Councils, Committees and Executive Board

Diretoria conselho e comites

Board of Directors
Name Position Date of Election and Investitture Term of Office
José Ignacio Sánchez-Galan Chairman 08/24/2017 08/24/2019
Graduated in industrial engineering from Escuela Técnica Superior de Ingeniería – ICAI of the Universidad Pontificia Comillas (Madrid). He holds a degree in Business Administration and Foreign Trade from Instituto Católico de Administración y Dirección de Empresas – ICADE of Universidad Pontificia Comillas (Madrid) and in Business Administration and Foreign Trade from Escuela de Organización Industrial (EOI), Madrid. Currently, he holds the position of Board Member in several companies of the Iberdrola group. Prior to joining Neoenergia, he held management positions at the Spanish company Tudor S.A. (Exide Group) and served as director and general manager of Industria de Turbo Propulsores S.A. He also held the position of Chairman of Eurojet and Chief Executive Officer of Airtel Móvil (now Vodafone Spain). Mr. Galán holds honorary degrees from the universities of Salamanca, Edinburgh and Strathclyde, where he is visiting professor. He currently chairs the utilities group at the World Economic Forum and is a member of the steering committee of the European Round Table of Industrialists. He is also a member of the Global Sustainable Electricity Partnership and the Magritte Group. In 2014, Mr. Galán received the Award for Responsible Capitalism from FIRST, a multidisciplinary international affairs organization.
Jose Sainz Armada Sitting member 08/24/2017 08/24/2019
Graduated in law and business administration from ICADE of the Universidad Pontificia Comillas, and holds an MBA from INSEAD. Currently Mr. Armada holds management positions in several companies of the Iberdrola group. He began his professional career at JP Morgan and later held various positions at the Corporación Bancaria de España, where he was CFO from 1996 to 2000. He worked at Banco Bilbao Vizcaya Argentaria as General Manager of Asset Management from 2001 to 2002, and Managing Director of Corporate Value from 2000 to 2001. He is also a board member of Jarama Desarrollos Inmobiliarios, SL and CEO of Querada, SL.
Juan Carlos Rebollo Liceaga Sitting member 08/24/2017 08/24/2019
Graduated in business administration, specialized in finance, from the Deusto Business School de Bilbao. He holds management positions in several companies with the Iberdrola group. Previously, he worked for Arthur Andersen & Co.
Mario Jose Ruiz-Tagle Larrain Sitting member 08/24/2017 08/24/2019
Graduated in Law from Universidad Diego Portales with an MBA from the Pontificia Universidad Católica of Chile. He currently holds management positions in several companies of the Iberdrola group. He has extensive experience in the energy sector. He was chairman of the Board of Directors of the Water Company of Los Lagos – ESSAL, of Empresa Electrica Lican S.A., and of Iberoamericana de Energía – IBENER S.A. Currently he is Chief Executive Officer of Neoenergia Group and sitting member of the Board of Directors of Neoenergia S.A.
Pedro Azagra Blazquez Sitting member 08/24/2017 08/24/2019
Chief Development Officer of the Iberdrola Group. Mr. Azagra Blazquez earned a Business Degree and a Law Degree from Universidad Pontificia de Comillas – ICADE and a Master in Business Administration from the University of Chicago, Graduate School of Business. Currently, also holds positions as a Member of the Executive Committee of the Iberdrola Group and Avangrid, Inc, Executive Member of the Board of Directors of Avangrid, Inc., Member of the Board of Directors of Neoenergia Brasil and Siemens Gamesa Renewable Energy and Member of the Audit Committee of Neoenergia Brasil. Among other roles, he previously was in charge of the US businesses of Iberdrola Group and served as Director of Strategy, responsible for the M&A activities of the Iberdrola Group. Mr. Azagra Blazquez also served as Member of the Board of Directors of Iberdrola Mexico, Energy East, Rochester Gas and Electric, New York State Electric and Gas Corporation, Iberdrola Portugal and Rokas. He has been a Member of the Audit and Compliance Committee of Iberdrola México. Before joining Iberdrola, he served in the Investment Banking Division at Morgan Stanley executing mergers, advisory mandates, equity offerings and debt offerings. He is also a professor of corporate finance, mergers and acquisitions at ICADE.
Santiago Matias Martinez Garrido Sitting member 08/24/2017 08/24/2019
He holds a law degree from Universidad Complutense de Madrid, a degree in Business Law from Universidad CEU San Pablo, a graduate of the IESE Business School (Institute of Higher Enterprise Studies – IESE) at Universidad de Navarra and a PhD from the Universidad Autónoma de Barcelona. Currently he holds management positions in several companies of the Iberdrola group. Previously he acted as state prosecutor in the Supreme Court of Justice of Catalonia and Castilla-La Mancha and in the Ministry of the Interior, as director of the legal department of the Ministry of Justice. He also served as Chief of Staff of the Spanish Minister of Justice and the Spanish Secretary of Justice from 2000 to 2004. He has been a member of the Board of Trustees of the Real Academia de Jurisprudencia y Legislación de Madrid since 2014. He also served as a member of the board of directors of Transmediterránea, Infoinvest and Sociedad Estatal de Exposiciones Internacionales. Member of the Bar Association of Madrid and lawyer of the regional government of Castilla y León and the Council of State.
Marcus Moreira de Almeida Sitting member 08/24/2017 08/24/2019
Graduated in Business Administration from Universidade Federal Fluminense – UFF with an MBA in finance from the Instituto Brasileiro de Mercados de Capital (IBMEC). He developed his career at Banco do Brasil S.A., served as executive director of Brasilcap Capitalização S.A., and was a member of the fiscal council of Kepler Weber S.A. He currently holds the position of Investment Officer of PREVI – Caixa de Previdência dos Funcionários do Banco do Brasil.
Márcio Hamilton Ferreira Sitting member 08/24/2017 08/24/2019
Graduated in Business Administration from the Business Administration School of Brasília, he holds a postgraduate degree from Getúlio Vargas Foundation. He has been a employee officer at Banco do Brasil since 1986, where he was Director of Capital Markets and Investments, Finance Director and Credit Officer. In 2017 he assumed the Vice-presidency of Internal Controls and Risk Management. He was Director of Investments of Previ and CEO of BBDTVM. He served as Board of Directors member at Companhia Energética de Pernambuco – Celpe, at the concessionaire of the Aeroporto Internacional de Guarulhos S.A. and at Invepar. He also served on Cielo’s Fiscal Council. He is currently a member of the Executive Board of Febraban, Chairman of the Board of Directors of BBDTVM and Member of the Board of Directors of Brasilcap Capitalização S.A. and Neoenergia S.A.
Márcio Luiz Moral Sitting member 08/24/2017 08/24/2019
He holds a postgraduate degree in systems analysis from the Potíficia Universidade Católica de Campinas, an MBA in Marketing from Fundação Dom Cabral and an Advanced Management Program from IE Business School (Madrid, Spain). He has a degree in systems analysis from Universidade Metodista de Piracicaba (UNIMEP). He is Chairman of the Board of Directors of Banco do Brasil Aktiengesellschaft – BB AG (Vienna/Austria), and a member of the Board of Directors of BB Securities Limited (London), Banco do Brasil Securities LLC (New York) Asia Pte. Ltd (Singapore, Asia). Since 2015, he has served as executive director of Banco do Brasil S.A., and has held the positions of Executive Manager in the Corporate Bank Board and in the International Business Board, and was managing director of BB’s branch in Lisbon, Portugal.
Asis Canales Abaitua Alternate member 08/24/2017 08/24/2019
Graduated in business and economics from Deusto Business School de Bilbao. He currently holds management positions in several Iberdrola companies. He is also vice-president of the Tecnalia Research & Innovation Foundation, the Bilbao Chamber of Commerce and the Bizkaia Entrepreneurial (Confederation Bizkaiko Enpresarien Konfederazioa – CEBEK). Additionally, he is a member of the executive board of the Agencia Vasca de Inovación (Berrikuntzaren Euskal Agentzia – Innobasque).
Ignacio Cuenca Arambarri Alternate member 08/24/2017 08/24/2019
He holds a degree in economics from the Universidad Autónoma de Madrid, a graduate in executive development from the IESE Business School of the Universidad de Navarra and a postgraduate degree in industrial economics from Universidad Carlos III of Madrid. He currently holds management positions in several Iberdrola companies.
Francisco Javier Hernando Isla Alternate member 08/24/2017 08/24/2019
Graduated in Economics and Business Administration from the Deusto Business School de Bilbao. He currently holds management positions in several Iberdrola companies. He served as a member of the Board of Directors of Medgaz S.A.
Miguel Gallardo Corrales Alternate member 01/18/2018 08/24/2019
He works at the department of Corporate Development of the Iberdrola Group, has a degree in Business Administration and Management from Universidad Complutense de Madrid and a Bachelors’ Degree in International Business from the Lancashire Business School (UK). He developed his professional career in Deloitte and American Appraisal until he joined Iberdrola.
Justo Garzón Ortega Alternate member 08/24/2017 08/24/2019
Graduated in Law and Lawyer in Business Consultancy from the Universidad Pontificia Comillas of Spain, he holds an MBA in commercial law from FGV and has a corporate law degree from Universidad Adolfo Ibáñez – UAI. He has built a solid career in the financial sector in the Legal Services of Banco Santander. He was also a university professor in Business Law at the Excoex University in Spain, and later Secretary of the Board of Directors and Director of Legal Services of Iberdrola Brasil S.A. – International group that operates in the electric energy area in its various fields: generation, transmission, distribution and trade. Currently he holds management positions in several companies of the Iberdrola group, such as member of the Board of Directors of Neoenergia S.A. and Elektro S.A.
Ives Cezar Fulber Alternate member 08/24/2017 08/24/2019
Graduated in business administration from Universidade Paulista (UNIP), with a degree in corporate finance from the Pontifícia Universidade Católica of Rio de Janeiro and a degree in management for senior executives from FGV. He also holds an MBA in public administration from FUNDACE/USP. Mr. Fulber has built a solid career at Banco do Brasil, where he worked for 33 years (July/82 – November/15). In recent years he has served as Director of Risk Management and has also been Director of Agribusiness, in addition to other positions in Brazil and abroad. He also served as Investment Director of PETROS from June to October 2016. Board member certified by IBGC, he has participated as board member of BB Securities Asia Pte. Ltd., BB Securities Ltd., Banco do Brasil Securities LLC, BB AG Vienna, Centrais Elétricas de Santa Catarina S.A. – CELESC and COSERN, and as tax advisor of IRB – Brasil Resseguros S.A., BB Seguros, Brasilcap Capitalização S.A., and BB Consórcios.
Aires Hypolito Alternate member 08/24/2017 08/24/2019
He holds a degree in linguistics from USP, a post-graduate degree from Pontíficia Universidade Católica de São Paulo (PUC-SP) and an MBA in marketing from Universidade do Estado do Rio de Janeiro (UERJ). He was president of BRB Card, executive director of Banco do Brasil, Banco de Brasília, BB Turismo and Business to Business Informática Brasil. He was also a member of the board of directors of Visanet, Cobra Tecnologia, Brasilseg Participações, Seguros BRB and Cartão BRB, member of the advisory committee of BB Turismo, and member of the executive committee of SEBRAE Nacional.
Alexandre Tujisoki Alternate member 08/24/2017 08/24/2019
He holds a degree in economics from USP, an MBA in corporate business management from Fundação Instituto de Pesquisas Contábeis, Atuariais e Financeiras (FIPECAFI), and a post-graduate degree in business administration from Fundação Dom Cabral. He currently holds the position of Chief Financial Officer of AB Concessões S.A., Chief Financial and Investor Relations Officer of the concessionaire Rodovias das Colinas S.A., Chief Financial and Investor Relations Officer of Triângulo do Sol Auto Estradas S.A., CFO and Investor Relations Officer of the concessionaire of Rodovia MG-050 S.A. He is also a member of the Board of Directors of the concessionaire Rodovias do Tietê S.A.
Denísio Augusto Liberato Delfino Alternate member 09/06/2018 08/24/2019
He holds a degree in economics from Universidade Federal de Viçosa, and Master’s and PhD in Economics from Fundação Getúlio Vargas. Career Employee officer of Banco do Brasil since 2002, he held the position of Executive Manager of the Corporate Governance Board and served at the Secretariat of Economic Policy of the Ministry of Finance. As a councilor, he worked at BB Turismo, SESCOOP, Public Olympic Authority, PRONATEC, among others. Currently he is Executive Manager at Banco do Brasil, at the Capital Markets and Infrastructure Management.
Fiscal Council

 

Name Position Date of Election and Investiture Term of Office
Francesco Gáudio Chairmain 03/22/2018 2019 ASM
Graduated in accounting and business administration from Faculdade Moraes Júnior. He was a director of Banco Dracma S.A., Mesbla Serviços Financeiros S.A. and Fininvest S.A., and held positions in companies of the Iberdrola group. He was also Managing Partner of MM III Assessoria e Factoring Comercial Ltda. Elected by the holding.
João Guilherme Lamenza Sitting Member 03/22/2018 2019 ASM
Graduated in accounting from Universidade Cândido Mendes (UCAM). Currently, he is managing partner of Ampla Serviços Contábeis. Elected by the holding.
Glaucia Janice Nitshe Sitting Member 03/22/2018 2019 ASM
She holds a degree in accounting from the University of Vale dos Sinos – Unisinos and a degree in business administration from the University of La Salle Bajío. She previously worked at Camargo Correa Construções, and is currently manager of Iberdrola Construção e Serviços Ltda. Elected by the holding.
Maria das Graças Conceição Machado Costa Sitting Member 03/22/2018 2019 ASM
She holds a degree in chemical engineering from Universidade do Estado da Paraíba (UEPB), a postgraduate degree in strategic management from Fundação Dom Cabral, a degree in corporate governance from FIPECAFI and an MBA in business for executives from Banco do Brasil by UEPB. She was a member of the fiscal council of Gerdau S.A., member of the board of directors of Telemar S.A., as well as Chairman of the Board of Directors and Executive Director of CASSI. She is currently the Administrative and Financial Director of ANABB. She is also a member of the executive board of the Associação Nacional dos Funcionários do Banco do Brasil. Elected by common minority shareholders.
Camilo Buzzi Sitting Member 03/28/2018 2019 ASM
Graduated in economics from Fundação Armando Álvares Penteado – FAAP and has an MBA from IBMEC. He acts as Large Corporate Superintendent at Banco do Brasil S.A.. Elected by minority shareholders.
Eduardo Valdés Sanchez Alternate Member 03/22/2018 2019 ASM
He holds a degree in Engineering from Universidad Politécnica de Madrid, an MBA from IESE Business School of Universidad de Navarra and an MBA from the Tuck School of Business at Dartmouth College. He is Founder, CEO and member of the board of directors of Inovainfo Group. He was also owner and member of the board of directors of Expansão Tower Cessão de Infraestrutura, general director and member of the Steering Committee of Telecom Italia Mobile Brasil, CEO and member of the board of directors of Iansã Energia e Participações, and managing partner of AN2O Participações. Elected by the holding.
José Antonio Lamenza Alternate Member 03/22/2018 2019 ASM
Bachelor of Science in Accounting from Universidade Cândido Mendes (UCAM) and managing partner of Ampla Serviços Contábeis. Elected by the holding.
Vera Lucia de Almeida Pereira Elias Alternate Member 03/22/2018 2019 ASM
She holds a degree in accounting from Universidade Federal do Rio de Janeiro (UFRJ), a law degree from the Universidade do Estado do Rio de Janeiro (UERJ) and an MBA in finance and corporate governance from IBMEC. Prior to joining Neoenergia, she worked for Vale S.A. and PWC, was a member of the Advisory Board and the Financial Committee for Social Security of Fundação Vale do Rio Doce (VALIA), a member of the fiscal councils of Fundação Vale do Rio Doce for Housing and Social Development, of NorteEnergia and SPE Copacabana Design Hotel. She is also director of international standards and controller of the Associação Nacional de Executivos de Finanças, Administração e Contabilidade (ANEFAC), as well as coordinator in the Rio de Janeiro chapter of
Instituto Brasileiro de Governança Corporativa – IBGC. Elected by the holding.
Marcus Vinicius Codeceira Lopes Pedreira Alternate Member 03/28/2018 2019 ASM
Graduated in Law from PUC-RJ, with an MBA in corporate finance from FGV, post-graduation in corporate law and capital markets from FGV, and specialization in labor law from PUC-RJ. He was alternate member of the board of directors of Seguradora Brasileira de Crédito à Exportação and an alternate for Kepler Weber’s fiscal council. He currently serves as Executive Manager – Capital Markets and Infrastructure Management at Banco do Brasil. Elected by the holding.
Audit Committee

 

Name Position Date of Election and Investiture Term of Office
Juan Carlos Rebollo Liceaga Chairman 08/24/2017 08/23/2019
Graduated in business administration, specialized in finance, by Deusto Business School of Bilbao. He holds management positions in several companies with the Iberdrola group. Previously, he worked for Arthur Andersen & Co.
Santiago Martinez Garrido Sitting Member 08/24/2017 08/23/2019
He holds a law degree from Universidad Complutense de Madrid, a degree in Business Law from the Universidad CEU San Pablo. He is a graduate of the IESE Business School (Institute of Higher Enterprise Studies – IESE) at Universidad de Navarra and PhD from the Universidad Autónoma de Barcelona. Currently he holds managing positions at several companies of the Iberdrola group. Previously he acted as state prosecutor in the Supreme Court of Justice of Catalonia and Castilla-La Mancha and in the Ministry of Interior, as director of the legal department of the Ministry of Justice. He also served as the Chief of Staff of the Spanish Minister of Justice and the Spanish Secretary of Justice from 2000 to 2004. He has been a member of the Board of Trustees of the Real Academia de Jurisprudencia y Legislación de Madrid since 2014. He also served as a member of the Board of Directors of Transmediterránea, Infoinvest and the Sociedad Estatal de Exposiciones Internacionales. Member of the Bar Association of Madrid and lawyer of the regional government of Castilla y León and the Council of State.
Pedro Azagra Blazquez Sitting Member 08/24/2017 08/23/2019
Chief Development Officer of the Iberdrola Group. Mr. Azagra Blazquez earned a Business Degree and a Law Degree from Universidad Pontificia de Comillas – ICADE and a Master in Business Administration from the University of Chicago, Graduate School of Business. Currently, also holds positions as a Member of the Executive Committee of the Iberdrola Group and Avangrid, Inc, Executive Member of the Board of Directors of Avangrid, Inc., Member of the Board of Directors of Neoenergia Brasil and Siemens Gamesa Renewable Energy and Member of the Audit Committee of Neoenergia Brasil. Among other roles, he previously was in charge of the US businesses of Iberdrola Group and served as Director of Strategy, responsible for the M&A activities of the Iberdrola Group. Mr. Azagra Blazquez also served as Member of the Board of Directors of Iberdrola Mexico, Energy East, Rochester Gas and Electric, New York State Electric and Gas Corporation, Iberdrola Portugal and Rokas. He has been a Member of the Audit and Compliance Committee of Iberdrola México. Before joining Iberdrola, he served in the Investment Banking Division at Morgan Stanley executing mergers, advisory mandates, equity offerings and debt offerings. He is also a professor of corporate finance, mergers and acquisitions at ICADE.
Marcus Moreira de Almeida Sitting Member 08/24/2017 08/23/2019
Graduated in Business Administration from Universidade Federal Fluminense – UFF with an MBA in finance from the Brazilian Institute of Capital Markets (IBMEC). He developed his career at Banco do Brasil S.A., served as executive director of Brasilcap Capitalização S.A., and was a member of the supervisory board of Kepler Weber S.A. He currently holds the position of Investment Officer of PREVI – Caixa de Previdência dos Funcionários do Banco do Brasil.
Denísio Augusto Liberato Delfino Sitting Member 09/06/2018 08/23/2019
He holds a degree in economics from Universidade Federal de Viçosa, and holds a Master’s and PhD in Economics from Fundação Getúlio Vargas. Employee officer of Banco do Brasil since 2002, he held the position of Executive Manager of the Corporate Governance Board and served in the Secretariat of Economic Policy of the Ministry of Finance. As a councilor, he worked at Banco do Brasil Turismo, SESCOOP, Public Olympic Authority, PRONATEC, among others. Currently Executive Manager at Banco do Brasil, at the Capital Markets and Infrastructure Board.
Javier Pastor Alternate Member 09/28/2017 08/23/2019
Graduated in business and economics from the Deusto Business School de Bilbao. He acts as Accounting Practices Officer of Iberdrola, where he is responsible for compliance with accounting policies, as well as coordinating and providing support to Iberdrola’s external auditors.
Justo Garzón Ortega Alternate Member 09/28/2017 08/23/2019
Graduated in Law and Lawyer in Business Advisor from the Comillas Pontifical University in Spain, Mr. Ortega holds an MBA in Commercial Law from FGV and a corporate degree from the Adolfo Ibáñez University – UAI. He has built a solid financial career in the Legal Services area of Banco Santander. He was also a university professor in Business Law at the Excoex University in Spain, and Secretary of the Board of Directors and Director of Legal Services of Iberdrola Brasil S.A. – an international group that operates in several segments of the electric power industry: generation, transmission, distribution and sale. He currently holds management positions in several companies of the Iberdrola group, such as member of the Board of Directors of Neoenergia S.A. and Elektro S.A.
Miguel Gallardo Corrales Alternate Member 01/18/2018 08/23/2019
Department of Corporative Development of the Iberdrola Group. Degree in Business Administration and Management from Universidad Complutense de Madrid and a Degree in International Business from the Lancashire Business School (UK). He developed his professional career in Deloitte and American Appraisal until joining Iberdrola.
João Ernesto de Lima Mesquita Alternate Member 08/24/2017 08/23/2019
Graduated in systems analysis from Universidade Estácio de Sá, with an MBA in finance and controller from FGV/RJ and a postgraduate degree in complementary social security management from UFRJ. Head of PREVI, is a member of the Board of Directors of Newtel, Invitel, Sul 116 Participações, Litel S.A., Litela S.A. and 521 Participações S.A. He is the representative of PREVI in advisory committees to the board of directors of Neoenergia and Invepar Participações.
Financial Committee
Name Position Date of Election and Investiture Term of Office
Jesús Martinez Perez Chairman 08/24/2017 08/23/2019
Graduated in economics from Universidad del País Vasco and in finance from the Deusto Business School de Bilbao. He holds management positions in several companies of the Iberdrola group.
Jose A. Omaechevarria Sitting Member 09/28/2017 08/23/2019
He acts as Director of Investment Analysis at Iberdrola, where he coordinates the supervision, approval and economic analysis of Iberdrola’s main investment projects.
Justo Garzón Ortega Sitting Member 08/24/2017 08/23/2019
Graduated in Law and Lawyer in Business Advisory from the Universidad Pontificia Comillas in Spain, he holds an MBA in commercial law from FGV and a corporate degree from Universidad Adolfo Ibáñez – UAI. He has built a solid financial career in the Legal Services of Banco Santander. He was also a university professor in Business Law at Universidad Excoex in Spain. He was also Secretary of the Board of Directors and Director of Legal Services of Iberdrola Brasil S.A. – International group that operates in the electric energy area in its various fields: generation, transmission, distribution and trading. Currently he holds management positions in several companies of the Iberdrola group, such as member of the Board of Directors of Neoenergia S.A. and Elektro S.A.
Arthur Prado Silva Sitting Member 04/26/2018 08/23/2019
Graduated in Law from Universidade Cândido Mendes, he holds a post-graduate degree in Controllership and Finance and in Tax Law from the same university, as well as an MBA in Corporate Finance from Fundação Getúlio Vargas – FGV.
He was a career employee at Banco do Brasil, which he joined in 1986, where he performed several banking-related functions, most notably credit, credit recovery and internal controls, until 2000, when he migrated to the market department of the Bank, acting in the Management of Equities, responsible for the management and monitoring of the shareholdings of BB Banco de Investimento S.A.
In 2003, he was transferred to the Caixa de Previdência dos Funcionários do Banco do Brasil – PREVI, where he works until now, having worked in various positions and functions in the shareholding area, being currently responsible for the Management of Equity and Governance of the entity, in the position of Executive Manager. This management is responsible for managing and monitoring PREVI’s shareholdings and the entity’s governance system for its investees.
Over the last 18 years, he has been acting as a member appointed by Banco do Brasil and PREVI in several governance forums of companies owned by these institutions, with special emphasis on Preliminary Shareholders’ Meetings, Board of Directors and Fiscal Councils and advisory committees to Councils and Administration, with experience in the companies CPFL Geração, CPFL Energia, Invepar, Neoenergia and Vale, among others.
Michel da Silva Duarte Sitting Member 03/22/2018 08/23/2019
Manager of Corporate Governance of the Capital Markets Management, he is responsible for the direct shareholdings of BB Banco de Investimento S.A. Graduated and Master in Economics, he held positions at the Investment Banking, M&A and Private Equity of Banco de Investimento. He also worked in BB Asset Management (BB DTVM) in positions in Portfolio Management of Multimarket Funds, Fixed Income, Offshore, and Distribution areas. He is an alternate member of the board of directors and the fiscal council at LOGZ and Kamin-Cadam.
Juan Bosco Lopez Aranguren Alternate Member 05/17/2018 08/23/2019
He holds a degree in business administration from Universidad Complutense de Madrid, an MBA in Energy Business Management from Universidad de Nebrija and an MBA in Finance and Controller from the Instituto de Empresa.
He began his professional career at Salem Tube Inc. (United States), a subsidiary of Tubacex and later held positions at Iberdrola in Brazil from 1998 to 2001. Since 2002 he has worked for the Finance and Resources Management of Iberdrola in the area of Structured Finance.
He is currently responsible for Structured Finance for the Iberdrola group to supervise and propose structured financing operations with the group.
Aitor Aretxaide Alternate Member 09/28/2017 08/23/2019
He acts as Manager of Investment Analysis at Iberdrola, where he coordinates the supervision, approval and economic analysis of Iberdrola’s main investment projects.
Rafaela Goiria Alternate Member 09/28/2017 08/23/2019
She works as an internal advisor at Iberdrola, where she provides legal assistance in the negotiation and execution of contracts and the preparation of reports for the Iberdrola Finance Department.
Alexandre José Fava de Souza Junior Alternate Member 08/24/2017 08/23/2019
Graduated in Economics from UFF, with an MBA in Financial Business from IAG-PUC (RJ). He is currently an Analyst at PREVI’s Equity Management and was a member of the Related Party Committee and CPFL Energia Corporate Finance and Budget Committee.
Tito Santos Tavares da Silva Alternate Member 09/06/2017 08/23/2019
He holds a degree in Business Administration from Universidade Federal Rural do Rio de Janeiro, with specialization in Marketing from Universidade Cândido Mendes. Employee officer of Banco do Brasil since 2002, he held the position of Relationship Manager and Advisor in several Bank Departments.
Currently Manager of the Asset Selection Governance Division in Investment Management at the Capital Markets and Infrastructure Management of Banco do Brasil.
Compensation Committee
Name Position Date of Election and Investiture Term of Office
José Sainz Armada Chairman 08/24/2017 08/23/2019
Graduated in law and business administration from ICADE at the Universidad Pontificia Comillas, he holds an MBA from INSEAD. Currently he has management positions in several companies of the Iberdrola group. He began his professional career at JP Morgan and later held various positions at the Corporación Bancaria de España, where he was CFO from 1996 to 2000. He worked at Banco Bilbao Vizcaya Argentaria, as General Manager of Asset Management from 2001 to 2002 and Managing Director of Corporate Value from 2000 to 2001. He is also a board member of Jarama Desarrollos Inmobiliarios, SL and CEO of Querada, SL.
Jose Angel Marra Sitting Member 09/06/2017 08/23/2019
He holds a Bachelor’s degree in Industrial Engineering from Universidad de Comillas (ICAI), completed an MBA and the General Management Program (PDG) of IESE at Universidad de Navarra, and participates in the first edition of the executive version of the IMD Global Leadership Program.
Previously he worked in the financial sector (BBVA) and as deputy CFO at Indra Sistemas, S.A. With an extensive professional career, he joined Iberdrola in 2009 as CFO of Iberdrola Renovables, performing different functions at a global level. He was Chairman of the Board of Directors of Scottish Power Renovables, Member of the Board of Iberdrola Renewables Holding Inc. (IRHI-USA) and Chairman of the Audit Committee. In 2011 he assumed the position of Director of Commercial Services, and in 2015 he was appointed Director of Global Services of Iberdrola Renovables. Currently he holds the position of Director of Human Resources and General Services.
Santiago Martinez Garrido  Sitting Member 08/24/2017 08/23/2019
Graduated in Law from Universidad Complutense de Madrid, graduated in Business Law from the Universidad CEU San Pablo, graduated from the IESE Business School at Universidad de Navarra, and holds a PhD from the Universidad Autónoma de Barcelona. He currently holds management positions at several Iberdrola companies. Previously he acted as state prosecutor in the Supreme Court of Justice of Catalonia and Castilla-La Mancha and in the Ministry of Interior, as director of the legal department of the Ministry of Justice. He also served as Chief of Staff of the Spanish Minister of Justice and the Spanish Secretary of Justice from 2000 to 2004. He has been a member of the Board of Trustees of Real Academia de Jurisprudencia y Legislación in Madrid since 2014. He also served as a member of the Board of Directors of Transmediterránea, Infoinvest and Sociedad Estatal de Exposiciones Internacionales. Member of the Bar Association of Madrid and lawyer of the regional government of Castilla y León and the Council of State.
João Ernesto de Lima Mesquita Sitting Member 12/21/2017 08/23/2019
Mr. Mesquita holds a degree in Systems Analysis from the Estácio de Sá University, an MBA in Finance and Controlling from FGV/RJ and a post-graduate degree in Complementary Social Security Management from UFRJ. He acts as Manager at PREVI, and is a member of the Board of Directors of Newtel, Invitel, Sul 116 Participações, Litel S.A., Litela S.A. and 521 Participações S.A. He represents PREVI in advisory committees to the Board of Directors of Neoenergia and Invepar Participações.
Myrthes Cavalcante de Aguiar Sitting Member 03/22/2018 08/23/2019
Holds a degree in Mathematics from Universidade Federal do Rio de Janeiro and a Master’s Degree in Computer Science from USP. Career employee since 1994, she has held the position of Manager of the Divisions TVM Portfolio and Support to the Management of the Board. Currently Manager of the Portfolio and Projects Division of the Investment Management of Capital Markets and Infrastructure Board of Banco do Brasil.
Fabricia Abreu Alternate Member 09/28/2017 08/23/2019
She acts as Director of Management and Talent Guidelines at Iberdrola, managing the development of human resources, internal communications, international mobility and workplace safety. She also worked at Elektro as Director of Human Resources, managing human resources, internal and external communications, social responsibility and workplace safety.
Armando Ugarriza Alternate Member 09/28/2017 08/23/2019
He acts as Director of Employees’ Compensation and Retirement at Iberdrola, analyzing and identifying the best practices of compensation of employees to attract, retain and motivate the most qualified professionals of Iberdrola and the Iberdrola group.
Andres Campaña Alternate Member 09/28/2017 08/23/2019
He acts as Director of Global Legal Services for Finances and Resources of Iberdrola, providing legal advice on financing and other resources, and on administrative, judicial and arbitration matters.
Marília de Oliveira Carmo Alternate Member 04/26/2018 08/23/2019
Graduated in Economics from Unversidade Federal do Rio de Janeiro, she holds an MBA in Capital Markets from IBMEC-RJ and a Masters’ degree in Business Administration with focus on Finance, also from IBMEC-RJ.
She is a career employee at Banco do Brasil, which she joined in 1992, and where she has held several positions related to the capital markets area, with emphasis on fixed income, variable income and structured operations, structuring of fixed income products, management of BB Banco de Investimento S.A. own portfolio, having served as analyst and manager in the Capital Markets Department of BB and in the Third-Party Resources Manager (BB DTVM).
In 2013, she was transferred to Caixa de Previdência dos Funcionários do Banco do Brasil – PREVI, where she operates to date in the Management of Equities and Governance of the entity, as Unit Manager. This management is responsible for managing and monitoring PREVI’s equities and the entity’s governance system on behalf of its investees, and at the unit that she manages, she is responsible for a portfolio comprising companies such as Invepar, BRF, Ambev, and other.
Over the last 17 years, she has been acting as a member appointed by Banco do Brasil and PREVI in several governance forums of companies owned by these institutions, having experience in Fiscal Councils (Multi-Car Rio Terminal de Veículos, Multi-Rio Operações Portuárias, Cata Nordeste, Kepler Weber), Boards and Managements (Fiago Participações); Advisory Committees to Boards of Directors (Finance Committee in Paranapanema, and Works, Human Resources and Finance Committee in Invepar), as well as Preliminary Shareholders’ Meetings of
Invepar.
Cesar Marques Barreto Alternate Member 03/23/2018 08/23/2019
He holds a degree in Law from Universidade Federal do Rio de Janeiro and a Business Administration degree from Moraes Junior Mackenzie School, with a Master’s Degree in Business Management from FGV. Employee officer of Banco do Brasil since 1991, he held the position of Master Advisor for Banco do Brasil, advising equity fund managers. As advisor, he worked at CataNordeste, Deten Química, Tecban, Hortifruti, among others. Currently Manager of Funds Governance Division at the Investment Management for the Capital Markets and Infrastructure Board of Banco do Brasil.
Related Party Committee

 

Name Position Date of Election and Investiture Term of Office
Juan Carlos Rebollo Liceaga Sitting Member 08/24/2017 08/23/2019
Graduated in Business Administration, specialized in finance, from the University of Deusto. He holds management positions in several companies of the Iberdrola group. Previously, he worked for Arthur Andersen & Co
Marília de Oliveira Carmo Sitting Member 04/26/2018 08/23/2019
Graduated in Economics from Unversidade Federal do Rio de Janeiro, she holds an MBA in Capital Markets from IBMEC-RJ and a Masters’ degree in Business Administration with focus on Finance, also from IBMEC-RJ.
She is a career employee at Banco do Brasil, which she joined in 1992, and where she has held several positions related to the capital markets area, with emphasis on fixed income, variable income and structured operations, structuring of fixed income products, management of BB Banco de Investimento S.A.BB Banco de Investimentos own portfolio, having served as analyst and manager in the Capital Markets Department of BB and in the Third-Party Resources Manager (BB DTVM).
In 2013, she was transferred to Caixa de Previdência dos Funcionários do Banco do Brasil – PREVI, where she operates to date in the Management of Equities and Governance of the entity, as Unit Manager. This management is responsible for managing and monitoring PREVI’s equities and the entity’s governance system on behalf of its investees, and at the unit that she manages, she is responsible for a portfolio comprising companies such as Invepar, BRF, Ambev, and other.
Over the last 17 years, she has been acting as a member appointed by Banco do Brasil and PREVI in several governance forums of companies owned by these institutions, having experience in Fiscal Councils (Multi-Car Rio Terminal de Veículos, Multi-Rio Operações Portuárias, Cata Nordeste, Kepler Weber), Boards and Managements (Fiago Participações); Advisory Committees to Boards of Directors (Finance Committee in Paranapanema, and Works, Human Resources and Finance Committee in Invepar), as well as Preliminary Shareholders’ Meetings of
Invepar.
Tito Santos Tavares da Silva Sitting Member 09/06/2018 08/23/2019
He holds a degree in Business Administration from Universidade Federal Rural do Rio de Janeiro, with specialization in Marketing from Universidade Cândido Mendes. Career Employee officer of Banco do Brasil since 2002, he held the position of Relationship Manager and Advisor in several Bank Departments.
Currently Manager of the Asset Selection Governance Division in Investment Management at the Capital Markets and Infrastructure Management of Banco do Brasil.
Francisco J. Hernando Isla Alternate Member 09/28/2017 08/23/2019
Graduated in Economics and Business Administration from Deusto Business School of Bilbao. He currently holds management positions in several Iberdrola companies. He served as a member of the Board of Directors of Medgaz S.A.
João Ernesto Lima Mesquita Alternate Member 04/26/2018 08/23/2019
Mr. Mesquita holds a degree in Systems Analysis from the Estácio de Sá University, an MBA in Finance and Controlling from FGV/RJ and a post-graduate degree in Complementary Social Security Management from UFRJ. He acts as Manager at PREVI, and is a member of the Board of Directors of Newtel, Invitel, Sul 116 Participações, Litel S.A., Litela S.A. and 521 Participações S.A. He represents PREVI in advisory committees to the Board of Directors of Neoenergia and Invepar Participações.
Cesar Marques Barreto Alternate Member 09/06/2018 08/23/2019
He holds a degree in Law from Universidade Federal do Rio de Janeiro and a Business Administration degree from Moraes Junior Mackenzie School, with a Master’s Degree in Business Management from FGV. Career Employee officer of Banco do Brasil since 1991, he held the position of Master Advisor for Banco do Brasil, advising equity fund managers. As advisor, he worked at CataNordeste, Deten Química, Tecban, Hortifruti, among others. Currently Manager of Funds Governance Division at the Investment Management for the Capital Markets and Infrastructure Board of Banco do Brasil.
Executive Board
Name Position Date of Election and Investiture Term of Office
Mario Jose Ruiz-Tagle Larrain Chief Executive Officer 08/24/2017 08/23/2020
Master in Business Administration from Pontificia Universidad Católica de Chile, in 2002, he held the position of Institutional Relations Officer for Iberdrola Energia do Brasil Ltda. In 2004 he was appointed Business Director Brazil at Iberdrola S.A., and in 2010 he held the position of Country Manager at Iberdrola Brasil S.A. He currently holds the position of Chief Executive Officer of the Neoenergia Group. Mr. Mario Ruiz is also a member of the Board of Directors of the subsidiaries of Grupo Neoenergia.
Solange Maria Pinto Ribeiro
Deputy CEO of Neoenergia since August/2017. With over 30 years of experience in the industry, she joined the Company in 2004 as director of the Regulation and Environment department. Between 2012 and August 2017, she held the position of President of the Holding Company. At Neoenergia, she is a sitting member of the Board of Directors of the Group companies, among which Coelba, Celpe and Cosern. She is a member of the Economic and Social Development Council (CDES), Vice Chairman of the Board of Directors of the Operador Nacional do Sistema – ONS (National System Operator) and member of the Board of Directors of the Associação Brasileira de Indústrias de Base (ABDIB). She has held senior leadership positions in large companies such as Chesf and Eletropaulo, and served as a consultant with National Economic Research Associates (NERA) in Washington. She holds a degree in Electrical Engineering from Universidade Federal de Pernambuco and a master’s degree in the same subject from PUC-Rio. She was a visiting scholar at the Imperial College of Science, Technology and Medicine in London.
Mario Jose Ruiz-Tagle Larrain Executive Officer of Finance and IR 07/28/2018 08/23/2020
Master in Business Administration from Pontificia Universidad Católica de Chile, in 2002, he held the position of Institutional Relations Officer for Iberdrola Energia do Brasil Ltda. In 2004 he was appointed Business Director Brazil at Iberdrola S.A., and in 2010 he held the position of Country Manager at Iberdrola Brasil S.A. He currently holds the position of Chief Executive Officer of the Neoenergia Group. Mr. Mario Ruiz is also a member of the Board of Directors of the subsidiaries of Grupo Neoenergia.
Solange Maria Pinto Ribeiro
Deputy CEO of Neoenergia since August/2017. With over 30 years of experience in the industry, she joined the Company in 2004 as director of the Regulation and Environment department. Between 2012 and August 2017, she held the position of President of the Holding Company. At Neoenergia, she is a sitting member of the Board of Directors of the Group companies, among which Coelba, Celpe and Cosern. She is a member of the Economic and Social Development Council (CDES), Vice Chairman of the Board of Directors of the Operador Nacional do Sistema – ONS (National System Operator) and member of the Board of Directors of the Associação Brasileira de Indústrias de Base (ABDIB). She has held senior leadership positions in large companies such as Chesf and Eletropaulo, and served as a consultant with National Economic Research Associates (NERA) in Washington. She holds a degree in Electrical Engineering from Universidade Federal de Pernambuco and a master’s degree in the same subject from PUC-Rio. She was a visiting scholar at the Imperial College of Science, Technology and Medicine in London.
Solange Maria Pinto Ribeiro Deputy CEO 08/24/2017 08/23/2020
Deputy Chief Executive Officer of Neoenergia since August/2017. With over 30 years of experience in the industry, Mrs. Ribeiro joined the Company in 2004 as Regulation and Environment Officer. Between 2012 and August 2017, she held the position of Chair of the Holding Company. At Neoenergia, she acts as a member of the Board of Directors of the Group’s companies, among them Coelba, Celpe and Cosern. She is a member of the Economic and Social Development Council – CDES, Vice Chair of the Board of Directors of the National System Operator – ONS, and member of the Board of Directors of the Brazilian Base Industries Association – ABDIB. She has held senior leadership positions at large companies such as Chesf and Eletropaulo, and acted as a consultant for the National Economic Research Associates – NERA in Washington. She holds a degree in Electrical Engineering from the Federal University of Pernambuco and a master’s degree in the same area from PUC-Rio, and was a visiting researcher at the Imperial College of Science, Technology and Medicine in London.
Lara Cristina Ribeiro Piau Marques General Counsel 08/24/2017 08/23/2020
Graduated in Law, post-graduated in Civil Procedure Law and in State Law and Regulation, with an MBA in Telecommunications, she is currently attending Masters degree in Regulation Law at FGV. Legal Executive Director. She was Legal Director of TIM Brasil, TIM Participações, TIM Celular and TIM Nordeste. For more than 20 years he has been responsible for the Legal Department of large corporations and a member of fiscal and administrative councils. He has extensive experience in translating the complex legal environment into business strategy, and consolidated experience in team management, litigation and strategic demands.
Simone Aparecida Borsato Executive Officer for Development 08/24/2017 08/23/2020
She is currently Executive Director of Development at Neoenergia and Investor Relations Officer of Elektro Redes S.A. . Previously, she was Chief Financial Officer and Alternate Member of the Board of Directors of Elektro Redes S.A. Executive with more than 30 years of experience in the financial area, leading departments such as Treasury, Financial Operations, Investor Relations, Controller and Financial Planning, acting in the Energy, Chemical/Petrochemical, Telecom and Timber sectors, in large national and multinational companies, such as Grupo Ultra, Eucatex and Bradesco. Graduated in Business Administration from PUC/SP, with an MBA from Fundação Getúlio Vargas and post-MBA from Saint Paul Business School, as well as Executive Programs from IMD-International Institute for Management Development, Dom Cabral Foundation, Ohio University, Columbia University and Course for the Education of Management Directors at IBGC-Brazilian Institute of Corporate Governance. Member of the Board of Directors of IBEF (Brazilian Institute of Finance Executives), in 2016 she was the winner of the Equilibrista Award (CFO of the year) by IBEF-SP.
Rogério Aschermann Martins Executive Officer for Resources 08/24/2017 08/23/2020
Graduated in Computer Science from Universidade do Vale do Vale do Paraíba, with an MBA in Project Management from IBMEC/IBTA. He joined Elektro Redes in 2004, having served as Director of Information Technology, Human Resources, and Corporate Services. He also held the position of Chief Sustainability Officer outlining the strategies of the global group and other Executive positions in several units at Elektro for more than 13 years. He currently serves as Executive Officer of Resources of Grupo Neoenergia.
André Augusto Telles Moreira Executive Officer for Distribution 02/07/2018 02/07/2021
Currently Distribution Executive Officer of Neoenergia, he was previously Coelba’s Chief Executive Officer after having held the position of Commercial and Market Planning Officer and Trade Officer, as well as Operations Executive Officer and Superintendent of Engineering and Planning at Elektro for more than 11 years. Experienced in executive positions at Dell, AmBev and IBM, he has a degree in Electrical Engineering from Universidade Federal de Itajubá – MG (EFEI) with MBA from FAAP/SP, MBA from Universidade AmBev, postgraduate degree in Quality from Unicamp, a Master’s degree in IMD (Switzerland), MIT(USA) and ESADE (Spain). Counselor preparatory course at the IBGC. He was the founder councilor of UTCAL (Utilities Technology Council Latin America), having served as Chairman of the Council for the first two terms (four years).
Alejandro Román Arroyo Executive Officer for Generation 08/24/2017 08/23/2020
Graduated in Civil Engineering from the Universidad Politécnica de Madrid. Between 2000 and 2013 he worked at Iberdrola as Head of the Department of Operation and Maintenance of Dams in Spain, and Director of the Tâmega project in Portugal. In 2013, he joined Neoenergia, Brazil, where he is Executive Director of Generation. For ten years he has been a Member of the Spanish National Committee of Large Dams.
Laura Cristina da Fonseca Porto Executive Officer for Renewables 08/24/2017 08/23/2020
Graduated in Electrical Engineering from the Universidade da Bahia. She held the position of Country Manager for Iberdrola Renováveis do Brasil, a company of the Iberdrola group. She joined Grupo Neoenergia in August 2017, and is currently Executive Director of Renewables of Grupo Neoenergia. Laura is also Director of Operations of the wind generation segment subsidiaries, and Director of Enerbrasil Renováveis do Brasil S.A.
Eduardo Capelastegui Saiz Controller 08/24/2017 08/23/2020
Degree in Economic and Business Sciences (financial specialty) from Universidad Comercial de Deusto. He joined the Iberdrola Group in 1998, acting as Senior Consultant: Management Consulting, Planning and Control Director of Networks Business Brazil, Chile, Bolivia and Guatemala, and Director of Planning and Control for South America (Brazil, Chile and Bolivia). He currently holds the position of Controller of Grupo Neoenergia