RELÁTORIO ANUAL 2015

Our Company's Leaders

ABOUT BRMALLS

Board of Directors and Board of Executive Officers

BRMALLS’ executive officers are its legal representatives and are primarily responsible for the day-to-day management of its business and for implementing the general policies and guidelines determined by the Company’s bylaws and by its shareholders and board of directors. BRMALLS' board of directors is its decision-making body responsible for formulating the general guidelines and policies for its business, including its long-term strategies. Among other matters, it is responsible for appointing and supervising its executive officers. Our board of directors and board of executive officers at the end of 2014 are listed below:


Board of Executive Officers:

Born on February 3rd, 1973. Graduated in Finance and International Trade in 1994 at the New York University and completed the TGPM Program at Harvard Business School. He is BRMalls‘ CEO since the beginning, in 2006. He was a partner of GP Investments until 2011, which he joined in 1998. He was also a member of the Board of Directors of GP Investments, Gafisa, Tele Norte Leste (Oi), Contax, Internet Group (iG), among others. He began his career as an associate of Salomon Brothers, in New York, between 1994 and 1998.

Started his career at PwC Independent Auditors in 1995 as na External Audit trainee. In 2002 he became a manager responsible for sectors such as external audits, partnership planning, mergers and acquisitions and assistance on Capital Market operations. He started at BRMALLS in 2008 as a corporate controller until 2012 when he became the Director of the Shared Services Center (CSC).

Mr. Kameyama was born in July 13th, 1977. He holds a bachelor´s degree in Economics from IBMEC-Rio in 1998 and a master´s degree from Harvard Business School in 2005. In BRMALLS Mr. Kameyama has served as general manager in the Operations and M&A areas. Prior to working for BRMALLS, he served in the M&A area of Spoleto Franchising (2005-2006) and was an associate of Dresdner Kleinwort investment bank (1998-2003).

Holds a bachelor’s degree in mechanical engineering at Rio Grande do Sul Federal University (UFRGS) in 1995, a graduate degree in Business Management in 1997 at Fundação Getúlio Vargas, Master’s degree in Business at UFRGS in 2000 and an e-commerce extension in 2001 at U.C Berkeley. He was a financial director at Duloren (1999-2000 and 2006-2007) and a superintendent at UnibancoAIG (2001-2006). Started in BRMALLS in 2010 as the superintendent of Plaza Niterói later becoming a Regional Director (SP). In May 2014 he was elected Director of Business Development.

Graduated in Economics at PUC-RJ (Pontifícia Universidade Católica do Rio de Janeiro) in 1998, has a MBA from IBMEC and an extension in Marketing by U.C. Berkeley. He works with Malls since 1996, and has gone through many other companies before BRMALLS. In BRMALLS he acted as Commercial Manager in the holding level, Marketing Manager at Norteshopping, Commercial Manager for the Regions of North and Central West, Key Account Manager and Deputy Commercial Director.

Started her career at Pactual Bank in 1994 as a legal assistant, later becoming a lawyer and in 2001 an associate partner at Pactual in charge of the Legal department. She started at BRMALLS in January 2007 as a legal manager and later as a Legal Director in 2009. Currently she holds the position of Director of Business development in BRMALLS, in charge of analyzing and evaluating the legal aspects of all activities to be developed by the company in accordance to all legal and regulatory requirements.



Board of Directors:

Co-Founder and major shareholder of ECISA (now BRMALLS), one of the pioneering companies in the shopping mall sector in Brazil, which developed Brasilia’s “Conjunto Nacional” in 1960 – Brazil’s 1st shopping mall. Through ECISA, he consolidated the shopping mall sector, building and managing several enterprises, including the Norte Shopping and Shopping Recife, which are among the ten largest shopping malls in Brazil. As a result of Mr. Matheson’s entrepreneurial success, after having built a company with solid reputation and performance, ECISA was purchased as the initial platform for BRMALLS, today the largest shopping mall company in Latin America. Mr. Matheson was one of the founders of the Brazilian Association of Shopping Malls, the main entity representing the sector in the country, which aims at fostering, strengthening and collaborating with the development and growth of the shopping mall sector in Brazil. Mr. Matheson was awarded a bachelor‘s degree in Economics from Universidade Gama Filho in 1970. Since 2007, he has served as Chairman of the Board of Directors of the Company, contributing with his substantial experience.

He has been BRMALLS’ CEO since the company was founded in 2006. In 1994, Mr. Medeiros started his career as an associate at Salomon Brothers in New York. In 1998, he joined GP Investments, a leading investment company in Latin America. Mr. Medeiros has served as a member of the Board of Directors of GP Investments, Gafisa, Tele Norte Leste (Oi), BR Properties, Contax, Internet Group (iG), among others. He was a partner of GP Investments from 1998 to 2011. Under his management, BRMALLS increased its revenue more than 15 times and became Latin America’s largest company in the shopping mall sector. Mr. Medeiros is currently a Trustee of the International Council of Shopping Centers (ICSC). He graduated from New York University with a degree in Finance and Foreign Trade and holds a graduate degree in Business Administration from Harvard Business School. Since 2007, he has served as a member of BRMalls’ Board of Directors.

Mr. Quinta joined BRMALLS in 2007 as the company’s COO and later became the Chief Development Officer. Mr. Quinta retired from BRMALLS in 2015. Prior to BRMALLS, Mr. Quinta worked at Multiplan for 20 years. When he left Multiplan in 2007, he was its COO. He has over 30 years of experience in the shopping mall sector. At BRMALLS, Luiz Quinta led the team that developed the greatest number of shopping malls in Brazil, with the opening of 10 shopping malls and 17 expansions in 7 years. He also set up a good networking with the main retailers in the country. He graduated in Engineering from Universidade Federal de Goiás in 1981 and holds graduate degrees in Administration from IBMEC, Rio de Janeiro, awarded in 2001, and in Business Management from FGV, Rio de Janeiro, with extension in the University of California, Irvine campus. In 2009, he completed the Executive Development Program - EDP at University of Pennsylvania, Wharton. Since 2012, he has served as a member of BRMalls’ Board of Directors, contributing with his substantial experience in the malls sector in general and in the Company, specifically.

Mr. Camargo is one of Brazil’s most respected economists. He has won several prizes in economics from ANPEC and has published five books. He was a founding member of Tendências Consultoria (1996–2008) and has worked as a consultant to the BNDES, OIT, World Bank and the Interamerican Development Bank (IDB). He has also published a vast list of academic papers in several universities in the world. In 2008, he became Partner and Chief Economist of Opus Gestão de Recursos, which manages more than R$2 billion in the financial and real estate markets and in the real market, locally and globally. He graduated in Economics from Universidade Federal de Minas Gerais in 1970 and holds a PhD in Economics, awarded in 1977, from the Massachusetts Institute of Technology. Since 1978, he has been a Full Professor in charge of the Economics Department of Pontifícia Universidade Católica in Rio de Janeiro – Brazil’s leading Economics University. Mr. Camargo has been a member of the board of BRMalls since 2010, contributing with his opinion on the country's economy and the main effects on the Company’s business.

In 1974, Mr. Ferreira founded Richards, one of Brazil’s most successful retail chains, with over 85 stores throughout the country. In 2011, when Richards merged into Inbrands, one of the largest fashion retailers in Brazil with more than 330 stores, Mr. Ferreira was elected a member to the Board of Directors of Inbrands, He was a director at ABIT (Brazilian Association of the Textile Industry), which represents companies that employ over 1.6 million workers and generate together an annual revenue of US$53.6 billion. From 2010 to 2014, he was a member of the Board of Directors of Companhia Industrial Cataguases. He has been a board member of Lojas Americanas. He has been a member of BRMALLS’ Board of Directors since 2012, contributing with his extensive experience in the retail sector.

He was a founder and CEO of one of Brazil’s leading investment banks in the 1980’s, which was later sold to the Portuguese bank BANIF. With a broad business vision and great dedication to the Brazilian financial markets, Mr. Gonçalo has been a member of the executive board of leading institutions, such as: the National Association of Open Market Institutions (ANDIMA); the Rio de Janeiro Stock Exchange (BVRJ), where he served as a director and vice-president for three terms of office; the Association of Banks of the State of Rio de Janeiro (ABERJ); the Union of Banks of the State of Rio de Janeiro (SBERJ); and the Futures and Commodities Exchange (BM&F), where he served as a director for two terms of office. In addition, he held the position of director at Banco Banif Primus S/A, Banif-Banco de Investimento S/A-Portugal, Itograss Agrícola, CDS and Argon Administração e Participações Ltda. He also served as an International Advisor to the Portuguese Government in Brazil and was the President of Primus Ipanema Agropecuária. In 2005, Mr. Araújo Dias was made an honorary citizen of the State of Rio de Janeiro. He is a founding member and activist of the World Wildlife Foundation (WWF), an NGO participating in an international network committed to conserving nature considering Brazil’s social and economic challenges. He started his career in the financial markets at Invest-Banco in 1968. He currently serves as partner at Primus Ipanema Agropecuária and Itograss Agrícol, companies operating in the agricultural industry, as well as in Argon Participações, a company operating in the real estate and asset management industries, which invests in real estate, agribusiness and financial assets in Brazil and Europe. Mr. Gonçalo has been a member of the board of BRMalls since 2012, contributing on capital markets issues as well as discussions relating to the Company’s corporate governance.

Consolidated his career in the financial markets, with over 16 years of experience in investment banks, that encompassed several sectors, that included local and global clients. Mr. Bicudo was a Managing Director, a Head of Investment Banking and a member of the Management Committee of Goldman Sachs in Brazil. He also worked at Citigroup in New York and São Paulo. He has experience and vast knowledge of Brazil’s real estate sector, and has led a team responsible for some of BRMALLS’s public offerings, M&A and debt offerings, while at Goldman Sachs. He served as CEO and Director of ENEVA S.A., one of the largest private power generation companies in Brazil. Mr. Bicudo holds an MBA in Finance from the Columbia Business School. He also studied at HEC in Paris and graduated from Fundação Getúlio Vargas (FGV) in São Paulo. Mr. Bicudo has been a member of the board of BRMalls since 2014, contributing on financial topics, strategy and M&A.Management clarifies that the nominated members fulfill the conditions set forth for the position of a director mentioned in Article 14 of the Company’s Bylaws, and they do not occupy positions in companies or entities that may be deemed as competitors of the Company nor as having conflicting interests. They are also aligned with the Company’s values and principles and have technical expertise, experience and flawless reputation, as well as the ability to work in a diligent and independent manner. Moreover, the directors who served in the previous term of office attended all the meetings and made a significant contribution to the Company’s strategy, performing with great synergy, having supplemental competencies and adding substantial value to management.