Management And Board Of Directors

Chairman

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.

Vice President

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.

Sitting member

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.

Sitting member

Mr. Blousson obtained a degree in agronomy from the University of Buenos Aires. Mr. Blousson has held several positions at Cresud SACIFy A. since 1996. At the beginning of his career at that company, he held a position in the commercial department until his appointment as Commercial Director in 1999. Afterwards, he was responsible for the expansion of the company for the region until he was finally promoted to the post of International Chief Executive Officer in 2008. He was subsequently appointed Managing Director for operations in Argentina and Brazil, a position he has held since 2012. Prior to joining Cresud, Mr. Blousson worked at Vanexa Bursátil and as farm manager and technical consultant at Leucon S.A.

Sitting member

Mr. Casaretto joined Cresud S.A.C.I. A. A. in 1979, having held several positions related to the management of the company in matters related to agribusiness since his entry into the Company. Mr. Casaretto was appointed as director in several companies, such as Sociedad Anónima Carnes Pampeanas S.A. and Agro Uranga S.A.

Independent member

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.

Independent member

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.

Sitting member

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.

Sitting member

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.

Alternate member

Mr. Freitas holds a Law degree and PhD in Commercial Law from the University of São Paulo, is a founder partner at Freitas & Leite Law Firm, specialized in financing and capital markets, as well as tax matters. Worked as a lawyer at da Hedging-Griffo Corretora de Valores S.A. and as a statutory executive responsible for the management of customer‘s assets at Banco Intercap S.A.. Mr. Freitas also acted as CEO and Chairman of Semp Toshiba Amazonas, where he also acted as administrative and financial vice president. Currently he is the Chief Operating Officer at Hedge Investments Group

Alternate member

Mrs. Zang graduated from the University of Buenos Aires in 1995 and obtained an LLM from the Law University of New York in 1998. She regularly contributes with national and international publications and has been acknowledged in publications such as Best Lawyers, Lawyers of the City and Chambers & Partners as one of the best lawyers in Argentina. Ms. Zang has been a partner since 2012 at Zang, Bergel & Viñes Abogados, and is responsible for the Departments of Banking Law and Capital Markets.

Alternate member

Mr. Lernoud holds a degree in Law from Universidad del Salvador in 1992. He holds a Master‘s Degree in Corporate Law from the University of Palermo. He was a member of Zang, Bergel & Vines until June 2002, when he joined as legal advisor IRSA Inversiones y Representaciones S.A., Cresud S.A.C.I.F.y A. and IRSA Comercial Propiedades S.A.

Alternate member

Graduated in Business Administration from IBMEC/RJ and in Accounting from PUC-MG, with a Masters in Business Administration from FGV/EBAPE. Board Member certified by IBGC, with the Advanced Course of Board Member by IBGC. He attended the Director‘s College at Stanford University. Acted as Alternate Advisor at ALL Logística S.A. (Rumo) and as an executive in national and multinational companies, with experience as a financial manager for over 20 years. More recent role as Chief Financial Officer for Latin America at Gefco Logística, having managed companies in Brazil, Mexico, Chile and Argentina and participated in supervisory boards of companies in these countries. Acted as a professor of Planning and Controllership in the graduation in Administration and Accounting at IBMEC/RJ.

Sitting member

Mr. Alexandre holds a Law degree from the University of São Paulo (USP) and a specialist degree in Accountability applied to Law from the Getúlio Vargas Foundation in São Paulo (FGV-SP), as well as a specialist degree in Information Technology Law from the Fundação Getúlio Vargas in São Paulo (FGV-SP). A partner at Suchodolski Law Firm, with extensive experience in corporate planning and consultancy, M&As, international agreements and transactions, having assisted Brazilian and foreign companies in structuring their investments in Brazil or abroad. Also the Legal Director of the Brazil-Israel Chamber of Commerce and Industry since 2010.

Alternate member

Mr. Luiz Fernando Oliveira Fernandes da Silva holds a Law degree from the Law School of Universidade Mackenzie of São Paulo, with a postgraduate degree in Business Law from Fundação Getúlio Vargas. He works as a lawyer in the areas of Corporate Law and Mergers and Acquisitions. He is a member of the São Paulo Lawyers Association.

Sitting member

Economist. Member of the Statutory Audit Committees of SPTrans (São Paulo Transportes) and CET-SP (São Paulo Traffic Engineering Company) since 2018 – Companies of the City of São Paulo, Fiscal Council Member of Junior Achievement Brasil (NGO) since 2020, Member of the Sustainability Commission of the IBGC (Brazilian Institute of Corporate Governance), Member of the Executive Committee of the Brazilian Stewarship Code (Amec + CFA), Substitute Member of the Fiscal Council of Klabin from 2019 to 2021, Substitute Member of the Fiscal Council of Notre Dame Intermédica and until 2017 Executive Director of Iguaçu Celulose, Papel SA Mr. Geraldo informs that he does not hold other management positions in third sector companies or organizations in addition to those mentioned above. Additionally, Mr. Geraldo declares that he is not considered a politically exposed person, under the terms of the applicable regulations.

Alternate member

Mechanical and Automobile Engineer (Instituto Militar de Engenharia – 1981), Specialization in Business Administration – Pontifical Catholic University/RJ (1991). Vice President of Finance, Legal and Regulation at Nextel Telecomunicação (2015-2017) – Board Member, Coordinator of the Audit, Compliance and Risks Committee and Member of the Finance Committee of Norte Energia S.A. (2017- present); Board Member of Eletronuclear S.A. (2019-present); Board Member of Eletronorte S.A. (2019-present); Fiscal Council Member of the IRB (2021-present). He is a Member of the Board of Directors of Junior Achievement Brasil (NGO), is a Member of the Vocation Advisory Board (NGO) and was a Member of the Fiscal Council of the Brazilian Rugby Confederation.

Sitting member

Mr. Passoni holds a Law degree from Catholic University of São Paulo, and holds a Master’s degree in Diffuse Rights from Unimes. He is partner at Suchodolski Law Firm, he specializes in the fields of Civil Law and Litigation. He was member of board of OAB-SP. Also, he is professor of Civil Litigation Procedure in the Superior School of Advocacy

Alternate member

Mrs. Ariane Cristina Vilalta holds Law degree from University Paulista and specialist degree in Labor Law from Catholic University of São Paulo. She is associate lawyer at law firm Suchodolski Advogados, acting in the Litigation and Labor areas.