Our Board of Directors is responsible, among others, for defining the strategy and general orientation of the business, and meets ordinarily, once a month, according to the established calendar and, extraordinarily as necessary.

According to our bylaws, the Board of Directors must consist of five to nine members, of which two or 20%, whichever is greater, must be Independent Members. The Board Members are elected at the General Shareholders Meetings to two-year terms, with the possibility of re-election, and are subject to dismissal at any time.

Our Board of Directors is currently composed of nine members of whom three are independent members, as shown in the table below:

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 2022.

Ricardo Annes Guimarães: graduated in Business Administration from Una – Faculdade de Ciências Gerenciais in 1988. With extensive experience within Bmg and the Bmg Business Group, he 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 and in February 2020 he was elected Chairman of the Board of Directors.

Olga Stankevicius Colpo: she 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. In February 2020, she as elected Vice-Chairperson of the Board of Directors.

José Eduardo Gouveia Dominicale: he 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.

Ângela Annes Guimarães: she 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: he 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.

Dorival Dourado Jr.: he holds a degree in Business Administration from Faculdade Associadas de São Paulo, specializing in Business Management. He has experience in many companies in the media and financial sector as President and executive positions, such as: Mova Sociedade de Empréstimo entre Pessoas, Vector Inovação e Tecnologia, Boa Vista-SCPC, Experian Global Services and Serasa, among others. In addition, Mr. Dorival has served in several Boards of Directors and Advisory,  such as Secretaria de Inovação e Tecnologia da Prefeitura de São Paulo, Semantix Tecnologia S.A., Avante.com.vc Soluções e Participações S.A., ABFintech (Associação Brasileira de FinTechs), Omni Soluções Financeiras and Febraban. He is an angel investor and involved with the innovation and entrepreneurship ecosystem. In April 2020, he was appointed as an independent member of Bmg’s Board of Directors.

Regina Annes Guimarães: she 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.

Manuela Vaz Artigas: she has a degree in Economics from Universidade Estadual de Campinas (Unicamp), with MBA from Anderson Business School at the University of California Los Angeles, where she graduated as a member of the Anderson Business Society and received the Fred Weston Excellence finance award. Furthermore, Ms. Manuela has solid experience in strategic, organizational and operational issues of national and multinational companies. In July 2020, she was elected as independent member of Bmg’s Board of Directors.

Marco Antonio Antunes: he 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, and also a member of the Board of Directors of Bmg Seguros. In September 2017, he was elected Executive Managing Director of Banco Bmg, in February 2020, he was elected Executive Vice President and in August 2020 he became the Investor Relations Officer. In October 2021, he was elected as member of the Bmg’s Board of Directors.

(1) Pending by approval by the Brazilian Central Bank.

The Board is responsible for conducting our business, as well as for executing our strategy.

As defined in our bylaws, the members of the Executive Board will exercise their mandate up to 90 days from the end of the fiscal year in which the director turns 62 years and will remain in office until his replacement takes office.

The current Board members are listed below:

¹ The term of office of all officers will be extended to the first Board of Directors Meeting held after the 2024 General Shareholders Meeting.

Ana Karina Bortoni Dias: she 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 Chairwoman of Bmg’s Board of Directors. In February 2020, she resigned as Chairwoman of the Board of Directors and was elected President Director of Banco Bmg.

Flávio Pentagna Guimarães Neto: he 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. In May 2021, he was elected Executive Vice President and in February 2022 he started to accumulate the position of Investor Relations Officer.

Sandoval Martins Pereira: he has a degree in Accounting from PUC-SP, an MBA from Business School São Paulo, a Global Economics course at the University of Toronto, an Entrepreneurship Program from Babson College, and a Cybersecurity Program at MIT. With a career focused on digital transformation and fintechs, he has served as CEO at Buscapé and CBS Cybersecurity Holding, CFO at PayU, and on the Audit Committee of Banco Original. He is a member of the Board of Directors at CVC and is a mentor for entrepreneurs at Endeavor Brazil. In 2019 and 2020, he was a member of the Board of Directors of Banco Bmg and in March 2022 he was elected Executive Vice President of Banco Bmg.

Eduardo Mazon: he has a bachelor’s degree in Computer Science from the Federal University of São Carlos (UFSCar) in 1999 and a postgraduate 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.

Adelaide Campos Andreu Simões: holds a degree in Social Communication, Advertising and Publicity from Universidade Paulista, and an Executive MBA with emphasis in Finance from INSPER. Has over 20 years of experience in the market with a focus on retail products and marketing strategies, having worked in the Pão de Açúcar Group and in several Banco Itaú companies. She joined Banco Bmg in August 2020 and in November 2021 was elected as Director by Bmg.

Carlos André Hermesindo da Silva: graduated in Accounting Sciences from Fundação Escola do Comércio Álvares Penteado, with a specialization in Accounting and Finance from the University of São Paulo and an Executive MBA in Finance from INSPER. He has over 25 years of experience in finance and risk on Financial Institutions, with executive positions at Itaú, Banco Original and Banco Voiter and as a Board Member at PicPay. He joined Banco Bmg in November 2021 and was elected Director in December.

Daniel Antonio Baptista Freire: he has a degree in Information Systems Administration from União Educacional de Brasília. He has extensive experience in B2C companies, having worked at Buscapé, Lomadee, Ticket, Sulamerica, Portal R7, among others. He joined Banco Bmg in February 2020 and in May 2021 was elected Director at Banco Bmg.

Daniel Fernando Pavelec: holds a degree in Systems Analysis from PUC-PR, a Master’s degree in Applied Computing PPGIA and Computer Forensics and Biometrics from PUC-PR, and an MBA in Strategic Business Management from FGV, among other certifications. He developed his career focused on technology, projects, governance, strategic planning and transformation in large companies such as HSBC Bank, Grupo Boticário and Capgemini. He joined Banco Bmg in June 2019 and in November 2021 was elected Director by Bmg.

Felice Italo 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.

Jean Carlos Alexandre Abrahão: has a degree in Civil Engineering from the Polytechnic School of the University of São Paulo – USP, attended for 2 years a Master’s degree in Applied Quantitative Methods to Finance also from USP (incomplete: credits and qualification completed) and a Master’s degree in Business Administration from Carnegie Mellon, Tepper Business School. He has worked for over 25 years in the financial sector with focus on credit and modeling, having worked at Banco Itaú and Banco Safra. He joined Banco Bmg in July 2021 and in November 2021 was elected as Director by Bmg.

Luciana Buchmann 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.

Marcello Lobo da Cunha Chacon Lemos: graduated in Advertising and Publicity from Faculdade de Comunicação Hélio Alonso, with a technical degree in Statistics from Escola Nacional de Ciencias Estatisticas – ENCE. His career, spanning more than 15 years, was built in the banking sector, with wide experience in the commercial area and payroll loan products. In 2009, he joined Banco Bmg and in November 2021 was elected Director by Bmg.

Roberto Fonseca Simões Filho: has a degree in Business Administration from FGV and an MBA in Finance from the Ibmec Business School. He has 26 years of experience in the financial market, with extensive expertise in treasury, asset management and risk management. He was board member and CFO at Haitong Brazil, where he worked for 15 years and has accumulated experience in other financial institutions. He joined Banco Bmg in December 2020 and in May 2021 was elected Director at Banco Bmg.

The Fiscal Council is a corporate body, independent from the management and external auditors. Its responsibility is to monitor management activities, review our financial statements and report its conclusions to the shareholders.

Our Fiscal Council is permanent¹, installed at 2020 Ordinary General Meeting, with reelection of members at 2022 Ordinary General Meeting and will operate until 2023 Ordinary General Meeting. It is currently composed of three effective members and three alternate members.

Fernando Marques Cleto Duarte: holds Economy degree from Universidade Presbiteriana Mackenzie and Law degree from Universidade de São Paulo (USP). He served as a member of the fiscal council of Alpargatas S.A., as a consultant on the fiscal and corporate control board of Itaú Unibanco S.A. and, for two consecutive mandates, as a counselor appointed by the Confederação Nacional das Instituições Financeiras/Febraban on the Conselho Administrativo de Recursos Fiscais (CARF). He currently advises on tax, corporate and regulatory matters and is an MBA professor.

Fernando Antônio Fraga Ferreira: holds a Law degree from the Pontifícia Universidade Católica de Minas Gerais (PUC-MG), and a doctoral student in Legal and Social Sciences from UMSA/Argentina. He currently serves as a founding partner and executive director of Ferreira e Chagas Advogados, and has extensive experience as a member of the board of directors of companies.

Mirtes Kinuko Yamamoto: has a degree in Public Administration from Fundação Getúlio Vargas (FGV) and in Law from Universidade de São Paulo (USP), holds a MBA in Controllership from USP and MBA in Contemporary Management from FGV. He worked from 1993 to 2019 at the Central Bank of Brazil, managing supervision teams for medium and small, private, national and foreign banks, in many segments of operation, as well as supervision teams for financial and consortium administrators.

Flávio de Sousa Franco: holds a degree in Civil Engineering. He was managing partner of several companies, such as Distribuidora de Bebidas Leão do Bonfim (AMBEV) and FJR Seguros Ltda. Mr. Flávio currently holds the position of managing partner at Sousa Franco Assessoria Empresarial.

Paulo Henrique Santana Barbosa: holds a Law degree from Universidade São Judas Tadeu and an Accounting degree from Universidade Católica de São Paulo (PUC-SP). He also has an executive MBA in Finance from the New York Institute of Finance/Saint Paul Business School. He developed his career in large corporations such as PricewaterhouseCoopers and Martin-Brower and is currently a partner at RVC Consultoria e Assessoria Empresarial.

(1) Pending by approval by the Brazilian Central Bank.