Management, Boards and Committees

Statutory Board

The Board is composed of 3 (three) and 5 (five members), with 01 (one) CEO, 01 (one) Financial and Investor Relations Director, 01 (one) Operations Director; and up to 02 (two) Directors with no particular designation, in accordance with what was established by the Board of Directors

Name Position
Livio Hagime Kuze CEO

Mr Livio Kuze earned a bachelor’s degree in B.A. from the Fundação Getulio Vargas’s São Paulo School of Business Administration, in 2001. Mr Livio Kuze took specialization courses at the following institutions: INSEAD – Strategy and Leadership (2012), University of Pennsylvania  – Finance (2012) and  University of Chicago – Corporate Finance (2014). Mr. Livio Kuze has an executive role at InterCement Group since 2019, acting as Director Stategic Planning, HR, Business Development, among others, taking the of CEO of InterCement Brasil in 2021. Before that, from 2010 to 2019, Livio held executive roles at Mover Participações, cumulating in some periods the roles of executive and member of Board of Directors at Vexia, CPFL Energia e Alpargatas S.A.. From 2001 to 2010 Mr. Kuze worked at MasterCard Advisors, Santista S.A., Unibanco and A.T.Kearney. Currently, Mr Livio Kuze also serves as Director at InterCement Brasil controlled companies, such as: Barra Grande Participações S.A., Machadinho Participações S.A., COMICAN – Companhia de Mineração Candiota, EcoProcessa – Tratamento de Resíduos LTDA. and NeoGera Investimentos em Inovação Ltda. Livio is member of Board of Directors of Loma Negra and substitute member at CCR’s Board of Directors.

Ricardo Rodrigues Congro Operations Director

Mr Ricardo Congro is an electrical engineer and earned his bachelor’s degree from the Universidade Federal de Itajubá in 2001. Ricardo Congro took specialization courses at the following institutions:  Fundação Getulio Vargas – MBA in Business Management (2004-2005), Fundação Dom Cabral  – Executive MBA (2010-2012) and Northwestern University – INTERNATIONAL MBDA (2014). Mr Congro joined the Company as a trainee in 2002, and acted in different areas, serving as an executive since 2014. Mr. Ricardo Congro is responsible for all Industrial Division on entire InterCement Group since July 2019, acting before that, from 2017 to 2019, as Industrial Director at NPC – InterCement’s South African cement operation unit. Currently, Mr. Congro holds positions at InterCement Institute and also serves as Director at InterCement Brasil controlled companies, such as: Companhia de Mineração Candiota – COMICAN, EcoProcessa – Tratamento de Resíduos LTDA and NeoGera Investimentos em Inovação Ltda.

Armando Sérgio Antunes da Silva Financial and Investor Relations Director

Mr Armando da Silva holds a bachelor’s degree in economics from the Universidade Estadual de Ponta Grossa, in 1992, took a specialization course at FECAP (Fundação Escola de Comércio Álvares Penteado) in 1997 and in FGV (Fundação Getulio Vargas) in 200. Also completed a MBA at the Fundação Dom Cabral, in 2010, with an extension course in marketing at the Kellogg School of Management in 2010. Mr  Armando joined InterCement group in 1993, holding several Finance executive positions since 2008 in different companies of the group, such as InterCement Brasil, Loma Negra in Argentina, Cimpor in Portugal and at the holding InterCement Participações. Currently, Armando also serves as director at some companies of the group in Europe, such as InterCement Trading e Inversiones – Spain, InterCement Portugal – Portugal and InterCement Financial Operations B.V. – Netherlands. In Brazil also serves at InterCement Brasil controlled companies such as: Barra Grande Participações S.A., Machadinho Participações S.A., Estreito Participações S.A., COMICAN – Companhia de Mineração Candiota, EcoProcessa – Tratamento de Resíduos Ltda. e NeoGera Investimentos em Inovação Ltda.

José Martins Caires Human Resources Director

Mr José Martins Caires holds a bachelor’s degree in B.A. from the Universidade Nove de Julho de São Paulo, in 2005. Mr José Caires took specialization course in Business Administration at the Universidade de São Paulo FIA-USP in 2010. Mr. Caires joined InterCement group in 2019 as responsible for Global Compensation, becoming HR Director in the same year. Jose Caires has 20 years of experience in Human Resources serving in several HR leadership positions since 2013 at Johnson&Johnson, ReckittBenckiser and Serasa Experian. Mr. Caires also worked at Duratex, LouisDreyfus Commodities, PernodRicard, Banco Votorantim and Mercedes-Benz, among others.

Board of Directors

The company is administered by a Board of Directors and by an Executive Board, in accordance with the attributions and powers conferred by the applicable legislation and regulations and by the Bylaws. In addition to those mentioned in the Bylaws, the Board of Directors can create other Committees to provide support and advice in managing the Company.

It is composed of at least 5 (five) and a maximum of 7 (seven) members, in addition to an equal number of deputies, all of whom are elected and can be dismissed by the General Shareholders Meeting, for unified mandates of 1 (one) year, with re-election allowed.

Name Position Date Elected Termination of Mandate
Flávio Mendes Aidar Chairman 05/17/2021 AUG 2022

Mr Flavio M. Aidar is company’s Chairman. Mr. Flavio holds a bachelor’s degree in B.A. from the Fundação Getúlio Vargas in São Paulo in 1998. Since 2019 Mr Flavio Aidar is the CEO of InterCement Participações. Served at Mover’s Advisory Board, from June 2017 to March 2019, company that acts on cement industry, housing sector, engineering, construction and public concessions. From April 2010 and June 2017 and from 2000 to 2005, served in several positions in Brazil and New York at Goldman Sachs, acting as investment bank managing director and member of Management Committee as last roles. From 2005 to 2010, served as investment bank Vice-President for Latin America at Citigroup Global Markets. From 1998 to 1999 , held investment bank analyst position at Santander. Before that, from 1997 to 1998, Mr. Aidar acted as trainee and assistant corporate bank and treasury manager at Lloyds Bank. Currently, Flavio Aidar also holds Chairman role at Loma Negra in Argentina, and Chairman of the Board of Brazilian Cement Industry Association – SNIC and the Brazilian Portland Cement Association, and member of Board of the Directors of CCR Group.

Paulo Sergio de Oliveira Diniz Member 05/17/2021 AUG 2022

Mr Paulo Diniz is member of InterCement Brasil’s Board of Directors. Paulo holds a bachelor’s degree on production engineer from the Politécnica School at Universidade de São Paulo in 1980. Mr Diniz also obtained an MBA from the IMD, Switzerland, in 1985, and took a specialization course in human resources at INSEAD, France, in 1994. Mr. Diniz has more than 30 years experience as Finance executive, serving since 2015 the role of Finance and IR Vice-President at InterCement Participações, holding that controls InterCement group, and also serves as director at some companies of the group in Portugal, such as InterCement Portugal and InterCement Imobiliária. From 2011 to 2015, Paulo Diniz held different executive positions at Amyris Inc., and served as Finance Director at Bunge Brasil, from 2009 to 2010, and at Cosan, from 2003 to 2009. Mr. Diniz is also member of Board of Directors at Loma Negra in Argentina and InterCement Institute.

Sergio Damian Faifman Member 05/24/2021 AUG 2022

Mr. Sergio Damián Faifman is member of InterCement Brasil’s Board of Directors. Mr. Sergio is an Argentinean citizen and earned a bachelor’s degree in public accounting from the Universidade de Buenos Aires in 1997. Mr Faifman also obtained an MBA from the Universidade Del CEMA in 2002. In 2019 Mr Faifman was appointed Vice-President of the National Association of Portland Cement Producers and of the Argentine Portland Cement Institute. Sergio Faifman serves at Loma Negra as Board of Directors Vice-Chairman and as CEO since 2016. Started his career at Loma Negra in 1994, serving at different positions such as Supply and Logistics Director, from 2015 to 2016, and Finance Director, from 2012 to 2015. Before that Mr. Faifman served as executive role at InterCement Participações as Controller, from 2010 to 2012, and as Controller and Taxes Manager in Loma Negra, from 2006 to 2010. Currently, Mr. Sergio Faifman is also Chairman of the Board of Directors at Ferrosur Roca S.A., Cofesur S.A.U. and Recycomb S.A.U.

Luiz Augusto Klecz Member 05/17/2021 AUG 2022

Mr Luiz Augusto Klecz is is member of InterCement Brasil’s Board of Directors. Mr. Luiz is a lawyer and earned his bachelor’s degree from the Universidade de São Paulo in 1993. Mr. Luiz August Klecz also has an MBA from the Universidade de CEMA, in Buenos Aires, and concluding the course at Insper in 2009. Currently, Mr Luiz Augusto Klecz serves as Legal Counsel at InterCement Participações, controlling company of InterCement Brasil. Also holds director roles at director at some companies of the group in Europe, such as: InterCement Trading e Inversiones S.A., InterCement Trading e Inversiones Egipto S.A., InterCement Trading e Inversiones Argentina S.A., and at the Instituto InterCement as a member of the Advisory Board.

Marise Ribeiro Barroso Member 05/24/2021 AUG 2022

Ms Marise Barroso is part of Board of Directors as an independent member. Graduated in social communication in Universidade Federal do Rio de Janeiro – UFRJ, holds a master’s degree in administration from the Universidade Metropolitana (Venezuela), and took a retail sector specialization course at Babson College (EUA) and an extension course in marketing at the Wharton School (EUA). In 2011 and 2014, she was named by the Valor Econômico newspaper, in partnership with Egon Zehnder International, one of the 10 Best Women Business Managers in Brazil, and in 2016 she was named by Revista Forbes Brasil one of the 46 Brazilian women who translate the real meaning of female empowerment. Ms Barroso has a 38-year executive trajectory in marketing, sales, new business development and general management, developing her career in international companies in various segments: retail, technology, consumer goods, construction, the media and services. Her last executive position was that of Vice-President at AVON Brasil and her previous positions were CEO of Masisa Brasil, CEO of the Grupo Mexichem (Amanco) in the South Cone – Brazil, Argentina and Chile, Corporate Marketing Director of the Grupo Amanco in Latin America, Marketing and Sales Director at AOL Brasil, Marketing Director of the Grupo Casino in Venezuela and Marketing Director of the Grupo Cisneros in Venezuela, Currently, Marise is Chairwoman of the Board of Directors at Amata Brasil S.A., and Board Member at Mills Estruturas e Serviços de Engenharia S.A., Docile Alimentos Ltda, Prática Klimaquip Industria e Comércio S.A. and she is also the owner of MRB Consultoria.

Ana Lucia Moreira Caltabiano Member 05/24/2021 AUG 2022

Ms Ana Lúcia Caltabiano is part of Board of Directors as an independent member. Graduated in business adminstration in Fundação Getúlio Vargas. She also took the Kellogg School of Management’s Executive Program. Recently, Ms Caltabiano obtained an Executive Coaching certificate at INSEAD. For 10 years Ms Caltabiano held various positions at Procter & Gamble, focusing on the regional leadership sector in the human resources department. In1999 she began her career at Hewlett Packard (“HP”), holding positions such as HR Director for Latin America and the Caribbean and subsequently leading the HR Latin America sector in the Integration Project of the Compaq/HP merger. In 2009 Ms Caltabiano joined GE, where she was HR LATAM Director. Later, she was invited to join GE’s Corporate Executive Development team based in Schenectady and Fairfield in the United States. At the end of 2012 Ms Caltabiano was promoted to the position of Senior Latin America Executive, leading the Board of HR LATAM and responsible for providing support for more than 15,000 employees in 23 countries. Since 2019 Ms Caltabiano has taken on new tasks, assuming positions such as member of the GE Talent Officer team, leading the Human Resources Talent Strategy. Ana Lúcia is also a volunteer in the Liga Labora program and is currently a member of the Board of Directors at the Instituto Ayrton Senna and Mills Estruturas e Serviços de Engenharia S.A., a company that is listed on the São Paulo Stock Exchange.

Audit Committee

The Company has a permanent audit committee (“Audit Committee”) which is an advisory body linked to the Board of Directors, with operational autonomy and its own budget approved by the Board of Directors.

Name Position Date Elected Termination of Mandate
Marise Ribeiro Barroso Coordinator 06/22/2021 AUG 2022

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Ana Maria Elorrieta Member 06/22/2021 AUG 2022

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Ana Lucia Moreira Caltabiano Member 06/22/2021 AUG 2022

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Finance and Strategy Committee

The Company has a Finance and Strategy Committee with at least three members appointed by the Board of Directors, and a) at least two of which are members of the Board of Directors; and b) all must have the technical capacity required to perform the Committee’s activities.

Name Position Date Elected Termination of Mandate
Paulo Sergio de Oliveira Diniz Coordinator 06/22/2021 AUG 2022

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Sergio Damian Faifman Member 06/22/2021 AUG 2022

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Marise Ribeiro Barroso Member 06/22/2021 AUG 2022

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Governance, People and Sustainability Committee

The Company has a Governance, People and Sustainability Committee with a least three members appointed by the Board of Directors, and a) at least two of which are members of the Board of Directors; and b) all must have the technical capacity required to perform the Committee’s activities. Its attributions include: (i) define policies regarding remuneration, people development and training programs, executive and employee compensation; (ii) provide support for processes involving assessment, selection and development of top leaders and succession plans; (iii) evaluate profit-sharing programs;; (iv) monitor organizational climate management; (v) evaluate policies and conducts relative to ESG: Safety, Environment, Health, Social Actions, Communication, Reputation and Institutional Relations; (vi) monitor the fulfillment of the of the Company Bylaws, procedures, codes and policies; (vii) supervise the activities of the Board and Committees; (viii) make recommendations regarding Committee structures to the Board; (ix) help coordinate the annual schedule of Board and Committee meetings; (x) help select and recommend candidates to occupy positions on Committees to the Board, as well as new Board members to fill in any vacancies that may arise.

Name Position Date Elected Termination of Mandate
Flávio Mendes Aidar Coordinator 06/22/2021 AUG 2022

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Luiz Augusto Klecz Member 06/22/2021 AUG 2022

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Ana Lucia Moreira Caltabiano Member 06/22/2021 AUG 2022

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