Management

Board of Directors

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.

Board Members Title Date of Election End of Term of Office
Renan Bergmann President and Independent Member 01.11.2024 AGM 2026
Mr. Renan Bergmann holds a Bachelor’s degree in Chemical Engineering from the Federal University of Rio Grande do Sul, with a Master’s degree in Nuclear Chemical Engineering from the Federal University of Rio de Janeiro – COPPE.
Completed the program Executive at the John E. Anderson Graduates School of Management and the Executive Program “Making Corporate Board More Effective” at the Harvard Business School, specializing in corporate governance, compliance and people strategy. He is a member of the Board of Directors of Fogo de Chão, with activities focused on food security and food support for the families of employees affected by the reduction in their source of income during the pandemic, food and family well-being, guaranteed basic remuneration / information security /cyber security. Also Member of the Board of Directors of Paragon, a company active in the plastic film sector, focused on a more economical production process from the point of view of the use of resources. Senior Advisor to the Rhone Group. He was a member of the Board of Directors of SLC Participações and FCC Campo Bom, with a focus on the agribusiness sector, of CCR – a company operating in infrastructure and highway concessions, and of Ranpak -=– a company that produces eco packaging -friendly.
Christophe Jose Hidalgo Member 01.11.2024 AGM 2026
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).
Philippe Alarcon Member 01.11.2024 AGM 2026
He was a member of the Company’s board of directors from 2019 to February 2021 and a member of the Board of Directors of Assaí in 2021 and 2022. The executive has been director of international coordination at the Casino Group since 2011 and has held various positions in the group’s companies since joining at the Casino Group in 1983. After holding the position of administrator in the Finance Department of the Casino Group, he held various positions as Financial Director in several subsidiaries of the Casino Group, including industrial subsidiaries, supermarkets and restaurants. He began his international career in Poland, where he held the position of Financial Director at Casino Poland for 8 years, and after that, he held the position of CEO of real estate business. In 2005, he returned to France to occupy the position of general administrator of the Casino Group’s real estate business, until 2011, when he became International Director of the Casino Group, a position he held until January 2021. He is also a member of the Board of Directors of the Éxito Group since 2012, member of the Green Yellow Supervisory Committee and CEO of Mayland Real State in Poland. Currently, Mr. Philippe Alarcon does not hold any other positions in the Casino Group besides his position in the Company and the positions mentioned above.
Marcelo Pimentel Member 01.11.2024 AGM 2026
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.
Eleazar de Carvalho Filho Independent Member 01.11.2024 AGM 2026
Mr. Eleazar de Carvalho Filho has been an independent member of the Company’s board of directors since 2012, a member of the Financial Committee and the Company’s Management, People and Sustainability Committee. He was also a member of the board of directors of Cnova from October 2014 to November 2023. Founding partner of Virtus BR Partners – an independent financial consultancy company. Currently, Mr. Carvalho Filho is also a member of the Board of Directors and Audit Committee of TechnipFMC, operating in fossil fuels and of Brookfield Renewable Corporation, focused on a business model in transition energy, a market-leading technology company , offshore wind, green hydrogen, working on risk management. Previously, he was CEO of Unibanco Banco de Investimentos, president of BNDES and superintendent director of Banco UBS – Brasil. Mr. Eleazar de Carvalho Filho was Chairman of BHP Billiton Brasil and Member of the Board of Directors of Petrobras, Centrais Elétricas Brasileiras, Vale, Tele Norte Leste Participações, Alpargatas, among others. He serves pro Bono as president of the board of trustees of the Fundação Orquestra Sinfônica Brasileira. Mr. Eleazar de Carvalho Filho holds a bachelor’s degree in economics from New York University, and a master’s degree in international relations from Johns Hopkins University.
Márcia Nogueira de Mello Independent Member 01.11.2024 AGM 2026
Marcia Nogueira de Mello has experience as a management and consultancy advisor for Brazilian and foreign companies, and is currently on the board of Banco Internacional del Perú SAA Interbank and PagSeguro Digital Ltd., among other companies. Previously, she was Commercial Director of Cielo SA, Executive Director and Director of Global Payments South America Brasil-Serviços de Pagos SA and Commercial Director of MNLT SA. She has a degree from Universidade Presbiteriana Mackenzie in computer science.
Ronaldo Iabrudi dos Santos Pereira Independent Member 05.10.2024 AGM 2026
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.
Rachel de Oliveira Maia Independent Member 01.11.2024 AGM 2026
Independent member of Vale’s Board of Directors (since May/2021), Coordinator of the Sustainability Committee (since May/2023) and Member of the Audit and Risk Committee (since December/2022). Main experiences in the last 5 years: (i) Member of the Sustainability Committee (May/2021 to April/2023) and Member of the Vale’s Audit Committee (May/2022 to December/2022); (ii) Founder of the non-profit organization CAPACITA-ME (since December/2018); (iii) Founder and CEO of RM Consulting, focus on ESG and Leadership (since April/2018); (iv) Independent Member of the Board of Directors of Banco do Brasil (May/2021 to April/2023); (v) Independent member of the Board of Directors of CVC Corp (since March/2021); (vi) Independent member of the Board of Directors of Grupo Soma (December/2020 to May/2022); (vii) Diversity and Inclusion Advisor at Carrefour (November/2020 to November/2021); (viii) Member of the Women of Brazil Group (since 2020); (ix) Member of the Economic and Social Committee of the Development Council (since 2018); (x) Administrative consultant at SumUp (December/2020 to December/2021); (xi) President of the UNICEF Advisory Board (October/2019 to September/2021); (xii) Member of the General Council of the Danish Consulate (April/2014 to November/2020); (xiii) Member of the Danish Chamber of Commerce (April/2014 to November/2020); (xiv) CEO of Lacoste S.A. (Brazil) (October/2018 to September/2020); (xv) Member of the President’s Committee of the American Chamber of Commerce (Amcham) (April/2016 to October/2019); (xvi) Member of the Institute for Retail Development (2016 to 2018); (xvii) CEO of Pandora Brasil (April/2010 to April/2018); and (xviii) Member of the Americas Council of the Executive Leadership Group (ELG) (January/2013 to March/2018). Education: Degree in Accounting from Centro Universitário FMU in 1996; MBA from Fundação Getúlio Vargas – FGV in 2018; Sant’ Paul SEER: Advanced Program for CEOs, Advisors and Presidents in 2021; Harvard Business School Executive Education Negotiation & Leadership (held in 2014); FIA – Fundação Instituto de Administração Master of Business Administration, Finance Executive (between 2006 and 2007); University of Victoria English Language and Leadership Program, General Management (between 2000 and 2001).
José Gutierrez Independent Member 01.11.2024 AGM 2026
Mr. José Luiz has more than 20 years of experience in the food retail sector, with experience at Carrefour Spain from 1999 to 2004, Carrefour Portugal from 2005 to 2007, Carrefour Spain from 2008 to 2014, where he was promoted to CEO in 2011, Carrefour Brasil from 2015 to 2019 and Carrefour Milan from 2019 to 2020. During his period at Carrefour Brasil, he was in charge of running the company’s turnaround process. Currently, Mr. José Luiz works as an independent business consultant, specialist, among other subjects, in managing economic crisis situations, turnaround processes, transformation of business models and commerce activities and digital solutions
Board of Statutory Executive Officers
Board of Statutory Executive Officers Title
Marcelo Pimentel Chief Executive Officer
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.
Rafael Sirotsky Russowsky Vice President of Finance and Investor Relations
Mr. Rafael Russowsky is the CFO of GPA and previously served more than 10 years as corporate development and participations director of Casino Groupe. Has more than 15 years of experience in the financial sector, having worked from 1998 to 2002 at Banco Safra, as Regional Manager for Prepayment of Receivables. At HSBC, from 2002 to 2004, also focusing on credit analysis and prepayment of receivables. From 2004 to 2012, he worked in investment banking, specializing in M&A and capital market transactions, at Oppenheimer & Co (New York), Morgan Stanley (São Paulo) and Credit Suisse (São Paulo).
The director has experience in the area of ​​risk management, especially with regard to credit and bank loan operations in general. He has worked in operations in various business sectors, such as managing health plans, the sugar-alcohol industry and infrastructure. Rafael holds a bachelor’s degree in business administration from the Pontifical Catholic University of Rio Grande do Sul and an MBA from Columbia Business School in New York, focusing on Economics, Finance and Accounting.
Fréderic Garcia Business Director
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 several countries, such as Argentina, Brazil, Portugal and France, being Commercial Director at Carrefour Brazil, between 2011 and 2014 (1993 – 2014). Bachelor of Economic and Social Sciences at Lycée Charles le Chauve (Roissy en Brie/France 1989), postgraduate in Business Administration specializing in International Trade at the Institut Européen des Affaires, Paris (1993), and Master Pro-Varejo at the University of São Paulo (2000).
Joaquim Sousa Commercial Director
Mr. Joaquim Alexandre Fernandes Sousa is currently the Company’s Commercial Director. He has been working in Grupo Pão de Açúcar since June 2022. Before joining the Company, he worked at Wal-Mart as a perishables manager (1995-1999) and later also at Carrefour, where he stayed for 13 years and held directorships, passing through the areas of supply, merchandising operations and reaching the executive commercial director (2006-2022). During this period, between 2011 and 2014, he was CEO of the MV Group. About his education background, he has a specialization in Retail from FGV.
Fiscal Council

According to the Company’s Bylaws, the Fiscal Council is a non-permanent body and, when installed, must be composed of 3 sitting members and an equal number of alternates. The Board will only be installed upon the request of the Company’s shareholders.

Audit Committee

The statutory audit committee holds meetings at least once every three months and its main duties, according to its internal rules, are: to analyze and monitor the quality and integrity of our quarterly information, financial statements and management report, to evaluate the effectiveness and sufficiency of our internal control structure and internal and independent audit processes, to evaluate and monitor, jointly with our management and internal audit systems, to evaluate and monitor, together with our management and internal audit systems, the adequacy of the policies of the Company, including the policy of related party transactions, to evaluate and monitor our exposure to risk, to propose the appointment of independent auditors as well as their replacement, and to prepare the annual report, to be presented jointly with the financial statements, including, at least, the following information: (i) activities carried out in the period, the results and conclusions reached; (ii) evaluation of the effectiveness of the internal control and risk management systems; (iii) description of the recommendations presented to our management and evidence of their implementation; (iv) evaluation of the effectiveness of the independent and internal audits; (v) evaluation of the quality of the financial, internal control and risk management reports; and (vi) any situations in which there is any significant divergence between our management, the independent auditors and the committee in relation to our financial statements. The Internal Regulations of the Audit Committee is available on the Company’s Investor Relations website. Reports directly to this Committee and to the Company’s CEO, the Risk, Internal Audit, Internal Controls, Compliance, Corporate Investigation and Ombudsman Department, whose main position is currently occupied by Camila Silvestre.

Financial Committee

The financial committee holds meetings at least once every three months and has the following duties: (i) suggesting amendments to the committee’s internal regulation, submitting them to the board of directors’ consideration; (ii) recommending and following up the adoption of the best economic and financial standards and the process of implementation and maintenance of such standards in the Company, suggesting to the board of directors changes, updates and improvements thereto; (iii) analyzing and reviewing our budget, as well as following up and monitoring the implementation and enforcement thereof; (iv) analyzing and reviewing the economic and financial feasibility of our investment plans and programs, as well as following up and monitoring the implementation thereof; (v) analyzing, reviewing, and recommending measures and actions for the negotiations of any intra-company loans, merger and acquisition, or any other similar transaction involving the Company or any of its controlled companies; (vi) following up any of the operations and negotiations mentioned in item (v) above; (vii) analyzing and reviewing the economic and financial indicators, our cash flow and debt policy, for the purpose of suggesting changes and adjustments whenever it may deem necessary; (viii) following up and monitoring our average capital structure cost and suggest modifications thereto, whenever it may deem it necessary, as well as evaluating and discussing new funding alternatives for the Company; (ix) reviewing and recommending opportunities connected to financing transactions that may improve our capital structure, as well as for analyzing and discussing the working capital needs and its impact on our capital structure; (x) assisting both the board of directors and the board of executive officers in analyzing the Brazilian and world economic situations and their potential effects on our financial position, as well as the development of scenarios and trends, evaluating opportunities and risks and defining strategies to be adopted by us as regards its financial policy; (xi) monitoring the trading patterns of our securities in both the Brazilian and American markets, as well as the opinions of top investment analysts, recommending measures able to contribute in maintaining a healthy and liquid secondary market; and (xii) performing other duties as may be specified by the board of directors. The current members are: Eleazar de Carvalho Filho (President) Christophe Hidalgo, José Gutierrez, Philippe Alarcon, Márcia Mello. Members of this committee are: Eleazar de Carvalho Filho (President), Christophe Hidalgo, José Gutierrez, Philippe Alarcon, Márcia Mello. The Financial Committee’s Internal Regulations is available on the Company’s Investor Relations website.

Enviromental, Social and Corporate Governance Sustainability Committee

The environmental, social and corporate governance sustainability (ESG) committee holds meetings at least once every three months and has the following duties: (i) suggesting amendments to the committee’s internal regulation, submitting them to the board of directors’ consideration; (ii) discussing and recommending an organizational structure model for the Company, to be submitted to the board of directors’ consideration; (iii) evaluating and recommending to the board of directors policies on management and development of people, as well as guidelines for attracting and retaining talents; (iv) identifying, both in the Company and in its subsidiaries, potential future leaders and follow up the development of their corresponding careers (v) reviewing and discussing the recruitment and hiring methods adopted by us, by taking those used by similar Brazilian companies as a parameter; (vi) examining the candidates to be elected to the board of directors and to the committees, including external members, based on professional experience, technical qualifications, as well as economic, social and cultural representativeness; (vii) examining and recommending to the board of directors the selected candidates for the position of chief executive officer of the Company, as well as the candidates selected by the chief executive officer to hold a position in our board of executive officers; (viii) reviewing and discussing the compensation policy applicable to our management, recommending to the board of directors the criteria of compensation, benefits and other programs, including the stock option program; (ix) reporting periodically to the board of directors its assessment of the applicability and effectiveness of compensation policies adopted by us, in order to assess the effectiveness of these policies in rewarding performance and discriminate against non-satisfactory performance, according to metrics aligned to our strategic goals, as well as to attract and retain talent; (x) discussing and suggesting criteria to annually evaluate the performance of our executive officers, by taking those used by similar Brazilian companies as a parameter, as well as supporting our board of directors in the evaluation process, manifesting its recommendations to the individual assessments of our board of directors; (xi) recommending and monitoring the adoption of the best corporate governance practices, as well as coordinating the process of implementing and maintaining such practices in the Company, as well as the effectiveness of the corporate governance processes, proposing changes, updates and improvements when necessary; (xii) draft and periodically submit to the board of directors a review of the Company’s hiring policy with its related parties, as well as all other policies necessary for the adoption, by the Company, of the best management and corporate governance practices; (xiii) guiding and ensuring the adoption of the best corporate governance practices in our business, promoting discussions on sustainable development policies and initiatives and themes that are deemed important to members of our board of directors and executive officers; (xiv) monitoring key indicators and implementation of  policies relating to environmental, social and governance matters; among others. Members of this committee are: Eleazar de Carvalho Filho (President), Rachel Maia, Marcelo Pimentel and Ronaldo Iabrudi Pereira dos Santos. The Internal Regulations of the Management, People and Sustainability Committee is available on the Company’s Investor Relations website.

Strategy Committee

The strategic committee, aside from ensuring our interests, in the scope of its functions, has the following attributions: (i) suggest changes in its regulation, submitting it to the board of directors for resolution; (ii) recommend and monitor the adoption of best practices of innovation, as well as coordinating the implementation process and maintenance of such practices, as well as the effectiveness of innovation processes, proposing changes, updates and improvements when necessary; (iii) prepare or review periodically, as the case may be, any documents related to innovation of our business, elaborating recommendations for changes, criticisms and suggestions that it deems to be necessary to the board of directors, in order to keep them constantly updated with respect to our innovation practices; (iv) assist the board of directors in the analysis of technological trends and innovations, as well as evaluate our projects, initiatives and investment proposals from the perspective of innovation; (v) opine on any other matters submitted by the board of directors to it, as well as on those that it considers relevant.  The members of this committee are: Marcelo Pimentel (Coordinator), Philippe Alarcon, José Gutierrez, Márcia N. Mello. The Internal Regulations of the Strategy Committee is available on the Company’s Investor Relations website.