Board of Directors and Management

Executive Officers

The board of executive officers is our executive body, and is responsible for the management of our corporate activities. The board is composed of a minimum of five and a maximum of 10 members, shareholders or otherwise, residing in Brazil, of which one is Chief Executive Officer, one is Investor Relations Officer, one is Chief Financial Officer, one is Chief Operating Officer, one is Chief Engineering Officer, one is Chief Quality Officer and the others, if elected, shall take office without specific designation and with such powers as set by the board of directors.

Name	Position	Date of Election	Term
Luiz Renato Durski Junior	Chief Executive Officer	01/2025	01/2027
Prior to opening his first restaurant in 1999, he was a sustainable lumber trader for 20 years. Since then, he developed and launched Madero in 2005, and has received numerous awards in Brazil, including Chef of the Year by Veja Magazine, Best Cheeseburger by Gula Magazine, and Best Wine List by Wine Spectator. He holds a law degree from Faculdades Integradas Itapetininga.
Ariel Leonardo Szwarc	Chief Financial Officer	01/2025	01/2027
He previously served on the boards of several companies, such as Universal Fitness Group from November 2012 to December 2016, Invespark Empreendimentos Imobiliários Ltda. from April 2011 to December 2016 and IFSA from 2011 to 2016. He served as a member of the audit and finance committee of Brasil Kirin from 2012 to 2013. Prior to joining us, he was the Chief Financial Officer and Head of Investor Relations at Positivo Informática S.A. from August 2008 to February 2011, where he also served as a member of the audit committee from 2011 to 2015, and the Chief Financial Officer at Case IH Global Brand (CNH Industrial N.V.) from April 1999 to July 2008. He completed studies in Accounting Sciences at the Universidad de Buenos Aires, where he also served as a professor.
Rafael de Oliveira Mello	Chief Operating Officer	01/2025	01/2027
Prior to joining us, he was Foreign Trade Officer (Comex) from October 2010 to May 2013 at Belarina Alimentos S.A., Manager of the Brazilian headquarters and Trader at Directsource Imports LLC from December 2009 to October 2010, Trader at Marine Box Lumber Agency Ltda., from October 2008 to December 2009, and Commercial Representative at Multigrain S.A. from January 2006 to October 2008. He holds a Business Administration and Foreign Trade degree from the Faculdade Internacional de Curitiba.
Nicolas Raymond Gorguet	Chief Quality Officer	01/2025	01/2027
Officer at the Company. He has a degree in hotel administration from Chateau de L’Archette in Orleans, France, and has vast international experience in companies such as The Ritz Carlton Hotel Company LLC USA & Canadá, Groupe Restoleil Paris, Etihad Airways Abu Dhabi, among others.
Marcelo Gil Aldenucci	Investor Relations Officer	01/2025	01/2027
Joined Grupo Madero in 2019 as non-statutory Chief Compliance Officer, being appointed as statutory Investors Relations Officer and non-statutory Financial Officer in September 2022. He has previously worked at HSBC Bank, Deloitte and KPMG, in Brazil and in the UK. Marcelo holds degrees in Computer Engineering and Accounting, and a master’s degree in Industrial and Systems Engineering.
Hianaê Schramm	Officer	01/2025	01/2027
She was previously a legal manager at ALL América Latina Logística S/A (currently known as Rumo Logística S.A.) from 2010 to 2016. She was also a legal coordinator in civil engineering and agribusiness companies between 2005 and 2010. Hianaê has a law degree from Universidade Estadual de Londrina and specialization degrees in business and civil law from FAE Centro Universitário and Pontifícia Universidade Católica do Paraná, respectively.
Murillo Piloto Proença	Officer	01/2025	01/2027
Officer at the Company. Previously, he was a manager at Microdata Sistemas between 2011 and 2014, where he was responsible for the management of a software factory and the consulting, support and infrastructure sectors. He was also an IT manager at Selene Indústria Têxtil and at Coan Alimentação e Serviços. He has a degree in data processing from Universidade Estadual Paulista and an MBA in project management from Fundação Getulio Vargas.

Board of Directors

Our board of directors is the decision-making body responsible for establishing our general business policies, as well as controlling and overseeing our performance and other duties established by our bylaws. Meetings of our board of directors are held whenever convened by any member of our board of directors.

The Bylaws provide that the Board of Directors must be composed of at least 9 and at most 11 effective members, shareholders or not, resident in the country or not, elected and removed by the General Shareholders’ Meeting, with a unified mandate of 2 years, considering each year as the period between 2 Ordinary General Meetings, reelection being allowed. Among the members of the Board of Directors, at least 2 or 20% of them, whichever is greater, must be independent directors, as defined in the Novo Mercado Regulation and provided for in the Internal Regulation of the Board of Directors.

Name	Position	Date of Election	Term
Fernando Cezar Dantas Porfírio Borges	Chairman	02/2023	02/2025
He is a Managing Director and Head of Private Equity at SPX Capital since 2021. He was previously Head and Managing Director at the Carlyle South America Buyout group focused on private equity investment opportunities in the region. Prior to joining Carlyle, he was a Managing Director at AIG Capital Partners and CEO of AIG Capital Investments do Brasil, being responsible for managing AIG’s private equity activities in Brazil. From 1994 to 1999, he was a Director of Bozano, Simonsen’s Private Equity division, where he was responsible for managing a private equity fund sponsored by Bozano, Simonsen Group and Advent International. He has 25 years of private equity experience in Brazil, having participated in more than 25 transactions in the region. He holds a graduate degree from the School of Advanced International Studies (SAIS) of Johns Hopkins University, the Bologna Center, and a Bachelor of Arts degree in international relations from the Universidade de Brasilia. He currently serves on the board of directors of several of Carlyle’s portfolio companies in Brazil, including Ri-Happy Brinquedos S.A., Estok Comércio e Participações Ltda. (Tok & Stok), Tempo Participações and Grupo Uniasselvi. He is the Vice-Chairman of the Brazilian Association of Private Equity & Venture Capital (ABVCAP), as well as a member of the Board of the Latin American Private Equity & Venture Capital Association (LAVCA) and the Emerging Market Private Equity Association (EMPEA).
Brandon Reid Staub	Director	02/2023	02/2025
He is a member of our board of directors. He is the principal at the Carlyle Group is New York, with a focus on consumer and retail acquisitions. He was previously an investment banking analyst at J.P. Morgan, with a focus on the consumer and retail sectors. He has magna cum laude degrees from the University of Pennsylvania, with a business degree from the Wharton School and a bachelor’s from the College of Arts & Sciences, and an MBA from Stanford University.
Luiz Renato Durski Junior	Director	02/2023	02/2025
Prior to opening his first restaurant in 1999, he was a sustainable lumber trader for 20 years. Since then, he developed and launched Madero in 2005, and has received numerous awards in Brazil, including Chef of the Year by Veja Magazine, Best Cheeseburger by Gula Magazine, and Best Wine List by Wine Spectator. He holds a law degree from Faculdades Integradas Itapetininga.
Ariel Leonardo Szwarc	Director	02/2023	02/2025
He previously served on the boards of several companies, such as Universal Fitness Group from November 2012 to December 2016, Invespark Empreendimentos Imobiliários Ltda. from April 2011 to December 2016 and IFSA from 2011 to 2016. He served as a member of the audit and finance committee of Brasil Kirin from 2012 to 2013. Prior to joining us, he was the Chief Financial Officer and Head of Investor Relations at Positivo Informática S.A. from August 2008 to February 2011, where he also served as a member of the audit committee from 2011 to 2015, and the Chief Financial Officer at Case IH Global Brand (CNH Industrial N.V.) from April 1999 to July 2008. He completed studies in Accounting Sciences at the Universidad de Buenos Aires, where he also served as a professor.
Giuglio Paolo Munaretto	Director	02/2023	02/2025
Currently our operations director. Previously, he was a processes and industrial engineer at Volkswagen Brazil and at Marquardt GmbH in Germany. He has a degree in controls and automation engineering from Pontifícia Universidade Católica do Paraná, an MBA in project management from Fundação Getulio Vargas, and a specialization degree in corporate management from Universidade Estadual do Paraná.
Hianaê Schramm	Director	02/2023	02/2025
She was previously a legal manager at ALL América Latina Logística S/A (currently known as Rumo Logística S.A.) from 2010 to 2016. She was also a legal coordinator in civil engineering and agribusiness companies between 2005 and 2010. Hianaê has a law degree from Universidade Estadual de Londrina and specialization degrees in business and civil law from FAE Centro Universitário and Pontifícia Universidade Católica do Paraná, respectively.
Maysa Ditzel Durski Munaretto	Director	02/2023	02/2025
Member of our board of directors, and our engineering officer, a position she has held since 2020. She was also our civil engineer from February 2014 to August 2020. She holds a civil engineering degree from Universidade Positivo.
Lucia Maria Martins Casasanta	Independent Director	02/2023	02/2025
Grupo Madero’s Independent Board Member and Audit Committee Coordinator since May 2022, also holds positions as Fiscal Council Member at Weg, Board Member at VEM Conveniência, Audit Committee Coordinator at Vast (former Açu Petróleo), Audit Committee Member at Profarma and Member of the Finance, Risk and Governance Committee at Falconi. Lucia was Governance, Risk and Compliance Director at Eletrobras from 2020 to 2021. Previously, she worked at Arthur Andersen and Deloitte from 1984 to 2013, being 13 years as Partner of the Audit and Risk Management practices. Lucia holds an Economics degree from Universidade Federal de Minas Gerais, na Accounting degree from Universidade Santa Úrsula, a Financial Management graduate degree from Fundação Dom Cabral and a Master in Management degree from IBMEC.
Martin Secco Arias	Independent Director	02/2023	02/2025
He was the Global CEO of Marfrig Global Foods between 2014 and 2018, and, prior to that, Latin America CEO for Marfrig Global Foods between 2010 and 2014. Between 2006 and 2010, he was CEO of Marfrig Global Foods Uruguay. He has a degree in business administration from Universidade Católica do Uruguai.
Edson Gustavo Georgette Peli	Alternate Director	02/2023	02/2025
He is Managing Director of Private Equity at SPX. He was previously the Managing Director of the Carlyle Group in São Paulo since 2008. He has served on the board of directors of Vitru Brasil since 2015, and has also served on the board of Ri Happy Brinquedos S.A. He was previously at Credit Suisse Brasil between 2004 and 2008 and at Banco Citibank in 2004. He has a business degree from Fundação Getulio Vargas and a corporate finance specialization degree from the University of Texas at Austin.
Luiz Fernando Berbetz Martins	Alternate Director	04/2023	02/2025
Luiz is FP&A Director at the Company since 2019, and was previously Global CFO at Positivo BGH from 2017 to 2019. He has a degree in Acconting from FAE, a master’s degree from UFPR, as well as a MBA from Insead.
Gustavo Mateus da Silva Rego Aranha	Alternate Director	04/2024	02/2025
Graduated in Business Administration, with an MBA in Financial Management. He was responsible for the areas of Internal Controls and Operational Risk Management and Controllership at Banco Renault, and in the areas of Compliance, Internal Controls and Risk Management at Renault do Brasil.