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Management

Board of Directors

The Board of Directors is a joint autonomous body, composed for up to five members, whose actions are regulated by Internal Regulations, its principal responsibilities being to guide the businesses of the Company, monitor its operation and management, make decisions on strategic questions, provide guidelines to the Executive Board on important matters, deliberate on the distribution of dividends, as well as creating Committees for specific purposes.

Board members carry a mandate of two years, with the possibility of being re-elected at the Annual General Meeting. The Board of Directors holds at least six regular meetings per year and on an extraordinary basis whenever the need arises or when convened by one or more of its members.

Name Election Date End of Term
Marcelo Gasparino da Silva Chairman of the Board 2017 Until ASM 2024

Lawyer graduated from the Federal University of Santa Catarina with Specialization course in Corporate Tax Administration from ESAG (Santa Catarina State University), Executive training in Mergers and Acquisitions at the London Business School and at the CEO FGV (IBE / FGV / IDE). Professor at ENÁ Foundation – School of Government for certification of administrators of state-owned companies and mixed-capital companies.

For the past 11 years, has served as an independent board member in publicly-held companies, with more than 30 terms, with 6 years as Chairman of the Board of Directors. He has been Chairman of the Board of Directors of ETERNIT since 2017, Member of the Board of Directors of VALE since 2020, of CEMIG since 2016 and Member of the Board Council of PETROBRAS since 2021.

He is the coordinator of the Sustainability Committee and member of the Operational Excellence and Risks Committee at VALE,  member of the Finance and Strategy Committee at CEMIG, coordinator of the Photovoltaic Generation Committee at ETERNIT, and member of the Investment and Audit committees in the subsidiaries of the PETROBRAS Conglomerate and of the Minority Representatives Committee of PETROBRAS.

With experience in the sectors of mining and steel, oil & gas, petrochemical, logistics, generation, transmission and distribution of energy, distribution of natural gas, transformation of steel, basic industry, civil construction, roofing for civil construction including photovoltaic generation, storage and basic sanitation acquired skills, abilities and knowledge, skills that allow to contribute in the most diverse subjects and strategies that are dealt with in the boards on which it participates, such as turnaroud, ESG, capital structure, merger & acquisitions, sale of non-core assets, financial restructuring of companies in crisis, including judicial reorganization, executive succession, highly complex legal issues and leadership in coping with global impact crises such as COVID-19.

He is a Board Member certified by the Brazilian Institute of Corporate Governance – IBGC since 2010. He started his executive career as Legal and Institutional Director of CELESC (2007-2009); He was Chairman of the Board of Directors of USIMINAS during the height of the 2015-16 economic crisis in the midst of the greatest Brazilian corporate conflict, with its shares reaching R$ 0.85 in January 2016 and exceeding R$ 4.00 in April the same year, after important action by the Council. In April 2017, he was elected President of the Board of Directors of ETERNIT to lead the Company turn around with the election of a new executive board, but in the same year the Company suffered a major setback in a legal issue that banned the use of Chrysotile Asbestos in Brazil, and which ended up dredging it for a Judicial Reorganization Process in 2018. Leading the board at the complex moment acted for ETERNIT to search for a new business in the photovoltaic area, being launched the photovoltaic roof tiles ETERNIT Solar and Tégula Solar, including in its product portfolio with technology and innovation.

He was member of the boards of directors of BRADESPAR (2015-16), BATTISTELLA (2016-17), CASAN (2019), CELESC (2011-14 and 2018-19), ELETROBRAS (2012-14 and 2016), ELETROPAULO (2016- 18), GASMIG (2020-21), KEPLER WEBER (2017-20) TECNISA (2012-14) and USIMINAS (2012-16).
He was a fiscal advisor to AES TIETÊ (2013-14), BRADESPAR (2014-15), BRASKEM (2018-19) and PETROBRAS (2018-21).

Since its launch in 2004, he has been the oldest External Consultant for the Innovare Award, which acknowledges judiciary innovations in the whole country, with projects issued by Lawyers, Judges, Prosecuters and federal workers. He practiced law for 15 years, from 1995 to 2010.

Louise Barsi Board Member 2017 Until ASM 2024

Economist and accountant. She served as Fiscal Council member at Unipar Carbocloro, a chlorine, soda and derivatives company, from April 2016 to October 2017, and also worked as research intern at Elite CCVM, a securities brokerage firm, and as intern at the Brazilian Economists Association. She is currently an investment analyst at Elite CCVM and has been serving on the board of directors of Eternit since December 2017.

Arlindo Porto Neto Board Member 2021 Until ASM 2024

Arlindo Porto Neto, who holds bachelor’s degrees in Accounting Sciences and Business Administration, was an accountant and expanded his entrepreneurial endeavors as the owner of a Fiat dealership and as a coffee and beef producer. He was a member of the PROPATOS, of the Board of Curators of FEPAM of the Rural Workers Trade Union, of the Commercial and Industrial Association, of the Agribusiness Mixed Cooperative and of the Accountants Trade union, and was the founder of the Lion’s Club Center.
He was mayor of Patos de Minas, Minas Gerais from 1983 to 1988, when he implemented Participatory Government with popular mobilization through crowd-based efforts, prioritized public works to support lower-income populations, and created various social and human rights programs, including PROMAM and municipal daycare centers. He was considered an exceptional mayor for his administrative planning and support for economic development, creating two industrial districts, incentivizing manufacturers to locate in the municipality, fostering the food distribution center (Ceasa) and of farmers’ markets, and implementing municipal planning at the regional, state and national level. He implemented large and important public works, which included: expanding by 400 km the sewage network; paving 1,100,000 square meters of public roads; recuperating and constructing over 5,000 km of rural roads; building, renovating and expanding 84 schools, with the highlights the creation and construction of the Agricultural School, the urbanization of the Lagoa Grande and Mocambo districts, the construction of various avenues, such as JK, Aristides Memória, Piauí, Arlindo Porto, Continental, Afonso Queiroz and Tomaz de Aquino, the food distribution center (Ceasa) and the start of the avenues Fátima Porto and Padre Almir, and the rural zone. He also created, at no charge to the public, modern water treatment and sewage systems in the districts of Areado, Major Porto, Pindaibas, Bonsucesso, Santana and Pilar.
He was president of the Minas Gerais Municipal Association (AMM) and of the Minas Gerais State Federation of Micro-Regional Associations, and founded and presided over AMAPAR.
In Europe and the United States, he participated in programs and scheduled visits in the areas of public administration and companies.
At the end of his term as mayor, he held an approval rating of 97% (Instituto Vox Populi).
In March 1991, he became Lieutenant Governor of Minas Gerais, in the administration of Hélio Garcia (1991-94).

He served as Political Coordinator and State Secretary of Labor and Social Action; Coordinator of PROMAM and of CAIC; President of the State Reform Commission; General Coordinator of the State Commission to Support Indigenous Populations; General Coordinator of the Minas Gerais Program for Vocational Training; and President of the State Commission to Combat Droughts.
He participated on special international missions representing the Minas Gerais State Government, including: negotiations in Washington D.C. of multilateral financing from the IBRD, World Bank and IDB; negotiation of the Jaíba Fruticulture Project with the OECF in Tokyo; Head of the Minas Gerais state delegation in Hannover, Germany and in Viena, with the signing of the agreement between Austria and SEBRAE for creating the Managerial Development Technical School (ETFG).
In February 1995, he was sworn in as a Federal Senator, serving as Vice-Chair of the body’s Infrastructure Commission; Sitting Member of the Mixed Commission on Budget and Economic Affairs; Education Commission; Constitution, Judicial and Citizenship Commission; Internal Relations and National Defense Commission; Tourism Commission; Special Commission on Unfinished Works of the Executive; and Mercosul Parliamentary Commission on Mercosul.
In the Senate, he was the author of 30 Proposals, consisting of 2 Constitutional Amendment Proposals, 20 Senate Draft Bills, 3 Resolution Bills and 5 Petitions, with the highlight the proposal to create Federal Regional Courts in the states of Minas Gerais, Bahia, Paraná and Pará; the Inter-Trade Union Conciliation Commissions, the Draft Bill to establish regulations for rural labor and for the professionals of Decorator and Event Planner.
In a survey compiled by the newspaper Folha de São Paulo called “Eye on Congress,” he was evaluated in the years 1988, 1999, 2000, 2001 and 2002 as VERY ACTIVE. He published two books “A Força de Minas no Senado” (The Power of Minas Gerais in the Senate) in which he chronicled his activities in the Senate.
He was the report manager for 79 Draft Bills and addressed the Senate in Plenary through 75 Speeches and 89 Procedural Debates.
On April 30, 1996, he was appointed, by President Fernando Henrique Cardoso, Minister of Agriculture and Supply, in which he served until April 8, 1998, with his priority improving income for producers and creating alternatives for integrating small and medium rural producers into the market economy by democratizing rural credit and agricultural support services.
He headed up the implementation Rural Credit Securitization Program; created and implemented the National Program to Strengthen Family Farming (Pronaf); created the National Agriculture Forum; incorporated agriculture into the agenda of Brazil’s international negotiations; created the Agricultura Real campaign under his management, through CONAB; Member of the Board of the Community Solidarity Program; prioritized the eradication of foot-and-mouth disease, which marked a new era in Brazil’s advances in negotiations with the World Organization for Animal Health, in October 1996, that led to the recognition of free areas based on Brazil’s regions and/or states.
In February 1997, on an official mission to Italy to promote Brazilian agribusiness, he was received by Pope John Paul II for Brazil’s program for food security and shared leadership in the efforts to combat hunger through PRONAF.

In May 2004, he was invited by Governor Aécio Neves to serve as Vice-president of Minas Gerais State Economic Development Company (Codemig), an office he held until January 2009.
In January 2009, he was invited by Governor Antônio Anastasia to serve as Vice-president of CEMIG – Cia. Energética de Minas Gerais, an office he held until January 2015.
Since April 25, 2011, he has served as CEO of LRP – Empreendimentos e Participações Ltda and, since February 3, 2014, as CFO of PME Empreendimentos Imobiliários Ltda.

 

Marcelo Munhoz Auricchio Board Member 2011 Until ASM 2024

Brazilian, with a technical degree in entrepreneurship management, resident and domiciled in the City of São Caetano do Sul, State of São Paulo. He has over 35 years of experience in the industrial area. Entrepreneur in automation, partner and Safety /Robotics executive officer at Módena Contric Group (business segment: industrial automation and robotics). Currently, he serves on the Company’s Board of Directors, since 2011.

Paulo Andrade Board Member 2020 Until ASM 2024

Brazilian, chemical engineer, resident and domiciled in the City of Jundiaí, State of São Paulo, has over 30 years of experience at 12 Brazilian and international companies serving as CEO, COO, Business Unit Director and Executive Manager (Nestlé, Unilever, Parmalat, Cremer, Amanco Mexichem, Avery Dennison, Associated British Foods, Griffith Labs, Atmosfera Grupo Elis, Enova Foods, Rio Branco Alimentos and Polinutri). He has vast experience in public corporations, limited liability companies and subsidiaries of investment and family funds, where he managed the preparation of income statements, balance sheets, cash flows, investment budgets, long-term strategic plans and M&A operations. Currently, he is CEO of Polinutri Nutrição Animal since March 2019 and a member of the Board of Directors of Eternit since 2020.

Board of Auditors

The Company will have a Board of Auditors, which will exercise the responsibilities and powers conferred on it by Law No. 6404/76 and will function on a non-permanent basis, only when installed by the Annual General Meeting, following the request by shareholders representing the quorum required by law, or the regulations issued by the CVM.

The Company’s Board of Auditors, when installed, will consist of at least 3 (three) and a maximum of 5 (five) statutory members and their respective alternates, resident in Brazil, being either shareholders or not. The mandate of the members of the Board of Auditors shall be one year with the possibility of re-election at the Annual General Meeting.

Name Election Date End of Term
Rogério Pires Bretas Statutory member 2022 Until ASM 2023

Rogério Pires Bretas, Brazilian, accountant, obtained a degree in accounting from the Federal University of Minas Gerais (UFMG) in 1996 and is currently studying law at Faculdade Universo de Goiânia.  He has been working in accounting and tax consulting for 27 years.

He was head of the tax consulting practice at the EY office in Goiânia, Goiás, for 7 years and also led the controllership teams in the telecommunications and PVC industry sectors.

As part of his nationwide responsibility, he implemented federal and state tax incentives in the companies where he worked and also oversaw tax compliance. He has vast experience in the preparation of closing financial statements and in interacting with audit firms and inspection authorities.

He has amassed vast knowledge in the construction, mining, agribusiness, general industry, wholesale/retail segments and in service providers.  Bretas is currently a partner at Valloriza Consultoria e Gestão de Negócios Ltda.

 

Paulo Henrique Zukanovich Funchal Statutory member 2013 Until ASM 2023

Paulo Henrique Zukanovich Funchal, Brazilian, graduated in naval engineering from Escola Politécnica of the University of São Paulo – USP, in Economics from Faculdade de Economia e Administração of USP and Master of Energy Economics from the Instituto de Eletrotécnica e Energia of USP.

Mr. Funchal served as project finance manager at Banco Itaú, director of business development at Elucid Group, managing director at ARMATEK and Audit Board member at Eternit. He is currently senior partner in the Mergers & Acquisitions practice at Grant Thornton.

Apart from the Company, none of the companies above pertains to the Eternit Group.

Wilfredo João Vicente Gomes Statutory member 2021 Until ASM 2023

Wilfredo João Vicente Gomes, studied management at the Federal University of Santa Catarina, holds a bachelor’s degree in Controllership from FECAM, has completed a specialization program on Corporate Governance and Board Member Training at the Dom Cabral Foundation. Since 2003, he has been CEO of Multicorp Participações, which consists of the companies OneWG Multicomunciação, Multione Fitness and Multilíders. For three years he has been CEO of LIDE SC and Multicompany. He was a director of CELESC and is currently a director of AES Eletropaulo. He is currently a member of the Audit Board of Eternit. Apart from the Company, none of the companies above pertains to the Eternit Group.

Rochana Grossi Freire Alternate 2021 Until ASM 2023

Masters in marketing and strategic planning. International certification in risk management (ISO 31000 and COSO), risk assessment tools (ISO 31010), Management Systems Audit (ISO 19011), corporate governance in public companies (Law 13.303), Compliance (ISO 19600 and Lead Auditor in Anti-Bribery Management Systems – ISO 37001), Audit and Internal Controls (IACM Model).

Solid experience in strategic leadership of risk management, governance and compliance, communication, marketing and sales, industrial, agribusiness, health and service and retail,withimplementation of processes to manage financial, operational and reputational risks, with implementation of frameworks in governance, internal controls, general data protection law and compliance programs.

Strong people management skills committed to the highest ethical standards. Deep knowledge of global and domestic markets focused on corporate and customer strategies. Strong analytical and problem solving skills applied to profit and market share. Excellent written and verbal communication in English, Portuguese and Spanish.

Felipe Camara Ruiz Alternate 2021 Until ASM 2023

Founding partner of AGF and Boa Vista Investimentos. He held senior management positions at Restaurant Brands International (3G Capital), Booz & Company, General Motors and Mercedes-Benz, among others. He is currently an alternate member of the Company’s Fiscal Council. None of the companies mentioned are part of the Eternit Group.

Eurico do Reis Rodrigues Fróes Alternate 2022 Until ASM 2023

Brazilian, accountant and lawyer, has been working in the accounting and controllership areas for over 30 years, with solid experience in corporations in the construction, real estate development, steel and telecommunication sectors, among others.

He was a professor of accounting at Faculdades Integradas de Pedro Leopoldo in Minas Gerais.  He is the managing partner of PROSSIG Gestão Integrada em Serviços Contábeis Ltda., headquartered in Belo Horizonte, Minas Gerais, which provides accounting and financial management services to companies in diverse segments, and the Chief Administrative and Financial Officer of Bio Prolab Laboratório de Controle de Qualidade Ltda., also headquartered in Belo Horizonte, which operates in the fields of microbiological analysis of air, food, water, pharmaceuticals and cosmetics.

 

Executive Board

The Executive Board is elected by the Board of Directors with a mandate of two years with the possibility of reelection. It is made up of 2 (two) to 4 (four) members, one of whom, the CEO. The executive board is responsible for the carrying out of the decisions of the Board of Directors and for the direct management of the company’s businesses.

Name Election Date End of Term
Luis Augusto Barcelos Barbosa CEO 2017 Until ASM 2024

Brazilian, with undergraduate in Engineering from the Polytechnic School at the University of São Paulo (USP) and an MBA from the Getúlio Vargas Foundation of São Paulo (FGV-SP) and completed non-degree graduate programs at Babson College – Massachusetts and IMD – Lausanne. He began his career in 1984 in the sales, marketing, production and strategic planning areas, leading operations in Brazil and South America at companies such as Rhodia, Alcoa, Sasazaki and Assa Abloy. Over the past ten years, he has served in Managing Director or CEO positions. Today, he is CEO of Eternit.

Rodrigo Angelo Inácio Commercial and Marketing 2017 Until ASM 2024

Brazilian, with a B.Sc. in Mechanical Engineering from the State University of Santa Catarina (UDESC); a B.A. in Marketing from the Higher School of Advertising & Marketing (ESPM); an MBA in Finance and Board Member certification from the Brazilian Corporate Governance Institute (IBGC). With experience in corporate transformation and structuring processes, he has amassed a long career in the construction industry in operations located in Brazil and other countries of South America. He has served over ten years in director positions, including as CEO, in multinational and national corporations, such as Mexichem (Amanco), Sasazaki, Aliax (Nicoll) and Krona, in the operating, sales and marketing areas. He has vast knowledge in all Business Management processes. He currently is Chief Sales & Marketing Officer at Eternit S.A.

Vitor Mallmann Administrative, Financial and Human Resources 2018 Until ASM 2024

Brazilian, with undergraduate and master’s degrees in Chemical Engineering from the Federal University of Rio de Janeiro (UFRJ), a non-degree program in Economic Engineering and Industrial Business Administration from UFRJ, an Executive MBA from the COPPEAD Graduate School of Business at UFRJ and an MBA in Finance from IBMEC, and completed the Board of Directors Program at the Brazilian Corporate Governance Institute (IBGC). He gained solid experience in management from serving as CEO at Quattor and Vice-CEO at UNIPAR and from sitting on the Board of Directors at various companies in the petrochemical industry. Previously he also worked at Petrobras Química – Petroquisa and Grupo Ultra. Today, he is the Financial, Human Resources & Investor Relations Officer of Eternit.

José Ricardo Reichert Industrial Director 2021 Until ASM 2024

He holds a B.Sc. in Mechanical Engineering from Universidade do Vale do Rio dos Sinos and a graduate degree in Organizational Planning & Management from the University of Pernambuco. The executive has solid experience in the construction industry acquired as Chief Industrial Officer of Saint Gobain Group.

Board Committes

The Committees are created with an objetictive to in order to assist the Board of Directors on topics relevant to the development of the Company in order to add value to assist in conducting business. Currently, Eternit has the following committees.

Finance, Audit and Risk Committee

Name Position
Louise Barsi Coordinator
Arlindo Porto Neto Board Member

Human Resources Strategic Committee

Name Position
Paulo Andrade Coordinator
Arlindo Porto Neto Board Member

Photovoltaic Committee

Name Position
Marcelo Gasparino Coordinator
Louise Barsi Board Member

Operations Committee

Name Position
Marcelo Auricchio Coordinator
Paulo Andrade Board Member