Statutory Board of Officers

Santos Brasil Participações’ officers are the legal representatives of the Company and are responsible for its day-today management. The Executive Officers carry out the policies, guidelines and activities related to the Company’s corporate purpose using the means necessary to make sure the decisions and guidelines set by the Board of Directors are faithfully observed.

Pursuant to Santos Brasil Participações’ bylaws, the Company must have up to five officers, all elected by the board of directors for a two-year term, being reelection permitted. Any officer may be removed by the board of directors before the expiration of his/her term.

Presently, the Board consists of: (i) Chief Executive Officer; (ii) Chief Financial and Investor Relations Officer; (iii) Chief Commercial Officer and (iv) Chief Operating Officer.

Under Brazilian Corporate Law, officers must reside in Brazil and are not required to be shareholders of the company. In addition, up to one third of or board of directors may be comprised of officers.



Name Position Term Expires
Antonio Carlos Duarte Sepúlveda Chief Executive Officer and Interim Operations Officer MAY of 2022
Antonio Carlos Duarte Sepúlveda. Mr. Sepúlveda holds a degree in Civil Engineering from the Federal University of Bahia and an MBA from Saint Joseph’s University in Philadelphia. He has been working in the port sector since 1992 and in Santos Brasil since 2000. Mr. Sepúlveda was Chief Operating Officer of the Company from 2002 to March 2010, when he became Chief Executive Officer.
Daniel Pedreira Dorea Chief Financial Officer and Investor Relations Officer MAY of 2022
Daniel Pedreira Dorea. Holds a bachelor’s degree in Business Administration from the Federal University of Bahia, a bachelor’s degree in Law from the Catholic University of Salvador, and a post-graduation degree in Tax Law from IBET (Brazilian Institute of Tax Studies). He is a member of the ABCI Institute (Brazilian International Trade Scholars), headquartered in Washington, D.C. Mr. Dorea participated in the Commercial Policy Training Program promoted by the Brazilian Embassy in Washington, D.C., EUA, in 2008. He practiced law for five years and, subsequently, migrated to the private equity industry, where he worked at Opportunity Asset Management from 2011 to 2016. From 2013 to 2018, was a member of the Board of Directors of Santos Brasil, having been elected, in October, 2016, to the postion of Economic-Financial and Investor Relations Officer, which he was reelected in 2018.
Ricardo dos Santos Buteri Chief Commercial Officer MAY of 2022
Ricardo dos Santos Buteri.  Hold’s a barchelor’s degree in Business Administration with emphasis in Human Resources from Nelson Abel de Almeida Institute, a post-graduation degree in International Commerce from Federal University of Espírito Santos and MBA in Business Management with emphasis in Logistics from Getúlio Vargas Foundation – FGV/Strong in Santos. He has vast experience in the logistics and port sectors, having served on the executive boards of Cotia Trading, Terminal Marítimo Ultrafertil and Grupo Bravante and, for the last four years, as Chief Operations Officer (COO) of, where he oversaw Door-to-Door Imports, Procurement, Logistics, B2B/B2C Distribution and Customer Relations.