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Management, Board & Commitees

Votorantim Cimentos’ main governance bodies are the Board of Directors, the Advisory Committees and the Executive Board. These bodies act in complete synergy, from their remuneration to the preparation of the Company’s guidelines, always aiming to achieve better economic, financial, social and environmental results.

See below the composition of Votorantim Cimentos’ Board of Directors and Executive Board and the description of Advisory Committees.

Board of Executive and Statutory Officers

The Executive Board, under the terms of the Company’s Bylaws, is composed of at least 3 and at most 7 Executive Officers elected by the Company’s Board of Directors, with a mandate of two years, reelection being permitted. It is in charge of the conduction and execution of the activities described in the Company’s Corporate Purpose and for the execution of the strategic planning defined by the Board of Directors.

Members Positions
Osvaldo Ayres Filho Global Chief Executive Officer See

CEO at Votorantim Cimentos S/A since may/2023. He was Global CFO, Chief Operating Officer Global and VCBR. CFO VCBR and CFO at VCEAA for 2.5 years and Controller at Fibria Celulose S.A. for 6 years, when he joined in 2004. Before Votorantim, he built his career in companies such as Avon Cosmetics, Ciba Specialty Chemicals and VCP. He has a degree in Business Administration from Universidade Mackenzie in 1999 and a post-graduate degree in Finance from Fundação Getúlio Vargas in 2002.

Adjarbas Guerra Neto Global GRC & Internal Audit Officer See

Accountant and lawyer, he holds an MBA in Capital Markets from FEA-USP and a Master’s degree (M.Sc.) in Finance and Controllership from PUC-SP.
He began his career in 1996 as an external auditor at E&Y, where he reached the position of Senior Audit Manager. In the Votorantim Group since 2003, he joined Votorantim Celulose e Papel S.A. and then worked at Fibria Celulose S.A., where he held various executive positions in finance and controlling. In 2016 he became Governance, Risk and Compliance Officer, a position he held until 2019, the year he joined Votorantim Cimentos as Global GRC, Internal Audit and Ombudsman Officer.
In 2021 he assumed the position of Managing Director of Fundação Senador José Ermírio de Moraes “FUNSEJEM”, a closed complementary pension entity for the employees of the Votorantim Group. In 2022 he was elected as a financial expert member of the Statutory Audit and Risk Management Committee of DEXCO S.A. In 2023 he was elected a member of the Audit Committee of the Votorantim Institute, and from 2024 he became the Committee’s Coordinator. He has already served as a full member of the Audit Committees of the companies Veracel Celulose SA and Votorantim Siderurgia S/A. Before becoming an executive at VC, he was also a member of the Audit Committee of Votorantim Cimentos S/A.

Álvaro Lorenz Sustainability, Institutional Relations, Project Development and Engineering Officer See

He has a degree in Mining Engineering from UFRGS (Federal University of Rio Grande do Sul) and an MBA in Business Management from FGV.

Álvaro has over 34 years of professional experience, mostly in the construction materials sector, having worked in some multinational companies in different positions and countries. He participates in several global initiatives related to sustainability (comprising the areas of Safety, Environment, Social Transformation, Eco-efficiency and Energy), representing Votorantim Cimentos and the cement sector, as well as initiatives linked to innovation and R&D and engineering projects (both brownfield and greenfield). He is also responsible for issues related to Institutional Relations and Advocacy. He is a member of the Board of Instituto Votorantim.

Cinthia Galletti Bossi Global Director of People, Management and Communications See

Cinthia has an undergraduate degree in Psychology from Mackenzie Presbyterian University and two MBAs: one from the University of São Paulo (USP) and one from the University of Pittsburgh (USA). She built her career in Human Resources with leadership positions at Alcoa, ABN Amro bank and Goodyear. Cinthia held several management positions at Syngenta, where, since 2018, she had been director of Human Resources for Brazil and Latin America. During her more than 20 years of experience, she has led organizational transformation projects including leadership development, knowledge and performance management, talent acquisition and management, organizational climate and change management, among others.

Eduardo Costa de Almeida Brazil Finance Officer See

Chief Financial Officer of Votorantim Cimentos. Eduardo Almeida has more than 15 years of experience in the financial area, with experience in auditing and in the construction materials sector, having worked both in Brazil and abroad for Holcim. He has a degree in Accounting from Universidade Federal de Minas Gerais, a post graduate degree from Fundação Getúlio Vargas, and a senior management program from IMD Switzerland. Eduardo has been with Votorantim Cimentos since July 2015, where he has already served as controller manager and currently has the responsibility of CFO.

Euridice Mason Global Legal Director See

Euridice has a Law degree from the Pontifical Catholic University of Rio de Janeiro (PUC-Rio), with an MBA from the Dom Cabral Foundation and several courses in executive training and in the legal area at universities such as Harvard (USA), Columbia (USA), Yale (USA), Insead (France), ESMT Berlin (Germany), and FGV and PUC-SP (Brazil). Her professional career of more than 25 years includes experience in law firms and large companies, both in legal and compliance areas. In the corporate world, she has held leadership positions in the Legal department of companies such as Embratel, Oi and Lafarge. She was also a Legal manager at our holding company Votorantim S/A and at the former Fibria. Since 2020, Euridice has served as global Legal vice president at Harsco Environmental, based in England.

Hugo S. Armelin Sales, Marketing and Concrete Officer See

Graduated in Civil Engineering from USP and has a post-graduate degree in Concrete Technology, also from USP. He worked in civil construction projects in North America and Latin America, having worked for Lafarge and Eternit Groups. Today, he is the head of Sales, Marketing and Concrete at Votorantim Cimentos.

Marcio Yamachira Director of Global Strategic Planning and Innovation See

Marcio holds a bachelor’s degree in Business Administration from the University of São Paulo (USP) and is CFA (Chartered Financial Analyst), CAIA (Chartered Alternative Investment Analyst) and CGA (ANBIMA Manager Certificate) certified. He has worked in different positions in the areas of Investment Research, Trading and Portfolio Management in asset management firms in Brazil and abroad. He is currently a member of the Board of Directors of Janssen, VSA’s business entity for international investments, and a member of the Investment Committee of Funsejem, Votorantim’s supplementary pension fund.

Board of Directors

It is composed of seven effective members, four of whom are independent, elected by the General Meeting, and the Bylaws establish that the Council will always be composed of at least 20% independent members. The mandate is for two years, reelection being allowed. The Board of Directors is responsible for establishing long-term strategies and defining the main business guidelines, in addition to the decisions defined in the Bylaws. The Board of Directors may be assisted by Committees and Work Groups, set up with defined objectives. The Chairman of the Board of Directors does not hold an executive position in the company.

Internal Regulation of the Board of Directors

Members
Alexandre Noschese See

Alexandre has a degree in Business Administration from Insper and a master’s degree in Finance from London Business School. In his professional career, he was a trainee at the holding company Votorantim S.A. (VSA) and an analyst at Granular Capital, a hedge fund based in London (UK). He co-founded and is a partner in the venture capital firm ONEVC, where he is a member of the Investment Committee. He is also a partner and co-founder of Across Capital Partners—an investment management company focused on software businesses across the Americas—where he is responsible for portfolio management and the investment team. At VSA, Alexandre is a member of Acerbrag’s Long Steel Committee and Citrosuco’s People Management Committee.

Clarissa Lins See

An Economist by training, Clarissa worked on important projects in the public sector early in her career, as part of the Real Plan team at the Ministry of Finance, and as an advisor to the CEO of the National Bank for Economic and Social Development (BNDES), contributing to the structuring of privatization projects. She also worked at Petrobras, where she was responsible for the company’s Corporate Strategy area.
Clarissa also had relevant experience at Fundação Brasileira para o Desenvolvimento Sustentável (FBDS), a non-profit organization that promotes sustainable development in Brazil.
In November 2019, she was elected President of IBP (Oil and Gas Institute), a position she will leave in March 2021.
Currently, Clarissa has been dedicating herself to Catavento, her own consultancy for topics related to strategy and sustainability, as well as participation in Board and Committees.
With proven experience in Corporate Governance, Clarissa was Chair of Shell’s External Evaluation Committee from 2012 to 2015; served on Vale’s Sustainability Committee from 2017 to 2019; on the Board, Strategy, HSE and Audit Committee of Petrobras between 2018 and 2019 and, more recently, on Suzano’s Sustainability Committee, of which she is still a member.

Fabio Ermírio de Moraes See

He graduated in Mechanical Engineering from Fundação Armando Álvares Penteado in 1984, and post-graduated in Business Administration from CEAG of Fundação Getúlio Vargas (FGV) in 1987. Fábio started working for the Votorantim Group in April 1985 and has held various positions since then, including Vice-President of VCSA, and Director of Cia. Cimento Portland Itaú, Cimentos Tocantins S.A.

Francisco de Sá Neto See

Civil Engineer graduated from the Federal University of Bahia, with an MBA in Finance and Organizational Behavior from the University of California, Berkeley. With a career of over 20 years in leadership positions, Francisco has solid experience in the management of large companies such as AbInBev and The Kraft Heinz. He is currently a member of the Board of Directors of Votorantim Cimentos.

José Roberto Ermírio de Moraes Filho See

José Roberto Ermírio de Moraes Filho has a degree in Business Administration from Insper and has taken executive courses at Harvard, Stanford and the Singularity University. During his professional career, he worked in the investment area at Merrill Lynch and as a business analyst at McKinsey. In 2005, he became a founding and executive partner of Perfin Investimentos, and is now a member of the company’s Board and executive committee. He is also a member of the Boards of Hejoassu, the Votorantim Institute, CBA, Insper’s External Evaluation Committee and the Center for Public Leadership.

Luis Antonio dos Santos Pretti See

Luiz Pretti is Chairman of the Board of Directors of Votorantim Cimentos S.A and of Amcham. He was President of Banco Cargill and Cargill Brasil from 2005 until December 2019. Pretti is o led also, the company’s treasury management in Brazil and Latin America.
Additionally, Luiz Pretti, is a member of the Boards of Directors of EZtec S.A, Grupo Martins and Ache Farmacêutica.
In the social area, he is a board member of Turma do Jilo, Projeto Sê-los, Will Women in Leadership LA and part of the CEO Legacy Group. (Dom Cabral Foundation).
Bachelor’s degree in Engineering from Fundação Armando Álvares Penteado.

Marcelo Castelli See

Marcelo Castelli was the Global CEO of Votorantim Cimentos, a leading Brazilian company in the construction materials, minerals and solutions market. Castelli consolidated his long career as an executive in the pulp and paper industry, where he held leadership positions in production, projects, and business areas in large companies in the sector.

Sergio Malacrida See

Sergio Malacrida has been CFO of Votorantim S.A. since 2015. He was Treasury Director at Votorantim S.A., CFO at Votorantim Energia and Treasurer at Fibria. He is a member of the Board of Directors of Votorantim S/A, Votorantim Cimentos and the Finance Committee of Votorantim Cimentos and a board member at Citrosuco, Votorantim Energia and the Long Steel Business. In 2021, he was appointed CEO of Altre, the real estate investiment of Votorantim S.A.
He was a partner at PR&A Financial Products, a partner at Vinci Partners and CFO of Vanguarda Agro.
He holds a degree in Economics from FEA/USP, a Master’s degree in Pure Mathematics from IME/USP and a Bachelor’s degree in Literature from FFLCH/USP.

Audit Committee

The Audit Committee advises the Board on the appropriate monitoring of issues related to the continuity of the business, regarding the effectiveness and integrity of internal controls, risk identification and management, the quality and integrity of financial reports, including financial statements, and the work performed by the external audit, among other duties defined in its Internal Rules approved by the Board of Directors.

Internal Regulation of the Audit Committee

Members Positions
Diego Fresco Gutierrez See

Mr. Diego Fresco Gutierrez has a degree in Accounting Sciences from the Universidad de la República Oriental del Uruguay, being a Certified Public Accountant registered in the state of Virginia and a Registered Accountant with the Regional Accounting Council – SP in Brazil. He is currently a member of the Board of Directors and of the Audit and Finance and Risk Committees of StoneCo Limited (NASDAQ: STNE). He also serves on the Audit Committee and the Board of Directors of Itaú Corpbanca Chile (NYSE: ITCB), as well as on the Audit Committee and Board of Directors and Itaú Corpbanca Colombia. Between 2014 and 2021, he was a member and financial expert of the Audit Committee Audit Committee of Itaú Unibanco Holding. Previously, he was a partner at PricewaterhouseCoopers in São Paulo (2000-2013). Between 1998 and 2000, he held several positions at PricewaterhouseCoopers in Uruguay and the United States. In May 2019, Mr. Diego Fresco Gutierrez moved to the position of member of VCSA’s Audit Committee.

Luiz Aparecido Caruso Neto See

Mr. Luiz Aparecido Caruso Neto graduated in Business Administration from FGV. Mr. Luiz is currently the Director of the Center of Excellence, Risks and Compliance at Votorantim S.A., a member of the Board of Directors of Altre S.A., and Chairman of the Board of Fundação Senador José Ermírio de Moraes. In May 2019, Mr. Luiz moved to the position of member of VCSA’s Audit Committee.

Luciana Bacci Costa See

Luciana has more than 30 years’ experience in the areas of supervisory control, she has worked for the last three years as an independent member of audit committees to the Board of Directors in financial market companies (Banco da Amazônia, BDGM and Núclea).

As an executive, she worked for 10 years in second-line leadership positions and the other 20 years in large international business consulting firms such as PwC, EY and BDO Directa.

She is an IBGC Certified Board Member and a member of the Institute’s Risk Management and Governance in Financial Institutions Committees.

She has a solid academic background, with a degree in Systems Analysis and Data Processing, a postgraduate degree in Finance, Accounting and Controllership, additionally in Administration and Compliance and continuing education courses from the IBGC.

Marcelo Castelli See

Marcelo Castelli was the Global CEO of Votorantim Cimentos, a leading Brazilian company in the construction materials, minerals and solutions market. Castelli consolidated his long career as an executive in the pulp and paper industry, where he held leadership positions in production, projects, and business areas in large companies in the sector.

Finance Committee

The Finance Committee is responsible for advising the Board in the evaluation and monitoring of issues in the financial sphere involving the analysis of the macroeconomic scenario that may affect the company; financial guidelines, among them cash management and liquidity guidelines for the Company; and the monitoring and evaluation of alternatives for mitigating risk factors, among other duties defined in its Internal Rules approved by the Board of Directors.

Internal Regulation of the Finance Committee

Members Positions
Sergio Augusto Malacrida Júnior See

Sergio Malacrida has been CFO of Votorantim S.A. since 2015. He was Treasury Director at Votorantim S.A., CFO at Votorantim Energia and Treasurer at Fibria. He is a member of the Board of Directors of Votorantim S/A, Votorantim Cimentos and the Finance Committee of Votorantim Cimentos and a board member at Citrosuco, Votorantim Energia and the Long Steel Business. In 2021, he was appointed CEO of Altre, the real estate investiment of Votorantim S.A. He was a partner at PR&A Financial Products, a partner at Vinci Partners and CFO of Vanguarda Agro. He holds a degree in Economics from FEA/USP, a Master’s degree in Pure Mathematics from IME/USP and a Bachelor’s degree in Literature from FFLCH/USP.

Luiz Antonio dos Santos Pretti See

Luiz Pretti is Chairman of the Board of Directors of Votorantim Cimentos S.A and of Amcham. He was President of Banco Cargill and Cargill Brasil from 2005 until December 2019. Pretti is o led also, the company’s treasury management in Brazil and Latin America. Additionally, Luiz Pretti, is a member of the Boards of Directors of EZtec S.A, Grupo Martins and Ache Farmacêutica. In the social area, he is a board member of Turma do Jilo, Projeto Sê-los, Will Women in Leadership LA and part of the CEO Legacy Group. (Dom Cabral Foundation). Bachelor’s degree in Engineering from Fundação Armando Álvares Penteado.

Cristina Betts See

Cristina Betts is graduated in Business Administration by FGV in 1991, with MBA by INSEAD, in France. Mrs. Cristina worked at TAM Linhas Aéreas S.A., from 2004 to 2008, where she held the position of Strategic Planning and Controllership Officer and also responsible for the Investor Relations area, being responsible for the analysis and decision making of the control strategy and investor relations, and for the company’s strategic planning, among other activities. Mrs. Cristina is also an alternate member of the Board of Directors of Oi S.A., effective member of the Board of Directors of B3 S.A, effective member of the Fiscal Council of Rumo S.A. Currently, she holds the position of CEO of Iguatemi S.A since 2022, having acted as co-CEO since October 2021. 

Helena Velloso See

Helena is the executive manager of Innovation, Research and Development at Auren (a company formed by the integration of the energy assets of Votorantim S.A. and CPP Investments) and a member of the Board of Hejoassu and the Votorantim Institute. During her career, she also worked at Fundação Lemann and Gestão Origami consultancy and was a trainee at VC between 2009 and 2010. Helena holds a degree in Public Administration from Fundação Getúlio Vargas (FGV) and an MBA from Stanford University (USA).

Organization, Compensation and People Committee

The Organization, Compensation and People Committee is responsible for advising the Board of Directors on the appropriate monitoring of issues related to compensation models, nomination of management candidates, the senior management succession plan, and the corporate culture, values and beliefs, among other duties defined in its Internal Rules approved by the Board of Directors.

Internal Regulation of the Organization, Compensation and People Committee

Members Positions
Francisco de Sá Neto See

Civil Engineer graduated from the Federal University of Bahia, with an MBA in Finance and Organizational Behavior from the University of California, Berkeley. With a career of over 20 years in leadership positions, Francisco has solid experience in the management of large companies such as AbInBev and The Kraft Heinz. He is currently a member of the Board of Directors of Votorantim Cimentos.

Luiz Antonio dos Santos Pretti See

Luiz Pretti is Chairman of the Board of Directors of Votorantim Cimentos S.A and of Amcham. He was President of Banco Cargill and Cargill Brasil from 2005 until December 2019. Pretti is o led also, the company’s treasury management in Brazil and Latin America. Additionally, Luiz Pretti, is a member of the Boards of Directors of EZtec S.A, Grupo Martins and Ache Farmacêutica. In the social area, he is a board member of Turma do Jilo, Projeto Sê-los, Will Women in Leadership LA and part of the CEO Legacy Group. (Dom Cabral Foundation). Bachelor’s degree in Engineering from Fundação Armando Álvares Penteado.

Luciana Domagala See

Ms. Luciana Domagala holds a degree in Business Administration from Universidade Federal do Rio Grande do Sul (UFRGS), in 1995, an Executive MBA from Instituto de Ensino e Pesquisa (“Insper”), in 2008, and an Entrepreneurial MBA from Fundação Dom Cabral, in 2005. She has taken extension courses at universities such as Insead, University of Hong Kong, Duke University and Kellogg University. Additionally, Ms. Luciana holds a Coaching Certification from Columbia University in 2018 and Training for Board Members from IBGC in 2022. Also, Ms. Luciana Domagala is Vice President of People and Sustainability at Ipiranga, a company belonging to the Ultra Group. In 2014, she joined Ultra Group as Corporate Officer of Human Capital and previously she was Vice-President of People and Management at PDG and Human Resources Officer at Gerdau Group, having also worked at Claro and RBS Group. Ms. Luciana is a member of the Organization, Compensation and People Committee of VCSA since 2021, of the CEA (External Evaluation Committee) of Insper since 2014, of the Deliberative Council of Ultraprev since 2022, of the Deliberative Council of Instituto Ultra since 2022 and was a member of the Advisory Board of Exec Executive Performance until 2016.

Sergio Augusto Malacrida Júnior See

Sergio Malacrida has been CFO of Votorantim S.A. since 2015. He was Treasury Director at Votorantim S.A., CFO at Votorantim Energia and Treasurer at Fibria. He is a member of the Board of Directors of Votorantim S/A, Votorantim Cimentos and the Finance Committee of Votorantim Cimentos and a board member at Citrosuco, Votorantim Energia and the Long Steel Business. In 2021, he was appointed CEO of Altre, the real estate investiment of Votorantim S.A. He was a partner at PR&A Financial Products, a partner at Vinci Partners and CFO of Vanguarda Agro. He holds a degree in Economics from FEA/USP, a Master’s degree in Pure Mathematics from IME/USP and a Bachelor’s degree in Literature from FFLCH/USP.

Felipe Noschese See

Felipe is a founding partner of Atlas Capital, founder and member of the Board of Florida Urbanismo, and member of the Board of Directors of Altre. Previously, he was also a partner at Concept Investimentos, a financial analyst at Votorantim Asset Management and a trainee at VC between 2014 and 2015. Felipe holds a degree in Business Administration from Fundação Getúlio Vargas (FGV) and a master’s degree in finance from the London Business School (England).

Sustainability and Innovation Committee

The Sustainability and Innovation Committee advises the Board of Directors on identifying and dealing with issues that represent risks, opportunities or that may impact the business in the long term in the area of sustainability, helping to define the decarbonization strategy, CO2 targets, initiatives related to CCUS (Carbon Capture, Storage and Use) and investment strategies and analysis of global trends. Within the scope of innovation, it assists in the definitions, guidelines and management of initiatives on this front, as defined in the Internal Regulations.

Internal Regulation of the Sustainability and Innovation Committee

Members Positions
Luiz Antonio dos Santos Pretti See

Luiz Pretti is Chairman of the Board of Directors of Votorantim Cimentos S.A and of Amcham. He was President of Banco Cargill and Cargill Brasil from 2005 until December 2019. Pretti is o led also, the company’s treasury management in Brazil and Latin America. Additionally, Luiz Pretti, is a member of the Boards of Directors of EZtec S.A, Grupo Martins and Ache Farmacêutica. In the social area, he is a board member of Turma do Jilo, Projeto Sê-los, Will Women in Leadership LA and part of the CEO Legacy Group. (Dom Cabral Foundation). Bachelor’s degree in Engineering from Fundação Armando Álvares Penteado.

Clarissa Lins See

An Economist by training, Clarissa worked on important projects in the public sector early in her career, as part of the Real Plan team at the Ministry of Finance, and as an advisor to the CEO of the National Bank for Economic and Social Development (BNDES), contributing to the structuring of privatization projects. She also worked at Petrobras, where she was responsible for the company’s Corporate Strategy area. Clarissa also had relevant experience at Fundação Brasileira para o Desenvolvimento Sustentável (FBDS), a non-profit organization that promotes sustainable development in Brazil. In November 2019, she was elected President of IBP (Oil and Gas Institute), a position she will leave in March 2021. Currently, Clarissa has been dedicating herself to Catavento, her own consultancy for topics related to strategy and sustainability, as well as participation in Board and Committees. With proven experience in Corporate Governance, Clarissa was Chair of Shell’s External Evaluation Committee from 2012 to 2015; served on Vale’s Sustainability Committee from 2017 to 2019; on the Board, Strategy, HSE and Audit Committee of Petrobras between 2018 and 2019 and, more recently, on Suzano’s Sustainability Committee, of which she is still a member.

José Roberto Ermírio de Moraes Filho See

José Roberto Ermírio de Moraes Filho has a degree in Business Administration from Insper and has taken executive courses at Harvard, Stanford and the Singularity University. During his professional career, he worked in the investment area at Merrill Lynch and as a business analyst at McKinsey. In 2005, he became a founding and executive partner of Perfin Investimentos, and is now a member of the company’s Board and executive committee. He is also a member of the Boards of Hejoassu, the Votorantim Institute, CBA, Insper’s External Evaluation Committee and the Center for Public Leadership.

Marcelo Castelli See

Marcelo Castelli was the Global CEO of Votorantim Cimentos, a leading Brazilian company in the construction materials, minerals and solutions market. Castelli consolidated his long career as an executive in the pulp and paper industry, where he held leadership positions in production, projects, and business areas in large companies in the sector.

Alexandre Noschese See

Alexandre has a degree in Business Administration from Insper and a master’s degree in Finance from London Business School. In his professional career, he was a trainee at the holding company Votorantim S.A. (VSA) and an analyst at Granular Capital, a hedge fund based in London (UK). He co-founded and is a partner in the venture capital firm ONEVC, where he is a member of the Investment Committee. He is also a partner and co-founder of Across Capital Partners—an investment management company focused on software businesses across the Americas—where he is responsible for portfolio management and the investment team. At VSA, Alexandre is a member of Acerbrag’s Long Steel Committee and Citrosuco’s People Management Committee.

Working Groups

To assist in the conduct of specific topics the Board of Directors may establish Working Groups, and is currently assisted by two groups, made up of members of the Board of Directors, which address topics related to: Mergers, Acquisitions and Strategy in Brazil (M&A) and Mergers, Acquisitions and International Strategy (M&A).