Belo Horizonte, December 7, 2017 - Kroton Educacional S.A. ("Kroton" or "Company") - (B3: KROT3; OTCQX: KROTY), in compliance with CVM Instruction 358/2002, as amended, announces to shareholders, investors and the general market that, on the date hereof, the Board of Directors of Kroton accepted the resignation from the office of Statutory Chief Financial Officer tendered by Mr. Frederico Brito e Abreu, who is leaving to pursue new challenges. At Kroton since 2009, the executive has played an important role in various of the company’s transformational transactions, such as the mergers of IUNI, Unopar and Anhanguera, and in the construction and consolidation of the pillars of the budget culture, the projects to capture efficiency gains and the initiatives that substantially facilitated students’ lives through innovative solutions in private financing to students, such as PEP and FEP. Mr. Abreu will continue to transfer his activities through December 31, after which period he will be bound by a non-compete agreement valid to December 31, 2019. Kroton takes this opportunity to register its sincere appreciation to Mr. Frederico Brito e Abreu for his dedication and contribution over these years, and wish him much success.

The Company further informs that its Board of Directors has approved the nomination of Mr. Jamil Saud Marques to serve as the new Chief Financial Officer, effective January 1, 2018. He holds a B.Sc. degree in Production Engineering from the Polytechnic School of the University of São Paulo (Poli-USP) and an MBA from INSEAD in France and Singapore. At Kroton since 2015, the executive previously served as Financial Planning Director, responsible for the Financial Planning and Budget Control, Treasury, Credit and Collection, and Financial Products areas. Before joining Kroton, he served as Financial and Strategic Planning Director at AES Brasil, and worked at the strategic consulting firm McKinsey & Company, in Latin America, and on designing and distributing structured projects at UBS in São Paulo, Zurich and London.

Lastly, the Board of Directors has elected three new members to the Company’s Statutory Executive Board:

The newly elected officers will be invested on December 8, 2017 and will serve a unified term with the current Board of Executive Officers, i.e. ending December 31, 2018. With the new members, Kroton’s Board of Executive Officers now has six members.

Kroton wishes the new officers much success and remains available to provide any clarifications through its Investor Relations Department.
Carlos Lazar, Pedro Gomes or Ana Troster
Telefone: + 55 (11) 3133.7309, + 55 (11) 3133.7311 ou + 55 (11) 3133.7314

Contact IR

Phone: (55 11) 3133-7309