GRUPO EQUATORIAL
Statutory Management Committee
The Statutory Audit Committee is made up of 3 (three) effective members elected by the Company’s Board of Directors and its scope is to: assist the Board of Directors in defining the quality standards of financial reports and internal controls and also evaluate the risks involved in accounting principles and their adequacy, proposing changes if necessary. It is also responsible for monitoring identified problems. Analyze and approve the risk management strategy of all Companies directly or indirectly controlled by Equatorial. (“Equatorial Group”); Advise the Board of Directors on risk exposures and analyze the level of risk within the Equatoial Group; Evaluate the effectiveness of the Equatorial Group’s risk management systems and reports to the Company’s Board of Directors; Identify risks arising from alternative strategies decided by the Board of Directors.
| Position | Election Date | Term of office | ||
|---|---|---|---|---|
| Tiago de Almeida Noel | Coordinator of the Statuary Management Committee | 05/08/2023 | First RCA after the AGM approving the accounts for the financial year of 12/31/2024 | |
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Mr Tiago Noel is responsible for investments in the electricity sector in the Opportunity funds, which he joined in 2020. He was a partner at the management company Athena Capital during the period from 2014 to 2020, having previously worked in the areas of risk, equity research and management of Modal Asset Management and strategic planning at Enel Brasil Bachelor in Economics from Universidade Federal Fluminense.
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| Jorge Roberto Manoel | Coordinator of the Statuary Management Committee | 09/19/2024 | First RCA after the AGM approving the accounts for the financial year of 12/31/2024 | |
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Jorge Roberto Manoel, Bachelor of Science in Accounting and Business Administration, MBA in Finance and Controllership (UFMG), in Knowledge, Technology and Innovation (USP), Specialization in Corporate Governance from Yale School of Management, Technology and Innovation Summit from Singularity University and Master in Corporate Governance from FMU (Laureate Education Group).
Professionally, he developed his career at PwC, working for 4 years in the United States and approximately 30 years as a partner in Brazil, where he led, among others, the Operations area (COO), the Assurance area (Audit, Capital Markets, Compliance and Risk) in South America, having been a member of the PwC World Forum in these areas until 2016 when he retired. At PwC, in addition to serving clients, he was involved in the development of the methodology of the auditing profession, in regulatory, risk and quality issues and professional training. In Corporate Governance, he coordinated the Finance and Accounting Committee of IBGC for 7 years, an Institute in which he is certified as an Experienced Board Member (CCIe), Fiscal Board Member and Audit Committee Member. He was president of the Ibracon-MG section and director of Professional Development at Ibracon Brazil. He has served on the Board of Directors, Advisory Board, and Fiscal Board, and on the Independent Investigation Commission of entities such as Caixa Econômica Federal, Escola Metodista de Educação Corporativa, United Way Brasil, Board of Directors of the CPC Support Foundation (FACPC), BRMalls, Chairman of the CF of YDUQS, as well as on different Advisory Committees to the Board of Directors, such as the Audit Committee of Natura Cosméticos S.A, Grupo Médico Latino Americano Biotoscana (GBT), Grupo SulAmérica, Grupo MDias Branco, Burger King, C&A, in the Coordination of the Audit Committee of Previ, CCR, in addition to consulting and/or participation in internal or external Forensic Investigation Commission work in different entities. He is a speaker for associations such as the Federal Accounting Council, Sinduscon, IBGC, and is a Member of the APC - Academia Paulista de Contabilidade.
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| João Alberto da Silva Neto | Member of the Statuary Management Committee | 05/08/2023 | First RCA after the AGM approving the accounts for the financial year of 12/31/2024 | |
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Founding Partner of Minerva Consultoria. With extensive experience in the auditing segment, having worked at KPMG from 1988 to 2019, he has experience in several areas
business, having been responsible for auditing several companies in the Electrical, Real Estate, Retail and Consumer Market sectors. In 2019 he became a member of the Audit, Risks and Compliance Committee of the Hapvida Group and since 2020 he has served as a member of the Audit, Risks and Compliance Committee of Triple Play Brasil Participações. He has a postgraduate degree in Management Accounting and a degree in Accounting, both from the Federal University of Rio Grande do Sul, and a specialization from Fundação Dom Cabral. He is certified as a Counselor by IBGC, member of the Institute of Independent Auditors of Brazil ± IBRACON, and the Brazilian Institute of Financial Executives ± IBEF.
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Strategy and New Business Committee
The Strategy and New Business Committee is made up of a maximum of 5 (five) effective members elected by the Company’s Board of Directors and its objective is to evaluate, at the request of the Board of Directors, the development of studies for potential participation in new businesses, identifying possible risks, opportunities and approaches to be followed in negotiation.
| Position | Election Date | Term of office | ||
|---|---|---|---|---|
| Tiago de Almeida Noel | Coordinator of the Strategy and New Business Committee | 05/08/2023 | First RCA after AGM to approve the accounts for the financial year ending in 2024 | |
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Mr Tiago Noel is responsible for investments in the electricity sector in the Opportunity funds, which he joined in 2020. He was a partner at the management company Athena Capital during the period from 2014 to 2020, having previously worked in the areas of risk, equity research and management of Modal Asset Management and strategic planning at Enel Brasil Bachelor in Economics from Universidade Federal Fluminense.
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| Luís Henrique de Moura Gonçalves | Independent Member of the Strategy and New Business Committee | 05/08/2023 | First RCA after AGM to approve the accounts for the financial year ending in 2024 | |
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Graduated in business administration from PUC RJ, with a specialization in finance from IBMEC, Wharton School of Business, Harvard Business School and Columbi a Business School Specialization in corporate governance from Harvard Business School Founding partner of Mar Asset Professional experience at Citibank N/A Banco Pactual JGP S/A and 3 G Capital in New York.
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| Felipe Dutra Cançado | Independent Member of the Strategy and New Business Committee | 05/08/2023 | First RCA after AGM to approve the accounts for the financial year ending in 2024 | |
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Member of the Board of Directors of Echoenergia. – Board member since April 2022, Felipe Dutra has a degree in production engineering from UFRJ (Federal University of Rio de Janeiro) and is a founding partner of Squadra Investimentos Gestão de Recursos Ltda., an independent management company, responsible for managing investment funds in shares, established in 2007. Responsible for covering the electricity sector since 2005. Was a member of the Board of Directors of CESP (2019-2022).
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| Tinn Freire Amado | Independent Member of the Strategy and New Business Committee | 09/19/2024 | First RCA after AGM to approve the accounts for the financial year ending in 2024 | |
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Tinn Freire Amado – Mr. Freire Amado was the Director of Regulatory Affairs and currently serves as Vice President of the Generation and Transmission segments. He served as coordinator of the team responsible for the adjustment and review of the tariffs for the use of electricity distribution systems of the Superintendence of Regulation of Distribution Services of the National Electric Energy Agency (ANEEL). He also worked as a regulatory specialist at CPFL Energia. He holds a degree in Electrical Engineering from the Federal School of Engineering of Itajubá, and a Master's degree in Regulatory Economics and Competition Defense from UNB. He has not been subject to the effects of a criminal conviction, conviction or application of a penalty in an administrative proceeding before the CVM or a final and binding conviction, in the judicial or administrative sphere, that would have resulted in the suspension or disqualification from practicing any professional or commercial activity, and is therefore duly qualified to practice his professional activities. He is not considered a politically exposed person.
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People, Governance and Sustainability Committee
The People, Governance and Sustainability Committee is made up of a maximum of 3 (three) effective members elected by the Company’s Board of Directors and is responsible for: Defining and implementing remuneration principles and policies, including topics related to fixed, variable and long-term incentives; evaluation of the President, review of the evaluation of his direct subordinates and annual indication of talents from the Equatorial Group; appointment and recruitment of new Board members; coordination of the evaluation process of the Board and its Committees and the corporate governance practices of the Equatorial Group; and review and discussion of Grupo Equatorial’s environmental and social sustainability initiatives.
| Position | Election Date | Term of office | ||
|---|---|---|---|---|
| Guilherme Mexias Aché | Independent Member of the People and Sustainability Committee | 08/10/2022 | 3 (three) year term | |
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Guilherme Mexias Aché, Vice-President of the Board of Directors – Mr. Aché is an economist and founding partner of Squadra Investimentos – Gestão de Recursos Ltda., acting as CEO and co-CIO of this company. Additionally, he serves as an Advisor to the Imaginarium Group. Mr. Aché was head of the corporate analysis area at Banco Pactual between 1993 and 1998, where he started as an analyst in 1991. From 1998 to 2007, he was one of the founding partners and director of JGP Gestão de Recursos, where he was the Portfolio Manager responsible for investments in shares, both in Brazil and in other emerging markets.
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| Tania Sztamfater Chocolat | Independent Member of the People and Sustainability Committee | 08/10/2022 | 3 (three) year term | |
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Senior Director of the Active Equities Investments area for Latin America at the Canada Pension Plan Investment Board since May 2017 and Head of the São Paulo Office since December 2021 Previously, Tania was responsible for managing illiquid investments at Raiz Investimentos, and Director responsible for investments in Private Equity in Brazil by Capital Group She was an alternate member of the Board of Directors of STP (Sem Parar) Previously, Tania held several positions at banks Itaú and Unibanco, between 2004 and 2013 in the areas of Investment Banking, Private Banking and Equity Research She was Head of the Solution Partners area at Itau Private Bank, Executive Director at Itaú BBA, Director, Head and Senior Analyst in the consumer and retail sector in the Equity Research area at Unibanco, having also worked in the Investment Banking area at Banco JP Morgan Tania She has a degree in Production Engineering from the Polytechnic School of the University of São Paulo.
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| Eduardo Parente Menezes | Independent Member of the People and Sustainability Committee | 09/19/2024 | 3 (three) year term | |
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Eduardo Parente Menezes - Mr. Menezes holds a degree in production engineering from the Federal University of Rio de Janeiro and a master's degree in business administration from New York University – NYU. He has been the President of Yduqs Participações S.A. since 2018. Previously, he was the President of Companhia Siderúrgica do Pecém (CSP), Prumo Logística S.A. (controller of Porto do Açu) and MRS Logística S.A. In addition, he was the director of special projects at Vale S.A. and a partner at McKinsey & Company. He was a member of the Board of Directors of Bradespar, CSP, VLI, among others, and a member of the Advisory Board of Alcoa Latam.
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Regulation and Innovation Committee
The Regulation and Innovation Committee is made up of a maximum of 5 (five) effective members elected by the Company’s Board of Directors and aims to monitor the evolution of regulation in the Company’s sectors of activity, evaluate and recommend policies and/or guidelines in accordance with current regulations, monitor regulatory topics and processes, especially those relating to tariff adjustments and reviews and concession renewals, and evaluate and monitor the Company’s innovation initiatives in light of current regulations and future changes.
| Position | Election Date | Term of office | ||
|---|---|---|---|---|
| Tinn Freire Amado | Coordinator of the Regulation and Innovation Committee | 09/19/2024 | First RCA after the AGM approving the accounts for the financial year of 12/31/2024 | |
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Tinn Freire Amado – Mr. Freire Amado was the Director of Regulatory Affairs and currently serves as Vice President of the Generation and Transmission segments. He served as coordinator of the team responsible for the adjustment and review of tariffs for the use of electricity distribution systems at the Regulatory Services Superintendence of the National Electric Energy Agency (ANEEL). He also worked as a regulatory specialist at CPFL Energia. He holds a degree in Electrical Engineering from the Federal School of Engineering of Itajubá and a Master's degree in Regulatory Economics and Competition Defense from UNB. He has not been subject to the effects of a criminal conviction, conviction or application of a penalty in an administrative proceeding before the CVM or a final and binding conviction, in the judicial or administrative sphere, that would have resulted in the suspension or disqualification from practicing any professional or commercial activity, and is therefore duly qualified to practice his professional activities. He is not considered a politically exposed person.
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| Paulo Jerônimo Bandeira de Mello Pedrosa | Independent Member of the Regulation and Innovation Committee | 05/08/2023 | First RCA after the AGM approving the accounts for the financial year of 12/31/2024 | |
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Mechanical engineer with 37 years of experience in government (executive and legislative), business and academic areas in the energy field. He is President of Abrace – Energia, an association that represents large consumers. He is a Member of the Board of Equatorial Energia, the Advisory Board of EPE, an Energy Research Company, the E + Panel, the National Industry Forum of the CNI and the Board of Equatorial Energia. He coordinates the Coinfra – Fiesp energy GT. He presided over Abraceel – Brazilian Association of Energy Traders. He participated in the Councils of the National System Operator (ONS), Itaipu Binacional and the Light and Cemar Distributors. He was Director of Aneel, Executive Secretary of the Ministry of Mines and Energy and Interim Minister of State for Mines and Energy (MME).
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| Tiago de Almeida Noel | Independent Member of the Regulation and Innovation Committee | 05/08/2023 | First RCA after the AGM approving the accounts for the financial year of 12/31/2024 | |
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Mr Tiago Noel is responsible for investments in the electricity sector in the Opportunity funds, which he joined in 2020. He was a partner at the management company Athena Capital during the period from 2014 to 2020, having previously worked in the areas of risk, equity research and management of Modal Asset Management and strategic planning at Enel Brasil Bachelor in Economics from Universidade Federal Fluminense.
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Operacional Committee
The Operational Committee is composed of a maximum of 5 (five) effective members elected by the Company’s Board of Directors and its objective is to evaluate, at the request of the Board of Directors, review the business plan and consolidated annual budget of the Company and its subsidiaries, periodically evaluate the consolidated operational evolution of the Company and its subsidiaries, review, monitor and propose actions related to improving the quality and increasing the operational efficiency of the Company and its subsidiaries.
| Position | Election Date | Term of office | ||
|---|---|---|---|---|
| Felipe Dutra Cançado | Coordinator of the Operaional Commitee | 05/08/2023 | First RCA after the AGM approving the accounts for the financial year of 12/31/2024 | |
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Member of the Board of Directors of Echoenergia. – Member of the Board since April 2022, Felipe Dutra has a degree in production engineering from UFRJ (Federal University of Rio de Janeiro) and is a founding partner of Squadra Investimentos Gestão de Recursos Ltda., an independent management company responsible for managing equity investment funds, established in 2007. Responsible for covering the electricity sector since 2005. He was a member of the Board of Directors of CESP (2019-2022).
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| Tinn Freire Amado | Independent Member of the Operaional Commitee | 09/19/2023 | First RCA after the AGM approving the accounts for the financial year of 12/31/2024 | |
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Tinn Freire Amado – Mr. Freire Amado was the Director of Regulatory Affairs and currently serves as Vice President of the Generation and Transmission segments. He served as coordinator of the team responsible for the adjustment and review of tariffs for the use of electricity distribution systems at the Regulatory Services Superintendence of the National Electric Energy Agency (ANEEL). He also worked as a regulatory specialist at CPFL Energia. He holds a degree in Electrical Engineering from the Federal School of Engineering of Itajubá and a Master's degree in Regulatory Economics and Competition Defense from UNB. He has not been subject to the effects of a criminal conviction, conviction or application of a penalty in an administrative proceeding before the CVM or a final and binding conviction, in the judicial or administrative sphere, that would have resulted in the suspension or disqualification from practicing any professional or commercial activity, and is therefore duly qualified to practice his professional activities. He is not considered a politically exposed person.
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| Tiago de Almeida Noel | Independent Member of the Operaional Commitee | 05/08/2023 | First RCA after the AGM approving the accounts for the financial year of 12/31/2024 | |
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Mr Tiago Noel is responsible for investments in the electricity sector in the Opportunity funds, which he joined in 2020. He was a partner at the management company Athena Capital during the period from 2014 to 2020, having previously worked in the areas of risk, equity research and management of Modal Asset Management and strategic planning at Enel Brasil Bachelor in Economics from Universidade Federal Fluminense.
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