People: Cielo SA (CIEL3.SA)
21 Jun 2019
Labuto, Marcelo Augusto
Mr. Marcelo Augusto D. Labuto serves as Chairman at CIELO S.A. since January 26, 2017. He has vast professional experience in the financial, insurance and retail areas. Career civil servant at Banco do Brasil, he has been acting as Retail Business Vice President at Banco do Brasil since 2016. Previously, he was the Chief Executive Officer of BB Seguridade Participacoes 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. He is a sitting member of the boards of directors of BB Seguridade Participacoes S.A.; Brasilcap Capitalizacao S.A.; IRB Brasil Resseguros; Elo Participacoes S.A.; Companhia Brasileira de Solucoes e Servicos; BB Mapfre SH1 Participacoes S.A.; Mapfre BB SH2 Participacoes S.A.; Brasilprev Seguros e Previdencia S.A., where he also acts as member of the Advisory Committee and member of the Executive Committee of BB Insurance Group and Mapfre. He holds a degree in Management from Universidad Nacional de Brasilia (UnB) and in Information Systems Management from UNEB (Educational Union of Brasilia), with an MBA in Marketing, from The Coppead Graduate School of Business.
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