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Cielo SA (CIEL3.SA)

CIEL3.SA on Sao Paulo Stock Exchange

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Summary

Name Age Since Current Position

Marcelo de Araujo Noronha

54 2016 Chairman of the Board

Paulo Rogerio Caffarelli

53 2018 Chief Executive Officer

Marcelo Augusto Labuto

45 2017 Vice Chairman of the Board

Gustavo Henrique Santos de Sousa

42 2019 Chief Financial Officer, Investor Relations Officer, Member of the Executive Board

Danilo Aleixo Caffaro

37 2016 Executive Vice President of Products and Business, Executive Officer

Renata Baiense de Paiva Greco

49 2016 Executive Vice President of Commercial Large Accounts, Executive Officer

Sergio Saraiva Castelo Branco de Pontes

50 2017 Executive Vice President of Organizational Development

Danilo Ricardo Bono Zimmermann

43 2018 Executive Vice President of Technology Project Officer

Edison Yoshiharu Kinoshita

48 2019 Executive Vice President - Operations and Customer Service

Marcelo De Giuseppe Toniolo

43 2019 Executive Director ( Risk Executive Officer)

Edson Rogerio Da Costa

48 2019 Director

Carlos Motta Dos Santos

48 2019 Director

Mauro Ribeiro Neto

31 2019 Director

Artur Padula Omuro

57 2019 Director

Francisco Terra

49 2018 Director

Vinicius Urias Favarao

42 2017 Director

Francisco Augusto da Costa e Silva

70 2009 Independent Director

Aldo Luiz Mendes

60 2018 Independent Director

Gilberto Mifano

69 2009 Independent Director

Biographies

Name Description

Marcelo de Araujo Noronha

Mr. Marcelo de Araujo Noronha is a Chairman of the Board of the Company. He holds a degree in Business Administration from UFPE – Universidade Federal de Pernambuco with specialization in Finance from the IBMEC – Instituto Brasileiro de Mercado de Capitais and Advanced Management Program (AMP) of the Instituto de Estudios Empresariales (IESE) – Business School – University of Navarra, in Barcelona. He started his career at Banorte. From July 1996, he joined Banco Alvorada S.A., former Banco Bilbao Vizcaya Argentaria Brasil S.A., as commercial officer, reaching the position of vice president of products, trade finance, middle market and retail. In February 2004, he was elected Departmental Officer at Banco Bradesco S.A. In December 2010, he was elected Deputy Executive Officer and in January 2012, Executive Managing Officer. Currently, he is Vice-President of Banco Bradesco S.A., and officer in several companies of Bradesco Group. He is a member of Fundação Bradesco’s Managing Body and a member of the Board of Directors of FIMADEN – Fundação Instituto de Moléstias do Aparelho Digestivo e da Nutrição (Foundation Institute for Digestive System and Nutrition Diseases). He is also the Chief Executive Officer of ABECS – Associação Brasileira das Empresas de Cartões de Crédito (Brazilian Association of Credit Card Companies) and a member of the Latin America and Caribbean Advisory Council of Visa International and chairman of the Board of Directors of MPO – Processadora de Pagamentos Móveis S.A.; Vice Chairman of the Board of Directors of CBSS – Companhia Brasileira de Soluções e Serviços; a member of the Board of Directors of BBD Participações S.A., Cidade de Deus – Companhia Comercial de Participações and Elo Participações S.A.

Paulo Rogerio Caffarelli

Mr. Paulo Rogerio Caffarelli is Chief Executive Officer of the Company. Graduated in Law, with an MBA in Corporate Law and Finance from Getúlio Vargas Foundation (FGV), with specialization in Foreign Trade from Business School FAE/CDE Curitiba and International Trade Law from IBEJ (Brazilian Institute of Legal Studies) Curitiba, besides a master’s degree in Business Management & Economics from UNB (University of Brasília). He held the position of Banco do Brasil’s Chief Executive Officer until October 2018. Mr. Caffarelli also served as executive officer at Companhia Siderúrgica Nacional – CSN in 2015, cumulating the duties of Investor Relations Officer in 2016. Between 2014 and 2015, he acted as executive secretary at the Ministry of Finance. He initiated his professional career at Banco do Brasil where he worked for over 30 years holding several positions at Banco do Brasil’s executive board. Mr. Caffarelli held the positions of vice president of Cards and New Retail Business and vice president of Wholesale Business, International Business, and Private Bank. He also served as officer at the executive boards of Distribution, Logistics, Marketing & Communication, and New Retail Business.

Marcelo Augusto Labuto

Mr. Marcelo Augusto D. Labuto serves as Vice Chairman of the Board at CIELO S.A. Mr. Labuto holds a degree in Management from UNB (University of Brasília) and in Information Systems Management from UNEB (Educational Union of Brasília), with an MBA in Marketing, from COPPEAD UFRJ (Institute of Management Graduate Studies and Research of the Federal University of Rio de Janeiro). Career civil servant at Banco do Brasil, he has been acting as Retail Business Vice President at Banco do Brasil since 2016. Previously, Mr. Labuto was the Chief Executive Officer of BB Seguridade Participações S.A.; Insurance, Open Pension Plan and Savings Bonds Officer (March 2013 to April 2015); Loans and Financing Officer (February 2012 to March 2013); General Manager at the Affiliated Entities Governance Unit (November 2011 to February 2012) and General Manager at the Strategic Partnerships Unit (August 2011 to November 2011) at Banco do Brasil. Mr. Labuto is a sitting member of the boards of directors of BB Seguridade Participações S.A.; Brasilcap Capitalização S.A.; IRB Brasil Resseguros; Elo Participações S.A.; Companhia Brasileira de Soluções e Serviços; BB Mapfre SH1 Participações S.A.; Mapfre BB SH2 Participações S.A.; Brasilprev Seguros e Previdência S.A., where he also acts as member of the Advisory Committee and member of the Executive Committee of BB Insurance Group and Mapfre.

Gustavo Henrique Santos de Sousa

Mr. Gustavo Henrique Santos de Sousa is Chief Financial Officer, Investor Relations Officer, Member of the Executive Board of the Company. He holds MBA from Columbia Business School, a Master in Business Economics Management from the University of Brasilia, an MBA in Financial Administration from Fundação Getúlio Vargas and graduated in Business Administration from the Federal University of Rio Grande do Norte. Mr. Gustavo Sousa has held several noticeable positions in large Brazilian companies, having last served as Chief Financial Officer and Investor Relations Officer of Klabin. In addition to Klabin, Mr. Gustavo Sousa was the Chief Financial and Investor Relations Officer of CPFL Renováveis, Controlling, Treasury, Investor Relations and Tax Executive Director of Companhia Siderurgica Nacional and Controller and General Manager of Investors Relations of Banco do Brasil.

Danilo Aleixo Caffaro

Mr. Danilo Aleixo Caffaro serves as the Executive Vice President of Products and Business, Executive Officer of Cielo S.A. Graduated in Business Management on IBMEC and post-graduated in Strategy, M&A, Product and customer management, Credit management, High performance team management and development. Before working for the Company, he was consultant at Roland Berger Strategy Consultants.

Renata Baiense de Paiva Greco

Ms. Renata Baiense de Paiva Greco serves as Executive Vice President of Commercial Large Accounts, Executive Officer of Cielo S.A. Graduated in Economics from PUC/SP, and an Executive MBA in Marketing from IBMEC, with an International Extension at the University of California – Irvine. She has over 20 years of experience in the financial services industry, working in several companies such as Credicard, Banco ABN AMRO S.A., Banco Lloyds TSB S.A., Visa, Contax and Cielo.

Sergio Saraiva Castelo Branco de Pontes

Mr. Sergio Saraiva Castelo Branco de Pontes serves as Executive Vice President of Organizational Development of CIELO S.A. since August 30, 2017. Graduated in Business Administration from University Center of Brasília – UniCEUB, and an MBA in Business Administration and Finance from Brazilian Institute of Capital Markets (IBMEC), the COPPEAD Graduate School of Business and Getúlio Vargas Foundation (FGV). Mr. Pontes also holds specializations in Managers Development Program from Duke University’s Fuqua School of Business and in Leadership for Executives and Competitive Strategy and Owners and President Management Course (OPM), both from Harvard Business School. Mr. Pontes has more than 20 years of experience in management of corporate departments, operating in the most diverse areas, such as Strategy, Controllership, Supplies, Human Resources and Financial, remaining ahead of operations in Brazil, Peru and China, country which he lived for five (5) years. He joined the Company in April of the same year as Executive Officer of Organizational Development.

Danilo Ricardo Bono Zimmermann

Mr. Danilo Ricardo Bono Zimmermann is Executive Vice President of Technology Project Officer of the Company. Graduated in Computer Engineering from Federal University of São Carlos, with graduate studies in Business Administration from Mauá Technology Institute, International Executive MBA from FIA (Administration Institute Foundation). Mr. Zimmermmann cumulates more than 16 years of executive positions in the payment industry; he worked in Brazilian and multinational companies. Mr. Zimmermann has experience in technology, operations, project and product areas, he led startups and managed large operations wherein technology composed the core business. Before joining Cielo, Mr. Zimmermmann held leadership positions in companies, such as Alelo, Qualicorp, Global Payments, Redecard, and Orbitall.

Edison Yoshiharu Kinoshita

Mr. Edison Yoshiharu Kinoshita is Executive Vice President - Operations and Customer Service of the Company. Graduated in Information Technology from FATEC- SP, with graduate studies in Administration and Internet Technology.During his 33 years of experience, Mr. Kinoshita held relevant positions in banks, telecom, industrial, retail, call center and insurance companies, with broad expertise in Business Unit, Customer Service and Information Technology (IT). During his career, he held several positions in companies, such as LATAM Broadband Business Unit and Customer Care VP at LATAM AT&T/SKY (since 2014), Customer Operations VP at Global Village Telecom, Contact Center, IT and Operations Officer at SulAmérica Seguros and IT Officer at Grupo Abril.

Marcelo De Giuseppe Toniolo

Mr. Marcelo de Giuseppe Toniolo is Executive Director ( Risk Executive Officer) of the Company. Mr. Toniolo holds a degree in Business Administration with emphasis in systems, with graduate studies in Administration from EASP FGV/SP and a master’s degree in Computer Engineering from Technological Research Institute of the University of São Paulo (IPT/USP). Over the last three years, Mr. Toniolo worked as Compliance and Corporate Risk Statutory Officer at Paypal, previously he worked in other financial institutions, such as American Express, Itau-Unibanco, Safra, and HSBC. He joined the company in January 2019 to head the Corporate Risk, Compliance and Internal Controls area.

Edson Rogerio Da Costa

Mr. Edson Rogerio da Costa is Director of the Company. Vast professional experience in the financial and payment methods industry. Degree in Accounting from Centro Universitário de Brasília – UniCEUB, MBA in Finance from FIPECAFI/USP and MBA in Strategic Leadership from INEPAD/UNISINOS. Career employee at Banco do Brasil since 1985, working as Executive Officer of Payment Methods since 2019. He worked previously as Executive Officer of Credit (07.2015 to 10.2016); Executive Officer of Corporate Bank (02.2014 to 07.2015); General Manager of Related-Entities Governance Unit (02.2012 to 02.2014); Corporate Superintendent (06.2011 to 02.2012); Business Superintendent (07.2009 to 06.2011); General Manager Corporate Agribusiness (11.2008 to 07.2009); General Manager Corporate Industries (02.2006 to 11.2008) and Market Manager – Corporate Superintendence São Paulo (06.2003 to 02.2006). He is a sitting member of the Boards of Directors of BBTur Viagens e Turismo Ltda., Parati S.A. Participações em Ativos de Energia Elétrica, Luce Empreendimentos e Participações S.A. He is also an alternate member of the Boards of Directors of Light S.A., Light SESA and Light Energia S.A., alternate member of the Fiscal Council of BB Seguros S.A., member of the Fiscal Council and Committees of Banco do Brasil Aktiengesellschaft (Austria) and Alternate Board Member of Banco Patagônia S.A.

Carlos Motta Dos Santos

Mr. Carlos Motta dos Santos is Director of the Company. Mr. Carlos Motta dos Santos holds a degree in administration with an MBA in business management. At Banco do Brasil since 1986, Mr. Motta held several positions, amongst them, general manager of Individuals, Corporate and Agricultural Business Unit, Bahia State retail controller, executive manager of the Strategy & Organization Executive Board, and Southeast Distribution Executive Board. Currently, Mr. Carlos Motta is the Retail Distribution Vice President at Banco do Brasil S.A.

Mauro Ribeiro Neto

Mr. Mauro Ribeiro Neto is Director of the Company. Vast professional experience in Corporate Law, Corporate Governance and Capital Markets. Degree in Law from Universidade Federal de Juiz de Fora. Graduate Degree in Corporate Law from IBMEC. Student of the Master’s Degree Course in Law at IDP. As Official Attorney of the Brazilian Treasury, he worked in the General Coordination of Corporate Affairs of the Federal Government from 2013 until 2016. He also worked as Executive Officer of Governance and Valuation of State-Owned Companies from 2016 to 2019. He held the position of sitting member of Neoenergia’s Board of Directors until July 2019. He currently holds the position of Special Advisor to the President’s Office of Banco do Brasil. Professor of Corporate Law, Corporate Governance and Capital Markets at Instituto Brasiliense de Direito Público, Instituto Brasileiro de Mercado de Capitais and Fundação Dom Cabral – FDC.

Artur Padula Omuro

Mr. Artur Padula Omuro is Director of the Company. Mr. Omuro holds a degree in Business Administration from Pontifical Catholic University of Campinas – PUC, an MBA with emphasis in Marketing from Getúlio Vargas Foundation – FVG, an MBA with emphasis in Banking from FIA – USP and Specialization in Advanced Management from AMP ADV Management – University of Navarra, Mr. Omuro is an employee of Banco Bradesco S/A, he has over 37-year experience of a career initiated in 1981 in a bank branch, Mr. Omuro held several positions until General Manager, subsequently working in different areas as Retail Management, Low and High Income Management Executive Controller, currently he serves as Bradesco Cartões Commercial Officer, in charge of distributing the products and services of Banco Bradesco and investees to all Individuals and Corporate segments.

Francisco Terra

Mr. Francisco Terra is Director of the Company. Statutory Officer at Bradesco Cartões, in charge of finance areas of the Cards Department since 2009. Mr. Terra also served at Banco Ibi S.A., from 2005 to 2009, as a controller, in charge of the regulatory information and services to the Brazilian Central Bank (indirect inspection). Between 2008 and 2009, Mr. Terra was Controllership and Financial Planning Officer. He also served at Banco Citibank for 17 years, acting in the areas of credit control, market risk credit control (treasury), companies regional division (except São Paulo), financial controllership, inclusive as officer assistant.q

Vinicius Urias Favarao

Mr. Vinicius Urias Favarao serves as Director of CIELO S.A. since June 28, 2017. Mr. Favarão holds a degree in business management with MBA in Capital Markets from IBMEC/SP, MBA in Business Management from INSPER, MBA in Retail Business: Strategy and Management from FIA – Management Institute Foundation and AMP –Advanced Management Program from ISE Business School /SP. Mr. Favarão initiated his career at Banco Excel S/A in 1992 and remained at the bank until September 1995. From September 1995 to November 2003, he worked at the banks Pontual S/A and Zogbi S/A acting in the area liable for business relationship with medium and large-sized companies, more specifically related to the management of loan and funding operations. Between 2002 and 2003, Vinícius worked at the financial institution Banco Zogbi S/A, as Commercial Officer Assistant, in charge of structuring partnerships with retailers for origination of consumer direct credit operations. In November 2003, Banco Bradesco S/A acquired Banco Zogbi S/A and as of that date, he worked at Finasa Promotora de Vendas as Executive Controller, head of consumer direct credit operations with large-sized retailers. In July 2006 and with Banco Bradesco S/A’s acquisition of American Express’ Brazilian operations, Vinícius then oversaw American Express’ Merchants Network in Brazil. In August 2010, he cumulated the responsibility for managing the product portfolio for individuals and legal entities of American Express, when he was nominated officer at the conglomerate of Banco Bradesco S/A Cards. Mr. Favarão was also the head of product portfolio of Visa, Mastercard and Elo cards. In July 2013, he was nominated Officer at Banco Bradesco Financiamentos S/A, unit in charge of payroll-deductible loans for retirees, pensioners and public servants, remaining at this position until February 2017, when he was nominated officer at Banco Bradesco Cartões.

Francisco Augusto da Costa e Silva

Mr. Francisco Augusto da Costa e Silva serves as an Independent Director of Cielo SA since June 2008. He holds a degree in Law from Universidade do Estado do Rio de Janeiro – UERJ (1972) and an Executive MBA from COPPEAD, Universidade Federal do Rio de Janeiro – UFRJ (1987). He began his professional career as an attorney at the Brazilian Development Bank – BNDES in 1974 through civil-service examination. During his career as attorney at BNDES, he held several positions, amongst them we point out BNDESPAR’s Legal Superintendent. He also served as officer at the BNDES, as Controller of Financial and International, Capital Markets and Administrative Areas. He was also Officer at BNDESPAR and BNDES. During such period, he was a member of the Boards of Directors of Fundação de Assistência e Previdência Social do BNDES – FAPES (Welfare and Social Security Foundation) and the Rio de Janeiro Stock Exchange. After serving one year and a half as Officer of the Brazilian Securities and Exchange Commission – CVM, he was nominated President of the Comission in August 1995, position he held until the end of January 2000. During such period he joined the COMOC – Comissão da Moeda e do Crédito (Currency and Credit Commission), an advisory body of the Brazilian Monetary Council and the Supplementary Private Pension Management Council; he also presided the Council of Securities Regulators of the Americas – COSRA and joined the Executive Committee of the International Organization of Securities Commissions – IOSCO, organizations which gather regionally and internationally the securities and exchange commissions all over the world. He was also a member of the Boards of Directors of several companies amongst them, Banco do Brasil S.A. (between 2001 and 2009) and Vale S.A (between 2007 and 2010). In the academic field, he was Commercial Law Professor at Faculdade de Direito UERJ, Faculdade de Direito Cândido Mendes and Instituto de Direito Público e Ciência Política from FGV-Fundação Getúlio Vargas.

Aldo Luiz Mendes

Dr. Aldo Luiz Mendes served as Independent Director of the Company. He holds Bachelor's and Master's degrees from Universidade Nacional de Brasilia and a Doctorate degree from Universidade de Sao Paulo. In 1995, he was appointed as Manager of International Finance of Banco do Brasil. In 2001, he was appointed as Managing Director for Markets Risks Management and Treasurer. In 2003, he was appointed as Director responsible for the financial and capital markets and investment areas. He has been Vice President for Finance, Capital Markets and Investor Relations since July 2005. He was Member of the Board of Directors of Bolsa de Mercadoria & Futuros - BM&F from December 2003 to September 2005, Chairman of the Deliberative Council of Caixa de Previdencia dos Funcionarios do Banco do Brasil - PREVI from 2005 to 2008, Member of the Board of Directors of Camara Interbancaria de Pagamentos - CIP and Alternate Member of the Board of Directors of CLBC. He also served as Member of the Board of Directors of Companhia Siderurgica Nacional and Caixa de Previdencia dos Funcionarios do Banco do Brasil SA - PREVI.

Gilberto Mifano

Mr. Gilberto Mifano serves as an Independent Director of Cielo SA since June 2009. He holds a degree in the Escola de Administração de Empresas de São Paulo of FGV – Fundação Getúlio Vargas in 1972. Between 2005 and 2012, he was a board member, Vice Chairman and Chairman of the Board of Directors of IBGC – Brazilian Institute of Corporate Governance. Between 1994 and 2008, he served as managing officer at BOVESPA – São Paulo Stock Exchange and CBLC – Cia Brasileira de Liquidação e Custódia (Brazilian Company of Settlement and Custody). During such period, he was responsible, among other things, for the creation of Novo Mercado, the integration of the Brazilian stock exchanges, demutualization and IPO of BOVESPA itself. Then, he negotiated the merger of Bovespa and BM&F when he was elected the first chairman of BM&FBOVESPA S/A – Securities, Commodities and Futures Exchange. Internationally, for nearly eight years, he was a member of the executive committees of WFE – World Confederation of Exchanges and FIAB – Ibero-American Federation of Stock Exchanges. From 1971 to 1994, he was executive and officer of banks and financial companies (Francês e Italiano; Serasa; Noroeste; Comércio e Indústria; Geral do Comercio; Sudameris) in the areas of credit, planning, information technology, marketing and products. Solid performance as a member of the audit, risk and finance committees of several companies. Since 2009 he has been serving as an advisory member of PRAGMA Gestão de Patrimônio Ltda. and external consultant of the Audit, Risk Management and Finance Committee of Natura S.A.. Since 2011 he has been serving as an independent member of the Audit Committee of TOTVS S.A.; since 2013 as fiscal council member of Natura Institute, Arapyaú Education and Sustainable Development Institute and RAPS – Rede de Ação Política pela Sustentabilidade (Network of Political Action for Sustainability); and since 2014, as an independent board member of Âmbar S/A.