Corporate Governance > Management and Board of Directors

Management and Board of Directors

Board of Directors

The board of directors (conselho de administração) and the board of executive officers (diretoria) are responsible for the operation of BrasilAgro’s business.

BrasilAgro’s board of directors is responsible for establishing its long-term strategies and setting its general business policies and guidelines.

According to BrasilAgro’s By-laws, its board of directors shall elect, amongst its members, a minimum of three and a maximum of four directors to compose the executive committee and three directors to compose the compensation committee. Additionally, the Company’s By-lawsallow its board of directors to create other committees or working groups with specific purposes, in addition to those already mentioned. These bodies are created for consultation purposes, being formed to advise and support BrasilAgro’s board of directors.

The Board is composed of nine members, of which three are independent. Below are the names of members and their respective biographies

Robert Charles Gibbins - Robert Gibbins is Company´s Vice-chairman. Chief Investment Officer and Founder of Autonomy Capital. Robert established Autonomy in 2003. Prior to Autonomy, he spent 9 years as Head of Emerging Markets Proprietary Trading and as a European Government debt trader at Lehman Brothers. Robert started his career as a Fixed Income and FX derivative trader at JP Morgan. In 1992, Robert received a B.S. in Economics from the Wharton School at the University of Pennsylvania.

Fábio Schuler de Medeiros - Graduated in Veterinary Medicine from the Federal University of Santa Maria and Ph.D in Animal Production - Nutrition and Meat Quality from the Federal University of Rio Grande do Sul He works in coordination Certified Angus Beef Program Brazilian Angus Association.

David Alberto Perednik - Holds a degree in Accounting from the University of Buenos Aires. Since 1997 he is Managing Director of IRSA and Alto Palermo. Previously worked as Financial Manager of Marifran International SA, a subsidiary of Louis Dreyfus between 1986 and 1997.

Alejandro G. Elsztain - Alejandro G. Elsztain serves as chairman of Inversiones Ganaderas S.A. He is also the second vice-chairman of IRSA, vice director-president of APSA and Shopping Alto Palermo S.A. - APSA and second vice director-president and main executive officer of Cresud. Alejandro Elsztain is the brother of the chairman of Cresud, Eduardo S. Elsztain. Mr. Alejandro Elsztain has a degree in Agricultural and Livestock Engineering from the University of Buenos Aires

Saul Zang - Saul Zang was the founder of the law firm Zang, Bergel e Viñes and the first vice-chairman of Cresud, IRSA, Alto Palermo S.A. - APSA and Shopping Palermo S.A., vice-chairman of Puerto Retiro e Fibesa and director of Banco Hipotecário S.A., Nuevas Fronteras S.A., Tarshop e Palermo Invest S.A. Mr. Zang received a degree in law from Universidad de Buenos Aires. Mr. Zang holds 15% of Consultores Asset Management, the company that renders advisory services to Cresud.

Isaac Selim Sutton - Isaac Selim Sutton holds a degree in economics from the University of São Paulo (USP). He was an executive officer at the Safra Group’s holding company from 1994 to 2009, where he participated in several privatizations and investments, as well as joint ventures in several sectors. He is currently a member of the Fiscal Council of Bardella S.A. Indústrias Mecânicas. From 1995 to 2008, he was a member of the Board of Directors, Alternate to the Chairman of the Board and Coordinator of the Audit Committee since its creation in 1997, at Aracruz Celulose S/A. He has also served on the Boards of the following companies: Bardella S/A., DPVAT S/A., Telenorte Celular, TIM Participações S/A., Veracel Celulose S/A., BR Properties S/A., Gevisa S/A and Celma S/A and on the Fiscal Councils of TIM Sul, Têxtil Renaux and TIM Nordeste.

Gabriel Pablo Blasi - Gabriel Pablo Blasi holds a degree in business administration from the University of CEMA (Centro de Estudos Macroeconômicos Argentino) and a graduate degree in finance from the Austral University in Argentina. He started his career in 1989 at Citibank, where he was as a Senior Trader for 7 years. He then worked as treasurer at Buenos Aires Branch plc. and at Lloyds Bank plc. in Buenos Aires. He has over 20 years of experience in Investment Banking and Capital Markets, having worked at Banco Río (BSCH). He was the manager of Rio Valores Sociedad de Bolsa, CFO of the Carrefour Group in Argentina and of Goyaique SACIFIA. He is currently the CFO of the Cressud Group companies, IRSA and Alto Palermo.

João de Almeida Sampaio Filho - graduated in Economics from the Fundação Armando Álvares Penteado - FAAP in 1987 and owns farms in the states of Paraná, São Paulo and Mato Grosso. He has served as President of the National Natural Rubber Commission of the Brazilian Confederation of Agriculture (CNA) and President of the National Rubber Sector Chamber. Nominated by President Fernando Henrique Cardoso as a member of the National Agricultural Policy Council, he was President of the Brazilian Farmers’ Association (SRB) between 2002 and 2007 and is currently São Paulo State Secretary for Agriculture and Supply.

Eduardo S. Elsztain - Eduardo S. Elsztain is the chairman and has more than 20 years of experience in the real estate industry. He founded Consultores Asset Management (formerly called Dolphin Fund Management). He is Chairman of the Board of Cresud, IRSA, Alto Palermo S.A. - APSA and Shopping Palermo S.A., among other things. IRSA and Alto Palermo S.A. - APSA are the most diversified companies in the Argentinean real estate sector, operating in the commercial building, shopping center, hotel, apartment block and residential project areas, and they have a solid history. He is the Vice-president of Banco Hipotecário S.A. and of E-Commerce Latina S.A. Mr. Eduardo Elsztain is the brother of the director, second Vice-president and CEO of Cresud, Alejandro S. Elsztain. Mr. Eduardo Elsztain has a degree in Economics from the University of Buenos Aires. Mr. Elsztain owns 85% of Consultores Asset Management, the company that provides Cresud with consulting services.

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Board of Executive Officers

The executive officers are responsible for the day-to-day management of BrasilAgro’s business implementing the resolutions of its board of directors.

BrasilAgro’s executive officers are elected by the board of director for one-year term and re-election is permitted. Executive officers may be removed at any time.

Currently, Management is composed of four Executive Officers, whose biographies are found below.

Julio Toledo Piza. Julio Toledo Piza graduated in Agronomy Engineering from the Escola Superior de Agricultura Luiz de Queiroz (ESALQ) of the University of São Paulo at Piracicaba and has an MBA in Administration and Finance from Columbia Business School in New York. In addition to 8 years of field experience as an agronomy engineer, he has spent the last 6 years at McKinsey and Company in São Paulo, where he held several important positions.

Gustavo Javier Lopez . Gustavo Javier Lopez joined Cresud in 1999 as budget manager. Since 2004, he has served as budget manager of IRSA. Mr. Lopez has also worked for the Argentine company Estancias Unidas del Sud as its budget analyst and as accountant for Loma Negra. He received an accounting degree from the Universidade de Buenos Aires. His business address is the same as our headquarters.

André Guillaumon holds a bachelor’s degree in Agricultural Engineering from the Luiz de Queiroz Higher School of Agriculture (ESALQ/USP) at Piracicaba. In 1996, he began his career at Fertibrás S.A., where he worked directly in preparing and implementing fertilizer production and sales strategies. Mr. Guillaumon also represented Fertibrás S.A. in technical forums, such as the 25th International Fertilizer Management Seminar (Chicago, USA) and at the Fertilizer Quality Commission (ANDA).

Mario Aguirre Graduated in Agronomy Engineering from the Universidade Nacional do Centro do Estado de Buenos Aires. In 1987, he began his career at La Macedônia as the property´s General Manager. He continued his professional trajectory as Production Officer at La Morocha S.A. and Agroedera S.A. In 1999, he joined Cresud as Head of the Agriculture Unit.

Diego Chillado Biaus holds a Licentiate degree in Agricultural Economics and Administration from the Agricultural School of the University of Buenos Aires and a MBA in Agribusiness from Universidad Austral. He has vast experience in the commercial area and in the grains market. He has also worked as Commercial Director at Cresud for eight years. He has international experience in Argentina, Bolivia and Paraguay. Mr. Chillado Biaus has also worked as trader at Granos del Paraná brokers and in the supply chain area.

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Fiscal Council

Under Brazilian Corporate Law, the Conselho Fiscal, or fiscal council, is a corporate body independent of the management and the company’s independent accountants. The primary responsibilities of the fiscal council are monitoring management activities, reviewing the company’s financial statements, and reporting its findings to the company’s shareholders. The fiscal council may be either permanent or non-permanent, in which case it will be created at the request of shareholders representing at least 10% of the voting shares to act by the first annual meeting held subsequently to its creation.
Under BrasilAgro’ bylaws, its fiscal council is permanent and composed of a minimum of three and a maximum of five members and their respective alternates.

Aloísio Kok - sitting member elected by minority common shareholder. Graduated in Economics from the University of São Paulo. He is a member of the General Shopping Brazil S/A and BHG S/A Brazil Hospitality Group Audit Committee. Have an experience of 27 years in banking organizations with extensive knowledge in the areas of Consumer Credit, Capital Markets, Finance, Asset Management and Credit.

Fabiano Nunes Ferrari - sitting member elected by the controlling shareholder. Graduated in Law from the Law School of the Pontifical Catholic University of São Paulo, is a partner at Suchodolski Lawyers, which operates in the areas of Commercial Law, International Law, Foreign Investments, Mergers and Acquisitions and Contracts. In corporate law operates in processes of acquiring control of companies or assets, due diligence, shareholder agreements, joint ventures and corporate restructurings. He worked at the law firm Bryan Cave LLP in New York. He is a member of the International Bar Association.

Alexandre Luiz Oliveira de Toledo - (alternate member elected by minority common shareholders). Mr Toledo holds a law degree from the Law School at the Universidade de São Paulo. He has over years of work experience with financial institutions, particularly capital markets. Mr.Toledo has worked in the legal department of Bradesco e Schahin Cury S/A, among other banks and has been a member of the fiscal council of several companies such as Sabesp, Ripasa, Plascar, UOL and others.

Daniela Gadben - alternate member elected by the controlling shareholder. Graduated in Law from the University of São Paulo, with a Masters in Law (LLM) from the London School of Economics and Political Science. Is the lawyer Suchodolski Advogados Associados, working in the areas of Corporate Law and International Law.

Gabriel Luiz Herscovici Junqueira - sitting member elected by the controlling shareholder. Graduated in Law and Master in procedural law from the University of São Paulo. He is an associate lawyer‘s office Suchodolski Lawyers, where it operates in the areas of International Law, Corporate Law, Civil Litigation, and with an emphasis on alternative methods of dispute settlement. He is an honorary member of the Association of Students of Arbitration - ABEARB since its founding.