Management and Board of Directors

The Board of Directors is comprised of at least 3 (three) and at most 10 (ten) members, all shareholders, elected at the Shareholders¬ī Meeting. Possession of board members resident or domiciled abroad is subject to the establishment of resident representative member living in the country, with powers to receive service on proposed actions against him based in corporate law, by proxy with an expiration date that should extend for at least 3 years after the end of the term of office member.

Board of Directors members

Rogério Luiz Lima Fiqueira, Officer of the following Companies: Usinas Carapebus - Companhia Açucareira Usina Cupim - Companhia Açucareira Usina Barcelos - shareholder of the Company Empresa Fiqueira Consultoria e Contabilidade Ltda - Fiscal Council Member of Empresa Pronor S.A. Worked for Grupo BBM (from 1985 to 2007) in the following segments: financial , agro, Real estate, industrial and holding Companies, served as Accounting Manager, Auditor Manager, Controller Officer; from 1980 to 1985, served as Accounting Manager at Grupo Anglo American Corporation do Brazil.

Renato Bezerra de Mello de Vasconcelos, Board of Directors chairman, founder shareholder of Escola Nova Ltda (Pre School) and founder of Arquiteturart S/C Ltda.

Fiscal Council

The Fiscal Council shall operate on a non-permanent basis, with powers and duties assigned thereto by laws and shall only be installed by resolution of the Shareholders Meeting, or upon request of shareholders, in the assumptions provided for by laws. The Fiscal Council is comprised of of 3 (three) to at most 5 (five) effective councilors and the same numbers of alternate members. The application installation will be made ​​by the shareholders at the General Meeting, which shall elect its members, regardless of such matters included in the agenda. Holders of preferred shares are entitled to elect, in a separate vote, one (1) member and an alternate; equal right have minority shareholders, provided that they jointly represent 10% (ten percent) or more of the shares voting rights. The Audit Committee, once installed, will run until the first Annual General Meeting following their installation, and their competence, during this period, the duties provided for by art. 163 of Law No. 6.404/76. The function of the Audit Committee is delegated.

Board of Executive Officers

Comprised of at least 2 (two) and at most 5 (five) members being two Chief Officer, all of them elected by the Board of Directors. The Board of Directors shall elect the Board of Executive Officers members with no special designation; up to 1/3 of the Board of Directors members shall be Executive officers.

Rogério Luiz Lima Fiqueira, Officer of the following Companies: Hoteis Othon S.A.Usinas Carapebus - Companhia Açucareira Usina Cupim - Companhia Açucareira Usina Barcelos - shareholder of the Company Empresa Fiqueira Consultoria e Contabilidade Ltda - Fiscal Council Member of Empresa Pronor S.A. Worked for Grupo BBM (from 1985 to 2007) in the following segments: financial , agro, Real estate, industrial and holding Companies, served as Accounting Manager, Auditor Manager, Controller Officer; from 1980 to 1985, served as Accounting Manager at Grupo Anglo American Corporation do Brazil.

Carlos Eduardo Ripper Vianna Filho, Officer of Hot√©si Othon S.A and Investor Relations Officer of Hot√©is Othon S.A. CEO of Empresa Othon Empreendimentos Hoteleiro S.A., since 09/30/2011, CEO of Empresas Companhia A√ßucareira Usinas Cupim, Companhia A√ßucareira Usina Barcelos e Usina Carapeb√ļs S.A,, since 07/26/2011, Officer of Hot√©is Othon S.A from 10/01/2013 to 04/07/2014, used to be Financial Officer of Barcas S.A. from 11/04/98 to 02/09/00, Financial Officer of Ciferal from 07/23/87 to 01/28/94 and International Insurance Manager of Banco Real from 08/09/77 to 05/02/78.