Management

According to our by-laws, our board of directors consists of at least 7 (seven) and up to 9 (nine) 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.

Board Members	Title	Date of Election	End of Term of Office
Ronaldo Iabrudi dos Santos Pereira	President	05.05.2025	AGM 2027
Ronaldo Iabrudi was elected, on 04/27/2018, Co-Vice-President of the Board of Directors of GPA, where he remained until October 2022. The executive also held the position of Vice-President of the Board of Directors of Cdiscount, based in Amsterdam, Netherlands. Between January 2014 and April 2018, he was CEO of GPA. Previously, he served as Chairman of the Board of Directors of Via Varejo, Chairman of the Boards of Directors of Lupatech, Contax and Telemar, and member of the Board of Estácio, Magnesita, Cemar, Oi/Telemar, RM Engenharia and Ispamar. He was CEO of Magnesita from 2007 to 2011 and, from 1999 to 2006, he worked for the Telemar Group, where he assumed several roles, including CEO of Telemar/Oi and Contax. From 1997 to 1999, Ronaldo Iabrudi served as CEO of FCA (Ferrovia Centro Atlântica) and, from 1984 to 1997, as Financial and Administrative Director and Human Resources Director at the Gerdau Group. Graduated in Psychology from PUC-MG (1979), he has a Master’s degree in Organizational Development from Université Panthéon Sorbonne and a Master’s degree in Change Management from Université Paris Dauphine, Paris – France.
Christophe José Hidalgo	Vice President	05.05.2025	AGM 2027
Mr. Christophe Hidalgo is member of the Board of Directors of GPA, elected on December 28, 2020, integrating the Audit, Finance and Innovation and Digital Transformation Committees. He is also member of the Board of Directors of Assaí Atacadista, elected on December 31, 2020, in which he also integrates the Strategic and Investment, Financial, People and Culture, and Sustainability Committees. At GPA, he held the positions of Interim Chief Executive Officer from November 2020 to March 2021, responsible for conducting the spin-off process between GPA and Assaí Atacadista, and Vice President of Finance from April 2012 to April 2021. Worked as CFO (Chief Financial Officer) of Grupo Êxito (Colombia), a subsidiary of Grupo Casino, from 2010 to 2012, and is currently a member of its Board of Directors. After joining Casino in 2000, he held several positions in finance and controllership in the Group. As previous experience in Brazil, he worked as CFO of the retailer Castorama, between 1996 and 2000. Christophe is French, with bachelor’s degree in private law and a degree in finance and accounting, both at the University of Bordeaux (France).
Marcelo Ribeiro Pimentel	Member	05.05.2025	AGM 2027
Marcelo Pimentel is a dynamic executive with over than twenty years of retail operations experience with a track record of delivering results across a diverse group of countries and cultures. Understands how to work in both strategic and tactical environment and know how to build and lead teams focused on the customer. He has held the position of CEO of GPA since 2022. Before, he was the CEO, from 2019 to 2022, and COO, from 2017 to 2019, of Lojas Marisa. From 2015 to 2017, he was the COO of Drogarias Pacheco and, before that, he worked in senior executive positions for Walmart Group in United Kingdom and Brazil for over 10 years.
Helene Esther Bitton	Member	05.05.2025	AGM 2027
She has been part of the Casino Group since 2017. She served as General Manager of ExtenC, then as Chairman from October 2022 to December 2023. She has been Director of M&A and a member of the Executive Committee of the Casino Group since March 2023. Before joining the Casino Group, Ms. Helen Bitton was an attorney at the law firm Cleary Gottlieb Steen & Hamilton LLP between 2009 and 2017. She holds a Master’s degree in Law from Sorbonne University and an MBA from ESSEC – École Supérieure des Sciences Économiques et Commerciales.
Líbano Miranda Barroso	Independent Member	05.05.2025	AGM 2027
Mr. Libano Miranda Barroso has over 35 years of experience in the financial and corporate sectors, including the first 15 years at banks such as Real, Nacional, and Safra. He subsequently held executive roles at companies such as CCR, TAM/LATAM, GPA, Via Varejo, Casas Bahia, and RODOBENS, serving as CFO and CEO. He has also been a member of the Board of Directors at GPA, GNDI Intermédica, Ri Happy, Yduqs, and Via Varejo. He holds a degree in Economics from UFMG – Federal University of Minas Gerais, as well as postgraduate degrees: an Executive MBA in Finance from IBMEC – Brazilian Institute of Capital Markets, and a postgraduate degree in Business Law from FGV – Getulio Vargas Foundation.
Sebástian Dario Los	Independent Member	05.05.2025	AGM 2027
Mr. Sebastián Los is an executive with over 25 years of experience in the Brazilian and international retail sectors. He holds a degree in Accounting from the University of Buenos Aires. He currently serves as an advisor for the Latin American market at Volis.Ai. He spent approximately 25 years at Cencosud, where he served as CFO from 2013 to 2018 and as CEO from 2018 to 2024. Prior to joining Cencosud, he worked at Walmart Argentina and The Home Depot Argentina.
Rafael Ferri	Independent Member	05.05.2025	AGM 2027
Rafael Ferri is an entrepreneur and investor with 28 years of experience in the financial market. He began his career in 1997 as a trainee at Banco ABN AMRO and later spent over six years at Itaú Unibanco, where he advanced from assistant to regional manager of private banking. He holds a degree in Business Administration from PUC-RS and a specialization in Capital Markets from UFRGS. In 2006, he founded TBCS Investimentos and later Startups BR, focused on innovative businesses. He co-founded TC Investimentos in 2016, a company that quickly stood out in the financial market and went public in 2021. After his departure in 2023, he launched GTF Capital, an investment advisory firm, and The Link, a platform dedicated to financial education and networking.
André Luiz Coelho Diniz	Independent Member	05.05.2025	AGM 2027
André Luiz Coelho Diniz is an entrepreneur and investor with 35 years of experience in the retail sector. He is the founder of Supermercado Coelho Diniz, Haf Distribuidor, and Haf Empreendimentos — companies that are leaders in their respective markets.
Edison Ticle de Andrade de Melo e Souza Filho	Independent Member	05.05.2025	AGM 2027
Edison Ticle de Andrade Melo e Souza Filho holds a degree in Business Administration from Fundação Getulio Vargas (FGV) and studied Economics at the University of São Paulo (USP). He also holds a Master’s degree in Economics from FGV, an MBA in Business Economics from USP, and completed the Advanced Management Program (AMP 2022) at Harvard Business School. Mr. Edison began his career in 1999 at BTG Pactual. He also worked as a Senior Portfolio Manager at Constellation Asset Management and at Black River Investment Management (a Cargill subsidiary). In 2007, he joined Banco Safra, where he served as Chief Treasurer and Head of Proprietary Trading. In February 2009, Edison Ticle joined Minerva, and since April 2010, he has served as Chief Financial Officer and Investor Relations Officer. Mr. Ticle is a member of the Board of Directors and Chair of the Audit Committee at Azzas 2154 S.A., as well as an independent board member at TC Traders Club S.A. He previously served as a member of the Board of Directors and Chair of the Statutory Audit Committee at Aeris.

Board of Statutory Executive Officers	Title	Date of Election	End of Term of Office
Marcelo Pimentel	Chief Executive Officer	05.05.2023	AGM 2025
Marcelo Pimentel is a dynamic executive with over twenty years of retail operations experience with a track record of delivering results across a diverse group of countries and cultures. Understands how to work in both strategic and tactical environments and knows how to build and lead teams focused on the customer. He has held the position of CEO of GPA since 2022. Before, he was the CEO (2019–2022) and COO (2017–2019) of Lojas Marisa. From 2015 to 2017, he was COO of Drogarias Pacheco, and before that, he held senior executive positions at Walmart Group in the United Kingdom and Brazil for over 10 years.
Rafael Sirotsky Russowsky	Vice President of Finance and Investor Relations	07.27.2023	AGM 2025
Mr. Rafael Russowsky is the CFO of GPA and previously served for more than 10 years as corporate development and participations director of Casino Groupe. He has more than 15 years of experience in the financial sector, having worked at Banco Safra (1998–2002) as Regional Manager for Prepayment of Receivables, and at HSBC (2002–2004) focusing on credit analysis and receivables. From 2004 to 2012, he worked in investment banking (M&A and capital markets) at Oppenheimer & Co (New York), Morgan Stanley (São Paulo), and Credit Suisse (São Paulo). He also has experience in risk management and operations across sectors such as healthcare, sugar-alcohol, and infrastructure. He holds a bachelor’s degree in business administration from PUC-RS and an MBA from Columbia Business School (New York).
Fréderic Garcia	Business Director	05.05.2023	AGM 2025
Mr. Fréderic Garcia is currently the Company’s Business Director. He has been with Grupo Pão de Açúcar since 2014. Before joining the Company, he worked for 21 years at Carrefour in various countries—Argentina, Brazil, Portugal, and France—serving as Commercial Director at Carrefour Brazil from 2011 to 2014. He holds a degree in Economic and Social Sciences (Lycée Charles le Chauve, France, 1989), a postgraduate diploma in Business Administration and International Trade (Institut Européen des Affaires, Paris, 1993), and a Master Pro-Varejo from the University of São Paulo (2000).
Joaquim Sousa	Commercial Director	05.05.2023	AGM 2025
Mr. Joaquim Alexandre Fernandes Sousa is currently the Company’s Commercial Director. He has worked at Grupo Pão de Açúcar since June 2022. Prior to that, he was a perishables manager at Wal-Mart (1995–1999), and then worked for 13 years at Carrefour in various roles, including supply, merchandising operations, and as Executive Commercial Director (2006–2022). Between 2011 and 2014, he served as CEO of the MV Group. He holds a specialization in Retail from FGV.

According to the Company’s Bylaws, the Fiscal Council is a non-permanent body and, when established, must be composed of 3 regular members and an equal number of alternates. The Council shall only be established upon request by the Company’s shareholders. At the Annual General Meeting held on April 28, 2025, the establishment of the Fiscal Council was approved.

Board Members	Title	Date of Election	End of Term of Office
Tufi Daher Filho	President	04.28.2025	AGM 2026
Mr. Tufi is the owner of TDF Consultoria Empresarial Ltda., a partner of The Empreendimentos e Construtora Ltda., and the owner of the Loungerie, Osklen, and Richards franchises in Uberlândia (MG). Over the past 5 years, he has served as a Counselor for Companhia Paulista de Trens Metropolitanos (CPTM), Technical Counselor for Hidrovias do Brasil S.A., Executive Director for the Company, Director for Cia. Metalic Nordeste, President of the Board of Directors for MRS Logística S.A., and Counselor for the National Association of Railway Transporters (ANTF). He holds a degree in Civil Engineering from the Catholic University of Minas Gerais, participated in a professional training course offered by the Japan International Cooperation Agency on Transport Planning, in addition to having an MBA in Business Administration from Fundação Dom Cabral, and took part in the Advanced Management Program in partnership with INSEAD, in France.
Marcílio Amato Vaz de Melo	Member	04.28.2025	AGM 2026
Mr. Marcílio holds a bachelor’s degree in Business Administration and in Accounting from Centro Universitário Newton Paiva, where he also completed his postgraduate studies in Advanced Accounting and in Higher Education Pedagogical Practice. Mr. Marcílio worked as an accounting analyst at Consentino & Noronha Auditoria until 1982, after which he worked as an independent accounting consultant, specializing in the preparation and review of financial reports. Currently, Mr. Marcílio works as an accounting specialist at Amato Serviços Contábeis, providing accounting and tax advisory services, assisting in the review of financial reports, and preparing valuation studies.
André Francez Nassar	Member	04.28.2025	AGM 2026
André Francez Nassar holds a degree in Business Administration from FGV, with extensive experience in companies dedicated to the food retail sector. He played a crucial role in positioning the Mambo brand as premium and expanding its store network. Additionally, he was instrumental in the launch, development, and eventual sale of Giga Atacado to Cencosud, in a transaction that valued the company at R$ 500 million.
David Rosa Alegre	Alternate	04.28.2025	AGM 2026
Mr. Davi R. Alegre has over 20 years of experience in financial positions, currently serving as Corporate Finance Director at Grupo Eletrobrás S.A., a position he has held since July 2023. Between August 2019 and December 2022, he also worked at Via Varejo (now known as Grupo Casas Bahia S.A.) as Administrative-Financial Director, and between April 2019 and August 2019, he worked as Senior Treasury Director. He holds a degree in Economics from PUC/SP (2002), an MBA in Business Economics and Finance from USP/Fipe (2005), participated in the Executive Development Program at Fundação Dom Cabral in 2017, and completed the Board Member Training (CNP) at Board Academy (2022-2023).
Antônio Sérgio Salvador dos Santos	Alternate	04.28.2025	AGM 2026
Antônio Sérgio Salvador dos Santos served as Vice President of Human Resources and Management at Grupo Pão de Açúcar from 2013 to 2019. He was Vice President of Human Resources for Hewlett-Packard in Brazil from 2010 to 2013. Prior to that, he was Executive Director of Human Resources at PricewaterhouseCoopers Brazil from 2007 to 2010, Managing Partner at IBM Global Business Services from 2003 to 2007 in Brazil and the United States, Executive Director at Promon Tecnologia from 2001 to 2003, Senior Manager at PricewaterhouseCoopers Brazil from 1997 to 2001, and Manager of Brahma’s corporate university from 1994 to 1997. He holds a degree in Social Communication from Universidade Gama Filho and an Executive MBA from Fundação Cândido Mendes. Additionally, he participated in business administration programs at Fundação Getulio Vargas (FGV), INSEAD, and Harvard Business School.
Diego Xavier Mendes	Alternate	04.28.2025	AGM 2026
Diego Mendes is an entrepreneur with extensive experience in outsourcing and large-scale labor management. In addition to his business activities, he invests in electricity generation (small hydroelectric plants – PCHs) and the real estate sector.