Board of Directors and Board of Executive Officers
According to our by-laws, our board of directors consists of at least 3 (three) and up to 12 (twelve) members. The directors meet ordinarily six times a year, and extraordinarily whenever required. The members of our board of directors are appointed at general shareholders’ meetings for a term of office of two years and are required to be our shareholders.
The board’s responsibilities include leading the corporate governance process, electing our executive officers and supervising our management. Currently our board of directors consists of 9 members elected by our shareholders.
We are managed by our board of directors (Conselho de Administração) and by our board of executive officers (Diretoria). None of our directors is party to an employment agreement providing for benefits upon termination of employment.
|Members of the Board of Directors||Title||Date of Election||End of Term of Office|
|Jean-Charles Naouri||President||04.27.2016||April 2020|
|He is a member of our Board of Directors since 2005. He is chairman and chief executive officer of the Casino Group, the chief executive officer of its parent company, Euris S.A.S., and chairman of the board of directors of Cnova. He also holds the following positions: chairman of the board of directors of Rallye S.A., member of the board of directors of F. Marc de Lacharrière FIMALAC S.A., vice-president of the Casino Group Corporate Foundation and president of the Euris Foundation. In June 2013, he was appointed by France’s Ministry of Foreign Affairs to serve as special representative for economic relations with Brazil. In the past five years, he served as chairman and chief executive officer (until 2013) and member of the supervisory board (until 2013) of Monoprix S.A., chief executive officer of Rallye S.A. (until 2013), chief executive officer of Finatis S.A. (until 2010), and member of the board of directors and audit committee of Natixis S.A. (until 2010). From 1982 to 1986, he served as chief of staf.|
|Arnaud Daniel Charles Walter Joachim Strasser||Co Vice-president||04.27.2016||April 2020|
|He is vice-chairman of our board of directors since 2012 and a member of our board of directors since 2010. He also has been a member of the board of directors of Cnova since 2014, of Éxito since 2010. Until 2014, he also served as a member of the board of directors of Big C Supercenter plc. He joined the Casino Group since 2007, where he currently serves as corporate development and equity interests officer. Until 2009, he was advisor to the chief executive officer on international development at the Casino Group. He also served as Vice President of the Boards of Directors of Via Varejo (2013-2019), on the cabinet of the Prime Minister of France in 2005, as mission head, and in the cabinet of Renaud Dutreil, France‘s Minister of Business and Commerce from 2005 to 2007 as a special advisor. He holds a bachelor’s degree from École Nationale d’Administration and master’s degrees from Hautes Études Commerciales and Institut d’Études Politiques de Paris.|
|Ronaldo Iabrudi dos Santos Pereira||Co Vice-president||04.27.2016||April 2020|
|Ronaldo Iabrudi was elected, on 27th April 2018, Co-Vice-President of the Board of Directors of GPA. He has been member of the Board since 2016. The executive is also Vice Chairman of the Board of Directors of CNova N.V, headquartered in Amsterdam, The Netherlands. From January 2014 to April 2018, Ronaldo was Chief Executive Officer of GPA. Previously, he was Chairman of the Boards of Directors of Via Varejo, Chairman of the Boards of Directors of Lupatech, Contax and Telemar, and member of the board of directors of Estácio, Magnesita, Cemar, Oi/Telemar, RM Engenharia and Ispamar. He was also CEO of Magnesita from 2007 to 2011 and from 1999 to 2006 he worked for Grupo Telemar, where he took several posts, including CEO of Telemar/Oi and Contax. From 1997 to 1999, Ronaldo Iabrudi was CEO of FCA (Ferrovia Centro-Atlântica) and from 1984 to 1997, as Chief Financial and Administrative Officer and Chief Human Resources Officer at Grupo Gerdau. Graduated in Psychology from PUC-MG (1979), with Master’s Degree in Organizational Development from Université Panthéon Sorbonne and Master’s Degree in Change Management from Université Paris Dauphine, Paris – France.|
|Franck-Philippe Georgin||Member||11.28.2019||April 2020|
|He holds a graduate degree from Institut D’études Politiques De Rennes and the École Nationale d’Administration. He is currently the General Secretary of Casino, Guichard-Perrachon SA. and director of Cnova NV.|
|Eleazar de Carvalho Filho||Independent Member||04.27.2016||April 2020|
|He is an independent member of our board of directors since 2012 and a member of board of directors of Cnova since October 2014. He is a founding partner at Virtus BR Partners, an independent advisory firm, and at Sinfonia Capital, and currently is Chairman of Oi S.A., serves on the board of directors of TechnipFMC plc and Brookfield Renewable Partners. Previously, he served as chief executive officer of Unibanco Banco de Investimentos and president of the Brazilian Development Bank (BNDES) and managing director of Banco UBS – Brasil. He served as the chairman of the board of directors of BHP Billiton Brazil and as a member of the boards of directors of Petrobras, Centrais Elétricas Brasileiras, Vale, Tele Norte Leste Participações, Alpargatas, and others. He also is president of the board of trustees of the Brazilian Symphony Orchestra Foundation. He holds a bachelor’s degree in economics from New York University and a master’s degree in international relations from Johns Hopkins University.|
|Hervé Daudin||Member||11.28.2019||April 2020|
|He holds a bachelor degree in Physical Sciences and a PhD in Economics from the École Normale Supérieure of Paris and an Engineer degree from the École Nationale des Ponts et Chaussées. He began his career as an economist and he was, for 7 years, a high ranking official in the Ministry of Economy in France. After holding the position of Director in Euris Group (parent company of Casino Group), he joined the Casino Group in 2003, where he held various executive positions in the areas of strategy, logistics and technology. He is currently a member of the Executive Committee and Executive Director of Merchadise, from the Agribusiness Division and from the Supply Chain, Logistics and IT of Casino Group. He is a member of the Board of Directors of Almacenes Éxito (Colombia), CDiscount (France), Distribution Casino France, European Marketing Distribution, Achats Marchandise Casino and Big C (Thailand). He was a member of the Board of Directors of Via Varejo (Brazil).|
|Luiz Augusto de Castro Neves||Independent Member||04.27.2016||April 2020|
|Mr. Luiz Augusto de Castro Neves has been an independent member of our board of directors since 2012. He is a career diplomat who joined Brazil’s diplomatic service in March 1967. He served as the Brazilian ambassador to Japan, Mongolia, the Democratic People’s Republic of Korea (2008-2010), China (2004-2008) and Paraguay (2000-2004). Mr. Castro Neves was also Deputy Secretary-General of Foreign Affairs, chairman of the board of directors of Itaipu Binacional, interim Minister of State and Head of the Secretariat of Strategic Affairs of the Presidency of Brazil. Mr. Castro Neves is a founding partner of CN Estudo e Projetos Ltda., Vice-President Emeritus of the Brazilian Center of Foreign Affairs, a member of the technical board of the National Trade Confederation and Chairman of the China-Brazil Business Council. Mr. Castro Neves graduated in Economics from the Federal University of Rio de Janeiro and Diplomacy from Instituto Rio Branco and holds a master’s degree in Economics from the University of London.|
|Luis Nelson Guedes de Carvalho||Independent Member||06.30.2017||April 2020|
|Luis Nelson Guedes de Carvalho holds a doctorate in Accounting & Controllership from the School of Economics, Business Administration and Accounting (FEA) at the University of São Paulo (USP), where he is as a professor. He is a specialist in Litigation involving Corporate Accounting, International Accounting, Risk Management and Audits. He is a member of the board of directors and audit committee of various publicly held corporations. He also is a member of the Accounting Pronouncement Committee (CPC). He was honored by the Regional Accounting Board of São Paulo (CRCSP) with the Hilário Franco Medal and by Fundação Escola de Comércio Álvares Penteado (FECAP) with the title of “Doctor Honoris Causa.” Previously he served as Chairman of the Advisory Board of the International Accounting Standards Board (IASB) (2005-2008), as Independent Auditor (1965-1990) and as Executive Director of the Securities and Exchange Commission of Brazil (CVM) (1990-1991) and of the Central Bank of Brazil (1991-1993).|
|Philippe Alarcon||Member||11.28.2019||April 2020|
He has been Casino Group’s International Coordinating Director since 2011 and has held various positions in Casino Group since joining the Group in 1983. After holding the position of administrator in Casino Group’s Finance Department, he held various positions as Chief Financial Officer in various subsidiaries of the Group, including industrial subsidiaries, supermarkets and restaurants. He began his international career in Poland, where he held the position of Chief Financial Officer of Casino Poland for 8 years, and then held the position of CEO of Real Estate. In 2015, he returned to France to hold the position of general manager of the Casino Group real estate business until 2011, when he became the Group’s International Director. He has also been a member of the board of directors of Éxito Group since 2012, member of the Green Yellow Supervisory Committee and CEO of Mayland Real State in Poland.
Comprised of market professionals and has the job of following the directives established by the Board of Directors related to business management.
|Members of the Executive Board||Title|
|Peter Paul Lorenço Estermann||Chief Executive Officer|
|Mr. Peter Estermann has been the Chief Executive Officer of GPA since April 2018. He held the position of Vice-President of Infrastructure and Strategic Development in GPA from June 2014 to October 2015. Mr. Peter has built his career in different business segments, both in industry and services, and in large companies, leaders in their areas of activity, differentiated in terms of technology, management models and culture. Previously, he held the following executive positions: Chief Executive Officer of Via Varejo S.A. (2015-2018, 2018-2019), Vice-President and Chief Operating Officer of TENCO Shopping Centers (2014); Executive Officer of Global Operations of Magnesita Refractarios S.A. from 2012 to 2013; Chief Executive Officer at LWB Refractories – Germany, subsidiary of Magnesita Refractarios S.A. for operations in Europe, from 2008 to 2011; Executive Director of Operations at Medial Saúde, one of the largest health insurance companies in Brazil, from 2006 to 2007, during its initial public offering in the Novo Mercado segment of the BM&FBOVESPA, in which actively participated; Executive Director of Organizational Development from 2005 to 2006 and President for the North and Northeast regions of Telemar Norte Leste S.A. from 2001 to 2004; Executive Director of Operations and Vice-President at Satipel Minas Industrial Ltda. from 1999 to 2001. In Aracruz Celulose S.A, he held the position of Chairman of the Board of Directors and General Director of Tecflor Ind. S.A. from 1997 to 1998; General Director of the Forestry Division of Aracruz Celulose SA from 1996 to 1997. Mr. Peter also held the position of Chief Operating Officer of the Petropar Group from 1989 to 1995; Chief Operating Officer of Destilaria Brasilândia S.A. from 1987 to 1988; and General Manager of Agropecuária Mogno S.A. from 1981 to 1986. Mr. Estermann also served as a member of the Board of Directors of Tecflor Industrial S.A. from 1997 to 1998, Planalto Transportes Ltda. from 2007 to 2008 and Odontosystem Ltda. in 2008; as Chairman of the Board of Directors of Sinterco S.A. from 2008 to 2013. Mr. Estermann holds a bachelor’s degree in agricultural engineering from Universidade Federal de Minas Gerais – Lavras and a graduate degree from Harvard Business School (“Making Corporate Boards more Effective” – 2008, “Audit Committees in a New Era of Governance” – 2008 and “Program for Management Development/PMD” – 1999).|
|Cristophe José Hidalgo||Chief Financial Officer|
|Mr. Christophe José Hidalgo has been our chief financial officer and corporate services officer since 2012. He joined the Casino Group in 2000, where he has held several positions in finance and controllership, including chief financial officer of Éxito from 2010 to 2012. From 1996 to 2000, Mr. Hidalgo was the chief financial officer of Castorama. Mr. Hidalgo holds a bachelor’s degree in law and a master’s degree in finance and accounting from Université de Bordeaux.|
|Belmiro de Figueiredo Gomes||Officer of Cash and Carry Business|
|Mr. Belmiro de Figueiredo Gomes has been our officer of cash and carry business since 2012. Mr. Gomes joined the Company in 2010, having earlier held the position of commercial director. Previously, he worked in several areas of the Atacadão chain for 22 years. In 2007, he coordinated the sale process of the Atacadão chain to the Carrefour Group, subsequently serving as an executive director responsible for the commercial, logistics, marketing and business strategy areas.|
|Isabella Cadenassi||Investor Relations Director|
|Mrs. Isabela Cadenassi is the Company’s Investor Relations Officer since October/2019. She has been in Grupo Pão de Açúcar since 2011 in Investor Relations (IR) department. Prior to joining the Company, she worked in the IR departments of Itaú Unibanco and Votorantim Celulose & Papel, and Audit Services in PricewaterhouseCoopers (PwC). She holds a bachelor’s degree in Business Administration from the Universidade Federal do Paraná, a graduate degree from the University of California (UCSB) and a MBA from Insper.|