Management and Board of Directors

Board of Directors

Name Position Election End of term
Eduardo S. Elsztain Chairman October 02, 2017 October 2019

Mr. Elsztain studied Economic Sciences at Universidad de Buenos Aires. He has been engaged in the real estate business for more than twenty years. He is the Chairman of the Board of Directors of Alto Palermo S.A. (APSA), Consultores Assets Management S.A., Arcos del Gourmet S.A., Cresud S.A.C.I.F. y A., BACS Banco de Crédito & Securitización, IRSA Inversiones y Representaciones Sociedad Anónima, Tarshop, E-Commerce Latina S.A. and Banco Hipotecario, among other companies. He is also Director of IDBD Development Corporation Ltd. He is Alejandro Gustavo Elsztain’s brother.

Ricardo de Santos Freitas Independent Director October 02, 2017 October 2019

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.. Currently he is the CEO and Chairman of Semp Toshiba Amazonas, where he also acted as administrative and financial vice president.

Alejandro G. Elsztain Director October 02, 2017 October 2019

Mr. Elsztain obtained a degree in agricultural engineering from University of Buenos Aires (Universidad de Buenos Aires). Currently he is chairman of Fibesa, chairman of Cactus Argentina, second vice-chairman of Cresud, second vice-chairman of IRSA and executive vice-chairman of Alto Palermo S.A. (APSA). He is also vice-chairman of Nuevas Fronteras and Hoteles Argentinos. He is also director of Emprendimiento Recoleta S.A. and IDBD Development Corporation Ltd., among other companies. Alejandro G. Elsztain is brother of Eduardo S. Elsztain. Saul Zang: Mr. Zang obtained a law degree from University of Buenos Aires (Universidad de Buenos Aires). He is a member of the International Bar Association and the Interamerican Federation of Lawyers (Federación Interamericana de Abogados). He is a founding member of the law firm Zang, Bergel & Viñes. He is chairman of Puerto Retiro S.A., first vice-chairman of IRSA, and vice-chairman of Alto Palermo S.A. (APSA), Fibesa S.A., and Cresud S.A.C.I.F. y A. among other companies. He is also director of Banco Hipotecario, Nuevas Fronteras S.A., IDBD Development Corporation Ltd., BACS Banco de Crédito y Securitización S.A., Tarshop S.A., and Palermo Invest S.A., among other companies.

Saul Zang Director October 02, 2017 October 2019

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 Independent Director October 02, 2017 October 2019

Mr. Isaac Selim Sutton holds a degree in economics from the Universidade de 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, at Aracruz Celulose S/A. He has also served on the Boards of 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.

Carlos María Blousson Director October 02, 2017 October 2019

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. He does not have any criminal or administrative convictions that impede him from exercising management positions.

Alejandro Gustavo Casaretto Director October 02, 2017 October 2019

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. He does not have any criminal or administrative convictions that impede him from exercising management positions.

João de Almeida Sampaio Filho Independent Director October 02, 2017 October 2019

Mr. João de Almeida Sampaio Filho, earned a degree 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, Mr. Sampaio was President of the Brazilian Farmers’ Association (SRB) between 2002 and 2007 and is currently the São Paulo State Secretary of Agriculture.

Robert Gibbins Independent Director October 02, 2017 October 2019

Robert has been advising and managing global macro and emerging market portfolios and investments for over 20 years and as the head portfolio manager for Autonomy’s global macro, private equity and real estate strategies is responsible for all of Autonomy’s investment activities. Previously, he was the head of Emerging Markets and Global Macro Proprietary Trading at Lehman Brothers from 1996-2003; from 1994-1996 he was responsible for FX and Interest rate trading within Northern Europe at Lehman Brothers. He began his career at JP Morgan in 1992. Mr. Gibbins received a B.S. in Economics from the Wharton School at the University of Pennsylvania.

Board of Executive Officers

Name Position Election End of term
André Guillaumon CEO and Operations Officer November 07,2016 November 2017

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).

Gustavo Javier Lopez Administrative Officer and Investor Relations Officer November 07,2016 November 2017

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.

Fiscal Council

Name Position Election End of term
Fabiano Nunes Ferrari Sitting member October 02, 2017 October 2018

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.

Daniela Gadben Alternate member October 02, 2017 October 2018

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.

Ivan Luvisotto Alexandre Sitting member October 02, 2017 October 2018

sitting member elected by the controlling shareholder. Holds a Law degree from the Universidade de São Paulo (USP), a specialist degree in Accountability applied to Law from the Fundação Getúlio Vargas 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). As a partner at Suchodolski Advogados Associados law firm in São Paulo, with extensive experience in corporate planning and consultancy, M&As, international agreements and transactions, he has assisted Brazilian and foreign companies in structuring their investments in Brazil and abroad. He is also the Legal Director of the Brazil-Israel Chamber of Commerce and Industry since 2010.

Marcos Paulo Passoni Alternate member October 02, 2017 October 2018

alternate member elected by the controlling shareholder.Holds Law degree from Catholic University of São Paulo, and holds 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.

Débora de Souza Morsch Sitting member October 02, 2017 October 2017

sitting member elected by the minority shareholder. Graduated in Civil Engineering and Administration from Universidade Federal do Rio Grande do Sul (UFRGS). Ms. Morsch has a specialist degree in Capital Markets from Associação dos Analistas e Profissionais de Investimento do Mercado de Capitais (Apimec-UFRGS) and in Construction Management from UFRGS. Ms. Morsch is a partner and diretor at Zenith Asset Management and at SOLIDUS S/A CCVM and has been a member of the board of Electro Aço Altona S/A and a member of the fiscal council of Encorpar S/A.

Luciana Terezinha Simão Villela Alternate member October 02, 2017 October 2018

alternate member elected by the controlling shareholder. Holds Law degree from Catholic University of São Paulo, and holds Master’s degree in Tax. An associate attorney at Suchodolski Law Firm, she specializes in the fields of Taxes and Administrative Law.