Executive Board

 

Brazilian, born on December 28, 1965. Economist graduating from FEA-USP in 1986 and in law from PUC-SP in 1989 with a Master’s degree in Economics from IE UNICAMP in 1992, PhD in Economics from FEA-USP in 1999. From January 1994 to February 1999, he was Technical Advisor to the Executive Board of the São Paulo State Government Privatization Program. From February 1999 to May 2012, he worked at BBVA’s Representative Office in Brazil and BBV Banco as Legal Representative in Brazil. From July 2006 to May 2012, he was responsible for the management of wholesale bank products with a focus on offshore bank finance and investment bank products. He was Mergers and Acquisitions Director for BBVA for Latin America between September 2005 and June 2006; Mergers and Acquisitions Director for BBVA Representative Office in Brazil and BBV Banco from March 2000 to September 2005 and Senior Economist for BBV Banco from February 1999 to February 2000. From July 2012 to November 2013 he was Chief Financial and Investor Relations Officer for the Company. Since November 2013, he has been the Company’s Chief Executive Officer.

 

Brazilian, born on 05 March, 1962. Economist graduating from Unicamp in 1985 and in accountancy from PUC – Campinas in 1989 with an MBA in Finance from IBMEC in 1992, managerial refresher and development courses in the United States with professors from the Harvard Business School, Tuck School of Business in 1998 and managerial refresher and development courses in Switzerland with professors from IMD – International Institute for Management Development in 2008. From November 2005 to December 2009, he was Executive Director of Finance and Business Transformation for Tetra Pak Ltda., operating in the packaging area, for Cluster América do Sul e Central, where he was responsible for the areas of Finance, Supplier Management, Business Transformation (IT and monitoring of process performance). From December 2009 to October 2013, he was Vice President for Finance and Investor Relations of AES Holdings Brasil Ltda., the holding company which controls AES Eletropaulo, AES Sul, AES Tietê and Uruguaiana, responsible for the areas of Treasury and Investor Relations, Financial Control and Reporting, Financial Planning and Tax Planning. Since November 2013, he has been the Company’s Chief Financial and Investor Relations Officer, being responsible for the activities of the Finance Area, including treasury and financial operations, financial planning, accounting, legal and fiscal liability reporting and for information to the market and for the relationship with all stakeholders. Since July 2014, he has accumulated the functions of Chief Financial/Administration Officer for the Interligação Elétrica Pinheiros S.A., Interligação Elétrica Serra do Japi S.A., Interligação Elétrica de Minas Gerais S.A. subsidiaries, transmission and electric energy companies, and Evrecy Participações Ltda., electric energy transmission services provider.

 

Brazilian, born on April 29, 1951. Electrical engineer with a Master’s in Power Systems from Universidade Federal de Engenharia de Itajubá. Began his professional career in the area of Projects and Industrial Electrical Installations. He was a professor for graduate and postgraduate courses at the Universidade Federal de Engenharia de Itajubá. Worked at Companhia Energética de São Paulo – CESP for about 20 years, having managed the Operations and Telecommunications Departments reaching the position of Assistant Director for Generation and Transmission. He was Operations Director for the National Electrical System Operator – ONS, participating in the first Executive Board which structured the government agency. At the Company, he initially worked as advisor to the Chief Executive Officer and subsequently as Manager for Operations Department, currently holding the position of Chief Institutional Relations Officer. He is an alternate director on the Board of Directors of Interligações Elétricas do Madeira – IE Madeira. He sits on the Board of the IEE – Instituto de Energia e Ambiente da Universidade de São Paulo. He is president of the Board of ABCE – Associação Brasileira de Companhias de Energia Elétrica – Brazilian Association of Electric Energy Concessionaires. From 2007 to 2014, he held the position of Manager - Operations Department at ISA CTEEP between September of 2014 and June of 2016 and worked as Regulatory Affairs Manager. In July of 2016, he was elected Chief Institutional Relations Officer and worked in that position until May of 2017, when he was elected as Technical Director.

 

Brazilian, born on October 26, 1979. Graduated in Business Administration, Master in Science and Doctor in Science by FEA-USP. Received prizes of “best student in the course”, “best finance under graduate thesis” and “best student at FEA-USP”. MBA and Post Graduation teacher at FIA-USP of the following courses, among others: valuation, M&A, private equity and risk capital, cost and capital structure, corporate finances, econometrics, financial calculus, quantification methods and applied statistics. Author of scientific jobs published in periodicals and international congresses. Before assuming the Department of Institutional Relations in the Company, was responsible for Regulatory Affairs. Has over 17 years of experience in corporate finances and investment banking, having executed over 40 M&A transactions and consultancy projects, with an added value above US$ 100 billion, as well as projects in the electric sector, including the acquisitionof ISA CTEEP from ISA. Was Executive Director, Head of Corporate Finance in Brazil and Head of Power&Utilities and Metals&Mining Americas of BBVA and Vice President of Corporate Finance at BBVA S.A. (Spain). Previously worked at Santander, in which was Vice President in the Investment Banking area, Head of Metals & Mining, Oil & Gas, Financial Institutions and Real Estate.

 

Brazilian, born on December 02, 1969. Electrical engineer graduating from EFEI - Escola Federal de Engenharia de Itajubá in 1992 with specialization on Electrotechnology/Power Systems. Perfection course in Synchronous Machines for Electrical Engineers at USP - Universidade de São Paulo in 1995. Specialization in Engineering Technology at USP in 2002. Master’s qualification in Engineering from UNITAU – Universidade de Taubaté in 2002. MBA in Financial Management and Control from UNITAU in 2007. Post-graduation degree in Corporate Law and Tax Management and Law from INPG – Instituto Nacional de Pós- Graduação in 2014 and an MBA in the Electrical Sector (ongoing) at the FGV – Fundação Getúlio Vargas from 2014 to 2016. He was the Company’s Regional Manager for Taubaté from 2010 to 2014 and Maintenance Department Manager until April 2016. Since June 2016, has held the position of Chief Projects Officer for the Company.

Board of Directors

 

Colombian, born on March 12, 1959. Economist, graduated in 1982 from Universidade de Los Andes, MBA in Economy at Universidade de Los Andes in 1985 and MBA with a financial, corporate economics and international focus, PhD courses in economics, micro and macroeconomics from Columbia Business School, New York – 1986 to 1988.

From 2001 to 2015 he was a founding partner of Nogal Assessorias Financeiras, an independent investment bank in Colombia and Latin America. During the period with the bank, he led various important transactions and involving more than 100 consultancies in various segments of the economy such as: mining, oil and gas, industry, energy, commerce and consumption, financial services, agribusiness, packaging, real estate and construction and pharmaceuticals.

President of ING Barings, which operated in the banking sector in Colombia, Director for the Andean Region, he was appointed President and CEO for the merged operations of Barings and ING Colombia. Led the equity analysis team in Colombia for 1995 - 1997. In the M&A field, Mr. Vargas participated in transactions for a number of important corporate clients in Colombia, the region and for the Colombian government. He was founding CEO of Proexport Colômbia, a national agency for promoting exports, founding CEO of Fiducoldex, a Colombian government trust agent for foreign trade and advisor to the Minister for Foreign Trade. Since 2015, he has been CEO of Interconexión Electrica S.A. (ISA), the controlling holding of the Company. Member of the Board of Directors of the following companies: ISA Capital do Brasil S.A., ISA Peru, Amarilo, Spectrum (Guatemala), Dynamo Producciones, Lumni Colômbia, Best Buddies, Fundación Neme, Fundación San Mateo Apostol and Hospital Infantil Universitario de San José.

 

Uruguayan, born on January 10, 1958. He graduated in economics. Gustavo Marin is Executive Vice President of First Data Corporation (FDC) with operations in payment systems and is president of the administrative committee for Latin America (since February 2015). Mr. Marin is a member of the board of Santander Asset Management UK (SAM UK), the controlling company of the SAM Group, controlled by the Banco Santander Group and private equity firms such as Warburg Pincus and General Atlantic. In addition, he is president of the audit committee of SAM UK. Mr. Marin was President of Citibank, a company in the banking sector in Brazil, Argentina, Uruguay and Paraguay until 2012. He was appointed CEO of Citibank in Brazil in 2001, responsible for all the business segments in the country. He was invited by the Brazilian government to be a member of the Economic and Social Development Council (CDES), an advisory body to the President of the Republic during the first Luis Inácio Lula da Silva Administration (2002 – 2006). He is also a member of the Company’s Board of Directors.

The criteria of independence adopted by the IBGC to base the appointment of Gustavo Carlos Marin Garat as an independent member of the Board of Directors. Gustavo Carlos Marin Garat has declared and declares therefore there is no conjugal relationship, common law marriage or family relationship up to twice removed between him and (a) the members of management of the Company; and (b) the members of management of the companies controlled, directly and indirectly by the Company. In addition, he has declared and declares that there is no relationship of subordination, as a service provider or control maintained in the last 3 fiscal years, between him and: (a) companies controlled directly or indirectly by the Company; (b) direct or indirect controller of the Company; and (c) suppliers, clients, debtors or creditors of the Company, of their controlled or controlling companies or under the control of any of these persons.

 

Colombian, married, born January 24, 1981, economist and a graduate of Harvard University. She has an MBA in Finance from Columbia Business School. She worked: (i) as Vice President for Emerging Markets at JPMorgan in London from 2006 to 2009; and (ii) as an Analyst and Associate for Latin America at the same investment bank in New York between 2003 and 2006. Again, she was part of the team at Sociedades Bolívar S.A. between 2014 and 2015 and at NewFoundland Capital Management between 2012 and 2013. She also worked at the Ministry of Finance as Director-General of Public Credit and National Treasury in Bogotá between 2015 and 2017, heading up the finance departments (Investment Bank, Treasury, Operations and Investor Relations). Since 2018, currently occupies a position at Cenit Transporte e Logística de Hidrocarburos S.A.

 

Colombian, born on July 30, 1956. He has a degree in electrical engineering from Universidade Nacional de Colômbia with specialization in Quality Management from the Universidad EAFIT and a Master’s Degree in Operational Research from Strathclyde University, Scotland - UK in 1987. He was manager for Corporate Strategy at ISA – Interconexión Eléctrica S.A.E.S.P., where he coordinated strategic activities in term and positioning, growth and new businesses.

He was Chief Executive Officer of the Company from 2009 to November 2013. Since November 2013, he has been Vice President -Energy Transmission and responsible for the corporate areas of Projects, Operations, Engineering and Supply for Interconexión Electrica S.A. (ISA), the Company’s controlling holding company. Currently he is also a member of the Board of Directors of the Company, Transelca S.A.E.S.P., an energy transmission company, Intercolombia S.A.E.S.P., Red de Energía del Peru S.A, Consorcio Transmantaro S.A., ISA Perú S.A., Interchile S.A., Isa Capital do Brasil S.A. and Interconexión Eléctrica Colombia-Panamá, S.A., a bi-national construction company and the operator of the electricity link between Panamá and Colombia.

 

Colombian, born on February 13, 1955. Electrical engineer a graduating from the Universidade Nacional de Colômbia in 1978, with a Master’s degree in Electrical Power Systems Analysis from Manchester University in 1983, specializing in Finance from the Universidad EAFIT - Medellin in 1995 and from FGV - São Paulo in 2008. In 1979 he joined ISA as an operations engineer for the interconnected system and later occupying technical and administrative positions. Between January 2005 and January 2007, he held the position of Manager – South America Region, for Interconexión Eléctrica S.A. E.S.P, a Colombian company in the electricity sector. Since 2007, he has been Chief Executive Officer of ISA Capital do Brasil S.A., the Company’s controlling holding company and member of the Company’s Board of Directors and since 2013, a member of the Board of Directors of Internexa Participações, a holding company pertaining to the Grupo ISA.

 

Mr. José Andrés Romero Tarazona is a lawyer specializing in Political, Economic and Social Studies from the University of Notre Dame (USA) and an LL.M in US and International Taxation from New York University (USA). He was a partner with law firm “Brigard & Urrutia Abogados S.A.S” (Colombia) from 2008 to August 2018 and is currently General Director – Bureau of National Taxes and Customs of the Government of Colombia since August 2018.

 

Brazilian, married, born on May 31, 1955, graduating in electrical engineering from the Universidade Federal do Rio de Janeiro, with specialization in Electrical Power Systems from PUC-RJ and in continuous current transmission from Universidade Federal de Itajubá. He also has an Executive MBA from COPPEAD. He worked at GE Brasil in the industrial machines sector – field engineering from 1979 to 1980. Entered Eletrobras in 1980, having taken several leadership positions, including Engineering and Planning Director of Eletrobrás starting in 2010. In 2016, he assumed the position of General Coordinator of the Transmission Department. He was a Board Director of Interligação Elétrica Madeira S.A., between 2010 and 2011, as well as President of the Board of Directors of CEA – Companhia de Eletricidade do Amapá between 2013 and 2014. He is also an independent member of the Company’s Board of Directors.

The criteria of independence used in Paragraph 3, Article 16 of the Novo Mercado Listing Regulations have been used to characterize Mr. Simas Parentoni as an independent member of the Board of Directors, given that he was elected on a separate vote.

 

Brazilian, married, born on November 09, 1965, electrical engineer graduating from the Universidade Paulista in 2014, occupational safety engineering from the Universidade Candido Mendes in 2016, with a Bachelor’s degree in Law from Bauru Law Faculty in 1995, enrolled in the Brazilian Bar Association - São Paulo Section, with a post-graduate qualification in Social Security Law from Universidade Candido Mendes in 2017, mechanical technology from the Universidade Estadual Paulista Júlio de Mesquita Filho – Unesp in 1989. He is currently undertaking an MBA course in Financial Management and Control. He has been an Executive Councilor at Fundação CESP since April 2009. He was Board Director of the Economic and Mutual Credit Cooperative for the Employees of Electric Energy Companies for the State of São Paulo from March 2000 to July 2011 (three terms of office) and a Fiscal Councilor from March 1999 to March 2000.

Fiscal Council

 

Brazilian, born on April 12, 1975. A lecturer at Fundação Getúlio Vargas (EBAPE/FGV) and Universidade do Estado do Rio de Janeiro (FAF/UERJ). He has a PhD in Accounting Sciences from FEA/USP (2005), a Master’s degree in Accounting Sciences from FAF/UERJ (2001), graduating in Accounting Sciences (1998) and in Law (1998). He is partner at SzusterCardoso Serviços Contábeis. Consultant and advisor for companies in IFRS/CPC and governments in IPSAS/MCASP. Alternate member of the Fiscal Council of the WWF-Brasil. Member of the Accounting Norms and Audit Commission of the Brazilian Association of Publicly Held Companies (CANC-ABRASCA). In 2010 worked as Academic Fellow of the International Financial Reporting Standards Foundation (IFRS Foundation) in London. In 2011, he sat on PWC-Brasil’s Risk&Quality Committee. In 2012, he worked as an independent consultant for the World Bank in the preparation of the Report on the Observance of Standards and Codes in Accounting and Auditing (ROSC-A&A). Between 2010 and 2013, he advised the Federal Accounting Council, collaborating directly with various working parties, among them: technical revision of the IPSASs Handbook 2010, dissemination of the CPC PME, dissemination of the IFRSs and the constitution of GLASS. Interest in research in Regulation, Professional Judgement and Quality of Accounting Information both in the public and corporate sectors.

 

Portuguese, born on October 17, 1950. An accountant qualifying in 1977 and graduating in business administration in 1975 from the Faculdade de Ciências Contábeis e Administrativas Moraes Júnior (now Mackenzie– RJ). Founder (1984) and Chief Executive Officer of Domingues e Pinho – Contadores (outsourcing in the accounting, tax, financial, human resources, personnel and paralegal areas), Founder (1996) and Chief Executive Officer of GBrasil – Grupo Brasil de Empresas de Contabilidade, Member of IGAL – Intercontinental Grouping of Accountants and Lawyers, Director of the Brazil-Germany Chamber of Commerce and Industry, Finance Director of the American Chamber of Commerce for Brazil, Vice President of the Brasil-Israel Chamber of Commerce, Director of the Portuguese Chamber of Commerce and Industry in Rio de Janeiro, Member of the British Chamber of Commerce and Industry in Brazil. He was President of the Board of Directors of Cromos S.A. Tintas Gráficas, operating in the paints sector between 1999 and 2000 and of the Fiscal Council of Eletropaulo Metropolitana Eletricidade de São Paulo S.A., an electric energy distributor, between 2000 and 2001. He was Fiscal Councilor of TBG – Transportadora Brasileira Gasoduto Bolívia-Brasil S/A. (Petrobras Group) between 2007 and 2012. Currently, he is President of the Fiscal Council and Finance Director for Ação Comunitária do Brasil. He has sat on the Company’s Fiscal Council since 2006.

 

Brazilian, born on July 27, 1951. Graduated in civil engineering from the Escola Politécnica – USP in 1973, with Specialization in Business Administration at FGV in 1978, Specialization in Applied Economics from FGV in 1981, Corporate Finance from Harvard Business School in 1986, Strategic Marketing from Stanford University in 1990, Negotiation from the University of California - Berkeley in 2004 and mergers and acquisitions from Wharton Business School in 2007. He has been Executive-Partner of Doing Business Consultoria Empresarial Ltda. since 2010 in the Corporate Finance and Governance area. He was Vice President of the Board of Directors of Eletropaulo Metropolitana Eletricidade de São Paulo S.A. between 1999 and 2001, Vice President of the Board of Directors of Light S.A., an electric energy distributor between 1999 and 2001 and Vice President and Director of Duratex S.A., a producer of wood panels, sanitaryware and metal fixtures between 1990 and 1998. He has been president of the Fiscal Council of Ultrapar Participações S.A., a holding company since 2005, a member of the Board of Directors of Ser Educacional, a company in the educational sector since 2010 and the Senior Solution, which has operated in the information technology sector since 2012. He has been one of the Company’s Fiscal Councilors since 2012 and of Itausa, a holding company, since 2014.

 

Brazilian, born on August 15, 1981. She obtained a Bachelor’s degree in Law from PUC-Rio in 2005 and completed a Corporate Law and Capital Markets course at FGV/RJ in 2008, obtaining a Master of Laws in Business Law qualification at FGV/RJ in 2013. She has worked at Eletrobrás since 2007, holding positions of Lawyer in the period from January 2007 to February 2010, Manager for the Legal Orientation Division from February 2010 to January 2012, Manager of the Administrative Agreements Division from January 2012 to June 2012, Manager of the Business Law Department from June 2012 to December 2013, Manager of Investor Relations Department from December 2013 to November 2016 and Senior Manager for Investor Relations from December 2016. She sat on the Fiscal Council of Eletrobrás - Distribuição de Alagoas from April 2014 to August 2015 and of Companhia Energética de Roraima from 2013 to April 2014. She has been a member of the Fiscal Council of Eletros – Fundação de Previdência Social since August 2015.

 

Brazilian, born on March 17, 1980. Bachelor’s degree in International Relations from UNESA in 2004. He as an MBA in Management of Foreign Trade and International Negotiations from the FGV/RJ in 2006. An Executive MBA in Financial Business from IBMEC/RJ in 2009. Postgraduate qualification from George Washington University - USA in “Theory and Operation of a Modern Economy” in 2014. International Relations Analyst at Eletrobrás in the period from July, 2006 to June, 2008. Financial Analyst at Eletrobrás in the period from July 2008 to July 2010. Manager for the Risk and Profitability Division of Eletrobrás from August 2010 to April 2015. Manager of the Business Development Department of Eletrobrás from May 2015 to December 2016. Has occupied the position of manager in the Planning and Control Department of Eletrobrás since December 2016.

 

Brazilian, born on September 11, 1963. Accountant and graduating from the Faculdade de Ciências Contábeis e Administrativas Moraes Júnior (now Mackenzie) - Rio de Janeiro in 1988 and with an MBA in Energia Management from the Fundação Getúlio Vargas in 2003. He participated in the Haggai Institute’s Advanced Leadership Seminar in Singapore in 2006. Since 1997, he has been a partner in Empresa Domingues e Pinho Contadores with its principal activities being outsourcing in the accounting, fiscal, personnel and financial areas. Currently, he is director responsible for the operations of Empresa Domingues e Pinho Contadores in the city of São Paulo. He was Accounting Manager at Mesbla S.A., a retailer. He has been an alternate member of the Company’s Fiscal Council since 2006.

 

Brazilian, born November 19, 1960. Accountant, graduating from the Faculdade de Ciências Contábeis e Administrativas Moraes Júnior (now Mackenzie – Rio de Janeiro) in 1983. He has had 36 years of professional experience in multinational industries in the Accounting-Financial area: Financial Control, Accounting, Financial Planning, Fiscal, Costs, Accounts Payable and Receivable and Treasury. Long experience in the coordination of Financial Statements. He is General Director of Domingues e Pinho Contadores, which has been providing accounting and consultancy services since 1987. He works as an administrator for the SES Americon companies, an operator for companies in the telecommunications sector. He is a member of the American Chamber of Commerce for Brazil and sits on the Chamber’s Gas and Energy Committee / Rio de Janeiro, Finance Director of the Brazil-Germany Chamber of Commerce and Industry. He was Vice President of IGAL– International Grouping of Accountants and Lawyers between 2013 and 2015, a member of the Finance Commission – IBEU (Brazil-United States Institute). He sat on the Fiscal Council of Eletropaulo Metropolitana Eletricidade de São Paulo S.A., Lowndes & Sons S.A., a broker and condominium administrator, and Administradora Itahy S.A. operating in the hotel sector, and Brasfels S.A., a shipyard. He is currently an alternate on the Company’s Fiscal Council.

 

Brazilian, born on July 23, 1964, he graduated in Sciences and Electronic Engineering from the University of Arkansas, Little Rock (USA) in 1990, with a master’s degree in Electrical Engineering with focus on Telecoms and Finance from California State University, Long Beach in 1992 and specialization in Administration and Marketing from CEAG - FGV/SP in 1999. His career of more than 26 years has been in the Financial, Commercial and Operational areas as well as in general business management in Infrastructure-related companies in Brazil and in the USA with periods at Alupar Investimentos S.A as Financial and Investor Relations Officer in the period from 2007 to 2009, General Director of Empresa de Transmissão de Energia do Espírito Santo S.A. from 2009 to 2013, Financial and Administration Director for Queluz Energia S.A. and Lavrinhas Energia S.A. from 2009 to 2013, Vice President for Business Development, Engineering and Construction at Brookfield Energia Renovável S.A., from 2013 to 2014 and Executive VP and CEO for the subsidiaries of the China Three Gorges Brasil Group – CTGBr from 2014 to February 2017. Since 2007, has also occupied various positions on the Boards of Directors of energy transmission and generation companies for different economic groups. He has been an IBGC – Brazilian Corporate Governance Institute-certified fiscal councilor since 2016.

 

Brazilian, born on July 25, 1980. Accountant, graduating from the Faculdade Moraes Junior in 2001 and with a degree in Accounting Sciences from the Universidade do Estado do Rio de Janeiro obtained in 2005. He completed the Minerva Executive Education Program from George Washington University - USA in 2015. He has occupied the position of Manager for the Tax Management Division of Eletrobrás since December 2013, having previously held the position of Accounting and Budget Manager for Eletrobrás Participações – Eletropar from December 2009 to December 2013. His experience has focused principally on Account Disclosure, International Accounting and Corporate Governance.

 

Brazilian, born on March 01, 1977. Company business administrator, graduating from Universidade Estácio de Sá in August 1999, obtaining an MBA in Corporate Finance from PUC/RJ in 2003 and a Master’s degree in Administration from IBMEC in June 2008. He has worked at Eletrobrás since March 2004, since January 2010 as Manager of the Financial Control Department in the Finance Division with his principal functions being the coordination of processes for programming, reprogramming, reallocation and consolidation of the budget of the Eletrobrás companies – Global Expenditures Program – PDG.

Compensation Committee

 

Colombian, married, born January 24, 1981, economist and a graduate of Harvard University. She has an MBA in Finance from Columbia Business School. She worked: (i) as Vice President for Emerging Markets at JPMorgan in London from 2006 to 2009; and (ii) as an Analyst and Associate for Latin America at the same investment bank in New York between 2003 and 2006. Again, she was part of the team at Sociedades Bolívar S.A. between 2014 and 2015 and at NewFoundland Capital Management between 2012 and 2013. She also worked at the Ministry of Finance as Director-General of Public Credit and National Treasury in Bogotá between 2015 and 2017, heading up the finance departments (Investment Bank, Treasury, Operations and Investor Relations). Since 2018, currently occupies a position at Cenit Transporte e Logística de Hidrocarburos S.A.

 

Colombian, born on March 12, 1959. Economist, graduated in 1982 from Universidade de Los Andes, MBA in Economy at Universidade de Los Andes in 1985 and MBA with a financial, corporate economics and international focus, PhD courses in economics, micro and macroeconomics from Columbia Business School, New York – 1986 to 1988.

From 2001 to 2015 he was a founding partner of Nogal Assessorias Financeiras, an independent investment bank in Colombia and Latin America. During the period with the bank, he led various important transactions and involving more than 100 consultancies in various segments of the economy such as: mining, oil and gas, industry, energy, commerce and consumption, financial services, agribusiness, packaging, real estate and construction and pharmaceuticals.

President of ING Barings, which operated in the banking sector in Colombia, Director for the Andean Region, he was appointed President and CEO for the merged operations of Barings and ING Colombia. Led the equity analysis team in Colombia for 1995 - 1997. In the M&A field, Mr. Vargas participated in transactions for a number of important corporate clients in Colombia, the region and for the Colombian government. He was founding CEO of Proexport Colômbia, a national agency for promoting exports, founding CEO of Fiducoldex, a Colombian government trust agent for foreign trade and advisor to the Minister for Foreign Trade. Since 2015, he has been CEO of Interconexión Electrica S.A. (ISA), the controlling holding of the Company. Member of the Board of Directors of the following companies: ISA Capital do Brasil S.A., ISA Peru, Amarilo, Spectrum (Guatemala), Dynamo Producciones, Lumni Colômbia, Best Buddies, Fundación Neme, Fundación San Mateo Apostol and Hospital Infantil Universitario de San José.

 

Colombian, born on July 30, 1956. He has a degree in electrical engineering from Universidade Nacional de Colômbia with specialization in Quality Management from the Universidad EAFIT and a Master’s Degree in Operational Research from Strathclyde University, Scotland - UK in 1987. He was manager for Corporate Strategy at ISA – Interconexión Eléctrica S.A.E.S.P., where he coordinated strategic activities in term and positioning, growth and new businesses.

He was Chief Executive Officer of the Company from 2009 to November 2013. Since November 2013, he has been Vice President -Energy Transmission and responsible for the corporate areas of Projects, Operations, Engineering and Supply for Interconexión Electrica S.A. (ISA), the Company’s controlling holding company. Currently he is also a member of the Board of Directors of the Company, Transelca S.A.E.S.P., an energy transmission company, Intercolombia S.A.E.S.P., Red de Energía del Peru S.A, Consorcio Transmantaro S.A., ISA Perú S.A., Interchile S.A., Isa Capital do Brasil S.A. and Interconexión Eléctrica Colombia-Panamá, S.A., a bi-national construction company and the operator of the electricity link between Panamá and Colombia.

Audit Committee

 

Brazilian, married, born on May 31, 1955, graduating in electrical engineering from the Universidade Federal do Rio de Janeiro, with specialization in Electrical Power Systems from PUC-RJ and in continuous current transmission from Universidade Federal de Itajubá. He also has an Executive MBA from COPPEAD. He worked at GE Brasil in the industrial machines sector – field engineering from 1979 to 1980. Entered Eletrobras in 1980, having taken several leadership positions, including Engineering and Planning Director of Eletrobrás starting in 2010. In 2016, he assumed the position of General Coordinator of the Transmission Department. He was a Board Director of Interligação Elétrica Madeira S.A., between 2010 and 2011, as well as President of the Board of Directors of CEA – Companhia de Eletricidade do Amapá between 2013 and 2014. He is also an independent member of the Company’s Board of Directors.

 

Colombian, born on July 30, 1956. He has a degree in electrical engineering from Universidade Nacional de Colômbia with specialization in Quality Management from the Universidad EAFIT and a Master’s Degree in Operational Research from Strathclyde University, Scotland - UK in 1987. He was manager for Corporate Strategy at ISA – Interconexión Eléctrica S.A.E.S.P., where he coordinated strategic activities in term and positioning, growth and new businesses.

He was Chief Executive Officer of the Company from 2009 to November 2013. Since November 2013, he has been Vice President -Energy Transmission and responsible for the corporate areas of Projects, Operations, Engineering and Supply for Interconexión Electrica S.A. (ISA), the Company’s controlling holding company. Currently he is also a member of the Board of Directors of the Company, Transelca S.A.E.S.P., an energy transmission company, Intercolombia S.A.E.S.P., Red de Energía del Peru S.A, Consorcio Transmantaro S.A., ISA Perú S.A., Interchile S.A., Isa Capital do Brasil S.A. and Interconexión Eléctrica Colombia-Panamá, S.A., a bi-national construction company and the operator of the electricity link between Panamá and Colombia.

 

Colombian, married, born January 24, 1981, economist and a graduate of Harvard University. She has an MBA in Finance from Columbia Business School. She worked: (i) as Vice President for Emerging Markets at JPMorgan in London from 2006 to 2009; and (ii) as an Analyst and Associate for Latin America at the same investment bank in New York between 2003 and 2006. Again, she was part of the team at Sociedades Bolívar S.A. between 2014 and 2015 and at NewFoundland Capital Management between 2012 and 2013. She also worked at the Ministry of Finance as Director-General of Public Credit and National Treasury in Bogotá between 2015 and 2017, heading up the finance departments (Investment Bank, Treasury, Operations and Investor Relations). Since 2018, currently occupies a position at Cenit Transporte e Logística de Hidrocarburos S.A.

Updated on September 18, 2018.