Management

Board of Directors

The Board of Directors of Santos Brasil, elected at the Annual Shareholders’ Meetings, must be composed by at least six and at most ten members, with a term of office of two years and being allowed the reelection. Representing the Company’s shareholders, one of the roles of the Board of Directors is to determine the long-term strategy of Santos Brasil.

Did you know that at least 40% of the directors of Santos Brasil must be independent? Access our Learn More page and understand what that means! Also access our Bylaws.

Name Office Election¹ Term¹
Verônica Valente Dantas Chairwoman (independent) 04/28/2022 2 years

Holds a degree in Business Administration from the Bahia School of Business Administration and joined Opportunity Asset Management Ltda. in 1994, where she is still a managing partner. She has been a member of the Board of Directors of Brasil Telecom S.A., Telemig Celular Participações S.A., and Tele Norte Celular Participações S.A., among others, and an alternate member of the Board of Directors of Brasil Telecom Participações S.A.

Maria Amalia Delfim de Melo Coutrim Vice-President (independent) 04/28/2022 2 years

Holds a degree in Economics from the Federal Rural University of Rio de Janeiro. She joined the Opportunity Group in 1994 and is currently a director of Opportunity Equity Partners Administradora de Recursos Ltda. She has been a member of the Board of Directors of Tele Norte Celular Participações S.A., Telemig Celular Participações S.A., Opportrans Concessão Metroviária S.A., and Brasil Telecom S.A. and was also a director of Opportunity Asset Management Ltda.

Valdecyr Maciel Gomes Independent member 04/28/2022 2 years

Holds a bachelor’s degree in law from Fluminense Federal University of Rio de Janeiro and has completed a specialization program in International Financial Law from Oxford University. He was Head for Latin America and Managing Partner of the Private Equity area at Brookfield Asset Management. Prior to that, he was an executive officer at Brascan Holdings PLC.

Eduardo de Britto Pereira Azevedo Independent member 04/28/2022 2 years

Chief Executive Officer of Agropecuária Santa Bárbara, where he has been working since 2014. Eduardo joined the Opportunity Group in 2011, in the Private Equity department. Prior, he worked at Banco BBM for eight years. Eduardo has an MBA from MIT Sloan School of Management in Cambridge, USA (2011) and a degree in Economics from PUC-RJ (2003).

Luiz Sergio Fisher de Castro Independent member 04/28/2022 2 years

Bachelor’s degree in Engineering from the Federal University of Rio de Janeiro (UFRJ) and certified by IBGC – Brazilian Corporate Governance Institute – in a Board of Directors course. He worked as General Manager at Baker Hughes, a North American company in the energy sector, and was Director at Lachmann, a port agency and bonded warehousing company. From 1994 to 2020, he worked at Wilson Sons, reaching the position of Vice President of Port Terminals and Logistics. Currently, he works as consultant in his own company, LFSC.

José Luis Bringel Vidal Independent member 04/28/2022 2 years

Holds a bachelor’s degree in electrical engineering from Mauá School of Engineering, an MBA in Marketing Management from ESPM and a master’s degree in Transportation and Logistics from the University of São Paulo. He participated in the Board Director Program of the Brazilian Institute of Corporate Governance (IBRI). He is currently a consultant for the Brazilian Association of Mineral Research Companies (ABPM), a member of the Board of Directors of Brasil Exploração Mineral S.A. (BEMISA), a Senior Advisor at Rio Tinto and the CEO of WV Logistics.

Felipe Villela Dias Independent member 04/28/2022 2 years

Holds a bachelor’s degree in production engineering from the Federal University of Rio de Janeiro (UFRJ) and has completed a specialization program in Logistics from COPPEAD. He is currently a partner at Visagio, where he works as finance specialist in consulting projects for diverse sectors. He was a partner at Squadra Investimentos and the Chief Financial and Investor Relations Officer at Brasil Brokers Participações S.A.

Marco Antonio Souza Cauduro Independent member 04/28/2022 2 years

Holds a bachelor’s degree in Economics from the University of São Paulo (USP), an MBA from the MIT Sloan School of Management, a doctorate in Finance from the Getulio Vargas Foundation and was a Visiting Scholar at Stanford University. Currently, is the CEO of CCR and Chairman of the Board of Directors of Log-in, where he served as CEO from May 2016 to June 2020, when he joined the Board of Directors. In addition, he was a managing partner and Portfolio Manager at Arbela Investimentos, founding-partner, and manager at Cox Capital Management, one of the founding-partners of Tarpon Investimentos and worked at Morgan Stanley and Deutsche Bank.

¹ The Board of Directors is elected at the Annual Shareholder’s Meeting.

Fiscal Council

The Fiscal Council of Santos Brasil, elected at the Annual Shareholders’ Meetings, must be composed by at least three members and at most five members, with a term of office of one year and being allowed the reelection. Among the responsibilities of the Fiscal Council, there is the monitoring of management activities and compliance with their legal and statutory duties.

Want to learn more? Access our Bylaws.

Name Office Election¹ Term¹
Gilberto Braga Chairman 04/28/2022 1 year

Holds a bachelor’s degree in Economics from the Candido Mendes Ipanema College in 1983 and in Accounting Sciences from Universidade Gama Filho (UGF) in 2001. Post-graduate degree in Financial Administration from IAG-PUC/Rio in 1992. Resident professor of IBMEC-RJ for post-graduate courses in Tax Planning, Corporate Governance, Ethics and Private Equity. He was a financial executive of the Opportunity Group and currently he provides advisory services in the areas of corporate, tax and forensic accounting at 2B Treinamento, Consultoria e Participações Ltda.

Leonardo Guimarães Pinto Sitting Member 04/28/2022 1 year

Holds a bachelor’s degree in Accounting Sciences from the State University of Rio de Janeiro in 2001 and MBA in Corporate Finance from IBMEC-RJ in 2005. Since 2001, he has worked for Opportunity and is a managing partner at Opportunity Equity Gestora de Recursos Ltda.

Luís Fernando Moran de Oliveira Sitting Member 04/28/2022 1 year

Bachelor’s degree in Business Administration from EAESP-FGV, he participated in the executive program of Kellogg School of Management (Northwestern University) with emphasis on Corporate Financial Strategies for Creating Shareholder Value. He is currently a consultant at MBS Value Partners, acting as a specialist in investor relations strategies. He has more than 20 years of experience as an investor relations officer, asset manager and investment analyst, having built his career in companies such as WEG, Itaú Corretora, BNP Paribas, Bradesco Templeton, Santander and Unibanco. He had been a director of IBRI (Brazilian Investor Relations Institute) for two years.

¹ The Fiscal Council is elected at the Annual Shareholders’ Meeting.

Statutory Board

The Statutory Board of Santos Brasil, elected by the Board of Directors, must be composed by at least two and at most five members, with a term of office of two years and being allowed the reelection of the members. The Statutory Officers are responsible for executing the Board of Directors guidelines and for managing the day-to-day business.

Want to learn more? Access our Bylaws.

Name Office Election¹ Term¹
Antonio Carlos Duarte Sepúlveda Chief Executive Officer and Operations Officer 05/17/2022 2 years

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 05/17/2022 2 years

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 position of Economic-Financial and Investor Relations Officer, which he was reelected in 2018.

Ricardo dos Santos Buteri Chief Commercial Officer 05/17/2022 2 years

Hold’s a bachelor’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 Wine.com.br, where he oversaw Door-to-Door Imports, Procurement, Logistics, B2B/B2C Distribution and Customer Relations.