Management, Board and Committees

Pursuant to our bylaws, our board of directors must be comprised of a minimum of five and a maximum of seven members, including one chairman and one vice-chairman. The members of our board of directors are elected at a general shareholders‘ meeting and serve two-year terms. They may be reelected, and they are subject to removal at any time by our shareholders. According to the rules of the Novo Mercado, at least 20% of the members of our board of directors must be independent members.

Eduardo Luiz Wurzmann: Mr. Eduardo Luiz Wurzmann holds a Bachelor’s degree in Economics by USP in 1987, and completed the MBA course in Finance by University of Illinois, in 1991. He is a Fellow from the Henry Crown Fellowship Program, at Aspen Institute, having the course completed in 2005. Between 1991 and 1993, Mr. Wurzmann worked at Banco de Investimentos Garantia, in São Paulo, as an investment analyst. Between 1993 and 2000, he worked at the French investment bank Credit Agricole Indosuez Securities, in Brazil and in Russia, where he held the position of Managing Director. Between 2000 and 2011, he also held the position of CEO of Grupo Ibmec Educacional, one of the largest education groups in Brazil focusing on the economics and business areas. Between 2011 and 2014 he held the position of Director-General at H&R Block Brasil, worldwide leading company at preparation of individual tax income return, having over 26 million customers around the world. Mr. Eduardo is a member Mills Engenharia’s Board of Directors and he is also member of the Hospital Israelita Albert Einstein’s Council, member of the Board of Governors of Tel Aviv University and general secretary of CONIB – Israelite Confederation of Brazil.

Sérgio Augusto Guerra de Resende: Mr. Sérgio Augusto Guerra de Resende has over 20 years of experience in the automotive market. He is one of the founding members of our Company and currently holds 10.3% of the capital stock of our company. Mr. Resende is currently the Chairman of our Board of Directors. He is also CEO of both Via Jap Comércio de Veículos Ltda., the second largest Mitsubishi vehicle dealership in Brazil, and Via Natsu Comércio de Veículos Ltda. In 2002, he was considered to be the largest vehicle dealer in Brazil based on his performance with Grupo Auto-house. In 2004 and in 2005, he won the diamond concessionaire title from the Mitsubishi Group for the performance of Via Jap Comércio de Veículos Ltda., which was under his management at the time.

Luis Fernando Memória Porto: Mr. Porto graduated with a degree in business administration from the University FUMEC and specialized in business at Fundação Dom Cabral. Luis Fernando Memória Porto, in 1993, with 22 years old, was one of the founding partners of Locarvel Locadora de Veículos Ltda.. Additionaly, he is one of the fouding partners of Via Jap Comércio de Veículos Ltda., the second largest vehicle dealership of the brand Mitsubishi in Brazil, founded in 2003, and of Via Natsu Comércio de Veículos Ltda., vehicle delearship of the brand Suzuki, founded in 2008.

Lee R. Kaplan: Member of the Board of Directors. Mr. Kaplan holds a Bachelor of Arts degree in Economics and Accounting from the University of California – Santa Barbara. Mr. Kaplan is the Senior Vice President and Chief Administrative Officer at Enterprise Holdings, Inc.. Mr. Kaplan is the corporate officer with overall responsibility for Enterprise Holdings’ risk management, legal and corporate development functions. He began his career with Enterprise Rent-A-Car in 1985 and has held numerous positions with the company. Prior to joining Enterprise, Mr. Kaplan worked at Ernst & Whinney as a CPA. He is also a Board Member and a member of the Executive Committee of the St. Louis Regional Chamber – the Chamber of Commerce, Industrial Development Corporation and Research Council of Metropolitan St. Louis. Mr. Kaplan is also a member of the Board of Trustees and Executive Committee for Whitfield School and a member of the Board of Directors for Craft Alliance.

Dirley Pingnatti Ricci: Mr. Dirley has large experience in the car rental segment, especially in fleet management outsourcing for companies, having fouded and been the CEO, for more than two decades, of Auto Ricci S.A. Mr Dirley has stated that he has no criminal conviction or lawsuits before CVM or any final judicial conviction that has suspended or disqualified him for the practice of professional or commercial activities.

Solange Sobral Targa: Ms. Solange Sobral Targa has a degree in Computer Science from the Federal University of São Carlos (UFSCar) and a master in this same area from Unicamp, has been with CI&T, a company in the technology and software industry, for more than two decades, in which she started her career. professional career as the company’s 5th collaborator, in 1996. Currently, she works as an EVP (Employee Value Proposition) Partner Of Operations, as Statutory Director, acting as Lean Digital Transformation Agent for large companies, participating in strategic fronts that aim at growth and impact for businesses and consumers. Among its main challenges is the delivery of disruptive initiatives, including the implementation of pillars of Customer Centrality, Culture of Experimentation and structuring of Value Streams – agile squads oriented to the customer journey and based on multidisciplinary teams. In his journey, he also accumulated experiences in the Commercial, Delivery and Customer Relationship areas.

Our current executive board is composed by the following executives:

Luis Fernando Memoria Porto: Mr. Porto graduated with a degree in business administration from the University FUMEC and specialized in business at Fundação Dom Cabral. Luis Fernando Memória Porto, in 1993, with 22 years old, was one of the founding partners of Locarvel Locadora de Veículos Ltda.. Additionaly, he is one of the fouding partners of Via Jap Comércio de Veículos Ltda., the second largest vehicle dealership of the brand Mitsubishi in Brazil, founded in 2003, and of Via Natsu Comércio de Veículos Ltda., vehicle delearship of the brand Suzuki, founded in 2008.

Marco Tulio de Carvalho Oliveria: Mr. Marco Tulio holds a degree in Actuarial Science from the Pontifical Catholic University of Minas Gerais, a postgraduate degree in statistics from the Federal University of Minas Gerais. Mr. Marco has 16 years of experience in the administrative and financial areas, working in Industry, Pension Institution and Financial Institutions, and since 2012 has held positions of leadership in the Company.

Carlos Horácio Sarquis: Graduated in Business Administration from the Universidad Católica Argentina in 1995. Holds a Master in Finance by CEMA in Argentina, in partnership with Chicago University. He completed Chase Manhattan‘s investment banking training program. Between 2015 and 2016, he was the CEO of Grand Cru, Brazil‘s largest wine retail store chain. Previously, since 2011, he was Managing Director of the Rent a Car division and Marketing of Unidas. Between 2002 and 2011, he held senior positions at Itau Unibanco‘s Group in the Retail and Consumer Banking divisions. From 2000 and 2002, he was Partner at LID Group, an Internet Venture Capital firm. From 1998 to 2000 he was a consultant at MCKINSEY & Co. Between 1994 and 1998 he was an investment banker at Chase Manhattan Bank. He is currently the Head Officer of Rent-a-Car at Unidas.

Breno Davis Campolina: Graduated in Business Administration from UFMG, specializing in Projects and Executive MBA from Fundação Dom Cabral, in addition to a Private Equity Executive Program from Wharton University. Breno started his career in the areas of intelligence and management at Ambev. He led Locamerica’s governance and growth process, where he held various positions between 2008 and 2014. He was CEO of GeneSeas Aquacultura and Maquira Dental Products and at the end of 2019 he returned to Unidas to take on Fleets and Projects.

Cynthia Maria Delfini Tamura: Ms. Cynthia Tamura holds a degree in Psychology at São Judas Tadeu University and postgraduate studies in Human Resources Management at Fundação Armando Álvares Penteado. With 19-year experience in the HR area, Cynthia has been in companies like Unimed, in which she was the Manager of Human Resources from 2011 to 2015, Hermes Pardini Institute, in which she was Officer of Organizational Development from 2008 to 2011, and Votorantim Finance, in which she was the Manager of Human Resources from 2004 to 2008. Currently, she is Unidas’s People and Management Officer.

Fernando Silveira Rosa Rheingantz: Graduated in International Business from Belmont Abbey College, in the USA, and with an Executive MBA from Fundação Dom Cabral, Fernando Rheingantz has 20 years of professional experience related to retail and sales channels in large national and international companies such as C&A Modas, Nokia, Ancar Ivanhoe , Vivo and Raia Drogasil, having been responsible for managing operations such as owned stores, franchises, e-commerce, door to door, indirect and wholesale retail, as well as experience in the real estate sector through the management of large shopping centers.

Dirley Pingnatti Ricci: Mr. Dirley has large experience in the car rental industry, notably in fleet management and outsourcing for companies, having founded and being the CEO, for over two decades, of Auto Ricci S.A.. Mr. Dirley has declare not to have any criminal conviction or any lawsuits over CVM, or any conviction that has suspended or disqualified him to practice professional or commercial activities.

Renan Rocha: Bachelor in Systems Information , MBA in Business Management with an emphasis in Technology by FGV, and specialization in BIG DATA by USP. He has 18 years of experience in Technology, Projects and Innovation in various sectors, such as Ecommerce, Retail, Digital Advertising, Engineering, Services and BPO. During this period he worked on projects of global scale in companies such as Mercado Livre, Habibs, EDAG, Voxline and 24/7 Media Inc.

Audit, Compliance and Risk Management Committee – Among the Committee’s various duties, the following stand out: (i) ensuring compliance with the Company’s rules; (ii) assess the impact of regulatory and self-regulatory bodies on the Company’s activities; (iii) identify and control the risks of the company’s activities in order to mitigate them by implementing corrective action plans for solution; (iv) resolve on the application of sanctions to legal violations, as well as to the Anti-Corruption Policy and the Company’s Code of Ethics; (v) monitor the handling of complaints of fraud and / or irregularities received by the Ethics Channel; (vi) opine on the hiring and dismissal of the independent auditor; (vii) evaluate the Company’s financial statements; (viii) monitor the internal audit processes; (ix) evaluate the Company regarding its exposure to risks; (x) evaluating and recommending internal policies including that of transactions between related parties and having means of perception and treatment of information about non-compliance with legal and normative provisions applicable to the Company. The Company informs that the Legal, Compliance and Internal Audit areas report to the Financial Administrative Director.

Fleet Management Committee – Elaborates the business plan, evaluate market conditions in the Outsourcing and Fleet Management segment, establish pricing and performance strategies, in addition to accompanying and monitoring the activities of the Outsourcing and Fleet Management segment.

Rent a Car (RAC) Committee – Elaborates the business plan, assess the market conditions in the RAC segment, establish pricing and performance strategies, in addition to monitoring and monitoring the activities of the RAC segment.

Used Cars Committee – Evaluates market conditions, define prices and sales strategies for used vehicles, in addition to establishing a policy for the sale of used vehicles owned by the Company.

People Management Committee – Discusses succession plans, positions and salaries, as well as support the definition and establishment of management policies for the Company’s employees, in order to maintain and provide a harmonious and healthy environment within the Company.

Sustainability Committee – It’s directly linked to the Board of Directors and the Executive Board, its meetings take place on a quarterly basis, with the committee being chaired by the CEO of Unidas in order to plan and mitigate the company’s social and environmental impacts.

Automobile Risk Committee (CRA) – Define the policy for managing and controlling automobile risk and the maximum exposure limits. This Committee is also responsible for organizing and supporting the work of the Pricing Committee, defining rules and establishing priorities to be evaluated or revised, in addition to warning about the risk positions (absolute and relative) of each business unit of the Company.

Pricing Committee – This Committee is responsible for defining the pricing rules for accessories, maintenance, documentation, insurance, freight and other services, in order to minimize expenses and maximize the return generated by the Company’s vehicles. It is also responsible for alerting about errors in the pricing process, outdated items and system improvements, performing sensitivity analysis of prices that will be charged from customers, as well as performing analysis of accessories, maintenance, insurance and logistics suppliers.