Board of Directors and Executive Board

Conselho e Diretoria

Board of Directors

BMG’s Board of Directors meets ordinarily, once a month, according to a previous schedule, and extraordinarily as necessary. It is responsible for defining the strategy and general orientation of the business, among other attributes, by approving the policies as well as oversight of the Executive Board so that it fulfills the commitment to implement the established directives. Additionally, under the Brazilian Corporations Law, the Board of Directors is also responsible for hiring independent auditors.
According to Banco BMG statutes, the Board of Directors must consist of four to eight members, three of whom may be Independent Members. The Board Members are elected at the General Shareholders Meetings to three-year terms, with the possibility of re-election, and are subject to dismissal at any time or without justification.
The bank’s Board of Directors is currently composed of at most nine member of whom at least two are independent directors including the President, as shown in the table below:

Counselors Office Election Date
Ana Karina Bortoni Dias Chairperson (IM) Apr 04, 2019
Ângela Annes Guimarães Member Apr 30, 2018
Antônio Mourão Guimarães Neto Member Apr 04, 2019
José Eduardo Dominicale Member Apr 30, 2018
Olga Stankevicius Colpo Member (IM) Apr 30, 2018
Regina Annes Guimarães Member Apr 30, 2018
Ricardo Annes Guimarães Member Feb 25, 2019
Sandoval Pereira Martins Member (IM) July 29, 2019

IM: Independent Member
The term of the Board members extend until the investiture of those elected at the General Shareholders Meeting to be held in 2021.

Ana Karina Bortoni Dias: Mrs. Dias holds a Bachelor’s Degree in Chemical Sciences, with a Master’s degree in the same field from the University of Brasília. She has been working for 20 years in consulting with focus on developing and implementing corporate governance, family governance and transformation, including digital cultural in the financial sector, working with some of the largest conglomerates in Brazil. Since 2010, she has been a partner at McKinsey & Company. In 2019, she was elected Chairperson of BMG’s Board of Directors.

Ângela Annes Guimarães: Ms. Guimarães has a bachelor’s degree in Social Studies from PUC-MG, has been an executive officer of several non-financial companies belonging to the Guimarães family, a member of the Executive Committee of BMG Financial Companies since 1993 and a member of BMG’s Board of Directors.

Antônio Mourão Guimarães Neto: Mr. Guimarães Neto graduated in Business Administration from Una – Faculdade de Ciências Gerenciais in 1980. He works in the management of agricultural companies of business groups belonging to the Guimarães Family. He has been a member of the Executive Committee of BMG Financial Companies since 1993 and was a member of BMG’s Board of Directors from 1978 to 2011. In 2019, he was elected member of BMG’s Board of Directors.

José Eduardo Gouveia Dominicale: Mr. Dominicale holds a law degree from Braz Cubas University and an MBA in management from IBMEC. He gained experience in the credit risk and collection process at several national and international banks, such as Banco Martinelli, BankBoston and CitiGroup. In 2007, he was appointed Executive Director of BMG and in 2015 he left the Bank to become Vice President of the BMG Entrepreneur Group.

Olga Stankevicius Colpo: Ms. Colpo has a degree in organizational psychology, a specialist in Human Resource Management from FGV, as well as in Managing Managers from Michigan University and in International Business from Harvard University. She also holds an International Executive MBA from FIA/USP. She was a consulting partner at PwC, where she worked for more than thirty years, until 2009. From 2009 to 2016, she was the Chief Executive Officer of Participações Morro Vermelho, the Camargo Corrêa Group’s family holding company. As a Consultant, Board Member and Executive, she supported boards of directors and companies in implementing more robust family and business governance models and new business management systems. In April 2017, she became an independent member of BMG’s Board of Directors.

Regina Annes Guimarães: Ms. Guimarães has a degree in tourism from the Faculdade de Turismo de Belo Horizonte, and serves on the Boards of Directors of several of the Guimarães family’s non-financial companies. She has been a member of the Executive Committee of BMG Financial Companies since 1993 and serves as a member of BMG’s Board of Directors.

Ricardo Annes Guimarães: Mr. Guimarães graduated in Business Administration from Una – Faculdade de Ciências Gerenciais in 1988. With extensive experience within BMG and the BMG Business Group, Mr. Guimarães started working at Banco BMG in 1980 and has since been very successful as CFO (1989) and then as Vice President (1996). He served as CEO of the Bank between 2004 and 2013. In 2019, he was elected member of BMG’s Board of Directors.

Sandoval Martins Pereira: Mr. Pereira holds a degree in Accounting from PUC-SP, an MBA from Business School São Paulo, an Entrepreneurship Program from Babson College Boston and a Global Economics Program from the University of Toronto. With a career focused on digital transformation and fintechs, has served as CFO and later CEO of Buscapé, Audit Committee of Banco Original, Interim CFO of PayU – Naspers Group, CFO of BCash and CFO of Multiplus. He is currently an Advisory Board Member of FortBrasil through Endeavor, a Brazilian fintech focused on the low-income market. In July 2019, he was appointed as an independent member of BMG’s Board of Directors.

 

Executive Board

BMG’s management is exercised by the Board of Executive Officers, under the supervision of the Board of Directors, which develops policies and guidelines to be implemented by the Officers on a daily basis. Additionally, it is the responsibility of the President Director of the Executive Board to supervise and coordinate BMG’s businesses.
Elected by the Board of Directors, the members of the Executive Board serve three-year terms, with the possibility of re-election, and are subject to dismissal at any time or without justification.

 

Director Office Election Date¹
Marco Antonio Antunes Executive Managing Director May 02, 2018
Márcio Alaor de Araújo Executive Vice President November 09, 2018
Eduardo Mazon Executive Director May 02, 2018
Flavio Pentagna Guimarães Neto Executive Director May 02, 2018
Amanda Ituassu Araujo Director October 17, 2018
Aydes Batista Marques Júnior Director April 04, 2019
Felice Ítalo Napolitano Director October 17, 2018
Guilherme Vieira Neves Director October 17, 2018
Luciana Buchmann Freire Director October 17, 2018
Rodrigo Battella Gotlib Director April 04, 2019

¹ The term of office of all officers will be extended to the first Board of Directors Meeting held after the 2019 General Shareholders Meeting.

Marco Antonio Antunes: Mr. Antunes has a degree in metallurgical engineering from Universidade Presbiteriana Mackenzie and a degree in Finance and Accounting from the University of São Paulo. He has worked for over 30 years in the financial market, with 28 years at Itaú Unibanco, 13 of them as Director of Accounting. In February 2013, he joined BMG as Executive Director. He is also a member of the Board of Directors of BMG Seguros, as well as a permanent guest of BMG’s Board of Directors. In September 2017, he was elected Executive Managing Director of Banco BMG.

Márcio Alaor de Araújo: Mr. Araújo holds a bachelor’s degree in business from Instituto Metodista Benett and a post-graduate degree in financial management by Fundação João Pinheiro. He has been with the Bank for over 40 years and is one of the leading names in the Brazilian payroll finance sector. He was appointed our Executive Vice President in 2018.

Eduardo Mazon: Mr. Mazon has a bachelor’s degree in computer science from the Federal University of São Carlos (UFSCar) in 1999 and a post-graduate degree in Business Administration from FGV-SP in 2004. He has worked for 20 years in Information Technology and Operations and more than ten years in financial institutions and other companies, such as Itautec-Philco, Vivo and Banco GE Capital, where he held coordinator, managerial and senior management positions. In 2013, he was elected Executive Officer of Banco BMG.

Flávio Pentagna Guimarães Neto: Mr. Guimarães Neto has a bachelor’s degree in business administration from IBMEC, an MBA from Columbia University and has worked for BCP Securities, Lloyds TSB Bank and Itaú Unibanco, working for 11 years in the financial market. He was a member of our board of directors, he has participated in several strategic processes and was a member of the board of directors of Banco Itaú BMG Consignado. In September 2017, he was elected Executive Officer and appointed as the Investor Relations Officer.

Amanda Ituassu Araujo: Ms. Araujo has a degree in Journalism from Newton Paiva, specializing in Business Management from FGV, has more than 20 years of experience in the financial market at institutions such as Banco Panamericano, Banco Fibra and Banco Santander and for the last 18 years has been working at Banco BMG, mostly in the commercial area. In 2018 she was appointed Director of Banco BMG.

Aydes Batista Marques Junior: Mr. Marques Junior graduated in Economics from UFRJ – Federal University of Rio de Janeiro in 1997. He built his career of more than twenty years focused on retail and wholesale operations in the financial sector, having worked for HSBC and Bradesco. In 2019, he was elected Director of BMG.

Felice Italo Napolitano: Mr. Napolitano holds a bachelor’s degree in Accounting from PUC / SP, an MBA in Finance from IBMEC. Has more than 27 years of experience in auditing, including 23 years in the financial market, of which 15 years at Banco ABN AMRO Real, as well as other companies such as Coopers & Lybrand and Banco Caixa Geral de Depósitos. Responsible for the Internal Audit Area of BMG since 2013 and permanent guest of the Audit Committee, he was appointed Director in 2018.

Guilherme Vieira Neves: Mr. Neves has a bachelor’s degree in Physics from USP, a bachelor’s degree in Economics from USP, an MBA in Economics and the Financial Sector from Fipe/USP, and has more than 20 years of experience in the financial market. He was Superintendent of Risks at Itaú Unibanco and Executive Superintendent of Risks at Safra. With BMG since 2015, he was appointed Director in 2018.

Luciana Buchmann Freire: Ms. Freire holds a law degree from the University of São Paulo (USP), specializing in Business Law, and has 20 years of experience in the financial market. A lawyer with an emphasis on international banking law, in 1999 she became the executive director of Rabobank Brasil, in 2001 she headed the legal department of Banco Fibra and was appointed statutory director in 2007. In 2013, she joined Banco BMG and in 2018 she was appointed Director.

Rodrigo Battella Gotlib: Mr. Gotlib holds a degree in Economics from PUC – Pontifícia Universidade Católica and an MBA from FGV – Fundação Getúlio Vargas. He has extensive experience in the development and management of products for the technology and means of payment market and a solid career in the financial market, having worked for Mastercard, Banco Bonsucesso and PagSeguro. In 2019, he was elected Director of BMG.

 

 

 

 

Fiscal Council

According to the Brazilian Corporation Law, the Fiscal Council is a corporate body, independent from the management and external auditors, consisting of at least three and at most five members and their respective alternates. Its responsibility is to monitor management activities, review the Company‘s financial statements and report its conclusions to the shareholders.

The Council can be permanent or not. In the case of a non-permanent Fiscal Council, it shall be install by the request of shareholders representing at least one tenth of voting shares for a specific fiscal year, and its operation will be terminated at the first Annual General Meeting following its installation.

In the case of BMG, the Company‘s Bylaws provide for a non-permanent Fiscal Council, and when requested to be installed, its member’s election and the fixation of their remuneration will be terminated at a General Meeting.