Executive Board, Board of Directors and Committees

Mr. Bandeira holds a degree in Computer Science from the Catholic University of Pelotas, a postgraduate degree in Finance and Management from FGV and UFRGS, an MBA from The Wharton School – University of Pennsylvania, and completed the OPM – Owner and President Management Program at Harvard Business School. He has served on the Board of Directors of Oi S.A. since 2020. He was CEO and Managing Partner at Falconi, a management consulting firm, from January 2011 to March 2017, where he led the implementation of the partnership model and international expansion, opening offices in the U.S. and Mexico. He also served as Secretary of Planning and Management of the State of Rio Grande do Sul (2008–2010), and held various public sector roles, including systems analyst, IT manager, and CIO. He joined the state government in 1993 and later held positions at the Ministry of Finance and the Federal Senate. In 2007, he led the State Treasury of Rio Grande do Sul and was appointed Secretary of Planning and Management in 2008. In 2010, he became President of Banrisul (Board Member since 2008), resigning from the role in 2011.

Mr. Pardini holds a degree in Accounting from the School of Economic Sciences of São Paulo, a postgraduate degree in Business Administration with an emphasis in Finance from Fundação Álvares Penteado, and has completed various executive education programs in Brazil and abroad. These include Business Strategy at the Wharton School of the University of Pennsylvania, Corporate Governance at Fundação Getúlio Vargas, Ethics and Corporate Governance at Milliken University, and Innovation at the Massachusetts Institute of Technology. He is currently the principal partner at CrossOver Consulting & Auditing. He also serves as Executive Director of the Brazil chapter of the Internal Control Institute, a member of the Audit Committee of Companhia de Saneamento de Santa Catarina, and a professor in the area of risk-based auditing in the MBA program at Trevisan Business School. Mr. Pardini served as an independent member of the Board of Directors of Sabesp from May 2023 to September 2024, as well as a member of the Audit Committee during the same period. He currently serves as an external member of the Audit Committee. Mr. Pardini has over 43 years of experience as an external and internal auditor, senior executive at multinational and national companies, and as a professor and speaker on auditing, internal controls, risk management, and governance for both government and private sector entities.

Mr. Gattass holds a degree in Economics from PUC-Rio. He currently serves on the Board of Directors of Sabesp, PRIO S.A., Serena Energia S.A., and Canacol Energy LTD. He was a board member of Copasa S.A. (2017–2023), BR Distribuidora (2015–2016), and an alternate board member at Petrobras S.A. (2015–2016) and Sanepar (2017). Mr. Gattass was Head of Equity Research at BTG Pactual from 2009 to 2015. From 1997 to 2015, he worked as an equity analyst covering the oil & gas, energy, and sanitation sectors at Icatu (1997–1998), UBS (1998–2009), and BTG Pactual (2009–2015).

Mr. Saulo holds a degree in Business Administration from Fundação Getúlio Vargas and a degree in Accounting from Faculdade Paulo Eiró. He also holds a postgraduate degree in Control and Finance from IMD – International Institute for Management Development. He began his career at Arthur Andersen as an external auditor and later worked in the construction and cement industries. In 1996, he became CFO of an American packaging company and, in 1998, Director of Planning and Control at Cyrela Brazil Realty, where he remained until 2010, when he assumed the role of Controllership Director at PDG Realty. He served as CFO of Greenwood Resource Brasil from 2013 to 2022 and currently serves on the Advisory Board of Global Timber Resources and Greenwood Brasil. He is also a member of the Fiscal Council of Equatorial Energia, Equatorial Maranhão, Equatorial Pará, and CEEE-RS.

Mr. Bandeira holds a degree in Computer Science from the Catholic University of Pelotas, a postgraduate degree in Finance and Management from FGV and UFRGS, an MBA from The Wharton School – University of Pennsylvania, and completed the OPM – Owner and President Management Program at Harvard Business School. He has served on the Board of Directors of Oi S.A. since 2020. He was CEO and Managing Partner at Falconi, a management consulting firm, from January 2011 to March 2017, where he led the implementation of the partnership model and international expansion, opening offices in the U.S. and Mexico. He also served as Secretary of Planning and Management of the State of Rio Grande do Sul (2008–2010), and held various public sector roles, including systems analyst, IT manager, and CIO. He joined the state government in 1993 and later held positions at the Ministry of Finance and the Federal Senate. In 2007, he led the State Treasury of Rio Grande do Sul and was appointed Secretary of Planning and Management in 2008. In 2010, he became President of Banrisul (Board Member since 2008), resigning from the role in 2011.

Ana Silvia Matte is a lawyer with a Law degree from UFRGS and a postgraduate degree in Human Resources from PUC-RJ. She has completed executive and board training programs at Fundação Dom Cabral, INSEAD, and the Brazilian Institute of Corporate Governance (IBGC), among others.
She has 34 years of executive experience in human capital and administrative areas, holding management and C-level positions at companies such as CSN – Companhia Siderúrgica Nacional, WELLA, and Light S.A., among others. She is certified as a Board Member (CCA+ level) by IBGC and as an Innovation Board Member by GoNew. For the past 11 years, she has served as a board member and as an independent external member on advisory committees and/or boards of directors at companies such as Cemig S.A., Cemig Telecom, Renova Energia, Eletrobras, Vale, Copel, Petrobras, and SABESP – where she served as a board member from April to September 2024, during the company’s privatization process. She is currently a board member and member of the Sustainability Committee at Norte Energia S.A.; a board member and member of the People and Governance and Sustainability Committees at Eletrobras; and an external expert member of the Eligibility and Compensation Committee at SABESP. She is the founding partner of Ana Silvia Matte Consultoria em Gestão Ltda., an angel investor in several startups, and has been a member of IBGC’s People Committee since 2021. She also mentors C-level executives and participates in the “Career Accelerators” program, aimed at young Black women, under the Racial Equality Committee of the “Mulheres do Brasil” movement. She co-authored the book “Women on Boards – The Power of a Story”, published in 2022 by Editora Leader.

Mr. Giorgi is a partner and founder of LFG – Governança & Gestão since 2005, and currently serves on the Board of Directors of TEADIT Group S.A., Be8 Group, and NK Store. He is also a member of the following committees: People, Culture, and ESG at Grupo Globo; Compensation at Banco Santander S.A.; People and Culture at Tigre S.A.; and People and Governance at both Martins Atacadista S.A. and Grupo Rodobens S.A. He has extensive experience serving on boards of companies such as Arezzo & Co S.A., Santher S.A., Grupo Vonpar S.A., J. Macedo Alimentos S.A., Empresas Concremat, Agência de Propaganda Heads, and Vix Logística S.A. He has also been a member of HR Committees at several companies, including Sul América Seguros S.A. (2012–2023), Lojas Marisa S.A. (2014–2017), and Itautec S.A. (2013). Mr. Giorgi worked at Grupo Suzano from 2003 to 2005 as Executive Vice President of Suzano Holding, a member of the Management Committee of the Board of Suzano Papel e Celulose, Executive Director of Suzano Petroquímica, and also served as a board member at Petroflex. Additionally, he was Country President for Brazil at HayGroup and a Partner at Grupo Mundial (1996–2003). He also has professional experience at PwC and Embraer (1982–1988).

Mr. Noel holds a bachelor’s degree in Economics. He is a partner at Opportunity, where he has served on the investment committee since 2020. Previously, he was a partner at Athena Capital from 2014 to 2020. He has been a member of the Board of Directors of Equatorial Energia since 2021, where he serves as coordinator of the Strategy and New Business Committee, and is also a member of the Strategy and Innovation Committee, the Operational Committee, and the Statutory Audit Committee. He served on the Board of Directors of Echoenergia Participações from 2022 to 2024.

Ms. Bertocco holds degrees in Public Administration from Fundação Getúlio Vargas and Law from the Pontifical Catholic University of São Paulo. She also holds a postgraduate degree in Administrative Law from FGV Law School and completed the Diversity in Boardrooms Program at the Brazilian Institute of Corporate Governance (IBGC). She is currently Chair of the Board of Directors at Sabesp (since 2023) and coordinates both the Sustainability and Corporate Responsibility Committee and the Strategy and New Business Committee (since October 2024). She is a partner at Jive (formerly Mauá Capital) Investimentos (since 2020), an independent board member and Audit Committee Chair at Orizon Valorização de Resíduos (since 2020), and a board member at Vinci, a French infrastructure holding (since April 2025). Ms. Bertocco previously served as Advisor to the President of Sabesp (2003–2006), State Sanitation Coordinator (2007), Director of Institutional Relations at ARSESP (2008–2010), General Director of ARTESP (2011–2015), Deputy Secretary for Partnerships and Innovation (2015–2018), CEO of Sabesp (2018), and Director of Government and Infrastructure at BNDES (2019). She also served as an independent board member at Equatorial Energia (2022–2023) and at Companhia Riograndense de Saneamento – CORSAN (2020–2022), where she chaired the Innovation and Sustainability Committee.

An employee of Sabesp since 1992, Mr. Fiorindo has held management positions across various areas of the company, primarily related to the execution of construction works, maintenance and operation of water supply and sewage systems, commercial services, customer service, billing, and collections. He served as a Board Member at ATTEND Ambiental from 2020 to 2023. At Sabesp, he was Superintendent of the Metropolitan West (MO) and Central (MC) Business Units from 2015 to 2023. From 2011 to 2015, he was Department Manager at the São Mateus Regional Management Unit (UGR); from 2006 to 2011, Division Manager of the São Mateus Maintenance Hub; and from 2000 to 2006, Sector Manager of the Maintenance Hubs in Mooca, Sé, and Vila Mariana. He holds a degree in Civil Engineering from Universidade Camilo Castelo Branco and a degree in Business Administration from Universidade Paulista – UNIP. He also holds specializations in Basic Sanitation Engineering from the School of Public Health at the University of São Paulo (USP), an MBA in Engineering Management from Instituto Mauá de Tecnologia, Project Management from Fundação Vanzolini, and an Executive MBA in Business Management from FIA/USP.

Ms. Polto da Cunha holds a Law degree and a Master’s degree from the University of São Paulo. She currently serves as State Attorney and Advisor to the Office of the State Attorney General (PGE), where she coordinates state-owned enterprises and is a board member of EMAE. She was Corporate Affairs Director at Companhia Paulista de Parcerias (2006–2016), Deputy State Attorney General (2020–2022), and has served on several boards of directors, including Sabesp (2014–2016 and 2020–2023), Companhia Paulista de Securitização (as Chairperson), São Paulo Metro, and EMTU. She is currently a board member at EMAE. Ms. Polto is certified by the Brazilian Institute of Corporate Governance (IBGC) and has extensive experience in infrastructure, regulated sectors, corporate governance, and public corporate law.

Mr. Mariz holds postgraduate degrees in History from the Sorbonne University, in Political Science from Sciences Po Paris, and in Finance from ESSEC Business School, also in Paris. He also holds a Master’s degree in International Affairs from Columbia University in New York and a PhD in Finance from FEA-USP. He has over 20 years of experience in banking and financial institutions. Since 2020, he has been working at UBS Investment Bank as Head of ESG Advisory Services for Latin America. At UBS, he has also held several roles, including Vice President of the Diversity, Equity, and Inclusion Council for the Americas. Additionally, he served as Head of Financial Institutions and Fintech for Latin America (2018–2022) and Head of Latin American Financial Institutions in the Wealth Research Division (2012–2018). Since 2017, Mr. Mariz has also been an Adjunct Professor of International and Public Affairs at Columbia University – SIPA in New York, where he is a member of the Admissions Committee. He is the author of the book “Finance with a Purpose” (World Scientific, 2022) and has published more than 20 academic articles. He has served as an independent member of the Sustainability Committee at Wickbold since 2023. His previous experience includes roles as a senior analyst at JP Morgan (2007–2012), Goldman Sachs in New York (2005–2007), the United Nations in New York (2004), and Deloitte in Paris (2002).

Mr. Tinn Amado holds a degree in Electrical Engineering from the Federal Engineering School of Itajubá and a master’s degree in Regulatory Economics and Competition Defense from the University of Brasília. He is currently Executive Director at Equatorial Energia. Mr. Amado served as CEO of Echoenergia from 2022 to 2024 and was Director of Regulation and New Business at Equatorial Energia from 2008 to 2022. He also serves as a board member of several subsidiaries and affiliates of Equatorial Energia.

Mr. Silva holds a degree in Mechanical Engineering from the Pontifical Catholic University of Rio de Janeiro. He has served as Chairman of the Board of EMBRAER since 2012 and has been a board member since 2011. Mr. Silva was President of GE Brazil from 2001 to 2007, President of GE CELMA from 1989 to 2001, Engineer at CTA from 1974 to 1976, Manager at Motortec from 1976 to 1989, and Engineer at VARIG from 1968 to 1974.

Mr. Eduardo de la Peña holds a degree in Business Administration from the Pontifical Catholic University of Rio de Janeiro and an MBA from the University of Michigan (2021). He is a founding partner and manager at Alis Investimentos since 2023. Throughout his career, Mr. de la Peña has gained significant experience in the financial and capital markets. He served as Managing Director – Head of ECM and Financial Sponsors Coverage at Credit Suisse (2018–2022), Director of ECM & Financial Sponsors Coverage at BTG Pactual (2017–2018), and was a partner at Brasil Plural – now Genial (2009–2017). He also worked at Flow Corretora (2007–2009) and at Itaú Asset (2006–2007). His experience also includes roles at Banco Modal (2004–2006) and Banco Santander/Bozano, Simonsen (1997–2004). Mr. de la Peña is a member of the Fiscal Council at Espaçolaser, and was also a member of the Board of Directors of Sabesp (2024). He has served as a board representative for portfolio companies of the FIP Brasil Energias Renováveis fund, including Eólicas do Sul, Bons Ventos da Serra, and RBO Energia.

Mr. Bassinello holds a degree in Mechanical Engineering from the Federal University of Itajubá and a postgraduate degree in Business Administration from Fundação Getúlio Vargas. He also holds an Executive MBA (In Company) from Business School São Paulo, a specialization in Corporate Governance from the Kellogg School of Management, and board member certification from the Brazilian Institute of Corporate Governance (IBGC). Since 2024, he has served as an Independent Member of the Risk and Internal Controls Committee at Uisa. He has over 20 years of experience in GRC (Governance, Risk, and Compliance). Throughout his career, he has held roles such as Risk and Internal Controls Management Coordinator at Votorantim; General Manager of Governance, Audit, Risk, and Compliance at Fibria Celulose (now Suzano Celulose); Board Member and Audit Committee Member at Veracel; Vice President of Risk & Continuity, Controls & Access, Compliance & Privacy, and Audit & Loss Prevention (CCO, CRO, and CAE) at Braskem; Chair of the Audit and Compliance Committee at Braskem Idesa; and Chair of the Compliance Committee at Cetrel.

Mr. Miranda has built a long-standing career in the multi-utilities sector. Since 2013, he has served as CEO of Grupo Equatorial, a holding company operating in electricity distribution, sanitation, transmission, telecom, services, distributed generation, and renewable energy. He holds a degree in Electrical Engineering from the Federal University of Bahia, with a specialization in Maintenance Management promoted by Eletrobrás in partnership with PUC-RJ and the Federal Engineering School of Itajubá/MG, and an MBA in Energy Company Management from FGV/SP. Before joining CEMAR (now Equatorial Maranhão), he held various positions at COELBA in electric system management. He joined Grupo Equatorial in 2004 as Engineering Director at CEMAR, became Vice President of Operations in 2007, and assumed the role of CEO in 2010. In 2013, he became CEO of the entire Equatorial Group. He has led the planning, acquisition, and turnaround of companies across multiple sectors, with a strong focus on results, team building, conflict management, and deep knowledge of the multi-utilities market.

Mr. Oliveira holds a Law degree from the Catholic University of Pernambuco, a Master’s in Public Law from the Federal University of Pernambuco, and a Master’s in Regulatory Law from Fundação Getúlio Vargas (FGV), where he also earned an LLM in State Law and Regulation. Additionally, he completed executive education programs at Harvard Kennedy School in “Creating Collaborative Solutions: Innovations in Governance” and “Infrastructure in a Market Economy: Public-Private Partnerships in a Changing World.” Currently, Mr. Oliveira serves as Executive Secretary at the Secretariat for Environment, Infrastructure, and Logistics of the State of São Paulo. He was a member of the Fiscal Council at Nuclebrás (2021–2023) and Santos Port Authority (2022–2023), and served as Program Director at the Ministry of Mines and Energy, overseeing initiatives in the electricity, oil & gas, and mining sectors, including the capitalization of Eletrobras (2019–2023). He also held the position of Program Director for Investment Partnerships at the Presidency of the Republic, where he supported and structured projects in the electricity sector across generation, transmission, and distribution (2016–2019). From 2010 to 2016, Mr. Oliveira worked as a legal advisor at the Brazilian Development Bank (BNDES). He currently serves as a member of the Board of Directors of Sabesp (since 2023) and the Metropolitan Water and Energy Company (EMAE).

Ms. Bertocco holds degrees in Public Administration from Fundação Getúlio Vargas and Law from the Pontifical Catholic University of São Paulo. She also holds a postgraduate degree in Administrative Law from FGV Law School and completed the Diversity in Boardrooms Program at the Brazilian Institute of Corporate Governance (IBGC). She is currently Chair of the Board of Directors at Sabesp (since 2023) and coordinates both the Sustainability and Corporate Responsibility Committee and the Strategy and New Business Committee (since October 2024). She is a partner at Jive (formerly Mauá Capital) Investimentos (since 2020), an independent board member and Audit Committee Chair at Orizon Valorização de Resíduos (since 2020), and a board member at Vinci, a French infrastructure holding (since April 2025). Ms. Bertocco previously served as Advisor to the President of Sabesp (2003–2006), State Sanitation Coordinator (2007), Director of Institutional Relations at ARSESP (2008–2010), General Director of ARTESP (2011–2015), Deputy Secretary for Partnerships and Innovation (2015–2018), CEO of Sabesp (2018), and Director of Government and Infrastructure at BNDES (2019). She also served as an independent board member at Equatorial Energia (2022–2023) and at Companhia Riograndense de Saneamento – CORSAN (2020–2022), where she chaired the Innovation and Sustainability Committee.

Mr. Noel holds a bachelor’s degree in Economics. He is a partner at Opportunity, where he has served on the investment committee since 2020. Previously, he was a partner at Athena Capital from 2014 to 2020. He has been a member of the Board of Directors of Equatorial Energia since 2021, where he serves as coordinator of the Strategy and New Business Committee, and is also a member of the Strategy and Innovation Committee, the Operational Committee, and the Statutory Audit Committee. He served on the Board of Directors of Echoenergia Participações from 2022 to 2024.

Ms. Bertocco holds degrees in Public Administration from Fundação Getúlio Vargas and Law from the Pontifical Catholic University of São Paulo. She also holds a postgraduate degree in Administrative Law from FGV Law School and completed the Diversity in Boardrooms Program at the Brazilian Institute of Corporate Governance (IBGC). She is currently Chair of the Board of Directors at Sabesp (since 2023) and coordinates both the Sustainability and Corporate Responsibility Committee and the Strategy and New Business Committee (since October 2024). She is a partner at Jive (formerly Mauá Capital) Investimentos (since 2020), an independent board member and Audit Committee Chair at Orizon Valorização de Resíduos (since 2020), and a board member at Vinci, a French infrastructure holding (since April 2025). Ms. Bertocco previously served as Advisor to the President of Sabesp (2003–2006), State Sanitation Coordinator (2007), Director of Institutional Relations at ARSESP (2008–2010), General Director of ARTESP (2011–2015), Deputy Secretary for Partnerships and Innovation (2015–2018), CEO of Sabesp (2018), and Director of Government and Infrastructure at BNDES (2019). She also served as an independent board member at Equatorial Energia (2022–2023) and at Companhia Riograndense de Saneamento – CORSAN (2020–2022), where she chaired the Innovation and Sustainability Committee.

Mr. Noel holds a bachelor’s degree in Economics. He is a partner at Opportunity, where he has served on the investment committee since 2020. Previously, he was a partner at Athena Capital from 2014 to 2020. He has been a member of the Board of Directors of Equatorial Energia since 2021, where he serves as coordinator of the Strategy and New Business Committee, and is also a member of the Strategy and Innovation Committee, the Operational Committee, and the Statutory Audit Committee. He served on the Board of Directors of Echoenergia Participações from 2022 to 2024.

Mr. Tinn Amado holds a degree in Electrical Engineering from the Federal Engineering School of Itajubá and a master’s degree in Regulatory Economics and Competition Defense from the University of Brasília. He is currently Executive Director at Equatorial Energia. Mr. Amado served as CEO of Echoenergia from 2022 to 2024 and was Director of Regulation and New Business at Equatorial Energia from 2008 to 2022. He also serves as a board member of several subsidiaries and affiliates of Equatorial Energia.

Mr. Tinn Amado holds a degree in Electrical Engineering from the Federal Engineering School of Itajubá and a master’s degree in Regulatory Economics and Competition Defense from the University of Brasília. He is currently Executive Director at Equatorial Energia. Mr. Amado served as CEO of Echoenergia from 2022 to 2024 and was Director of Regulation and New Business at Equatorial Energia from 2008 to 2022. He also serves as a board member of several subsidiaries and affiliates of Equatorial Energia.

Ms. Polto da Cunha holds a Law degree and a Master’s degree from the University of São Paulo. She currently serves as State Attorney and Advisor to the Office of the State Attorney General (PGE), where she coordinates state-owned enterprises and is a board member of EMAE. She was Corporate Affairs Director at Companhia Paulista de Parcerias (2006–2016), Deputy State Attorney General (2020–2022), and has served on several boards of directors, including Sabesp (2014–2016 and 2020–2023), Companhia Paulista de Securitização (as Chairperson), São Paulo Metro, and EMTU. She is currently a board member at EMAE. Ms. Polto is certified by the Brazilian Institute of Corporate Governance (IBGC) and has extensive experience in infrastructure, regulated sectors, corporate governance, and public corporate law.

Mr. Gattass holds a degree in Economics from PUC-Rio. He currently serves on the Board of Directors of Sabesp, PRIO S.A., Serena Energia S.A., and Canacol Energy LTD. He was a board member of Copasa S.A. (2017–2023), BR Distribuidora (2015–2016), and an alternate board member at Petrobras S.A. (2015–2016) and Sanepar (2017). Mr. Gattass was Head of Equity Research at BTG Pactual from 2009 to 2015. From 1997 to 2015, he worked as an equity analyst covering the oil & gas, energy, and sanitation sectors at Icatu (1997–1998), UBS (1998–2009), and BTG Pactual (2009–2015).

Ms. Bertocco holds degrees in Public Administration from Fundação Getúlio Vargas and Law from the Pontifical Catholic University of São Paulo. She also holds a postgraduate degree in Administrative Law from FGV Law School and completed the Diversity in Boardrooms Program at the Brazilian Institute of Corporate Governance (IBGC). She is currently Chair of the Board of Directors at Sabesp (since 2023) and coordinates both the Sustainability and Corporate Responsibility Committee and the Strategy and New Business Committee (since October 2024). She is a partner at Jive (formerly Mauá Capital) Investimentos (since 2020), an independent board member and Audit Committee Chair at Orizon Valorização de Resíduos (since 2020), and a board member at Vinci, a French infrastructure holding (since April 2025). Ms. Bertocco previously served as Advisor to the President of Sabesp (2003–2006), State Sanitation Coordinator (2007), Director of Institutional Relations at ARSESP (2008–2010), General Director of ARTESP (2011–2015), Deputy Secretary for Partnerships and Innovation (2015–2018), CEO of Sabesp (2018), and Director of Government and Infrastructure at BNDES (2019). She also served as an independent board member at Equatorial Energia (2022–2023) and at Companhia Riograndense de Saneamento – CORSAN (2020–2022), where she chaired the Innovation and Sustainability Committee.