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People: Cielo SA (CIEL3.SA)

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da Costa e Silva, Francisco Augusto 

Mr. Francisco Augusto da Costa e Silva serves as an Independent Director of Cielo SA since June 2008. He began his career at BNDES as a Lawyer and worked in various positions before becoming Executive Officer. He was Commercial Law Professor at UERJ, Faculdade de Direito Candido Mendes and at Instituto de Direito Publico e Ciencia Politica of FGV. After spending 18 months as Executive Officer of the CVM, he was named President of the Independent Governmental Agency in August 1995, a position which he held until January 2000. He is currently Partner at the offices of Bocater, Camargo, Costa e Silva Advogados and Member of the Board of Directors of Companhia Vale do Rio Doce. He also acts as Member of the Board of Consultants of Pontificia Universidade Catolica do Rio de Janeiro and Member of the Arbitration Chambers of the Novo Mercado segment of the BM&FBOVESPA and the Ethics Committee of APIMEC. He studied at Universidade Federal do Rio de Janeiro (UFRJ) where he gained a Masters of Business Administration in 1987 and at Universidade do Estado do Rio de Janeiro (UERJ) where he gained a degree in Law in 1972.

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