The Board of Directors is the deliberative body responsible for the general guidance of Viavarejo‘s business, including its long-term strategy. The board has other attributions, including the election of the Company’s officers and oversight of the respective management. At all meetings of the Board of Directors, decisions are made by a majority vote of the members present; in the event of a tie vote, the Chairman of the Board of Directors holds an additional deciding vote.
Meetings of the Board of Directors are held at minimum on a quarterly basis, or whenever necessary by means of a call notice sent by the Chairman of the Board of Directors, who may be petitioned to send a call notice by at least three board members or by the Company’s chief executive officer.
The Company’s Bylaws provides that the Board will be comprised of at least five and no more than seventeen members, all shareholders, elected and dismissed by the Shareholders’ Meeting.
|Board Members||Title||Election Date||End of Term|
|Michael Klein||Chairman||04.12.2013||2015 General Ordinary Meeting|
|Arnaud Daniel Charles Walter Joachim Strasser||Vice Chairman||04.12.2013||2015 General Ordinary Meeting|
|Alberto Ribeiro Guth||Board Member||04.12.2013||2015 General Ordinary Meeting|
|Christophe José Hidalgo||Board Member||04.12.2013||2015 General Ordinary Meeting|
|Renato Carvalho do Nascimento||Board Member||04.12.2013||2015 General Ordinary Meeting|
|Roberto Fulcherberguer||Board Member||04.12.2013||2015 General Ordinary Meeting|
|Ronaldo Iabrudi||Board Member||08.22.2013||2015 General Ordinary Meeting|
|Líbano Miranda Barroso||Board Member||02.12.2014||2015 General Ordinary Meeting|
|Yves Desjacques||Board Member||02.12.2014||2015 General Ordinary Meeting|
Michael Klein is a Partner and Executive Officer of Casa Bahia Ltda. and is currently the Chairman of the Board of Directors of Nova Casas Bahia. Michael Klein began his career in Casas Bahia in 1969 as a financial manager and has since accumulated vast experience of the furniture manufacturing and retail business, having led its strong expansion in recent years. He graduated in Business Administration from Paes de Barros University, with post-graduate studies at the Getulio Vargas Foundation.
Arnaud Daniel Charles Walter Joachim Strasser has worked with Casino Group since 2007 and is currently Executive Development and Holdings Officer, having previously been responsible for the international development department and acted as the CEO‘s councilor. He has also worked in the Cabinet of the Prime Minister of France, in 2005, as Mission Chief, and in the Cabinet of Renaud Dutreil, French Minister of Business and Commerce, from 2005 to 2007, as a special councilor. He was also a member of the Boards of Directors of Almacenes Exito (Colombia), Big C (Thailand), Super de Boer (Holland), as well as a member of the Casino Group’s (France) executive committee. He is currently a member of the Board of Directors of Wilkes Participações SA, controlling shareholder of Companhia Brasileira de Distribution. He is also Vice-Chairman of the Board of Directors of CBD.
Alberto Ribeiro Guth is a founding partner of Angra Partners Gestão de Recursos e Assessoria Financeira, company founded in 2003 and focused on financial restructuring and debt negotiations, operational restructuring and coordination of merger and acquisitions business processes. Between 1993 and 2003, he was a managing partner of Investidor Profissional Gestão de Recursos. Previously, for 9 years he served at Esso Brazil as an executive in the strategic planning, finance and marketing areas. He has over 28 years of professional experience, having served as a board member at companies such as Metro of Rio de Janeiro, Brasil Telecom, Telemig, Editora e Livraria Saraiva and Elevadores Atlas and member of fiscal council of companies such as Eternit, Freios Varga and Petroflex. Alberto holds a degree in engineering from Instituto Militar de Engenharia - IME and holds an MBA from the Wharton Business School.
Christophe Hidalgo served as the CFO of Êxito Group (Colombia), a subsidiary of Casino Group, from 2010 to 2012. After joining Casino in 2000, Mr. Hidalgo held several positions in financing and controlling at the Group. In Brazil, he also worked as the CFO of Castorama from 1996 to 2000. Mr. Christophe Hidalgo is French and holds a bachelor’s degree in law and a master’s in finance and accounting from the Bordeaux University, France. He is currently CFO of CBD.
Renato Carvalho do Nascimento is a founding partner of Arion Capital, financial advisory company and investment funds management. He worked at Lehman Brothers in New York in the investment banking area, and as a consultant at Accenture and Monitor. He was a member of the boards of Telemig, Metro of Rio de Janeiro and Tropical, and chairman of the board of Maeda. Renato is currently chairman of the board of TMA in Brazil. Renato was a finance professor at the MBA course of Insper, in São Paulo. He has a degree in mechatronics engineering from the Escola Politécnica, USP, and holds an MBA from the Tuck School of Business at Dartmouth.
Roberto Fulcherberguer was the Company’s Sales Vice Chief Executive Officer until last February 11. He occupied the position of Vice Chief Executive Officer in Casa Bahia Comercial Ltda. for seven years, Procurement Officer in Lojas Arapuã S.A for 11 years and Category Manager in Companhia Brasileira de Distribuição for six years, working in retail through sales, marketing, operations and logistics areas. He has a bachelor’s degree in Business Administration from Universidade Paulista and a Master’s degree in Marketing from Fundação Armando Álvares Penteado - FAAP.
Ronaldo Iabrudi is Executive Officer and representative of Casino Group in Brazil, as well as Chairman of the Board of Directors of Lupatech, member of the Board of Directors of Estácio Participações, partner of VIAW and AGROBANCO. Previously, he was also member of the Board of Directors of Cemar. From 2007 through 2011, he served as CEO of Magnesita, in charge of all companies composing the Magnesita Group in Brazil, Argentina, Germany, France, USA and China. He led the Telemar Group between 1999 and 2006, serving as CEO, CEO of Telemar Operadora and Managing Director. He was Chairman of the Board of Directors of Telemar Operadora and member of the Board of Directors of other Telemar Group companies. He was also CEO of Ferrovia Centro-Atlântica from 1997 to 1999 and Chairman of the Board of Directors of Porto de Angra, as well as Chief Financial Officer of the latter between March and October 1997. From 1984 through 1997, he served as Executive Officer, Administrative and Financial Officer, responsible for the management of Gerdau Group companies located in the state of Minas Gerais, and General Manager of Gerdau Group’s Human Resources Department. With a Bachelor’s Degree in Psychology from PUC-MG (1979), he obtained the Master’s Degree in Qualification of Adults (1981), Master’s Degree in Administration of Changes (1982) and Doctorate’s Degree in Organizational Change (1984) from Université Paris XIX - Dauphine.
Viavarejo’s Executive Officers are the company’s legal representatives, mainly responsible for the management and implementation of the policies and general guidelines established by Shareholders’ Meetings and by the Board of Directors. In accordance with Brazilian Corporate Law, each Board member of Viavarejo must reside in the country, and may or may not be a shareholder. In addition, up to one third of the Board of Directors’ members may be elected to executive positions.In compliance with Viavarejo’s Bylaws, the Executive Board shall be composed of eight members.
|Officers||Position||Election Date||End of Term|
|Francisco Tosta Valim Filho||Chief Executive Officer||08.23.2013||11.21.2014|
|Jorge Fernando Herzog||Operations Officer||11.22.2012||11.21.2014|
|Marcelo Lopes||Infrastructure and IT Officer||05.24.2013||11.21.2014|
|Vítor Fagá de Almeida||Chief Financial Officer||05.23.2013||11.21.2014|
|Marcelo Rizzi de Oliveira||Investor Relations and Strategic Planning Officer||10.17.2013||11.21.2014|
|Paulo Adriano Romulo Naliato||Human Resources Officer||10.17.2013||11.21.2014|
|Flavia Altheman||Marketing Officer||12.19.2013||11.21.2014|
|Luiz Henrique Andrade Vendramini||Sales Officer||12.19.2013||11.21.2014|
Francisco Valim joined our Executive Board last August, having taken office on August 23, 2013 as the Company’s CEO. Previously, he held the position of CEO at Oi S.A. (August 2011 to March 2013), Experian UK and NET Serviços (February 2003 to January 2008), and of Chief Financial Officer at Oi S.A. (January 2002 to February 2003). He earned a bachelor’s degree in Business Administration from the Federal University of Rio Grande do Sul (UFRS), post-graduation degrees in Finance from the Getúlio Vargas Foundation (FGV) and in Strategic and Organizational Planning from the Federal University of Rio Grande do Sul (UFRS), and an MBA in Finance and Multinational Enterprises Management from the University of Southern California (USA).
Jorge Fernando Herzog joined our Executive Board in July 2009, having taken on July 7, 2009 as the Vice-President of Operations. Prior to that, he served as the Operating Regional Officer at Companhia Brasileira de Distribuição from January 2008 to July 2009 and the Operations Director at Senda Distribuidora from January 2006 to January 2008, and held several positions at Carrefour in the Operations, Human Resources and Accounting departments from April 1990 to December 2005. Mr. Herzog earned a bachelor’s degree in Economics from Faculdade Dom Bosco.
Marcelo Lopes joined our Executive Board in May, having taken office on May 26, 2013 as the Vice-President of IT and Infrastructure. He held several positions at Grupo Pão de Açúcar from January 2001 to May 2013 in the Logistics, Supply Chain and Operations departments and served at São Paulo Alpargatas from November 1990 to June 1999 in the Industrial and Commercial areas. Mr. Lopes earned a bachelor’s degree in Business Administration from Unicapital, a specialization degree in Supply Chain and Logistics Management from the Coppead Administration Institute from the Federal University of Rio de Janeiro and an MBA in Strategic Business Management from the Getúlio Vargas Foundation (FGV).
Marcelo Rizzi de Oliveira is our Investor Relations and Strategic Planning Officer. He joined the Company last April. Previously, he served as the Strategy Officer (Associate Partner) at Monitor Group from April 2005 to April 2013, Investor Relations analyst CPFL Energia from November 2003 to April 2005 and Strategy Advisor at Accenture Brazil from June 2000 to November 2003. Mr. Oliveira earned a bachelor’s degree in Production Engineering from the Mauá Institute of Technology and a specialization degree in Finance from the Getúlio Vargas Foundation.
Paulo Adriano Romulo Naliato joined the Company last July, having taken office on October 17, 2013 as the Human Resources Officer. Previously, he served as the Human Resources Officer at Santander (Brazil) from August 2008 to July 2013 and at Banco Real ABN Amro from August 2000 to July 2008. He also held the position of Human Resources Manager at Banco Excel Econômico/BBVA from March 1997 to July 2000, as the Human Resources Manager and Incentive Marketing at Banco Unibanco from December 1995 to February 1997 and as Human Resources Analyst and consultant at Banco Nacional from October 1986 to November 1995. Mr. Naliato graduated in Law from Faculdades Metropolitanas Unidas (FMU), having attended a training program in Coaching at the Integrated Coaching Institute. He also holds a specialization degree in People and Business Management from the Getúlio Vargas Foundation and in Global Business Management (CLP) from IESE Business School.
Vítor Fagá de Almeida joined our Executive Board in March, having taken office on March 26, 2013 as the Chief Financial and Investor Relations Officer. He has been a member of the Board of Directors of Nova Pontocom since 2012 and of the Brazilian Investor Relations Institute (IBRI) since 2008, where he also served as the Vice-President (São Paulo) and Chief Financial Officer. He joined Grupo Pão de Açúcar in 2010, where he held several positions, including as the Chief Financial and Investor Relations Officer. Previously, he served as the Investor Relations and M&A Officer at JSL Logística from January to July 2010, Chief Financial Officer at Medial Saúde from 2007 to 2009, Investor Relations Officer at CPFL Energia from 2003 to 2007 and Strategy Advisor at BCG - The Boston Consulting Group from 2000 to 2003. He holds a bachelor’s degree in Economics from the Campinas State University (UNICAMP) and a specialization degree in Corporate Finance from the London School of Economics.
Pursuant to the Brazilian Corporation Law, the Fiscal Council is a corporate body independent from Management and external auditors. The Fiscal Council may operate on a permanent and non-permanent basis, in this case, it will operate during a specific fiscal year, when instated upon request of shareholders, representing, at least, 2% of the voting shares and each period of its operations will expire at the first Annual Shareholders‘ Meeting after its instatement.
The Fiscal Council‘s main responsibilities consist of overseeing the Management‘s activities, reviewing the Company‘s financial statements and reporting its conclusions to shareholders. The Brazilian Corporation Law requires that members of the Fiscal Council shall receive compensation, of at least, 10% of the average amount annually paid to the Company‘s executive officers. The Brazilian Corporation Law also requires that the Fiscal Council is composed of, at least, three members, and at most, five members and their respective deputies.
Viavarejo‘s Bylaws provide for a permanent Fiscal Council, composed of three sitting members and equal number of alternate members, elected at the Shareholders‘ Meeting.
|Audit Council Members||Position||Election Date||End of Term|
|Fernando Maida Dall’Acqua||Chairman||04.12.2013||2014 General Ordinary Meeting|
|Luiz Carlos Vaini||Council Member||04.12.2013||2014 General Ordinary Meeting|
|Raimundo Lourenço Maria Christians||Council Member||04.12.2013||2014 General Ordinary Meeting|
|Antonio Luiz de Campos Gurgel||Alternate Member||04.12.2013||2014 General Ordinary Meeting|
|Carlos Eduardo Mori Hanada||Alternate Member||04.12.2013||2014 General Ordinary Meeting|
|William Pereira Pinto||Alternate Member||04.12.2013||2014 General Ordinary Meeting|
Fernando Maida Dall‘Acqua, born in 1949, he has been Chairman of the Fiscal Council since 2009. He is currently a Board member at Via Varejo S.A., Board member and Audit Committee member at ISA-CTEEP and Audit Committee member at the O Estado de São Paulo newspaper, in addition to providing consulting services to major companies on mergers and acquisitions, economic and financial valuation and tax advisory services. He was Finance Secretary to the São Paulo state government, has held financial, tax, budget and strategic management positions, besides serving as a member of the São Paulo State Privatization Council. He was also member of the Board of Directors and the Sarbanes-Oxley Audit Committee at Sabesp, and member of the Boards of CESP, PRODESP, DERSA, Banco Nossa Caixa and Banespa, besides serving on the Advisory Board of Grupo Pão de Açúcar. He holds a master’s degree in business administration from the Getulio Vargas Foundation, a PhD in Economic Development from the University of Wisconsin-Madison, USA, and received the post-doctoral title of "Livre Docente" in Business Administration from the Getulio Vargas Foundation, and Professor of the School of Administration of São Paulo (Getulio Vargas Foundation). He was also a Fellow at Michigan State University, U.S.A.
Luiz Carlos Vaini, served at Arthur Andersen from 1965 to 1982 and was a partner at Coopers & Lybrand from 1982 to 1993. He is a consultant and advisor for family-owned concerns, having been a member of Boards of Directors and Fiscal Councils since 1997, some of which he presided over. He was a member of the Board of the International Federation of Accountants (IFAC) and a member of the Accounting Pronouncements Committee (CPC), as well as several technical accounting-related groups at the Brazilian Institute of Independent Auditors (IBRACON), the Brazilian Securities and Exchange Commission (CVM), the Federal Accounting Council (CFC), the Ministry of Justice, and the Interamerican Association of Accountants (IAA). He was also a member of the Brazilian delegation in several United Nations accounting-related meetings. He was President of the São Paulo chapter of IBRACON and of the national IBRACON from 1986 to 1990 and of the São Paulo Regional Accounting Council (CRC-SP) from 2004 to 2005. He was Technical President of the Federal Accounting Council from 1992 to 1995 and from 2006 to 2007, as well as a member of the Board of the CFC until 2009. With degrees in Economics and Accounting, as well as a Master’s in Accounting, he has been a professor at the Pontifical Catholic University of São Paulo (PUC-SP) since 1972, occupying several chairs in the Accounting area.
Raimundo Lourenço Maria Christians, member of the fiscal council), Born in 1957, begun his carreer at PricewaterhouseCoopers from 1979 to march 25, 2011, when we retired. In 32 years, worked on accounting and financial areas and lately on fiscal matters. Became parent in 1994 and was elected member of the Global Governance Board (2001 to 2005) and Oversight Board to South America (2000 to 2005) from PwC. Currently is Officer at Holland-Brazil Commerce Chamber and member of Finance, Accounting and Financial markets commission at Brazilian Corporate Governance Institute. He holds a bachelor’s degree in accounting of Universidade Católica de Campinas - PUCC.
Antonio Luiz de Campos Gurgel, born in 1940, he has been an alternate member of the Fiscal Council since 2009. Currently, he is a member of the Fiscal Council of Via Varejo S.A. He served as Fiscal Auditor of the Brazilian Internal Revenue Service, and, as advisor, he worked with companies such as Cargill Agrícola S.A., Companhia Energética do Estado de São Paulo - CESP, Hewlett-Packard Brasil Ltda., IBM Brasil Indústria, Máquinas e Serviços Ltda., TELESP - Telecomunicações de São Paulo S.A., Volkswagen do Brasil Indústria de Veículos Automotores Ltda., Banco Bradesco S.A., Banco Itaú Unibanco S.A. and Banco Real ABN Amro S.A. He worked as associate professor in the Accounting, Finance and Control Department of FGV/EAESP. He graduated in Business Administration from FGV/EAESP and holds an MBA from the Michigan State University, U.S.A.
Carlos Eduardo Mori Hanada is a controller at CBEP. He graduated from the University of São Paulo (USP) and completed a specialization course in Capital Markets at the Accounting School of the University of São Paulo (FIPECAFI-USP).
William Pereira Pinto is the accounting and auditing specialist on Banco Pine’s Audit Committee. He was Junior Partner at Ernst & Young Terco, where he was responsible for external audits of middle market companies and private equities. He was also responsible for the auditors’ training and professional development program at Terco Grant Thornton, as well as the company’s office quality review. He also provided advisory services for several companies related to the implementation of internal control, the evaluation of controls for SOX certification and projects for the implementation of IFRS, all of which for Ernst & Young. He has a degree in Accounting Sciences from São Judas Tadeu University and an MBA (Controller) from the Accounting School of the University of São Paulo (FIPECAFI-USP), with a module abroad, at St John’s University, in New York.