Management & Board of Directors

Board of Directors

Marfrig’s board of directors is a collective decision-making body responsible for the formulation and monitoring for implementation of overall business policies, including its long-term strategy. It is also responsible, among other attributions, for the appointment and supervision of the Company’s officers and for the engagement of independent auditors.

According to Marfrig’s by-laws, the Board of Directors of the Company must have at least five and a maximum of eleven members, all of them elected by a General Shareholders’ Meeting, with joint term of two fiscal years, and possible to be reelected.

Under the Novo Mercado Regulation, at least 20% of the members of the Company’s Board of Directors shall be Independent. Marfrig’s board members must also subscribe to, prior to taking office, the administrators’ instrument of Consent, as established in the Novo Mercado regulations

Name Post Beginning of Mandate End of mandate
Marcos Antonio M. dos Santos Chairman Apr. 26, 2019 GSM of 2021

Mr. Marcos Antonio Molina dos Santos is the chairman of the board of the Corporation. He has over 20 years of experience in the food industry, where he began at age 16 by opening his first enterprise, a food distributor. Since Marfrig’s incorporation, he has worked actively with key clients to strengthen commercial relations in the national and international markets and to support the development and improvement of industrial and quality processes, seeking to surpass the expectations of the global industry. Mr. Molina dos Santos also is a partner and the chief executive officer of MMS Participações Ltda., which is the controlling shareholder of the Corporation.

Marcia A. P. Marçal dos Santos Board Member Apr. 26, 2019 GSM of 2021

Ms. Marcia Aparecida Pascoal Marçal dos Santos has been a director of the Corporation since March 2007. She has amassed long experience at Marfrig, having served as head of the financial department from 2000 to 2006 and as head of the internal audit team from 2000 to 2006. She also actively participates in the Marfrig Social Responsibility Institute Fazer e Ser Feliz, as its president. Ms. Marçal dos Santos also is a partner and executive vice-president at MMS Participações Ltda., which is the parent company of the Corporation.

Rodrigo Marçal Filho Board Member Apr. 26, 2019 GSM of 2021

Mr. Marçal Filho is a member of Marfrig’s Board of Directors since March, 2007 and an Executive Officer appointed on 01/07/2014, invested in such position on 01/23/2014. His professional life has been connected to the agribusiness area, having worked as farm manager until his admission in the Company. He started in the Company in May, 2000, later he was the officer in charge for infrastructure until he became the responsible officer for the purchase of cattle and member of the Board of Directors.

Alain Emilie Henry Martinet Board Member Apr. 26, 2019 GSM of 2021

Mr. Alain Emile Henri Martinet has been an independent director of the Corporation since December 2009. A French national, he has worked in the animal protein industry for over 30 years, having managed the international team of the meats department at Louis Dreyfus Corporation USA (1978 to 1984). He was general manager (1985 to 1991) and commercial director (1991 to 1992) at the meatpacker Frigorífico Rio – Platense. He served as executive officer at SWIFT Argentina for five years, starting in 2001. Mr. Martinet joined the Corporation in October 2006 and has served as the executive officer responsible for the Argentina operations, for the trading houses and for the U.S. operations of the Marfrig Group.

Antonio Maciel Neto Independent Board Member Apr. 26, 2019 GSM of 2021

Mr. Maciel Neto has been an independent director of the Corporation since May 2007 and is currently an entrepreneur in the cattle raising, biotechnology and executive education sectors. He has served as CEO of the CAOA Group (2013 to 2017), Suzano Papel e Celulose (2006 to 2012), Ford in Brazil and South America and as Corporate Vice-President of Ford (1999 to May 2006). He also served as CEO of the Itamarati Group (1997 to 1999) and CECRISA – Revestimentos Cerâmicos (1993 to 1997). From 1990 to 1993, he held various positions in the Federal Government in Brasília, serving in the Ministry of Economy as Deputy Director of the Industry and Commerce Department and as Deputy National Economic Secretary. When the Ministry of Industry, Commerce and Tourism was created, he served for eight months as Executive Secretary (Vice-Minister). During those three years, he served as technical coordinator of the Brazilian Quality and Productivity Program (PBQP). He began his career at Petrobrás in 1980, where he worked for 10 years. He served on the Board of several companies, including Archer Daniels Midland Company (ADM) and Suzano Papel e Celulose. He currently serves on the Board of Execution, an advertising agency. Mr. Maciel Neto received a bachelor’s degree in Mechanical Engineering from the Federal University of Rio de Janeiro (UFRJ) in 1979.

Roberto Silva Waack Independent Board Member Apr. 26, 2019 GSM of 2021

Mr. Roberto Silva Waack is a Biologist (IB-USP) and Master in Business Administration (FEA-USP). He is President of Fundação Renovan, an organization created to manage repairs following the collapse of the Fundão Dam in Mariana, Minas Gerais. His is founder, shareholder and former CEO and subsequently Chairman of the Board of Amata S.A. (www.amatabrasil.com.br), a forestry company engaged in the stewardship and cultivation of native and exotic species. He has long experience as an executive of Brazilian and multinational companies in the pharmaceutical and forestry industries, as general director and in the technology, marketing and planning areas. As an entrepreneur, he is engaged directly in the private placement and creation of management and governance structures. He participates actively on the board of directors of organizations such as Wisewood (recycled plastics), CHS Agroindustrial (grain trading), Global Reporting Initiative (GRI), Forest Stewardship Council (FSC), Brazilian Corporate Governance Institute (IBGC), Instituto Ethos, Fundo Brasileiro de Biodiversidade (Funbio), ISE-Bovespa and WWF. He has been engaged directly in environmental and social movements since the 1980s, always acting at the interface between the private sector and NGOs. He holds a B.Sc. in Biology from IB-USP and an MBA from FEA-USP. Previously he served at the following organizations: Amata S.A. (Chairman of the Board, 2013-2015); CHS Agronegócio Ltda. (Advisory Board, 2014-2016); Brazilian Corporate Governance Institute – IBGC (Director, 2014-2016); Global Reporting Initiative – GRI (Director, 2010-2016); Instituto Ethos (Director, 2013-2016); WWF Brasil (Director and Chairman of the Board, 2014-2016); Instituto Ipê (Director, 2012-2016); BOVESPA Corporate Sustainability Index – ISE (Advisory Board, 2014-2106); Enterprises for Climate Initiative – EPC/FGV (Advisory Board, 2011-2016); Rede Amigos da Amazônia – RAM (Advisory Board, 2008-2014); Fundo Brasileiro para a Biodiversidade – FUNBIO (Director, 2009-14); Forest Stewardship Council – FSC (Director, 2006-12; Chairman of the Board, 2008-10); Steering Committee of the Amazon Alternative – IDH The Sustainable Trade Initiative – Holland (2011-14); Instituto para a Agricultura Sustentável – ARES (Chairman of the Board, 2007-11); Global Campaign for Climate Action – Brazilian Section (Advisory Board, 2009-10); Grupo Orsa Holding (Advisory Board, 2005-06); Centro de Referencia para Informação Ambiental – CRIA (Director, 2005-11); Forest Stewardship Council Brazilian Initiative (Director, 2005-07); Ybios, a joint venture of Orsa, Natura and Centroflora for R&D in products from biodiversity (Founder and Director, 2004-06); Plantations Review Group at Forest Stewardship Council (2004-05); Foundation Institute of the Business and Economics School of the University of São Paulo (FIA/USP) ; PENSA Agribusiness Program at FEA-USP (Advisory Board, 2001-06). His appointment as member is subject to formal confirmation by the shareholder BNDES Participações S.A. under the Shareholders’ Agreement.

Herculano Anibal Independent Board Member Apr. 26, 2019 GSM of 2021

Mr. Herculano Aníbal Alves, 66, holds a B.Sc. in Economics from Pontifical Catholic University of Sao Paulo (PUC-SP) (1980), completed a non-degree program in Financial Administration at the Getúlio Vargas Foundation (FGV) (1983), received a master’s degree in Finance and Investment from FGV (1989), and completed an extension program at Kellog University. He also completed an executive education program in Risk, Compliance and Governance at the Risk University of KPMG. He is certified as a Portfolio Manager by the Securities and Exchange Commission of Brazil (CVM) and a Certified Professional by the Brazilian Financial and Capital Markets Association (Anbima-CGA) Previously he worked in the financial industry as investment director, stock manager and credit analyst at BRAM – Bradesco Asset Management, ABN AMRO, Unibanco and Banco Bozzano Simonsen, and in the administrative and financial areas of Empresa de Onibus Vila Carrão. At the former three companies, he was a member of the Credit and Investment committees and on the BRAM monthly committee at Banco Bradesco. Director at Tim Brasil (2015 to present) and at Marfrig Brasil Foods (2015 to Nov/16). Member of the Audit Board at Cielo (2015 to present), Grendene (2015 to present), Grupo Fleury and Ecorodovias (2018 to present), Gerdau (2017-18), Fundo de Private Equity de Tecnologia da GP (2001-05), Fundo de Valor e Liquidez da Bradesco Templeton (1998-01) and alternate member at Fundo de Private Equity da 2Bcapital (2013 to Jan/19). Partner at Araxá Investimentos (2015-16) and Barigui Gestão de Recursos (Nov/16 to present). Member of the Bylaws Audit Committee at Tim Brasil, Chairman of the Risk and Financial Specialist Committee. Participation in various associations, including member of the Mergers & Acquisition Committee (2015-18), Analyst Supervisory Board (2016 to present) and Association of Capital Markets Investors – AMEC (2011-16), Chairman of the Stock Funds Committee of Brazilian Financial and Capital Markets Association – Anbima (2012-16) and Board Member and Technical Director at Abamec, currently the Capital Market Professionals and Investors Association – Apimec (1988-92). He has participated as a lecturer at events hosted by APIMEC, Investidor Profissional and Info Money. He has given interviews to Bloomberg TV and to the newspapers: ValorEstadãoFolha de São Paulo and O Globo, and to the periodicals: Exame and Istoé Dinheiro, and to various websites. His appointment as member is subject to formal confirmation by the shareholder BNDES Participações S.A. under the Shareholders’ Agreement.

Roberto Faldini Independent Board Member Apr. 26, 2019 GSM of 2021

Mr. Roberto Faldini, 69, holds a B.A. in Business Administration from the School of Economics and Business Administration at the Getúlio Vargas Foundation – EAESP-FGV (1972). He completed non-degree programs in Advanced Management at the Dom Cabral Foundation and at INSEAD – Fontainebleau, France (1991), in Entrepreneurship at Babson College – Boston (2004), and in Corporate Governance Board Leadership – TOT (Training of Trainers) at the International Finance Corporation (IFC) and Brazilian Corporate Governance Institute (IBGC). He is the co-founder of the Brazilian Corporate Governance Institute – IBGC (1995), an organization dedicated to promoting and disseminating corporate governance principles in the country, and is an associate member of the Brazilian Institute of Financial Executives (IBEF) and the Family Business Network (FBN) in Brazil. He was executive officer, shareholder and director at Metal Leve S.A., a producer of automotive parts, where he served as chief financial officer and investor relations officer from 1980 to 1992 and as a director from 1993 to 1996. He served as president of the Securities and Exchange Commission of Brazil (CVM) in 1992. He also was director for São Paulo of the Family Business Center (PDA) at the Dom Cabral Foundation (2002-07). Over the course of his career, he has served as independent director on the board of directors or advisory boards of various companies, which include: a) Bovespa – Bolsa de Valores de São Paulo; b) CPFL – Companhia Paulista de Força e Luz S.A.; c) KlickNet S.A.; d) Inpar S.A. ; e) Sadia S.A./BRF S.A; f) Grupo Everest de Hotéis; g) EMIBRA Indústria de Embalagens Gráficas Ltda. He is an arbiter at the Market Arbitration Chamber of the São Paulo Stock Exchange (B3). He currently is a director at the following companies: a) VULCABRAS|AZALEIA S.A. (since 2011); b) Banco BMG S.A. (since 2013); d) Metalúrgica Golin S.A. (Chairman) since April 2016; and  e) Marfrig Global Foods since December 2016.

Board of Executive Officers

Marfrig’s Officers are its legal representatives and are primarily responsible for its day-to-day administration and implementation of policies and guidelines set forth by the Board of Directors.

Marfrig’s executive Officers are elected by its Board of Directors with three-year term, allowed the re-election and may, at any time, be removed by him.

Marfrig’s by-laws provide that its Board of Executive Officers will consist of at least two members, and a maximum of seven members. In accordance with the rules of Novo Mercado, officers must subscribe to, prior to taking office, the Consent Term of the Directors (Termo de Anuência dos Administradores).

Name Post Beginning of Mandate End of mandate
Miguel Gularte Chief Executive Officer Chief Executive Officer 3 years

Miguel Gularte, 61 years old, joined Marfrig in 2018 as the CEO for the beef operations in Brazil and South America. With a degree in veterinary medicine, has a professional background of almost 40 years in the beef sector.  He began his career at the Cooperativa Industrial de Carnes e Derivados (Cicade), he was president of the Uruguayan Meatpacker PUL, international vice president of Minerva and president of JBS Mercosul.

In the last five years, Mr. Gularte has not been subject to (i) any criminal conviction, (ii) any administrative proceeding at the Securities and Exchange Commission of Brazil (CVM) or (iii) any unappealable judicial or administrative ruling that suspended or prohibited him from practicing any professional or commercial activity.

Heraldo Geres Chief Legal Officer March 16, 2020 3 years

Mr. Geres is the Chief Legal Officer of the Corporation. He holds a law degree and is a member of the Brazilian Bar Association since 1994. He holds a graduate degree in Tax Law from Pontifical Catholic University of São Paulo (PUC-SP). He also holds a bachelor’s degree in Business Administration from PUC-SP, a master’s degree in Political and Economic Law at Universidade Presbiteriana Mackenzie and a Certificate in Global Business Administration from the Thunderbird School of Business (USA)

Rodrigo Marçal Filho Executive Officer with no Specific Title March 16, 2020 3 years

Mr. Marçal Filho is a member of Marfrig’s Board of Directors and an Executive Officer with no Specific Title. His professional life has been connected to the agribusiness area, having worked as farm manager until May 2000, when he joined the Company. He was responsible for the purchase of cattle and later became its officer in charge of infrastructure

Tang David Chief Financial and Investor Relations Officer March 16, 2020 3 years

Mr. Tang David, 50 years old, joined Marfrig in 2007 and served as Controller Director, Director of Internal Audit and Executive Officer with no Specific Title. He worked for 11 years (starting in 1991) in the Treasury department of Asea Brown Boveri – ABB Brasil, where his last position was Executive Officer of Banco ABB S.A. (financial arm of ABB Brasil). He worked for 4 years (between 2002 and 2006) in the Treasury department of JBS Friboi and his last position was as controller of the in-Natura Division.

In the last five years, Mr. Tang David has not been subject to (i) any criminal conviction, (ii) any administrative proceeding at the Securities and Exchange Commission of Brazil (CVM) or (iii) any unappealable judicial or administrative ruling that suspended or prohibited him from practicing any professional or commercial activity.

Fiscal Council

According to the Brazilian corporation law, the fiscal council is an independent management body from the Company and external auditors. The fiscal council works, in accordance with the by-laws of the Company and in accordance with the best corporate governance practices, permanently.

The main responsibilities of the fiscal council are to supervise the activities of the management, review the company’s financial statements and report its conclusions to the shareholders. The Brazilian corporation law requires that members of the fiscal council receive compensation of at least 10% of the average amount paid annually to the company’s officers.  It also requires that the fiscal council is composed of at least three and a maximum of five members and its respective alternates.

Currently the Company’s Fiscal Council is composed of three permanent members and three alternate members, with one-year term, and reelection is authorized.

Name Post Beginning of Mandate End of mandate
Eduardo Pocetti Effective member Mar. 30th, 2020 GSM of 2021

Mr. Eduardo Pocetti has been a member of the Audit Board of Marfrig Global Foods S.A. since April 2014. He holds a B.Sc. in Accounting Sciences and an MBA from the Getúlio Vargas Foundation (FGV) and currently is the president of the Brazilian Institute of Independent Auditors (IBRACON). He is a partner at KPMG Auditores Independentes and has 30 years of experience at audit firms. From 2004 to 2011, he was president of BDO RCS Auditores Independentes S/A, where he represented BDO Brasil at all member firms of the international BDO network. He has vast experience in finance, accounting, external audits, economic and financial planning and in managerial and executive leadership at various large Brazilian and multinational companies in the manufacturing and financial sectors. He served as lead partner on various IPO journeys and on special corporate finance projects for acquisitions and divestments. He also serves as director at the public corporation Mahle Metal Leve S.A. and as Audit Board member at Centro de Integração Empresa Escola (CIEE).

Ricardo Florence dos Santos Effective member Mar. 30th, 2020 GSM of 2021

Mr. Florence dos Santos has acted as an independent member of the Board of Directors of Movida Rental Car, S.A. since 2016 and as a member of the Fiscal Council of CPFL Energia since 2017. He accumulates in MOVIDA the Audit and Financial committees. He served as Vice President of Finance (CFO) of Marfrig Global Foods S.A. between 2013 and 2016 and as Executive Director of Investor Relations between 2007 and 2014. Chemical engineer graduated from the Polytechnic School of USP and in Business Administration from Universidade Mackenzie, he has MBA in Strategy and Finance from IBMEC-SP. He previously worked at Grupo Pão de Açúcar for 16 years (1984-2000) in various positions as Director of Strategic Planning, Finance and Executive Director of Investor Relations. He was also responsible for the IR areas of UOL Inc. (Grupo Folha de São Paulo – 2000/2001) and Brasil Telecom (2005-2007). He has participated in several IPO processes, mergers, acquisitions and sales of assets in the companies where he worked. He served on the Boards of Directors of Grupo Pão de Açúcar (1995-1999), UOL – Grupo Folha (2001) and IBRI – Brazilian Institute of Investor Relations (1998-2001 and 2014-2019), where he was also CEO of 2010 to 2013 and the Dentalcorp S.A. Advisory Board (2002 to 2006).

Axel Brod Effective member Mar. 30th, 2020 GSM of 2021

Mr. Brod holds a graduate degree in Business Administration from the Universität des Saarlandes em Saarbrücken in Germany and from the Pontifical Catholic University of Rio de Janeiro (PUC-RJ), as well as a master’s degree in finance from PUC-RJ. He is currently the Managing Partner of ABZ Assessoria e Consultoria Empresarial. He is a member of the Fiscal Council in the following companies: Mahle Metal Leve S.A., Metalúrgica Gerdau S.A., Santos Brasil S.A. and A.W. Faber Castell S.A. From 1999 to 2010, he worked in the MAHLE Group, exercising a wide variety functions, including managing teams at the MAHLE Group’s global operations; as member and Chairman of several Boards of Directors in joint ventures and group companies; and in MAHLE Metal Leve S.A. as the Chief Financial, Administrative and Investor Relations Officer from 1999 to 2010, where he also served as the Vice-CEO from 2004 to 2010. From 1990 to 1998, he worked in the Thyssen Group in the trading and services division, holding several positions, including as the Group’s Chief Administrative and Financial Officer for South America. From 1984 to 1989, he worked in KPMG Auditores Independentes as audit manager of the German Desk at their Rio de Janeiro branch office.

Ely Carlos Perez Deputy member Apr. 26th, 2019 GSM of 2020

Mr. Perez received a B.S. in Accounting from Universidade São Marcos and an MBA from the Getúlio Vargas Foundation (FGV). His career has focused on the Financial, Accounting and Process Management areas, with the last 17 years spent as a business and process consultant for implementing Enterprise Resource Planning (ERP) systems. During this period, he has specialized in mapping processes, adapting processes to the system, implementing ERP and training/accompanying post-implementation processes. He worked for more than 10 years at Datasul S.A.

José Osvaldo Bozzo Deputy member Mar. 30th, 2020 GSM of 2021

Mr. José Osvaldo Bozzo, 54, has a law degree from the University of Ribeirão Preto, has worked for more than 30 years as a tax consultant, with a strong specialization in Agribusiness and participation in projects tax consultancy and audit support for several Ethanol and Sugar Producing companies in Brazil, becoming one of the responsible Consultants in major acquisitions. He started his career in 1989 at PriceWaterhouseCoopers, in Ribeirão Preto, acting as a tax consultant until 1997, becoming in 1998 Manager at former Trevisan Auditores (current BDO), in the area of TAX, acting as Director and later as Partner in 2007. He remained as Partner of KPMG, after the purchase of BDO Brasil until December 2012. He served as Partner and tax consultant at MJC Consultores e Auditores de Ribeirão Preto until December 2018, and currently works at Jbozzo Consultores providing specialized consulting in the Accounting areas, Tax, Corporate, Labor and Social Security for companies of various activities. In addition to being a consultant, he was a professor of tax planning at USP – MBA. He participated in Portugal, in works related to the Tax Services Quality Assurance Review and in Chile at the XIV Annual Meeting of BDO partners from Latin American countries. He also has several articles published in magazines, newspapers and websites addressing tax and legal issues of interest to agribusiness.

Christiano Burmeister Deputy member Apr. 26th, 2019 GSM of 2020

Mr. Christiano Ernesto Burmeister was awarded bachelor’s degrees in Business administration from Universidade Mackenzie in 1975 and in Electronic Engineering from the same institution in 1971. Since 2010, he has worked at GBS Consultoria specializing in corporate governance and coaching. From 1975 to 2003, he worked at BASF S.A. in various positions until becoming Vice-President of BASF South America. He is a member of the Audit Board of Associação Beneficente Mahle since April 2009; and a member of the Superior Council of Agriculture (COSAG) of the São Paulo State Industry Federation (FIESP), at the invitation of Minister Roberto Rodrigues, then President of COSAG, since November 2009. Previously he served as a member of the Executive Board of the National Agrochemical Industry Association (ANDEF) (1987-89, 1993-97 and 2006-10); as a member of the Advisory Board of the National Union of the Agrochemical Industry (SINDAG) (2006‑10); and as a Board Member of the Brazil-Germany Chamber of Commerce-Industry representing TASA (January 2005 to March 2006).

Support Committees

The Company, in addition to meeting the requirements laid out in the regulation of the Novo Mercado of BM&FBOVESPA, follows principles of corporate governance that are based on best practices in relation to transparency, accountability and fairness in the treatment of all shareholders.

Statutory Audit Committee

Its purpose is to advise the Board of Directors on the performance of its responsibilities related to analyzing and disclosing the financial statements, developing internal controls and overseeing and coordinating the work of the internal and external audits of the Company, especially on matters involving accounting, internal financial controls and other legal compliance controls.

Name Post Beginning of Mandate End of mandate
Antonio dos Santos Maciel Neto Committee Coordinator Nov. 29, 2019 GSM of 2021

Mr. Antonio dos Santos Maciel Neto is an independent member of the Company’s Board of Directors since May 2007 and is currently an entrepreneur in the livestock, biotechnology and executive education sectors. He was the CEO of CAOA Group from 2013 to 2017, Suzano Papel e Celulose from 2006 to 2012, Ford Brazil and South America and also Ford’s Corporate Vice President (1999 to May 2006). He also served as president of Itamarati Group (1997 to 1999) and CECRISA – Revestimentos Cerâmicos (1993 to 1997). Between 1990 and 1993, he held various positions in the Federal Government, in Brasília, having served at the Ministry of Economy as Deputy Director of the Department of Industry and Commerce and National Assistant Secretary of Economy. When the Ministry of Industry, Commerce and Tourism was created, he served for eight months as Executive Secretary (Vice-Minister). In these three years, Maciel was the technical coordinator of the Brazilian Quality and Productivity Program – PBQP. He started his professional career at Petrobrás, in 1980, where he worked for 10 years. He has been a Director of several companies, including Archer Daniels Midland Company (ADM) and Suzano Papel e Celulose. Currently, he is also a Director of Execution – Advertising Agency. Mr. Maciel Neto graduated in Mechanical Engineering at the Federal University of Rio de Janeiro – UFRJ in 1979. Mr. Maciel Neto has not been convicted, in the last five years, in any (i) criminal offenses, (ii) CVM administrative process or (iii) unappealable decision, at the judicial or administrative level, which has suspended or disqualified him from practicing any professional or commercial activity.

 

José Mauro Depes Lorga Committee Member (Effective) Nov. 29, 2019 GSM of 2021

Mr. José Mauro Depes Lorga is a member of the Audit Committee of Movida S.A., voluntary officer and member of the Supervisory Board of Junior Achievement (Entrepreneurship NGO) and Guest professor at Fundação Dom Cabral – FDC. He is currently the Chief Operations Officer – COO of Fundação do Câncer and Hospital Fundação do Câncer. He was CEO of Brasil Gourmet Indústria e Comércio de Alimentos from 2014 to 2015, CFO at GiraMais – Holding Grupo Giraffas from 2012 to 2014, CFO at Casa Saba S.A. (Mexico) from 2011 to 2012. He was also COO at Umbria Group (Spoleto, Domino’s Pizza and Koni Store) from 2009 to 2011, CFO at Outback & Starbucks Group from 2007 to 2009 and Product Manager for Latin America at Bank of America (Miami/United States) from 2001 to 2006, in addition to being finance and real estate manager at McDonald’s. Mr. José Mauro graduated in Economics at Instituto Bennett – Rio de Janeiro in 1984, has an Executive MBA in Finance from IBMEC – Rio de Janeiro in 1987 and participated, in 2018, in the Disney Institute Leadership Program – April 2018. Mr. José Mauro has not been convicted, in the last five years, in any (i) criminal offenses, (ii) CVM administrative process or (iii) unappealable decision, at the judicial or administrative level, which has suspended or disqualified him from practicing any professional or commercial activity.

Lúcio Abrahão Monteiro Bastos Committee Member (Effective) Nov. 29, 2019 GSM of 2021

Mr. Lúcio Bastos is a partner and COO of Delta Energia group since May 2019, has worked for over 26 years in auditing and consulting companies. He was a partner at KPMG Brasil until April 2019 with a special focus on tax, labor and social security consultancy where he coordinated the area of Indirect and Customs Taxes. He served as Lead Partner Latam in Consulting at BDO Brasil for several years until the acquisition, in 2008, by KPMG. With a Law degree from FMU and an MBA in Business Management from Trevisan Escola de Negócios, he also serves as an advisor on the Ethics Council of ANFAC – Associação Nacional de Fomento Comercial. As a consultant, he provided services to several national and international companies in different areas, such as due diligence, acquisition review, tax and business consultant, as well as representing clients in administrative and judicial courts. In the training area, he lectured courses on income tax and social contribution, taxation on production and circulation of goods, tax management, labor and social security routines, with articles published in various periodicals and newspapers. Participated in several courses and lectures for professional development at national and international level. He collaborated with several articles and publications in magazines and newspapers in Brazil. Mr. Lucio has not been convicted, in the last five years, in any (i) criminal offenses, (ii) CVM administrative process or (iii) unappealable decision, at the judicial or administrative level, which has suspended or disqualified him from practicing any professional or commercial activity.

Compensation, Corporate Governance and Human Resources Committee

Supports the decisionmaking process related to the strategies, policies and internal rules involving human resources, including determining the compensation and benefits offered to the managers, employees and outsourced service providers. It also supports the execution of processes and the control and development of corporate governance practices.

Name Post Beginning of Mandate End of mandate
Antonio dos Santos Maciel Neto Committee Coordinator Nov. 29, 2019 GSM of 2021

Mr. Antonio dos Santos Maciel Neto is an independent member of the Company’s Board of Directors since May 2007 and is currently an entrepreneur in the livestock, biotechnology and executive education sectors. He was the CEO of CAOA Group from 2013 to 2017, Suzano Papel e Celulose from 2006 to 2012, Ford Brazil and South America and also Ford’s Corporate Vice President (1999 to May 2006). He also served as president of Itamarati Group (1997 to 1999) and CECRISA – Revestimentos Cerâmicos (1993 to 1997). Between 1990 and 1993, he held various positions in the Federal Government, in Brasília, having served at the Ministry of Economy as Deputy Director of the Department of Industry and Commerce and National Assistant Secretary of Economy. When the Ministry of Industry, Commerce and Tourism was created, he served for eight months as Executive Secretary (Vice-Minister). In these three years, Maciel was the technical coordinator of the Brazilian Quality and Productivity Program – PBQP. He started his professional career at Petrobrás, in 1980, where he worked for 10 years. He has been a Director of several companies, including Archer Daniels Midland Company (ADM) and Suzano Papel e Celulose. Currently, he is also a Director of Execution – Advertising Agency. Mr. Maciel Neto graduated in Mechanical Engineering at the Federal University of Rio de Janeiro – UFRJ in 1979. Mr. Maciel Neto has not been convicted, in the last five years, in any (i) criminal offenses, (ii) CVM administrative process or (iii) unappealable decision, at the judicial or administrative level, which has suspended or disqualified him from practicing any professional or commercial activity.

Heraldo Geres Committee Member (Effective) May 18, 2020 GSM of 2021

Mr. Geres is the Chief Legal Officer of the Corporation. He holds a law degree and is a member of the Brazilian Bar Association since 1994. He holds a graduate degree in Tax Law from Pontifical Catholic University of São Paulo (PUC-SP). He also holds a bachelor’s degree in Business Administration from PUC-SP, a master’s degree in Political and Economic Law at Universidade Presbiteriana Mackenzie and a Certificate in Global Business Administration from the Thunderbird School of Business (USA)

Roberto Faldini Committee Member (Effective) May 18, 2020 GSM of 2021

Mr. Roberto Faldini, 69, holds a B.A. in Business Administration from the School of Economics and Business Administration at the Getúlio Vargas Foundation – EAESP-FGV (1972). He completed non-degree programs in Advanced Management at the Dom Cabral Foundation and at INSEAD – Fontainebleau, France (1991), in Entrepreneurship at Babson College – Boston (2004), and in Corporate Governance Board Leadership – TOT (Training of Trainers) at the International Finance Corporation (IFC) and Brazilian Corporate Governance Institute (IBGC). He is the co-founder of the Brazilian Corporate Governance Institute – IBGC (1995), an organization dedicated to promoting and disseminating corporate governance principles in the country, and is an associate member of the Brazilian Institute of Financial Executives (IBEF) and the Family Business Network (FBN) in Brazil. He was executive officer, shareholder and director at Metal Leve S.A., a producer of automotive parts, where he served as chief financial officer and investor relations officer from 1980 to 1992 and as a director from 1993 to 1996. He served as president of the Securities and Exchange Commission of Brazil (CVM) in 1992. He also was director for São Paulo of the Family Business Center (PDA) at the Dom Cabral Foundation (2002-07). Over the course of his career, he has served as independent director on the board of directors or advisory boards of various companies, which include: a) Bovespa – Bolsa de Valores de São Paulo; b) CPFL – Companhia Paulista de Força e Luz S.A.; c) KlickNet S.A.; d) Inpar S.A. ; e) Sadia S.A./BRF S.A; f) Grupo Everest de Hotéis; g) EMIBRA Indústria de Embalagens Gráficas Ltda. He is an arbiter at the Market Arbitration Chamber of the São Paulo Stock Exchange (B3). He currently is a director at the following companies: a) VULCABRAS|AZALEIA S.A. (since 2011); b) Banco BMG S.A. (since 2013); d) Metalúrgica Golin S.A. (Chairman) since April 2016; and  e) Marfrig Global Foods since December 2016.

Financial and Risk Management Committee

Responsible for periodically examining the investment and borrowing plans and their impacts on the capital structure of the Corporation and for monitoring the maintenance of the predetermined liquidity and capital structures.

Name Post Beginning of Mandate End of mandate
Marcia Aparecida Pascoal Marçal dos Santos Committee Coordinator May 18, 2020 GSM of 2021

Ms. Marcia Aparecida Pascoal Marçal dos Santos has been a director of the Corporation since March 2007. She has amassed long experience at Marfrig, having served as head of the financial department from 2000 to 2006 and as head of the internal audit team from 2000 to 2006. She also actively participates in the Marfrig Social Responsibility Institute Fazer e Ser Feliz, as its president. Ms. Marçal dos Santos also is a partner and executive vice-president at MMS Participações Ltda., which is the parent company of the Corporation.

Herculano Aníbal Alves Committee Member (Effective) May 18, 2020 GSM of 2021

Mr. Herculano Aníbal Alves, 66, holds a B.Sc. in Economics from Pontifical Catholic University of Sao Paulo (PUC-SP) (1980), completed a non-degree program in Financial Administration at the Getúlio Vargas Foundation (FGV) (1983), received a master’s degree in Finance and Investment from FGV (1989), and completed an extension program at Kellog University. He also completed an executive education program in Risk, Compliance and Governance at the Risk University of KPMG. He is certified as a Portfolio Manager by the Securities and Exchange Commission of Brazil (CVM) and a Certified Professional by the Brazilian Financial and Capital Markets Association (Anbima-CGA) Previously he worked in the financial industry as investment director, stock manager and credit analyst at BRAM – Bradesco Asset Management, ABN AMRO, Unibanco and Banco Bozzano Simonsen, and in the administrative and financial areas of Empresa de Onibus Vila Carrão. At the former three companies, he was a member of the Credit and Investment committees and on the BRAM monthly committee at Banco Bradesco. Director at Tim Brasil (2015 to present) and at Marfrig Brasil Foods (2015 to Nov/16). Member of the Audit Board at Cielo (2015 to present), Grendene (2015 to present), Grupo Fleury and Ecorodovias (2018 to present), Gerdau (2017-18), Fundo de Private Equity de Tecnologia da GP (2001-05), Fundo de Valor e Liquidez da Bradesco Templeton (1998-01) and alternate member at Fundo de Private Equity da 2Bcapital (2013 to Jan/19). Partner at Araxá Investimentos (2015-16) and Barigui Gestão de Recursos (Nov/16 to present). Member of the Bylaws Audit Committee at Tim Brasil, Chairman of the Risk and Financial Specialist Committee. Participation in various associations, including member of the Mergers & Acquisition Committee (2015-18), Analyst Supervisory Board (2016 to present) and Association of Capital Markets Investors – AMEC (2011-16), Chairman of the Stock Funds Committee of Brazilian Financial and Capital Markets Association – Anbima (2012-16) and Board Member and Technical Director at Abamec, currently the Capital Market Professionals and Investors Association – Apimec (1988-92). He has participated as a lecturer at events hosted by APIMEC, Investidor Profissional and Info Money. He has given interviews to Bloomberg TV and to the newspapers: ValorEstadãoFolha de São Paulo and O Globo, and to the periodicals: Exame and Istoé Dinheiro, and to various websites. His appointment as member is subject to formal confirmation by the shareholder BNDES Participações S.A. under the Shareholders’ Agreement.

Tang David Committee Member (Effective) May 18, 2020 GSM of 2021

O Sr. Tang David, está na Marfrig Mr. Tang David, 50 years old, joined Marfrig in 2007 and served as Controller Director, Director of Internal Audit and Executive Officer with no Specific Title. He worked for 11 years (starting in 1991) in the Treasury department of Asea Brown Boveri – ABB Brasil, where his last position was Executive Officer of Banco ABB S.A. (financial arm of ABB Brasil). He worked for 4 years (between 2002 and 2006) in the Treasury department of JBS Friboi and his last position was as controller of the in-Natura Division.

In the last five years, Mr. Tang David has not been subject to (i) any criminal conviction, (ii) any administrative proceeding at the Securities and Exchange Commission of Brazil (CVM) or (iii) any unappealable judicial or administrative ruling that suspended or prohibited him from practicing any professional or commercial activity.

Sustainability Committee

It will serve as an advisory part to the company’s board. The creation of the committee meets one of the company’s pillars is respect for the environment, animal welfare and conservation of resources.

Name Post Beginning of Mandate End of mandate
Roberto Silva Waack Committee Coordinator May 06, 2019 GSM of 2021

Mr. Roberto Silva Waack is a Biologist (IB-USP) and Master in Business Administration (FEA-USP). He is President of Fundação Renovan, an organization created to manage repairs following the collapse of the Fundão Dam in Mariana, Minas Gerais. His is founder, shareholder and former CEO and subsequently Chairman of the Board of Amata S.A. (www.amatabrasil.com.br), a forestry company engaged in the stewardship and cultivation of native and exotic species. He has long experience as an executive of Brazilian and multinational companies in the pharmaceutical and forestry industries, as general director and in the technology, marketing and planning areas. As an entrepreneur, he is engaged directly in the private placement and creation of management and governance structures. He participates actively on the board of directors of organizations such as Wisewood (recycled plastics), CHS Agroindustrial (grain trading), Global Reporting Initiative (GRI), Forest Stewardship Council (FSC), Brazilian Corporate Governance Institute (IBGC), Instituto Ethos, Fundo Brasileiro de Biodiversidade (Funbio), ISE-Bovespa and WWF. He has been engaged directly in environmental and social movements since the 1980s, always acting at the interface between the private sector and NGOs. He holds a B.Sc. in Biology from IB-USP and an MBA from FEA-USP. Previously he served at the following organizations: Amata S.A. (Chairman of the Board, 2013-2015); CHS Agronegócio Ltda. (Advisory Board, 2014-2016); Brazilian Corporate Governance Institute – IBGC (Director, 2014-2016); Global Reporting Initiative – GRI (Director, 2010-2016); Instituto Ethos (Director, 2013-2016); WWF Brasil (Director and Chairman of the Board, 2014-2016); Instituto Ipê (Director, 2012-2016); BOVESPA Corporate Sustainability Index – ISE (Advisory Board, 2014-2106); Enterprises for Climate Initiative – EPC/FGV (Advisory Board, 2011-2016); Rede Amigos da Amazônia – RAM (Advisory Board, 2008-2014); Fundo Brasileiro para a Biodiversidade – FUNBIO (Director, 2009-14); Forest Stewardship Council – FSC (Director, 2006-12; Chairman of the Board, 2008-10); Steering Committee of the Amazon Alternative – IDH The Sustainable Trade Initiative – Holland (2011-14); Instituto para a Agricultura Sustentável – ARES (Chairman of the Board, 2007-11); Global Campaign for Climate Action – Brazilian Section (Advisory Board, 2009-10); Grupo Orsa Holding (Advisory Board, 2005-06); Centro de Referencia para Informação Ambiental – CRIA (Director, 2005-11); Forest Stewardship Council Brazilian Initiative (Director, 2005-07); Ybios, a joint venture of Orsa, Natura and Centroflora for R&D in products from biodiversity (Founder and Director, 2004-06); Plantations Review Group at Forest Stewardship Council (2004-05); Foundation Institute of the Business and Economics School of the University of São Paulo (FIA/USP) ; PENSA Agribusiness Program at FEA-USP (Advisory Board, 2001-06). His appointment as member is subject to formal confirmation by the shareholder BNDES Participações S.A. under the Shareholders’ Agreement.

X

Paulo Pianez Junior Committee Member (Effective) May 06 , 2019 GSM of 2021

Mr. Paulo is graduated in Economics at UNICAMP, post-graduated in Quality and specialized in Retail Management from Youngstown State University (USA). He served as Sustainability and Social Responsibility Officer at Carrefour Brasil Group for over 10 years and was Quality Officer at BankBoston and Superintendent of Customer Relations at Banco Santander.

Daniela Mariuzzo Committee Member (Effective) May 06 , 2019 GSM of 2021

Daniela Mariuzzo is the Regional Director for IDH Landscapes Program in Latin America and Executive Director of the Board of IDH Brazil. She has been in agriculture for 20 years with a long history of supporting social and environmental initiatives in the field. Before joining IDH she served as Head of CSR for Rabobank International and for Monsanto Brazil. She gained vast experience and relations with governmental agencies, NGOs, financial institutions, development banks, manufacturing companies, farmers and industrial entities. She is nationally and internationally referenced in structuring responsible finance operations. In the beef sector Daniela chaired the Board for the Brazilian Working Group on Sustainable Beef (GTPS), being one of the founders of the initiative together with International Finance Corporation. In 2010, Daniela supported the structuring of the Global Round Table on Responsible Beef originated in the US. While at Rabobank she has worked in several international locations, including Indonesia, China, Australia, India, Singapore, as well as the United States, Mexico, and South America. She has represented the financial sector in the following initiatives: The United Nation Environment Program Financial Initiative, UNEP FI in the Global Annual General Meetings and in the Regional Task Force for Latin America; Member of the Stakeholders Council of the ISEAL Alliance; Member of the Monsanto Brazil Sustainability Committee and Member of the Executive Board of the RTRS, Round Table on Responsible Soy. She is graduated as a Food Engineer (Campinas University, Unicamp). In addition, she studied environmental issues in Hamburg and gained her PhD on bioremediation, in a joint research at Barcelona University.

Alain Emile Henri Martinet Committee Member (Effective) May 06 , 2019 GSM of 2021

Mr. Alain Emile Henri Martinet has been an independent director of the Corporation since December 2009. A French national, he has worked in the animal protein industry for over 30 years, having managed the international team of the meats department at Louis Dreyfus Corporation USA (1978 to 1984). He was general manager (1985 to 1991) and commercial director (1991 to 1992) at the meatpacker Frigorífico Rio – Platense. He served as executive officer at SWIFT Argentina for five years, starting in 2001. Mr. Martinet joined the Corporation in October 2006 and has served as the executive officer responsible for the Argentina operations, for the trading houses and for the U.S. operations of the Marfrig Group.

Marcelo de Camargo Furtado Committee Member (Effective) May 22 , 2020 GSM of 2021

Marcelo Furtado is the Chief Sustainability Officer (CSO) and partner at ZScore a traceability platform for environmental assets using blockchain technology. Board Chair at World Resources Institute (WRI) Brazil. Board member of Conectas Human Rights and member of the sustainability committee at Duratex SA. Executive director of Alana Family Foundation from July 2018 to March 2020 and co-founder of Believe.Earth. Served from 2016 to June 2018 as the facilitator of the Brazilian Coalition on Climate Forest and Agriculture, a multistakeholder forum with representatives from academia, business and civil society to implement a just and sustainable a low carbon economy. Chemical engineer by training with a master degree in renewable energy. Climate, Energy and Land Use professional with nearly 30 years of experience as an activist committed to advancing sustainability and social justice through innovation and public mobilization. Lemann Fellow and a member of the Yale World Fellow program. Executive Director at Arapyaú Institute a family foundation that promotes sustainability, justice, education and political advocacy from 2013 to 2017. Executive Director of Greenpeace Brazil from 2008 to 2013. Head of the forest, climate & energy, toxics and oceans campaign in Brazil from 2005 to 2008. At Greenpeace International (1990 to 2005) served as policy adviser on Climate & Energy and Industrial Pollution; coordinated the Latin America and later the global Toxic Trade Campaign on the promotion of clean technology and the worldwide ban on hazardous waste trade. Before joining, the non-profit sector worked in the chemical industry and as a consultant on the field of technology and innovation.