Comittees

Mr. Isaac Sutton holds a degree in economics from the University of Sao Paulo (USP). Founder and Managing Director of BH26 Gestão e Finanças, investment bank boutique focused on mergers and acquisitions, fundraising and strategic consulting for shareholders and boards of directors. Mr. Sutton is a former Executive Officer at Safra Group from 1994 to 2009, responsible for U$ 2.5 billion in capital invested in several companies in the most diverse sectors. He was responsible for the creation and structuring of deals with active involvement in companies‘ Board of Directors, as well as in the divestment process as the companies reached their appreciation potential. He has participated in several relevant privatization and IPO’s processes in Brazil, as well as joint ventures with international companies and is currently a member of Brasil Agro‘s Board of Directors, one of the largest Brazilian companies in terms of arable land with shares quoted in the NYSE as well as Eco Brasil Florestas (a project to develop 100,000 hectares of eucalyptus) and former member of the Board of Directors of the following companies: Aracruz, the world‘s largest pulp producer at the time, Veracel, a joint venture between Aracruz and Stora Enso, BR Properties, Tim Celular, Desenvix, Gevisa, Celma and Bardella.

Mr. Efraim Horn, has graduated in Business and Philosophy from Talmudic University of Florida (TUF) and has an MBA from Fundação Armando Alvares Penteado (FAAP). Since 2004 he has been working at Cyrela Brazil Realty, specifically in the Land and Treasury areas and overseeing the expansion of the company’s activities in the North and Northeast. Nowadays, as a co President, he is responsible for the Urban Development, Land and the regional offices of Sao Paulo, Central West, North and Northeast. Efraim is a member of the Board of Directors of Plano & Plano Desenvolvimento Imobiliário S.A.

Mr. Ferrari holds a law degree from the Faculty of Law of the Pontifical Catholic University of São Paulo, with a specialization in Business Law from the Faculty of Law of the Pontifical Catholic University of São Paulo. He is a partner at Suchodolski Advogados, where he works in the areas of Commercial Law, International Law, Foreign Investment, Contracts and Mergers and Acquisitions. In the corporate area, he works in processes for the acquisition of control of companies or assets, due diligence, shareholder agreements, joint ventures and corporate restructuring. Worked at the Bryan Cave LLP law firm in New York. It is a member of the International Bar Association.

Mr. Elsztain is Cresud’s CEO and chairman of Fibesa S.A.; He is also vice-chairman of Nuevas Fronteras and S.A. and Inversora Bolivar S.A.; second vice-chairman of IRSA Inversiones y Representaciones Sociedad Anónima; and executive vice-president of Irsa Popriedades Comerciales S.A., among others. Mr. Alejandro Elsztain obtained a degree in agricultural engineering from University of Buenos Aires (Universidad de Buenos Aires). He is Eduardo S. Elsztain’s brother.

Mr. Zang was the founder of the law firm Zang, Bergel e Viñes. He is a member of the International Bar Association and the Interamerican Federation of Lawyers (Federación Interamericana de Abogados). He currently is first vice-chairman of IRSA- Inversiones y Representaciones Sociedad Anónima and of Irsa Popriedades Comerciales S.A.. He is chairman of Puerto Retiro S.A.; vice-chairman of Fibesa S.A.; executive officer of Banco Hipotecário S.A., Nuevas Fronteras S.A., and of IDB Development Corporation Ltd., among others. Mr. Zang received a degree in law from Universidad de Buenos Aires.

Ms. Albuquerque has a degree in Economics from the Pontifical Catholic University of Rio de Janeiro. She is a Certified Management Advisor by the IBGC and is also a Chartered Financial Analyst (CFA). Ms. Albuquerque was Member of the Board of Directors of Vale, from October 2017 to May 2021, Coordinator of the Statutory Audit Committee of Vale, from March 2020 to May 2021. Member of the Board of Directors of Wiz Soluções (former FPC PAR Corretora de Seguros SA), coordinator of the Related Parties Committee, member of the People and Compensation Committee, from October 2015 to March 2020. Member of the B3 State-Owned Governance Market Advisory Chamber, from August 2017 to December 2020 (3 years and 4 months), Member of the Self-Regulation Board in Investment Governance Abrapp / Sindapp / ICSS, from December 2016 to January 2019 (2 years 10 months). Member of the Board of Directors of IBGC, from April 2017 to January 2019 (2 years 10 months). Member of the Board of Directors of Br Malls SA and Committee Coordinator audit, from May 2016 to March 2017 (11 months). Member of the AMEC Working Group to prepare and monitor the Stewardship Code, from November 2015 – current.

Mr. Elsztain is Cresud’s CEO and chairman of Fibesa S.A.; He is also vice-chairman of Nuevas Fronteras and S.A. and Inversora Bolivar S.A.; second vice-chairman of IRSA Inversiones y Representaciones Sociedad Anónima; and executive vice-president of Irsa Popriedades Comerciales S.A., among others. Mr. Alejandro Elsztain obtained a degree in agricultural engineering from University of Buenos Aires (Universidad de Buenos Aires). He is Eduardo S. Elsztain’s brother.

Mr. Isaac Sutton holds a degree in economics from the University of Sao Paulo (USP). Founder and Managing Director of BH26 Gestão e Finanças, investment bank boutique focused on mergers and acquisitions, fundraising and strategic consulting for shareholders and boards of directors. Mr. Sutton is a former Executive Officer at Safra Group from 1994 to 2009, responsible for U$ 2.5 billion in capital invested in several companies in the most diverse sectors. He was responsible for the creation and structuring of deals with active involvement in companies‘ Board of Directors, as well as in the divestment process as the companies reached their appreciation potential. He has participated in several relevant privatization and IPO’s processes in Brazil, as well as joint ventures with international companies and is currently a member of Brasil Agro‘s Board of Directors, one of the largest Brazilian companies in terms of arable land with shares quoted in the NYSE as well as Eco Brasil Florestas (a project to develop 100,000 hectares of eucalyptus) and former member of the Board of Directors of the following companies: Aracruz, the world‘s largest pulp producer at the time, Veracel, a joint venture between Aracruz and Stora Enso, BR Properties, Tim Celular, Desenvix, Gevisa, Celma and Bardella.

Ms. Lustosa de Andrade holds a PhD in Finance from the Industrial Engineering Department of PUC-Rio and a Master’s degree in Economics from the Economics Department of PUC-Rio, where she also graduated in Economics in 1986. She is certified as a Board Member of the Brazilian Institute of Corporate Governance – IBGC, and Independent Board Member of the companies CCR and Solvi. Member of the Arbitration Chambers of Bovespa – B3, of the Brazilian Center for Mediation and Arbitration – CBMA and the Brazilian Chamber of Conflict Resolution in Energy and Mining. Member of the Board of non-profit institutions such as the Institute for the Study of Labor and Society – IETS and the Museum of Modern Art of Rio de Janeiro.
Throughout her career she has held positions in several private sector companies. As an executive, she was the Chief Financial Officer of LLX Logística (currently Prumo Logística SA), Vice President of Finance and Control of Grupo Abril SA, Executive Director of Globex Utilidades SA (Ponto Frio) and Financial and Investment Director of Petrobras’ Employee Pension Fund (Petros). She has also served as bord member at at several institutions such as ALL Logística SA (currently Rumo), Fibria, Metalurgica Gerdau SA, Coimex, CPFL, Coteminas, Perdigão ( currently BRF), IBGC and member of the Bovespa Arbitration Board. In the public sector, she has served as director of the BNDES in the areas of Desestatization and Capital Markets and of the Department of Economic Protection and Defense of the Secretariat of Economic Law of the Ministry of Justice (DPDE/SDE/MJ). She was a professor at PUC-Rio (Microeconomics at the Department of Economics and International Economics for the master’s degree course at the Institute of International Relations) and at several courses at IBGC (Brazilian Institute of Corporate Governance), as well as an economist at the Center for Monetary Studies and International Economics of the Brazilian Institute of Economics of the Getúlio Vargas Foundation in Rio de Janeiro.

Mr. Elsztain is Cresud’s CEO and chairman of Fibesa S.A.; He is also vice-chairman of Nuevas Fronteras and S.A. and Inversora Bolivar S.A.; second vice-chairman of IRSA Inversiones y Representaciones Sociedad Anónima; and executive vice-president of Irsa Popriedades Comerciales S.A., among others. Mr. Alejandro Elsztain obtained a degree in agricultural engineering from University of Buenos Aires (Universidad de Buenos Aires). He is Eduardo S. Elsztain’s brother.

Mr. Elsztain has been engaged in the real estate business for more than twenty years. He founded Consultores Assets Management S.A. (formerly known as Dolphin Fund Management). He is the Chairman of the Board of Directors of Cresud IRSA – Inversiones y Representaciones Sociedad Anónima and Irsa Popriedades Comerciales S.A., among other positions. IRSA – Inversiones y Representaciones Sociedad Anónima and Irsa Popriedades Comerciales S.A. are considered two of the largest real estate companies of Argentina, acknowledged by its commercial shopping centers, residential and hospitality enterprises. He is also president of Banco Hipotecario S.A. and of IDB Development Corporation Ltd., He studied Economic Sciences at Universidad de Buenos Aires and he is Alejandro Gustavo Elsztain’s brother.

Mr. Zang was the founder of the law firm Zang, Bergel e Viñes. He is a member of the International Bar Association and the Interamerican Federation of Lawyers (Federación Interamericana de Abogados). He currently is first vice-chairman of IRSA- Inversiones y Representaciones Sociedad Anónima and of Irsa Popriedades Comerciales S.A.. He is chairman of Puerto Retiro S.A.; vice-chairman of Fibesa S.A.; executive officer of Banco Hipotecário S.A., Nuevas Fronteras S.A., and of IDB Development Corporation Ltd., among others. Mr. Zang received a degree in law from Universidad de Buenos Aires.