of the branch network in the implementation of Banrisul’s retail commercial strategy (03/2011 – Current); Senior Analyst II, Banrisul S/A – São Paulo, SP (01/2010 – 03/2011); General Manager – Banrisul S/A – São Paulo, SP (08/2003 – 12/2009). MBA in Banking Management and Competitiveness: UNISINOS – São Leopoldo, RS; Postgraduate degree in Financial and Accounting Administration: FAAP- Fundação Armando Alvares Penteado – São Paulo, SP; Bachelor in Business Administration: Faculdade São Luís – São Paulo, SP.

Fiscal Council

Name Role
Bruno Pinto de Freitas Effective member, elected by majority shareholder

Bruno Pinto de Freitas is the Chief of Staff of the Rio Grande do Sul State Government (since 2017), was Legal Advisor to the Presidency at the Court of Audit of the State of Rio Grande do Sul (2015-2019), Fiscal Counselor at the State Servants Pension Plan Foundation (2016 – 2018), Senior Advisor to the Civil Service Secretariat in the State Government of RS (2015), General Ombudsman in the Public Defender’s Office of the State of RS (2013 – 2014 and 2011 – 2012), Legal Director at the Ombudsman’s Office of Public Defender Offices in Brazil (2013 – 2014), Parliamentary Director at the Ombudsman’s Office of Public Defender Offices in Brazil, Deputy Chief of Staff in the Government of the State of Rio Grande do Sul (2009 – 2010) in the Government of the State of Rio Grande do Sul (2007 – 2009), Lawyer at the Law Firm Pinto de Freitas Advocacia (1996 – 2007), Legal Prosecutor at the Federal University of Santa Maria (1994 – 1997), Lawyer in the Law Firm Genro, Magnago & Skrebsky (1992 – 1994). Degree in Legal and Social Sciences from the Federal University of Santa Maria (1992) and Graduate Degree in State Law from the Federal University of Rio Grande do Sul (2014).
As informed, Mr. Bruno Pinto de Freitas is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Rogério Costa Rokembach Effective member, elected by majority shareholder

He is a member of the Advisory Board of the Regional Accounting Council of RS, Coordinator of the Audit Committee of External Audit Program for Audit Quality in Brazil (since 2012), Expert Accountant of the Arbitrator or Assistant in judicial expertise and in arbitration proceedings, Certified Fiscal Counselor by the IBGC, currently a member of the Paludo Participações SA (since 2011) and SESCONRS (since 2010), Ibracon Board Member (since 2015), Board Member of Finansinos Crédito, Financiamento e Investimento (since 2016). He is Partner-Leader of Rokembach + Lahm, Villanova & Cia Auditories (since 1997). He was President of the Regional Accounting Council (2006 – 2009), member of the Advisory Board of the Brazilian Accounting Foundation (2010- 2017) and Audit and Training Manager of Coopers & Lybrand, Biederman. Graduated in Accounting from the Catholic University of Rio Grande do Sul (1989), Post-Graduation in Accounting and Systems Auditing and in Business Administration and Strategy.
As informed, Mr. Rogério Costa Rokembach is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Marco Aurélio Santos Cardoso Effective member, elected by majority shareholder

Since November 2016 he has held the position of superintendent of credit for BNDES. In the institution, he was responsible for several capital market operations in the fixed income area. In 2009, he headed the Bank’s International Market Department. From 2009 to 2016, assigned to the city of Rio de Janeiro, held positions of Secretary of Finance (2012-2016) and undersecretary of the Municipal Treasury (2009-2012). With a degree and master’s degree from the UFRJ and a specialization in Finance from the Thunderbird School of Global Management in the USA, he worked for nine years in the private sector in the financial areas of Alcan, Arthur Andersen, and Banco BBM.
As informed, Mr. Marco Aurelio Santos Cardoso is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Gustav Penna Gorski Effective member, elected by minority shareholders holding common shares.

Chief economist and strategist – RJI Investimentos e Gestão – Porto Alegre RS, 2019-current. Head of Management and Economics and Managing Partner – PrevConsulting Investimentos – Porto Alegre RS, 2019-current. Head of Management and Economics and Managing Partner – GAP Economics – Porto Alegre RS, 2016-2018. Chief and Partner Economics – Eleven Financial – São Paulo, SP, Brazil -2016. Chief Economist and Partner – Quantias Asset Management – Porto Alegre, RS, Brazil 2011-2015. Ph.D. in Economics, University of Leicester, Leicester UK – not completed. Master in Economics, Federal University of Rio Grande do Sul (UFRGS) – 2002-2005. Bachelor’s Degree in Economics, Universidade Federal de Santa Maria (UFSM) 1997-2002. Bachelor’s Degree in Legal and Social Sciences, Universidade Federal de Santa Maria (UFSM) 1996-2001.
As informed, Mr. Gustav Penna Gorski is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Bruno Queiroz Jatene Substitute, elected by the majority shareholder

Public Servant at Secretariat of Finance of the State of Rio Grande do Sul, Fiscal State Revenue Auditor (since 2010); Undersecretary of the State Treasury (since 01/2019); Deputy Assistant Secretary of State Treasury (2018); Head of the Financial Planning and Administration Division of the Sate Cash Flow (2016-2018); Head of the Economic and Tax Studies Section of the Division of Studies and Quality of Expenditure (2015-2016); Advisor to the State Treasury Office (2015); Deputy Assistant Secretary for State Accounting and Auditing (2013-2014); Office of the Controller and General Audit of the State (2010- 2013). RBS Communication Group – Database Marketing, CRM, and Trainee Coordinator (2000-2003). Magazine Liliani – Marketing and Sales Officer (2006 – 2008). Lojas Colombo – General Manager of Sales, Regional Sales and Consumer Relations (2004-2006). Individual Consultant in the Precision Marketing segment (2003-2004). Has a degree in Data Processing Technology from the University of Amazônia (1997), Specialization in Computer Networks at the Federal University of Pará (1998), MSc in Computer Science (2000), MBA in Business Management from the Getúlio Vargas Foundation (2003), Specialization in Contemporary Economics and Public Management by UFRGS (2014), Specialization in Theory and Operation of a Modern National Economy by George Washington University – USA (2015).
As informed, Mr. Bruno Queiroz Jatene is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Tanha Maria Lauermann Schneider Substitute, elected by the majority shareholder

Executive Officer of Ibracon – Independent Auditors Institute – 6th Region RS. Independent Audit Firm. Owner of the independent auditing company named LAUERMANN SCHNEIDER AUDITORES ASSOCIADOS SS. Member of the Continued Professional Education Commission of the Independent Auditors of Brazil – Federal Accounting Council, Period of management 2014 and 2015. Vice-President of Services of the Commercial and Industrial Association of Novo Hamburgo, Estância Velha, and Campo Bom, Period of Management 2014 and 2015. Academic Background: Bachelor’s degree in Accounting Sciences; postgraduate degree in Controllership, and Master’s Degree in Accounting sciences As informed, Mrs. Tanha Maria Lauermann Schneider is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified her from engaging in any professional or commercial activity, and declares that she is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Vicente Jorge Soares Rodrigues Substitute, elected by the majority shareholder

Banrisul S.A: Banrisul employee from 1972 to 2015. Executive Manager at the Accounting Department, 2000-2015. Academic Background: Graduated in Accounting and Actuarial Sciences from Faculdade Porto Alegrense/RS and technician in Accounting from Escola ACM (Associação Cristã de Moços). As informed, Mr. Vicente Jorge Soares Rodrigues is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Maria Elvira Lopes Gimenez Substitute, elected by the shareholders holding preferred shares

Economist, specialized in Corporate Governance, focused on working in the Fiscal Councils of Publicly Held Companies. She is currently an alternate member of the Fiscal Council of the following companies: Banco do Estado do Rio Grande do Sul S.A., Bicicletas Monark S.A., WLM Indústria e Comércio S.A., Pettenati Indústria Têxtil S.A., Whirlpool S.A., Tronox Pigmentos do Brasil S.A., Companhia de Ferro Ligas da Bahia – Ferbasa, São Martinho S.A. and Eucatex S.A. Previously, she was a sitting member of the Fiscal Council of AES Tietê S.A. and an alternate member of the Fiscal Councils of Companhia Providência Ind. e Com. S.A. and Companhia de Saneamento do Estado de São Paulo/ Sabesp. She also worked at Solução Governança Corporativa e Consultoria Ltda/ Jorge Lepeltier Consultores Associados between 2013 and 2019.

Leonel Volmar Braz Ortiz Substitute, elected by minority shareholders holding common shares.

Partner and member of the management of the company Valor Consultoria Empresarial LTDA – 2002 until today. Chairman of the Board of Directors of Nobel Laboratory S/A – 2017 until today. Independent Consultant, serving companies of various sizes, in the areas of accounting, management, merger, and acquisitions – 1989-2002. Bachelor of Accounting Sciences – Universidade de Passo Fundo – UPF /1990.
As informed, Mr. Leonel Volmar Braz Ortiz is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Audit Committee

Name Role
João Verner Juenemann Coordenador

Banrisul: Board Member; Coordinator of the Audit Committee (since 2015) and member of the Eligibility and Compensation Committee (2015-04/2018). Petrobras Distribuidora S.A.: Member of the Fiscal Council (since 2018). Brazilian Institute of Corporate Governance: Member of the Nominating Committee of the Board of Directors (2011/2017) and Member of the Board of Directors (2005/2018). Dimed S.A. Distributor of Medications: Coordinator of the Audit and Risk Committee (2016/2018) and Sitting member of the Fiscal Council (2009-2015). Tupy S.A.: Member of the Audit and Risk Committees (since 2009).
Kablin S.A.: Sitting member of the Fiscal Council (since 2017). Saraiva S.A. Book Publishers: Sitting member of the Fiscal Council (2014/2017). Paquetá Calçados Ltda: Member of the Audit and Risk Committees (2016/2017). College of Vowels of the FACPC – Foundation of Support to the Accounting Pronouncements Committee: President (2015/2017). Forjas Taurus S.A.: Board Member and coordinator of the Audit and Risk Committee (2014/2017).
Institute of Management Development S.A. (Falconi Consultores de Resultados): Chairman of the Fiscal Council (2011/2017). Sonae Sierra Brasil S.A.: Sitting member of the Fiscal Council (2014/2015). Plascar Participações Industriais SA: Sitting member of the Fiscal Council (2013/2015). Banco Indusval SA: Sitting member of the Fiscal Council (2012/2015). Academic Background: Graduated in Accounting and Actuarial Sciences from PUCRS, 1962 and Business Administration from UFRGS, 1971, with Post Graduation in Auditing by UFRGS, 1965.
As informed, Mr. João Verner Juenemann is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Carlos Biedermann Member

Amcham RS, Agenda 2020 and ADVB: Board of Directors’ Member. Algar Group, including Algar Telecom and Algar S.A.: Audit Committee Member. Suzano Papel e Celulose Audit Committee Member. Lojas Lebes: Board of Directors’ Member. Grêmio FBPA: Chairman of the Deliberative Council. Maiojama: Board of Directors’ Member. Grupo Solar, Coca-Cola bottler of the Northeast: Audit Committee Member. Group Cornélio Brennand – Recife: Audit Committee Coordinator. Moinho Paulista AS: Audit Committee Member. Companhia Paranaense de Energia – COPEL: Member of the Board of Directors and Audit Committee. Biedermann Consulting: Partner, Corporate governance consultancy, mediation of corporate conflicts, family businesses, accounting, and financial expertise (July 2015 to date). CP&I (Capital and Infrastructure Projects) for Brazil: Leading partner. PricewaterhouseCoopers: Leading partner for the South Region (May 2002 / June 2015). IBGC – Brazilian Institute of Corporate Governance: Member of the Board of Directors (2009 – 2014), Vice President 2013/2014 and Chairman of the Audit Committee for 5 years. Diehl, Biedermann & Bordasch, Coopers & Lybrand, Andersen, and PwC, where he was the Lead Partner in the South Region (He has 41 years of professional career in auditing and consulting. Academic Background: Degree in Business Administration – UFRGS – 1975, Public Administration – UFRGS – 1975 and Accounting Sciences – 1977. Graduate Degree in Capital Markets – FGV/RJ – 1979 and Courses in Brazil and Abroad, highlighting the Insead/Harvard Program in France – 1996 and the Executive Program of Singularity University in 2019.
As informed, Mr. Carlos Biedermann is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Eraldo Soares Peçanha Member

Academic Background: Bachelor’s Degree in Accounting Sciences (1977) and Business Administration (1974) from Universidade Cândido Mendes (RJ). Mainprofessional experiences: Aracruz Celulose SA – Accounting, Internal Audit and Controller Manager (1974 to 1996); CSN-Cia. Siderúrgica Nacional – Officer of Controllership and Information Technology (1996 to 2003); Embratel S.A. – Officer of Controllership and Executive Officer of Corporate Governance (2003 to 2008); Icatu Seguros S.A. – Executive Officer of Customer Services (2008 to 2011). Fiscal Councils: sitting member of CADAM since Jan/17 and Suzano since Apr/17. Alternate at CCR, Tupy, Ouro Fino Saúde Animal Part. and AES Tietê Energia. He was also a sitting member of publicly held companies: Vale, Net Serviços de Comunicação, JBS and Ideiasnet and of other privately-held companies: Ferrovia Centro Atlântica, Itá Energética, and Officer Distribuidora Prod. Technology, as well as in the private pension entities of the companies where he worked. Consultancy Firm: Since 2012 he has been working as a consultant in the areas of Corporate Governance, Controllership and Processes and Accounting/Financial Systems. Since Nov/18, member of the My News Channel’s Executive Committee.
As informed, Mr. Eraldo Soares Peçanha is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Eligibility and Compensation Committee

Name Role
Arnaldo Bonoldi Dutra Coordenador

Albino Advogados: Senior Partner (since 2008). Bonoldi Dutra Advogados: Managing Partner (2008 to 2010). Banco Santander do Brasil: Corporate and Compliance Legal Executive Officer (2003 to 2008). BM&FBovespa: Member of the Arbitration Chamber (2001 to 2009). Brazilian Institute of Corporate Governance: Vice-coordinator of the Corporate Governance Committees of Financial Institutions and Corporate Risk Management. Getulio Vargas Foundation/SP: Professor of Banking Law. Academic Background: Lawyer, Graduated in Law from PUCSP (1979); with a post-graduate degree in Corporate Law from USP, in Financial Accounting Administration from FEA-USP and in Business Administration from FAAP; he also attended the Harvard Law School’s Program of Instruction for Lawyers.
As informed, Mr. Arnaldo Bonoldi Dutra is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

José Luiz Castro Mendel Member

Banrisul Cartões: Vice President of the Board of Directors (2015 to 2017). State Office of Public Works, Irrigation and Urban Development of RS: Department Director (2011/2014). Banrisul: (1976 to 2010): Executive Superintendent at the Service and Services Unit (2005 to 2010); Executive Manager at the Service and Services Unit (2003 to 2005). Academic Background: Degree in Geology at UNISINOS (1987); with Graduate Degree in Business Management from Faculdade IBGEN (2006).
As informed, Mr. Jose Luiz Castro Mendel is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Giusepe Lo Russo Member

Owner at AGM Consulting and E-Mind Soluções (2008 – 2017); General Officer and Board Member at Check Express Group S.A. (2005 – 2007); Degree in Law – Law School SBC, Degree in Communication – Instituto Metodista de Ensino Superior, Managing People – Development Center – Citicorp, Product Management – ESPM; Administration in Financial Institutions – Banking – Fundação Getúlio Vargas, Graduate Degree in Marketing – ESPM.
As informed, Mr. Giusepe Lo Russo is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Risk Committee

Name Role
João Zani Coordenador

University of Vale dos Sinos River – UNISINOS: Director of Administration (2009 to 2017) and Director of the Academic Unit of Continuing Education (2007 to 2009). Bank of the State of Rio Grande do Sul S.A.: Board Member (2003 to 2010). Academic Background: Professor, Graduated in Economic Sciences by UCS, with an MBA in Marketing, Accounting, Economics, and Finance. He holds a Master’s degree in Administration with a focus in finance from PUCRJ, a Sanduíche Doctorate from NYU (New York University) and a Ph.D. in Administration with a focus in finance from UFRGS.
As informed, Mr. João Zani is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

José Luis Campani Lourenzi Member

Banco do Estado do Rio Grande do Sul: Executive Superintendent at the Corporate Risk Management Unit (since 2010). Coordinator of the
Interdepartmental Corporate Risk Committee (since 2010). Executive Superintendent in the Commercial Unit of Retail (2006-2010). Coordinator of the Trade Committee (2006 to 2010). Academic Background: Bachelor in Accounting Sciences from São Judas Tadeu College (1986), with a post-graduate degree in Finance from the Federal University of Rio Grande do Sul (1988), and in Business Studies with a specialization in Accounting and Auditing from Universidade Fernando Pessoa, in Portugal (2001), MBA in Continuous Training Program in Banking Management by UFRGS (2012) and Master in Business Sciences from Universidade Fernando Pessoa, Portugal (2008).
As informed, Mr. José Luis Campani Lourenzi is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Carlos Eduardo Schonerwald da Silva Member

Federal University of Rio Grande do Sul – UFRGS: Professor (since 2017). Federal University of Rio de Janeiro – UFRJ: Adjunct Professor (2010 – 2017). Institute of Applied Economic Research – DF – IPEA: Visiting Researcher (2013 – 2015), PNPD Scholar (2009 – 2010). Economic Commission for Latin America and the Caribbean – ECLAC: Economic Consultant (2008 – 2010). University of Vale dos Sinos River – UNISINOS: Assistant Professor PLII (2008 – 2010). Academic Background: Professor, Graduate in Economics from PUCRS (2001), Master in Development Economics from PUCRS (2004) and Ph.D. in Economics (Ph.D.) from the University of Utah, USA (2008).
As informed, Mr. Carlos Eduardo Schonerwald da Silva is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that he is not considered a politically exposed person, under the terms of CVM Instruction 301 of April 16, 1999, as amended.

Luanda Pereira Antunes Member

Has been working in the financial area since 2005. At the National Treasury Office, he participated as a junior analyst in the preparation of the Annual Financing Plan (2005-2006). At BNDES, he worked from 2006 to 2019; as Economist of the Funding Department (2006-2008) and as Manager in the Market Funding Departments (2009-2011), Fixed Income (2013-2011 and 2017-2019) and Funding (2014-2017). She holds a degree in Economics from Universidade Federal do Rio de Janeiro (2000) and a Master’s Degree in Political Science from Instituto Universitário de Pesquisas do Rio de Janeiro (2002).
As informed, Mrs. Suzana Flores Cogo is not subject to any criminal conviction or conviction in an administrative proceeding at the Brazilian Securities and Exchange Commission (CVM) and the applicable penalties, nor any final and not subject to appeal conviction, in the judicial or administrative sphere, that has suspended or disqualified him from engaging in any professional or commercial activity, and declares that she is not considered a politically exposed person, under the terms of CVM Instruction no. 301 of April 16, 1999, as amended.

Márcio Gomes Pinto Garcia Member

Márcio Garcia holds a Ph.D. from the Economics Department, Stanford University (1991), Master of Economics from Stanford (1990) and PUC-Rio (1987) and production engineer from the School of Engineering of UFRJ (1982). He is an Associate Professor at the Department of Economics of PUC-Rio. He has held the chief position of the Department of Economics (1999-2002), postgraduate coordination (1997-2000) and graduation coordination (1991-1993). His areas of research are international finance (open macroeconomics) and monetary and fiscal economics, working mainly on the following topics: capital flows, capital flows controls, exchange rate, exchange rate intervention, inflation, monetary policy, public debt, and the financial system. During 2013, he was visiting scholar at the Sloan School of Management (MIT) and NBER, with a postdoctoral fellowship from CNPq.  In 2014, he was Tinker Visiting Professor at Stanford University. In 2002/3, he held postdoctoral degrees at the Economics Department, Stanford University. His recent article FX INTERVENTIONS IN BRAZIL: SYNTHETIC CONTROL APPROACH, published in 2017 in the Journal of International Economics, won the Haralambos Simeonidis Award from ANPEC for best article. He is a researcher at CNPq and Cientista Nosso Estado, from FAPERJ. He is a member of the Bellagio Group.