SulAmérica
SulAmérica
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    Fundamentos e Planilhas

    Board of Directors

    Contact the Board of Directors

    The Board of Directors is a decision-making body responsible for establishing SulAmérica‘s main guidelines, the corporate strategy and general business policy. Among other duties, the Board of Directors is also responsible for approving the annual budget, the business plan and certain corporate operations, in addition to electing and monitoring the activities of SulAmérica‘s executive officers. According to the Brazilian Corporation Law, each member of the Board of Directors shall hold at least one share of the Company, being allowed to reside abroad and elected at Annual General Meeting.

    SulAmérica‘s Board of Directors is composed of ten members, all of them shareholders of the Company, and with a unified one-year term of office, reelection permitted. SulAmérica‘s By-Laws establishes that at least 20% of its Board of Directors shall be composed of independent members. Five of the current ten members of the Company‘s Board of Directors, equivalent to 50%, are independent members, in compliance with the Listing Rules of Level 2 of BM&FBovespa, higher than required by regulation, as well as Sul América S.A.‘s By-Laws.

    Board members participate in an annual process of self-assessment and assessment of the performance of the Board of Directors itself, as a joint committee, identifying and proposing initiatives to improve its performance. In line with the best corporate governance practices, the Board of Directors has a charter that governs its activities and sets forth measures to prevent conflicts of interests.

    Members of the Board of Directors Position Date of first
    election
    End of term
    of office
    Patrick Antonio Claude de Larragoiti Lucas
    Chairman

    Patrick Antonio Claude de Larragoiti Lucas is Chairman of the Board of Directors of Sul América S.A. and of its controlled subsidiaries and Chairman of the Investments, Compensation and Governance and Disclosure Committees. He joined Sul América S.A. in 1987 and held the position of President of the Company from 1998 to 2010, and of its controlled subsidiaries from 1999 to 2010. He has been a board member of Geneva Association since 1999, Chairman of the Board of the Instituto de Estudos em Saúde Suplementar (Institute for Studies on Supplementary Health) and First Vice-President of the CNSeg, having also been a member of the Board of Directors of Unibanco Holding. In 1987 he worked for Compagnie Suisse de Reassurances Schweizer Ruck in Switzerland. From 1985 to 1986, he worked in the capital markets department of Chase Manhattan Bank, in São Paulo and New York. He graduated with a degree in Business Administration from Fundação Getúlio Vargas (FGV) in São Paulo.

    Chairman March 26, 1997 2015 AGM
    Carlos Infante Santos de Castro
    Member

    Carlos Infante Santos de Castro has been a member of the Board of Directors of Sul America S.A. since 2006, and of its Investment Committee since 2002. Currently he is a member of the Board of Directors of all the operating companies of the Sul América group in the areas of property & casualty, health and life insurance, pension, investments and capitalization. He is also a member of the Board of Directors of Caixa Capitalização S.A. and of the Brazilian Insurance Confederation (CNSeg), as well as a member of the Ethics Committee of CNSeg and vice president of the Brazilian Association of Capitalization Companies (Fenacap). He also held the positions of Chief Executive Officer of Sul América Capitalização S.A., Sul América Corporate Vice-President and Sul América Financial Vice-President. He was Chief Executive Officer of GTE-Multitel (telecommunications) and New Business Director of the Cataguazes-Leopoldina Group (today Energisa) in Rio de Janeiro. He graduated with a degree in Electrical Engineering from the Pontifical Catholic University of Rio and holds the degrees of MBA and Master of Sciences in Industrial Engineering, both from Stanford University, USA. He is a Certified Board Member from the IBGC (Brazilian Institute of Corporate Governance)

    Member October 29, 2010 2015 AGM
    Christopher John Minter
    Independent Member

    Christopher John Minter has been a member of Board of Directors since January 10, 2014 and is in charge of the management of the main investment portfolio and of the strategic and financial acquisitions and divestments of the Swiss Re Group. Prior to joining the group, from 2001 to 2012 he occupied several senior positions at Deutsche Bank, having previously been: Head of Private Equity, Head of Corporate Investments and Head of Corporate Development. In these positions, he managed portfolios of illiquid assets of the Bank and of institutional and private clients. From 1993 to 2001, he worked at PricewaterhouseCoopers in Prague and Zurich, where he assisted international clients in a wide range of transactions. A British citizen, he started his career at the Grant Thornton in London. He holds a Master in Law and History degree from the University of Cambridge and is a member of the Institute of Chartered Accountants in England and Wales. He fulfills the requisites of independence established in the Listing Regulations of Level 2 of the BM&FBovespa S.A.

    Independent Member January 10, 2014 2015 AGM
    David Lorne Levy
    Independent Member

    David Lorne Levy has been a member of Board of Directors since January 10, 2014. He currently works as an independent consultant for PwC Global Health Industries, where he was the CEO between 2005 and 2013 and was hired with the purpose of re-launching the healthcare information technology program. Before joining PwC, he was the CEO of Franklin Health Inc., a company he founded. He has worked, since 1983, in the development of enterprises in the medical and healthcare fields. He was the CEO of Corning Franklin Health and of Franklin Health - Personal Path Systems. He received a Doctor of Medicine and Masters degree from McGill University. He is also a member of the American College of Preventative Medicine, has worked as a professor in several medical institutions in the United States and is a Director of the United Hospital Fund of New York City and of The Atlantic Council. He fulfills the requisites of independence established in the Listing Regulations of Level 2 of the BM&FBovespa.

    Independent Member January 10, 2014 2015 AGM
    Guilherme Affonso Ferreira
    Independent Member

    Guilherme Affonso Ferreira has been a member of the Board of Directors of Sul América S.A. since March 2010 and of its Compensation Committee since 2010. He has been President of Bahema Participações S.A. since 1975. Currently he is also a member of the Board of Directors of the mining and construction materials manufacturing company Eternit S.A., of the textile sector company Tavex, of Companhia Brasileira de Distribuição (Pão de Açúcar Group), of Valid S.A., of Ideiasnet S.A. and Arezzo S.A., of Gafisa S.A., of Banco Indusval S.A. and also of the social wellbeing entity named Esporte Solidário. He is also a member of the advisory board of the assets management firm Rio Bravo Investimentos S.A. DTVM and of Signatura Lazard Assessoria Financeira Ltda. investment bank. He is also active on the boards of directors of the non-profit organizations Instituto de Cidadania Empresarial, Lar Escola São Francisco, Sociedade Harmonia de Tênis, Associação Esporte Solidário and Instituto Ortopédico de Campinas. In the last five years he was a member of the board of directors of Unibanco Holding, Submarino S.A., Santista Têxtil, Unibanco - União de Bancos Brasileiros S.A., B2W and Avipal. He graduated with a degree in Production Engineering from the Polytechnic School of the University of São Paulo (USP) and also studied Economics and Politics at Macalester College. He fulfills the requisites of independence established in the Listing Regulations of Level 2 of the BM&FBovespa S.A.

    Independent Member March 31, 2010 2015 AGM
    Isabelle Rose Marie de Ségur Lamoignon
    Member

    Isabelle Rose Marie de Ségur Lamoignon has been a member of the Board of Directors of Sul América S.A. since 1997. She has been an executive officer of Sulasa Participações S.A. since 1993 and a member of the Board of Directors of Sul América Capitalização S.A. - Sulacap since 2002. She participated in the Strategy Committee from 1998 to 2002 and also participated in 1993 and 1994 in the Managerial Development Program ("PDG") in Rio de Janeiro.

    Member March 26, 1997 2015 AGM
    Johannes Martinus Maria Boers
    Vice Chairman

    Johannes Martinus Maria Boers has been a member of Board of Directors of Sul América S.A. since 2012, member of Audit Committee since 2013, and has been a member of the ING Group for over 27 years, acting in senior management positions in finance, auditing and risk management. Currently he holds the position of Head of ING Insurance Investments. From 1999 to 2000 he was the Chief Auditor for the ING Group in Amsterdam, from 2002 to 2004 he was Regional CFO and CRO of ING Insurance of the Americas. From 2004 to 2009 he was CFO and CRO of the Dutch insurance company Nationale-Nederlanden and from 2009 to 2012 he was CFO and CRO of ING Life India. Prior to joining the ING Group, he served as an officer of the Dutch Army for 10 years, after having graduated from the Royal Military Academy.

    Member March 30, 2012 2015 AGM
    Jorge Hilário Gouvêa Vieira
    Member

    Jorge Hilário Gouvêa Vieira has been a member of the Board of Directors of Sul América S.A. since 1996 and of the Audit Committee from 2002 to 2012. He is the President of the CNSeg (Brazilian Insurance Confederation) and President of the FENASEG (National Federation of Private Insurance and Capitalization Companies) since 2010. He was Secretary of Finance of the State of Rio de Janeiro from 1987 to 1990, President of the National Private Insurance Council from 1985 to 1987, member of the National Monetary Council from 1985 to 1987 and from 1979 to 1981, member of the Board of Directors of the Rio de Janeiro Stock Exchange from 1983 to 1985 and President and Executive Officer of the Brazilian Securities Commission from 1979 to 1981 and from 1977 to 1979, respectively. He was Vice-President of the ABRASCA from 1981 to 1985 and member of its Board of Directors in 1995. In addition, he was President of Viva-Cred and of IRB-Brasil Resseguros S.A., as well as member of the Management Board of the IBMEC - Brazilian Institute of Capital Markets and member of the Board of Directors of Companhia Brasileira de Petróleo Ipiranga, of MBR - Minerações Brasileiras Reunidas S.A., of Generali do Brasil - Companhia Nacional de Seguros, of MRS Logística S.A., of Caemi Mineração and Metalurgia S.A. and of VARIG - Viação Aérea Rio Grandense. Currently he is a partner of the law offices of Gouvêa Vieira Advogados and member of the Board of Directors of Boa Esperança S.A. He graduated with a degree in Law from the Pontifical University of Rio de Janeiro and holds a master’s degree in Law from the University of Berkeley, in California.

    Member March 28, 1996 2015 AGM
    Pierre-Claude Perrenoud
    Independent Member

    Pierre Claude Perrenoud has been a member of the Board of Directors of Sul América S.A. since 2000 and of the Audit Committee since March 30, 2012. From 1960 to 1990 he held a number of positions at Swiss Re and was responsible for its operations in Latin American and in other countries. Currently he is a member of the Board of Directors of captive insurance and reinsurance companies in a number of countries. He graduated with a degree in Business Administration from the Neuchatel Business School, in Switzerland, and in Spanish Studies at the University of Madrid. He fulfills the requisites of independence established in the Listing Regulations of Level 2 of the BM&FBovespa.

    Independent Member April 5, 2000 2015 AGM
    Roberto Teixeira da Costa
    Independent Member

    Roberto Teixeira da Costa has been a member of Board of Directors of Sul América S.A. since 1999 and since 2002, a member of the Compensation Committee and, from 2008, a member of the Governance and Disclosure Committee, as well as a member of the Sustainability Committee since 2011 and a member of Investment Committee since January 10, 2014. He was a member of the Audit Committee of the Company from 2008 to 2010. He was also the International President of the Council of Businesspeople of Latin America - CEAL from 1998 to 2000 and the first President of the Brazilian Securities Commission. He was member of the Council (trustee) of the International Accounting Standards Committee Foundation - IASCF from its creation in 2001 to 2007. He is Chairman of the Chamber of Arbitration of the BM&FBovespa. Chairman of the Board of BRIX - Energia e Futuros. Member of the Board of Directors of BNDESPAR - BNDES Participações S.A., member of the advisory board of HVS - Consultoria e Participações and of Banco Latinoamericano de Exportaciones S.A., and of the trustee council of the Padre Anchieta Foundation. He is a founding partner and current board member of CEBRI - Brazilian Center for International Relations and member of the GACINT - Group for Analysis of the International Context of the USP. He graduated with a degree in Economics from the Federal University of Rio de Janeiro (UFRJ). He fulfills the requisites of independence established in the Listing Regulations of Level 2 of the BM&FBovespa.

    Independent Member April 27, 1999 2015 AGM

    Board of Directors‘ Advisory Committees

    Audit Committee. The Audit Committee is composed of six members and ordinarily meets every three months. It is responsible for monitoring and assessing the internal and external audit activities, risks and internal controls, technical compliance, transparency and quality of information included in the Company‘s financial reports, as well for overseeing the fulfillment of the Company‘s Code of Ethics and Compliance and for advising the Board of Directors in the selection of the independent auditors and the officer in charge of the internal audit.

    Audit Committee Members Position
    Carlos José da Silva Azevedo
    President

    Carlos José da Silva Azevedo has been a member of the Audit Committee since March 2010, serving as its President since November 2010. He worked at SulAmérica from 1998 to 2003 as executive vice president of several group companies. During this period, he also served as a member of the Boards of Directors of some of the Company’s subsidiaries, as well as on SulAmérica’s Executive Committee. From 1967 to 1998, he was a partner at Arthur Andersen, responsible for its Rio de Janeiro office. Currently, he is a consultant for the Audit Committee at MMX Mineração e Metálicos and a member of the IBEU Advisory Committee.

    President
    Christopher John Minter
    Member

    Christopher John Minter has been a member of Board of Directors since January 10, 2014 and is in charge of the management of the main investment portfolio and of the strategic and financial acquisitions and divestments of the Swiss Re Group. Prior to joining the group, from 2001 to 2012 he occupied several senior positions at Deutsche Bank, having previously been: Head of Private Equity, Head of Corporate Investments and Head of Corporate Development. In these positions, he managed portfolios of illiquid assets of the Bank and of institutional and private clients. From 1993 to 2001, he worked at PricewaterhouseCoopers in Prague and Zurich, where he assisted international clients in a wide range of transactions. A British citizen, he started his career at the Grant Thornton in London. He holds a Master in Law and History degree from the University of Cambridge and is a member of the Institute of Chartered Accountants in England and Wales. He fulfills the requisites of independence established in the Listing Regulations of Level 2 of the BM&FBovespa S.A.

    Member
    Carlos Infante Santos de Castro
    Member

    Carlos Infante Santos de Castro has been a member of the Board of Directors of Sul America S.A. since 2006, and of its Investment Committee since 2002. Currently he is a member of the Board of Directors of all the operating companies of the Sul América group in the areas of property & casualty, health and life insurance, pension, investments and capitalization. He is also a member of the Board of Directors of Caixa Capitalização S.A. and of the Brazilian Insurance Confederation (CNSeg), as well as a member of the Ethics Committee of CNSeg and vice president of the Brazilian Association of Capitalization Companies (Fenacap). He also held the positions of Chief Executive Officer of Sul América Capitalização S.A., Sul América Corporate Vice-President and Sul América Financial Vice-President. He was Chief Executive Officer of GTE-Multitel (telecommunications) and New Business Director of the Cataguazes-Leopoldina Group (today Energisa) in Rio de Janeiro. He graduated with a degree in Electrical Engineering from the Pontifical Catholic University of Rio and holds the degrees of MBA and Master of Sciences in Industrial Engineering, both from Stanford University, USA. He is a Certified Board Member from the IBGC (Brazilian Institute of Corporate Governance)

    Member
    Jorge Augusto Hirs Saab
    Member

    Jorge Augusto Hirs Saab has been a member of the Audit Committee since 2009. Mr. Saab has worked at Rio Bravo Investimentos in the Variable Income Funds division, specializing in value and active investment since 2008. He worked for more than four years at UBS Pactual and Unibanco, in addition to working in the Credit, Structured Operations and Leveraged Finance divisions of Brascan and Coimex Trading.

    Member
    Pierre Claude Perrenoud
    Member

    Pierre Claude Perrenoud has been a member of the Board of Directors of Sul América S.A. since 2000 and of the Audit Committee since March 30, 2012. From 1960 to 1990 he held a number of positions at Swiss Re and was responsible for its operations in Latin American and in other countries. Currently he is a member of the Board of Directors of captive insurance and reinsurance companies in a number of countries. He graduated with a degree in Business Administration from the Neuchatel Business School, in Switzerland, and in Spanish Studies at the University of Madrid. He fulfills the requisites of independence established in the Listing Regulations of Level 2 of the BM&FBovespa.

    Member

    Governance and Disclosure Committee. Created in May 2008 and comprised of five members, the Governance and Disclosure Committee meets ordinarily every quarter with the purpose of monitoring and overseeing the resolutions set forth in the Policy on Disclosure of Material Acts or Facts and on Securities Trading as well as in the obligations established in the Level 2 Regulation adopted by the Company.

    Governance and Disclosure Committee Members Position
    Patrick Antonio Claude de Larragoiti Lucas
    President

    Patrick Antonio Claude de Larragoiti Lucas is Chairman of the Board of Directors of Sul América S.A. and of its controlled subsidiaries and Chairman of the Investments, Compensation and Governance and Disclosure Committees. He joined Sul América S.A. in 1987 and held the position of President of the Company from 1998 to 2010, and of its controlled subsidiaries from 1999 to 2010. He has been a board member of Geneva Association since 1999, Chairman of the Board of the Instituto de Estudos em Saúde Suplementar (Institute for Studies on Supplementary Health) and First Vice-President of the CNSeg, having also been a member of the Board of Directors of Unibanco Holding. In 1987 he worked for Compagnie Suisse de Reassurances Schweizer Ruck in Switzerland. From 1985 to 1986, he worked in the capital markets department of Chase Manhattan Bank, in São Paulo and New York. He graduated with a degree in Business Administration from Fundação Getúlio Vargas (FGV) in São Paulo.

    President
    Arthur Farme d‘Amoed Neto
    Member

    Arthur Farme d‘Amoed Neto has been the Control and Investor Relations Vice President for Sul America S.A. and a member of the Board of Executive Officers since September 2000. He joined the SulAmérica group in 1987 and since 1996 has been a member of Board of Executive Officers of the companies of the group. He held the position of Marketing and Planning Director until 1998. Additionally, he was elected Officer of Corporate Finance in 1998, and also, at the same time, held the role of Officer of Investors Relations, for which he was selected in 2000. Between 2007 and 2010, he was the Corporate and Investors Relations Vice President, and since August 2011 has been responsible for the Finance and Control areas. He is also member of the Governance and Disclosure Committee of the Company. Prior to joining the SulAmérica group, he worked at the public sector, in the real estate industry and in the areas of insurance and economic consulting, from 1980 to 1987. He graduated with a degree in Civil Engineering from the Federal University of Rio de Janeiro (UFRJ) and received a specialization in Finance from the Business Administration Institute COPPEAD of the Federal University of Rio de Janeiro (UFRJ) and in Corporative Governance from the Brazilian Capital Markets Institute (IBMEC) and in Corporate Law and Capital Markets from Fundação Getúlio Vargas (FGV).

    Member
    Christopher John Minter
    Member

    Christopher John Minter has been a member of Board of Directors since January 10, 2014 and is in charge of the management of the main investment portfolio and of the strategic and financial acquisitions and divestments of the Swiss Re Group. Prior to joining the group, from 2001 to 2012 he occupied several senior positions at Deutsche Bank, having previously been: Head of Private Equity, Head of Corporate Investments and Head of Corporate Development. In these positions, he managed portfolios of illiquid assets of the Bank and of institutional and private clients. From 1993 to 2001, he worked at PricewaterhouseCoopers in Prague and Zurich, where he assisted international clients in a wide range of transactions. A British citizen, he started his career at the Grant Thornton in London. He holds a Master in Law and History degree from the University of Cambridge and is a member of the Institute of Chartered Accountants in England and Wales. He fulfills the requisites of independence established in the Listing Regulations of Level 2 of the BM&FBovespa S.A.

    Member
    Gabriel Portella Fagundes Filho
    President

    Gabriel Portella Fagundes Filho has been CEO of Sul América SA since April 2012 and a member of the Governance and Disclosure Committee and a member of the Sustainability Committee since 2013. He has extensive experience in the insurance market in general and especially in the field of health. Also, he has a 30-year relationship with SulAmérica, where he worked in the commercial area and the life, pension, and P&C insurance segments in addition to being the Vice President of Health and Dental, a position he held until taking over as CEO. He currently serves as Vice President of FenaSaúde - National Federation of Supplemental Health and is a board member of the IESS - Institute for Studies on Supplementary Health. He graduated with a degree in Economics and a specialization in Business Administration.

    Member
    Roberto Teixeira da Costa
    Member

    Roberto Teixeira da Costa has been a member of Board of Directors of Sul América S.A. since 1999 and since 2002, a member of the Compensation Committee and, from 2008, a member of the Governance and Disclosure Committee, as well as a member of the Sustainability Committee since 2011 and a member of Investment Committee since January 10, 2014. He was a member of the Audit Committee of the Company from 2008 to 2010. He was also the International President of the Council of Businesspeople of Latin America - CEAL from 1998 to 2000 and the first President of the Brazilian Securities Commission. He was member of the Council (trustee) of the International Accounting Standards Committee Foundation - IASCF from its creation in 2001 to 2007. He is Chairman of the Chamber of Arbitration of the BM&FBovespa. Chairman of the Board of BRIX - Energia e Futuros. Member of the Board of Directors of BNDESPAR - BNDES Participações S.A., member of the advisory board of HVS - Consultoria e Participações and of Banco Latinoamericano de Exportaciones S.A., and of the trustee council of the Padre Anchieta Foundation. He is a founding partner and current board member of CEBRI - Brazilian Center for International Relations and member of the GACINT - Group for Analysis of the International Context of the USP. He graduated in with a degree in Economics from the Federal University of Rio de Janeiro. He fulfills the requisites of independence established in the Listing Regulations of Level 2 of the BM&FBovespa.

    Member

    Investment Committee. The Investment Committee is composed of four members and meets ordinarily every three months to assess and review the investment policy guidelines of the Company and its subsidiaries. In addition, it is responsible for monitoring obtained results and for assessing both the financial market scenario and trends as well as the adoption of best risk control practices for investment management.

    Investment Committee Members Position
    Patrick Antonio Claude de Larragoiti Lucas
    President

    Patrick Antonio Claude de Larragoiti Lucas is Chairman of the Board of Directors of Sul América S.A. and of its controlled subsidiaries and Chairman of the Investments, Compensation and Governance and Disclosure Committees. He joined Sul América S.A. in 1987 and held the position of President of the Company from 1998 to 2010, and of its controlled subsidiaries from 1999 to 2010. He has been a board member of Geneva Association since 1999, Chairman of the Board of the Instituto de Estudos em Saúde Suplementar (Institute for Studies on Supplementary Health) and First Vice-President of the CNSeg, having also been a member of the Board of Directors of Unibanco Holding. In 1987 he worked for Compagnie Suisse de Reassurances Schweizer Ruck in Switzerland. From 1985 to 1986, he worked in the capital markets department of Chase Manhattan Bank, in São Paulo and New York. He graduated with a degree in Business Administration from Fundação Getúlio Vargas (FGV) in São Paulo.

    President
    Carlos Infante Santos de Castro
    Member

    Carlos Infante Santos de Castro has been a member of the Board of Directors of Sul America S.A. since 2006, and of its Investment Committee since 2002. Currently he is a member of the Board of Directors of all the operating companies of the Sul América group in the areas of property & casualty, health and life insurance, pension, investments and capitalization. He is also a member of the Board of Directors of Caixa Capitalização S.A. and of the Brazilian Insurance Confederation (CNSeg), as well as a member of the Ethics Committee of CNSeg and vice president of the Brazilian Association of Capitalization Companies (Fenacap). He also held the positions of Chief Executive Officer of Sul América Capitalização S.A., Sul América Corporate Vice-President and Sul América Financial Vice-President. He was Chief Executive Officer of GTE-Multitel (telecommunications) and New Business Director of the Cataguazes-Leopoldina Group (today Energisa) in Rio de Janeiro. He graduated with a degree in Electrical Engineering from the Pontifical Catholic University of Rio and holds the degrees of MBA and Master of Sciences in Industrial Engineering, both from Stanford University, USA. He is a Certified Board Member from the IBGC (Brazilian Institute of Corporate Governance)

    Member
    Domingos Carelli Neto
    Member

    Domingos Carelli Neto has been a member of the Investments Committees since 2009. Mr. Carelli has worked in the areas of management, operations and controllership of financial groups since 1968, having served as Vice President of Bank Boston (1975-1985), as a Director at Banco Crefisul (1985-1988) and as Executive Vice President of Banco Sul América and of Sul América Investimentos DTVM (1988-2004). He earned a degree in Production Engineering from the Polytechnic University of São Paulo (USP) in 1967 and has completed several complementary and specialty area programs at Fundação Getúlio Vargas (FGV).

    Member
    Roberto Teixeira da Costa
    Member

    Roberto Teixeira da Costa has been a member of the Board of Directors of Sul América S.A. since 1999, serving on the Compensation Committee since 2002 and on the Auditing and Governance and Disclosure committees since 2008. He was the international president of the Latin American Business Council - CEAL from 1998 to 2000 and the first President of the Brazilian Securities and Exchange Commission. He was Trustee of the International Accounting Standards Committee Foundation - IASCF from its foundation in 2001 until 2007. He served as a member of the Board of Directors of the Inter-American Dialogue in Washington, D.C., of which he is currently a member. He serves as the chairman of the BM&FBovespa Arbitration Chamber, member of the BNDESPAR - BNDES Participações S.A. Board of Directors and a member of the advisory boards of HVS - Consultoria e Participações, Bunge Alimentos, Companhia Brasileira de Distribuição (Pão de Açúcar) and Banco Latinoamericano de Exportaciones S.A. He has a degree in economics from the Rio de Janeiro Federal University and is a founding partner and current board member of the Brazilian Center for International Relations - CEBRI and member of the International Conjuncture Analysis Group- GACINT at the University of São Paulo. He meets the independence requirements established in the Distinguished Corporate Governance Practices Level 2 of BM&FBovespa.

    Member

    Compensation Committee. The Compensation Committee is made up of four members that meet ordinarily once a year and extraordinarily whenever necessary to resolve on relevant matters within its scope. It has the purpose of assisting the Board of Directors in establishing the compensation policy of the management of the Company and its subsidiaries, always seeking to be in step with the compensation practices adopted by the market, besides reviewing and monitoring the evaluation of the management‘s performance.

    Compensation Committee Members Position
    Patrick Antônio Claude de Larragoiti Lucas
    President

    Patrick Antonio Claude de Larragoiti Lucas has been a member of the Board of Directors of Sul America S.A since 1997, and also a member of the Board of Directors of the subsidiaries since 1998 and President of the Investments, Compensation and Governance and Disclosure Committees. Joined Sul America S.A. in 1987, being the President of the Company since 1998 and its subsidiaries since 1999. Counselor of Geneva Association since 1999, council president of the Supplementary Health Institute and first vice-president of CNSeg, being also a member of the board of directors of Unibanco Holding. In 1987, worked for Compagnie Suisse de Reassurances Schweizer Ruck in Switzerland. From 1985 to 1986, worked at the market capital department of Chase Manhattan Bank in Sao Paulo and New York. Graduated in Business Administration by Getulio Vargas Foundation, in Sao Paulo.

    President
    Guilherme Affonso Ferreira
    Member

    Guilherme Affonso Ferreira has been a member of the Board of Directors of Sul América S.A. since March 2010 and of its Compensation Committee since 2010. He has been President of Bahema Participações S.A. since 1975. Currently he is also a member of the Board of Directors of the mining and construction materials manufacturing company Eternit S.A., of the textile sector company Tavex, of Companhia Brasileira de Distribuição (Pão de Açúcar Group), of Valid S.A., of Ideiasnet S.A. and Arezzo S.A., of Gafisa S.A., of Banco Indusval S.A. and also of the social wellbeing entity named Esporte Solidário. He is also a member of the advisory board of the assets management firm Rio Bravo Investimentos S.A. DTVM and of Signatura Lazard Assessoria Financeira Ltda. investment bank. He is also active on the boards of directors of the non-profit organizations Instituto de Cidadania Empresarial, Lar Escola São Francisco, Sociedade Harmonia de Tênis, Associação Esporte Solidário and Instituto Ortopédico de Campinas. In the last five years he was a member of the board of directors of Unibanco Holding, Submarino S.A., Santista Têxtil, Unibanco - União de Bancos Brasileiros S.A., B2W and Avipal. He graduated with a degree in Production Engineering from the Polytechnic School of the University of São Paulo (USP) and also studied Economics and Politics at Macalester College. He fulfills the requisites of independence established in the Listing Regulations of Level 2 of the BM&FBovespa S.A.

    Member
    Luiz Fernando Sanzogo Giorgi
    Member

    Luiz Fernando Sanzogo Giorgi has been a member of the Compensation Committee since 2013 and he has 25 years of experience in management and leadership. In 2005 he founded the LFG - Management Consultant Advisory. He has been a member of Board of Directors of VONPAR S.A, EMPRESAS CONCREMAT. Currently he is also Chairman of the Board of Directors of TEADIT S.A., and a member of the Compensation Committee of SUL AMÉRICA S.A. since 2013. He is a Partner investor in Tribointeractive (MKT & Advertising Digital Agency) and in ATMA CULTURA & MARCA (Corporate Consultancy). From 2007 to 2008 he was a member of HR Committee of Group LIBRA and he was a member of Board of Directors of J. MACEDO ALIMENTOS S.A between 2007 and 2011, and of VIX LOGÍSITICA S.A. from 2008 to 2010. He worked between 2003 and 2005 as Vice President of Suzano Holding - Suzano Group and he was a member of the Management Committee of Suzano Papel e Celulose and Executive Director of Suzano Petroquímica. From 1989 to 2003, he was a member of the Board of Directors of Petroflex and CEO (Chief executive Officer) and Global Partner of Hay Group - Brazil.

    Member
    Roberto Teixeira da Costa
    Member

    Roberto Teixeira da Costa has been a member of Board of Directors of Sul América S.A. since 1999 and since 2002, a member of the Compensation Committee and, from 2008, a member of the Governance and Disclosure Committee, as well as a member of the Sustainability Committee since 2011 and a member of Investment Committee since January 10, 2014. He was a member of the Audit Committee of the Company from 2008 to 2010. He was also the International President of the Council of Businesspeople of Latin America - CEAL from 1998 to 2000 and the first President of the Brazilian Securities Commission. He was member of the Council (trustee) of the International Accounting Standards Committee Foundation - IASCF from its creation in 2001 to 2007. He is Chairman of the Chamber of Arbitration of the BM&FBovespa. Chairman of the Board of BRIX - Energia e Futuros. Member of the Board of Directors of BNDESPAR - BNDES Participações S.A., member of the advisory board of HVS - Consultoria e Participações and of Banco Latinoamericano de Exportaciones S.A., and of the trustee council of the Padre Anchieta Foundation. He is a founding partner and current board member of CEBRI - Brazilian Center for International Relations and member of the GACINT - Group for Analysis of the International Context of the USP. He graduated in with a degree in Economics from the Federal University of Rio de Janeiro. He fulfills the requisites of independence established in the Listing Regulations of Level 2 of the BM&FBovespa.

    Member

    Sustainability Committee. The Sustainability Committee is mainly responsible for designing and monitoring the execution of the Company’s Sustainability Policy and respective programs, and assisting and advising the Board of Directors and other stakeholders on issues related to corporate sustainability.

    Sustainability Committee Members Position
    Gabriel Portella Fagundes Filho
    President

    Gabriel Portella Fagundes Filho has been CEO of Sul América SA since April 2012 and a member of the Governance and Disclosure Committee and a member of the Sustainability Committee since 2013. He has extensive experience in the insurance market in general and especially in the field of health. Also, he has a 30-year relationship with SulAmérica, where he worked in the commercial area and the life, pension, and P&C insurance segments in addition to being the Vice President of Health and Dental, a position he held until taking over as CEO. He currently serves as Vice President of FenaSaúde - National Federation of Supplemental Health and is a board member of the IESS - Institute for Studies on Supplementary Health. He graduated with a degree in Economics and a specialization in Business Administration.

    President
    Alvaro Almeida
    Member

    Alvaro Almeida has been a member of the Sustainability Committee since 2011. He is also a member of the HSBC Institute External Committee. Driven by internet growth in Brazil, he became an entrepreneur in the communications area in 1999 with the creation of Tempestade Comunicação, a content provider whose clients include: BB, OI, Toyota Bank and Instituto Ethos. In 2002, he founded Report Comunicação, an agency that identified sustainability as the driver for corporate management differentiation and in nine years became Brazil‘s leader in sustainability reporting. He graduated with a degree in Journalism from the Federal University of Rio Grande do Sul.

    Member
    Arthur Farme d‘Amoed Neto
    Member

    Arthur Farme d‘Amoed Neto is Control and Investor Relations Vice-President for Sul America S.A. and member of the Board of executive officers since September 2000. Joined the SulAmerica group in 1987 and since 1996 is member of board of executive officers of companies of the group. Held the position as marketing and planning director until 1998. Was elected Officer of Corporate Finances in 1998, and performed this job concurrently with officer of investors relation, for which was elected in 2000. Between 2007 and 2010, was Corporative and Investors Relation Vice-President, and since August 2011 is responsible for the Finance and Controlling areas. A sitting member of the Governance and Disclosure Committee of the Company. Prior to join the SulAmerica group, worked at the public sector, in the real state industry and in the areas of insurance and economic consulting, from 1980 to 1987. Graduated in Civil Engineer by the Federal University of Rio de Janeiro and achieved specialization in Finances by the Business Administration Institute COPPEAD of the Federal University of Rio de Janeiro, in Corporative Governance by the Capital Market Brazilian Institute and in Corporate Law and Capital Market by Getulio Vargas Foundation.

    Member
    Renato Bueno Terzi
    Member

    Renato Bueno Terzi is the Vice President of Planning and Marketing at SulAmérica and has been a member of the Sustainability Committee since March 31, 2014. He graduated with a degree in Engineering from Unicamp, has an MBA from Fundação Getúlio Vargas (FGV), a specialization degree in Finance from IBMEC and also participated in a course in Personnel Management at Duke University, in New York, USA. Mr. Terzi has worked for 19 years in the financial sector, in areas such as Personnel Management, Sales, Marketing, Planning and IT, with a focus on business development and innovation, having led teams for 12 years and managed projects in several areas. He began his career in 1994 as a trainee at the former Banco Nacional and, prior to accepting the invitation of SulAmérica, was president of HSBC Seguros in Panamá. In the company, Mr. Terzi led the Life and Pension area until 2013.

    Member
    Marco Antonio Antunes da Silva
    Member

    Marco Antonio Antunes da Silva has been a Vice-President of Operations and Technology and a member of the Sustainability Committee since 2013. From 2000 until 2013, he served as Director of Operations in Health at SulAmérica. He is a Member of the Technical Committee on Regulatory Mechanisms at National Federation of Supplementary Health (Federação Nacional de Saúde Suplementar - FenaSaúde), SulAmérica’s Representative at the São Paulo Insurance Companies’ Union (Sindicato das Seguradoras de São Paulo - SindSeg SP) and Member at the São Paulo Association of the Insurance Technicians (Associação Paulista dos Técnicos de Seguro - APTS). Additionally, he is a Member of the Technical Board of the Institute for Studies on Supplementary Health (Instituto de Estudo de Saúde Suplementar - IESS), a Legal Representative of SulAmérica in the National Agency for Supplementary Health Services (Agência Nacional de Saúde Suplementar - ANS), Representative of Insurers at the Chamber of Supplementary Health (ANS), Director Responsible for Records and Evidence in Crimes of Law 9.613/98, Coordinator of Health Information Exchange in of Supplementary Health Services (ANS), and Member of the American Chamber of Commerce (AMCHAM) since 2000. He graduated with a degree in Industrial Chemistry from Osvaldo Cruz University and a postgraduate degree in Business Administration from the São Judas University. He also participated in the Management Development Program (PDG) at Fundação Getúlio Vargas.

    Member
    Patrícia Quírico Coimbra
    Member

    Patrícia Quírico Coimbra has been the Director of Human Resources at SulAmérica since July 29, 2013 and a member of the Sustainability Committee since March 31, 2014. She has 23 years of experience in human resources and business areas, as well as in leading multinational and domestic companies in the oil and gas, nondurable consumer goods and telecommunications markets. Ms. Coimbra graduated with a degree in Information Technology from the Pontifical Catholic University of Rio de Janeiro (PUC-Rio) in 1989 and a degree in Economics from Universidade Candido Mendes in Rio de Janeiro (UCAM) in 1994. She also obtained a postgraduate degree in Marketing from PUC-Rio in 1998. She served as the Director of Organizational Development at OI Participações from 2011 until 2013. From 1998 until 2011, she also worked at SC Johnson as the Organizational Development Manager, Sales Technology Manager, Senior Human Resources Manager, Interim Director, and eventually reached the position of Director of Human Resources. She began her career in 1989 at Shell Brazil as the Assistant to the Head of Strategic Planning, moving on to the position of Head of Corporate Training / Project Leader and then as Corporate Business Partner and Business Development until 1998.

    Member
    Roberto Teixeira da Costa
    Member

    Roberto Teixeira da Costa has been a member of Board of Directors of Sul América S.A. since 1999 and since 2002, a member of the Compensation Committee and, from 2008, a member of the Governance and Disclosure Committee, as well as a member of the Sustainability Committee since 2011 and a member of Investment Committee since January 10, 2014. He was a member of the Audit Committee of the Company from 2008 to 2010. He was also the International President of the Council of Businesspeople of Latin America - CEAL from 1998 to 2000 and the first President of the Brazilian Securities Commission. He was member of the Council (trustee) of the International Accounting Standards Committee Foundation - IASCF from its creation in 2001 to 2007. He is Chairman of the Chamber of Arbitration of the BM&FBovespa. Chairman of the Board of BRIX - Energia e Futuros. Member of the Board of Directors of BNDESPAR - BNDES Participações S.A., member of the advisory board of HVS - Consultoria e Participações and of Banco Latinoamericano de Exportaciones S.A., and of the trustee council of the Padre Anchieta Foundation. He is a founding partner and current board member of CEBRI - Brazilian Center for International Relations and member of the GACINT - Group for Analysis of the International Context of the USP. He graduated in with a degree in Economics from the Federal University of Rio de Janeiro. He fulfills the requisites of independence established in the Listing Regulations of Level 2 of the BM&FBovespa.

    Member
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