Executive Officers and Board of Directors

Management

Helbor’s Board of Directors is composed of a minimum of three and a maximum of 11 members, shareholders or not, resident in the country, elected by the Board of Directors for a two-year term of office, and they may be re-elected, and they must remain in their positions until the election and inauguration of their successors.

The Executive Board is responsible for the management of the business in general and for the practice of all acts necessary or convenient for such purpose, except those for which the General Meeting or the Board of Directors is empowered by law or by the Company’s Bylaws.

The Executive Board shall meet ordinarily at least once a month and, extraordinarily, whenever the corporate business so requires. The meetings shall be convened by the Officers and shall only be installed with the presence of the majority of its members. The decisions of the Executive Officers shall be taken by a majority vote of those present at the meeting or who have manifested their vote in the form of Bylaws, observing the cases of vacancy or temporary absence, under the terms of the Bylaws, and the Chief Executive Officer shall have the casting vote.

Helbor’s officers have individual responsibilities established by the Board of Directors and bylaws.

The following table presents the names, dates of election, the term of office and positions of the executive officers:

Name Elective Position Occupied Election Date End of Mandate
Henry Borenstein Chief Executive Officer 05.09.2017 2021

Henry Borenstein. Mr. Boreinstein is the chairman of Helbor´s board of directors. He has a degree in business administration from Centro Universitário das Faculdades Metropolitanas Unidas (UniFMU). He holds specialization degrees in finance and real estate law. He has been an executive officer of Helbor since 1995, responsible for planning, new opportunities and financial feasibility of real estate projects to be developed by Helbor. The business address of Mr. Borenstein is Avenida Voluntário Fernando Pinheiro, No. 515, Centro, Mogi das Cruzes, State of São Paulo.

Henrique Borenstein Deputy Chief Executive Officer 05.09.2017 2021

Henrique Borenstein. Mr. Boreinstein is the vice-chairman of Helbor’s board of directors. He has a degree in economics from Universidade Mackenzie. He was shareholder and executive officer of Banco de Crédito Nacional — BCN, of Banco de Investimentos BCN and executive officer of Financiadora BCN for 31 years. For half of this period he was an executive officer of Banco de Investimentos BCN Barclays. He is the founder and an executive officer of Helio Borenstein S.A. – Administração, Participações e Comércio and founder and chief executive officer of Helbor since 1977. He has co-founded and managed companies and entities related to commerce activities and economic development, such as Cotac-Comercio de Tratores, Automóveis e Caminhões S.A., Chevrolet car dealer in Mogi das Cruzes, SP and Finacional Distribuidora de Títulos e Valores Mobiliários S.A. The business address of Mr. Borenstein is Avenida Voluntário Fernando Pinheiro, No. 515, Centro, Mogi das Cruzes, State of São Paulo.

Nelson Duarte Administrative Executive officer 05.09.2017 2021

Nelson Duarte. Mr. Duarte is our administrative executive officer. He has a degree in economics from Universidade Braz Cubas. He has been a real estate broker and co-founder and executive officer of Helbor since 1977. He is responsible for its administrative area and for the process of registration and changes in its real estate developments before the Real Estate Notary.

Roberval Lanera Toffoli Financial Executive Officer and IR Officer 05.09.2017 2021

Roberval Lanera Toffoli. Mr. Toffoli is Helbor’s chief financial officer. Also, he is attending as Investor Relations Officer. He has a degree in business administration from Universidade Sao Judas Tadeu. He holds a specialization degree in finance. He has been working at Helbor since 1999. Before working for Helbor, he worked at Cotia Trading S.A. for 14 years, as the executive officer responsible for the branch in Buenos Aires, Argentina.

Fabiana Parsloe Lex Marketing Executive Officer 14.05.2019 2021

Fabiana Parsloe Lex. Ms. Parsloe is Helbor’s marketing executive officer. She has a degree in architecture from Universidade Paulista – Unip. She holds a master degree in business administration, with a focus in architecture and construction work. She has been responsible for its marketing and publicity since 2003. Before coming to Helbor, she worked as an architect in the city of Santana do Parnaíba, in the state of São Paulo for three years and also has two years of experience working at other real estate companies.

Carlos Eduardo Kehdi Technical Executive Officer 05.09.2017 2021

Carlos Eduardo Kehdi. Mr. Kehdi is Technical Executive Officer. He holds a degree in Civil Engineering from Escola Politécnica de São Paulo. From 1990 to 2003, he worked at Kallas Engenharia. From 2003 to 2009, he worked as a technical manager at Vivenda Nobre. Since the beginning of 2009, Mr. Kehdi is responsible for Helbor’s Technical Director.

Marcelo Lima Bonanata Sales Executive Officer 05.09.2017 2021

Marcelo Lima Bonanata. Mr. Bonanata is its sales executive officer. He is a real estate broker, and became its sales supervisor in 2003. He is currently responsible for the relationship between real estate companies hired by Helbor and its own sales force. He has held several key positions in real estate consulting companies, offering consulting services on the launch of real estate developments and the management of the real estate brokers’ partners.

Denervaldo Aparecido Setin New Business Development Officer 05.09.2017 2021

Denervaldo Aparecido Setin. Mr. Setin is New Business Development Officer. He has a degree in Business Administration from Faculdades Integradas de Guarulhos. From 1976 to 1995, he worked at Grupo Microlite (Telecommunication Sector) and he was the operational manager of the company. From 1995 to 1996, he worked as operational manager at Alphagraphics. From October 1996 to November 2008, he was the New Business Development / Incorporation Officer at Setin – Klabin Segall. Since the end of 2008, Mr. Setin is attending for Helbor’s New Business Development Officer.

Acyr de Oliveira Pereira Controlling and Accounting Director 08.29.2020 2021

Director of Controllership, graduated in Accounting Sciences, with a qualification in independent auditing (CNAI) by CVM, with over 27 years of experience in auditing. He has worked as an auditing partner in the following companies: Terco Grant Thornton, Ernst Young Terco (EY) and Ecovis Pemom, and is technically responsible for the auditing of public companies in the real estate sector, such as Helbor, Ez Tec and Cyrela.

José Renato de Lima Gasparini Legal Director 08.03.2020 2021

José Renato de Lima Gasparini. Legal Director, with more than 23 years of experience in the Real Estate Development area. Graduated in Law from Instituto Metodista Bennett, with specialization in management of companies and real estate structuring, José Renato has also worked in real estate advisory and consulting, civil and contractual, and others.

Mariana Pilotto Sá Tolentino Human Resources Director 29.08.2020 2021

Human Resources Director, with over 18 years of experience in HR, graduated in Psychology and Coach, with an MBA in Business Management from UFRJ. She has worked in different companies, such as Oi Telecomunicações, IG Internet portal, SBT, and Editora Globo Conde Nast.

Board of Directors

 

The Board of Directors is the collegiate decision-making body responsible for establishing Helbor’s general business policies and guidelines, including long-term strategy, control, and performance monitoring. It is also responsible, among other duties, for supervising the management of the Company’s officers. According to the Brazilian Corporate Law, each director must hold at least one share issued by the Company.

Helbor’s Bylaws established a minimum of five and a maximum of nine directors, one of whom will be the Chairman and the other the Vice Chairman, all shareholders. The directors are elected at an Ordinary General Meeting for a unified term of two years and may be re-elected and removed from office at any time, and must remain in office until their successors take office. All new members of the Board of Directors must sign a Statement of Consent from the Directors, subject to their signing this document. According to the Novo Mercado Regulations, at least 20% of the directors must be Independent Directors. For more information on Independent Directors, see the Corporate Governance – Overview section.

The Board of Directors meets whenever called upon by its Chairman, its Vice-Chairman or by the majority of its members, or at the request of the Executive Board, when the corporate interests so require, preferably at Helbor’s headquarters. The meetings of the Board of Directors will be installed, in a first call, with the presence of at least three members in office or with a simple majority of the members in office, whichever is greater, and, in a second call, with a simple majority of the members in office. Any resolution shall be passed with the favorable vote of the majority of the members in office, observing the cases of temporary absences and vacancies, under the terms of the Bylaws, and the Chairman of our Board of Directors shall have the casting vote.

The General Shareholders’ Meeting shall determine, by majority vote, and blank votes shall not be counted before its election, the number of members of our Board of Directors to be filled in each fiscal year, observing a minimum of five members. The Brazilian Corporation Law, combined with CVM Instruction No. 282 of June 26, 1998, allows the adoption of the multiple vote process, upon request by shareholders representing at least 5% of the voting capital stock.

The following table presents the names and positions of the members of the Board of Directors:

Name Elective Position Occupied Election Date End of Mandate
Henrique Borenstein Chairman 04.28.2017 ASM of 2019

Henrique Borenstein. Mr. Boreinstein is the chairman of Helbor’s board of directors. He has a degree in economics from Universidade Mackenzie. He was shareholder and executive officer of Banco de Crédito Nacional — BCN, of Banco de Investimentos BCN and executive officer of Financiadora BCN for 31 years. For half of this period he was an executive officer of Banco de Investimentos BCN Barclays. He is the founder and an executive officer of Helio Borenstein S.A. – Administração, Participações e Comércio and founder and chief executive officer of Helbor since 1977. He has co-founded and managed companies and entities related to commerce activities and economic development, such as Cotac-Comercio de Tratores, Automóveis e Caminhões S.A., Chevrolet car dealer in Mogi das Cruzes, SP and Finacional Distribuidora de Títulos e Valores Mobiliários S.A. The business address of Mr. Borenstein is Avenida Voluntário Fernando Pinheiro, No. 515, Centro, Mogi das Cruzes, State of São Paulo.

Henry Borenstein Vice Chairman 04.28.2017 ASM of 2019

Henry Borenstein. Mr. Boreinstein is the vice-chairman of Helbor’s board of directors. He has a degree in business administration from Centro Universitário das Faculdades Metropolitanas Unidas (UniFMU). He holds specialization degrees in finance and real estate law. He has been an executive officer of Helbor since 1995, responsible for planning, new opportunities and financial feasibility of real estate projects to be developed by Helbor. The business address of Mr. Borenstein is Avenida Voluntário Fernando Pinheiro, No. 515, Centro, Mogi das Cruzes, State of São Paulo.

Moacir Teixeira da Silva Member 04.28.2017 ASM of 2019

Moacir Teixeira da Silva. Mr. Silva is a member of the board of directors. He has a background in the banking industry. He has held several administrative positions, becoming operating executive officer of the former Banco Noroeste in 1972. He was regional executive officer and later chief executive officer of Banco BCN up to 2004. Currently, he manages MGM Factoring Comercial Ltda., a company owned by his family. The business address of Mr. Silva is Rua João Cardoso de Siqueira Primo, No. 65, suite 22, Vila Hélio, Mogi das Cruzes, State of São Paulo.

Francisco Andrade Conde Member 04.28.2017 ASM of 2019

Francisco Andrade Conde. Mr. Conde is a member of the board of directors. He has a degree in business administration from Fundação Getúlio Vargas – FGV. He participated on an international commerce seminar at UCLA in 1976. He had worked from 1976 to 1995 at BCN, becoming deputy chief executive officer and then chief executive officer of the bank. Currently, he is the director responsible for mergers and acquisition at Cotia Trading S.A. The business address of Mr. Conde is Rua Padre Carvalho, No. 129, house 7, Pinheiros, São Paulo, State of São Paulo.

Décio Tenerello Member 04.28.2017 ASM of 2019

Décio Tenerello. Mr. Tenerello is a member of the board of directors. He had worked at Banco Bradesco S.A. from June 1961 to February 2006. He held key positions in the bank, elected as departments executive officer in 1982, executive officer in 1984 and deputy chief executive officer in 1988, a position that he held up to February 2006. He was chief executive officer of Banco Credireal S.A. and Banco Baneb S.A. He currently holds the following positions: chief executive officer of ABECIP – Associação Brasileira das Entidades de Crédito Imobiliário e Poupança; executive officer of Confederação Nacional das Instituições Financeiras – CNF; director of CIBRASEC – Cia. Brasileira de Securitização; consulting director of FIABCI – Federação Internacional das Profissões Imobiliárias; member of the operating committee of COMCIC – FIESP; member of the committee of União Nacional da Construção – UNC; executive officer of Confederação Nacional do Sistema Financeiro – CONSIF; and director of FNHIS – Fundo Nacional de Habitação de Interesse Social. The business address of Mr. Tenerello is at Av. Brigadeiro Faria Lima, No. 1,485, 13th floor, São Paulo, State of São Paulo.

Milton Almicar Silva Vargas Independent Member 04.28.2017 ASM of 2019

Milton Almicar Silva Vargas. Mr. Vargas is an independent member of the board of directors. He is graduated in Business Administration from UNIFIEO. Currently holds the position of member of the board of directors of Cielo, Fleury, Monteiro Aranha, Portugal Telecom and Banco Espírito Santo. It was a career employee of Banco Bradesco SA from 1976 to 2009, where he held various positions in his career bank, coming to Executive Vice President and Investor Relations Officer. Also participated in the management of other companies of Bradesco Group and Bradesco Foundation as well. Over the past five years he has served as board member of some institutions, such as IBRI (Brazilian Institute of Investor Relations), FGC (Credit Guarantee Fund), ABRASCA (Brazilian Association of Listed Companies) and FEBRABAN.

Paulo Libergott Independent Member 04.28.2017 ASM of 2019

Paulo Libergott. Mr. Libergott in an independent member of the board of directors. He is graduated in Production Engineering from UFRJ, with a master degree from the same institution. Currently holds the positions of Head of Institutional Fundraising of BNDES and BNDES Titular Representative on Advisory Board of the FAT-CODEFAT. Joined as an intern of BNDES and occupied various levels within the institution. Was engineer of the Department of Mining and Metallurgy and responsible engineer for project tracking and analysis of companies in the energy sector. Was Project Manager of the social area and of the Department of Metallurgy and Mining of BNDES, as Manager and Head of Privatization Department. More recently, he served as an engineer in the Department of Oil and Gas and the financial area.