Board of Directors & Management

Board of Directors

Banco PAN’s board of directors is responsible for establishing the overall guidelines of its business, including its long term strategies. Moreover, it is responsible, among other obligations, for election and removal of members of the executive board, determining their attributions and supervising their activities and performance.

The PAN’s bylaws establish that its board of directors is composed of a minimum of eleven and a maximum of thirteen directors, all of whom are individuals, who may or may not reside in Brazil, elected by the shareholders’ meeting, with a joint term of office of two years, reelection being permitted. The shareholders’ meeting also has the authority to remove any member of the board of directors at any time.

As a result of the Bank’s agreement to adhere to the Level 1, the investiture of members of the board of directors is subject to the signature of the Statement of Consent from Senior Managers, through which the members of the board of directors assume personal responsibility to abide by and act in compliance with the Adherence Agreement to Level 1 and Level 1 Regulations. In addition, under the Bank’s bylaws, the members of the board of directors are required to adhere to the regulation of the market arbitration chamber established by the BM&FBOVESPA ("Adherence Agreement").

In accordance with article 141, paragraph four and items of Law 6,404, of 1976, as amended, the minority shareholders of a listed company that own at least fifteen per cent (15%) of such company’s total common voting shares, or the shareholders that own preferred non-voting or with restricted vote power shares representing at least ten per cent (10%) of the shareholder’s equity, or shareholders that own common and preferred shares that, together, represent at least ten per cent (10%) of the shareholder’s equity, are entitled to elect, in a separate election, one member of the board of directors.

- The Board of Directors’ Charter (portuguese only) is available for consultation, click here.

Name Position Date of Election End of Term
Pedro Duarte Guimarães Chairman 03.07.2019 OGM 2019
Pedro Duarte Guimarães. Mr. Guimarães holds a bachelor‘s degree in Economics from PUC-RJ with a Master‘s degree in Economics from FGV-RJ and a PhD in Economics from the University of Rochester (USA). He began his career in the financial market in 1998, having worked at Banco Santander, Bozano, Simonsen, ING Bank and BTG Pactual, where he was responsible for the Financial Institutions segment within the Investment Banking area. He served as a partner and member of the executive committee of Brasil Plural Investment Bank, where he was responsible for capital markets and corporate restructuring operations. He has held the Presidency of Caixa since November 2018.
Sérgio Cutolo Vice-President 06.29.2017 OGM 2019
Sérgio Cutolo. Mr. Cutolo holds a bachelor’s degree in Economics and a graduate degree from the University of Brasília. He was Minister of State for Social Security, Minister of the Ministry of Urban Development and President of Caixa Econômica Federal (Federal Savings Bank). He was also Board member of the Brazilian Development Bank (BNDES), Caixa Econômica Federal and Companhia Elétrica do Estado do Maranhão (CEMAR). He joined BTG Pactual in 2000 as partner and is currently responsible for the Institution’s Corporate Customers area. He is also Vice-President of Anbima.
Alexandre Camara e Silva Effective member 06.29.2017 OGM 2019
Alexandre Camara e Silva. Graduated in Electrical Engineering from Pontifíca Universidade Católica do Rio de Janeiro, he holds MBA‘s in Finance and Economics, as well as Corporate Law at Fundação Getúlio Vargas in Rio de Janeiro. He joined Banco BTG Pactual in 2003 and became a partner in 2008. He has worked as Credit Officer at Banco Prosper and was responsible for Banco BBM‘s Middle Corporate Credit. He is currently responsible for High Income Credit and Structured Finance at Banco BTG Pactual.
Eduardo Nogueira Domeque Effective member 04.28.2017 OGM 2019
Eduardo Nogueira Domeque. Graduated in Business Administration at EAESP / FGV, he joined Banco BTG Pactual in 1997, where he held several management positions, among them co Responsible for Institutional Client, Fixed Income, Currencies and Commodities, head of Institutional Clients Management and Corporate Clients Desk. He was elected Director of Banco PAN on 04/05/2011 and re-elected in 05/06/2013 , having cumulatively held the position of Director of Investors Relations From February 2014 until June 2016.
Luiza Damasio Ribeiro do Rasario Effective member 03.07.2019 OGM 2019
Luiza Damasio Ribeiro do Rasario. Mrs. Damasio holds a bachelor´s degree in Law from PUC-RJ and a Master´s degree in International Law and European Law from the Universidade Católica Portuguesa and acts as consultant to the Presidency of Caixa Econômica Federal. She served as a sitting member of the Board of Directors and Coordinator of the Audit Committee of Marcopolo S.A., alternate member of the Board of Directors and of the Audit Committee of Invepar, alternate member of the Fiscal Council of Iguatemi Empresa de Shopping Centers S.A., alternate member of the Board of Directors of Itaú S.A., sitting member of the Audit Committee of Diagnósticos da América (DASA), and Executive Manager of Corporate Holdings of the Petrobras Social Security Foundation (Petros).
Gilberto Occhi Effective member 05.28.2018 OGM 2019
Gilberto Occhi. He obtained a bachelor’s degree in Law and post-graduation in Finance and Financial Market from Vila Velha University, Espírito Santo State, Business Management from Brasília University and Foreign Trade from Brasília Catholic University. Between 1980 and 1995, he acted as Manager of Caixa Econômica Federal ("CAIXA). Between 1995 and 2004, he acted as CAIXA Market Manager in Espírito Santo State. Between 2004 and 2008, he was Regional Superintendent in Sergipe State and, between 2008 and 2011, he was Regional Superintendent in Alagoas State. Between 2011 and 2013, he acted as CAIXA National Superintendent and, between 2013 and 2014, he was Vice-President of CAIXA Government Affairs. Between March and December 2014, he was Minister of Cities. Between January 2015 and April 2016, he was Minister of National Integration.
Osvaldo Garcia Effective member 03.07.2018 OGM 2019
Osvaldo Garcia. He obtained a bachelor’s degree in Civil Engineering from Juiz de Fora Federal University. He was admitted at Múltipla Engenharia, in 1988, as engineering in several areas, especially as Technical Executive Officer. Between 2007 and 2012, he was Housing Vice-President of Brazilian Association of Public Works Contractors (APEOP). Between 2012 and 2015, he was Secretary of Environmental Sanitation under Ministry of Cities. Between 2015 and 2016, he was Secretary of Hydro Infrastructure under Ministry of National Integration. Since September 2016, he is the CEO of Caixa Participações S.A. - CAIXAPAR.
Roberto Balls Sallouti Effective member 04.28.2017 OGM 2019
Roberto Balls Sallouti. Graduated in Economics with specialization in Finance and Marketing from the University of Pennsylvania’s Wharton School. He joined Banco Pactual in 1994, becoming a partner in 1998. Among other positions, he was Head of local Market Fixed Incomes and Head of International Fixed Income and Emerging Markets. Following Pactual’s sale to UBS, he became UBS Pactual’s Head and Co-head of Emerging Market Fixed Income and Fixed Income, Foreign Exchange and Commodities for Latin America. He is currently COO and a member of the Global and Local Executive Committees of BTG Pactual.
Fábio Pinheiro Independent effective member 04.28.2017 OGM 2019
Fábio Pinheiro. Graduated in Electrical Engineering from the University of Brasilia (UNB), with an MBA from Indiana University. He joined Banco Pactual S.A. in 1992 where he was the partner responsible for commercial relations with companies in the healthcare and technology sectors between 2004 and 2009. He was also Managing Director of UBS Pactual between 2006 and 2009. He is currently Financial and Administrative Officer of Grupo Dilleto, Chairman of the Board of Directors and an Executive Officer at Sappada Participações S.A. and a member of the Board of Directors of Galvani Indústria e Comércio S.A. and Lojas Renner S.A.
Fabio Carvalho Independent effective member 06.29.2017 OGM 2019
Fabio Carvelho. Lawyer, graduated in law from the Federal University of Rio de Janeiro and Master of Law from the University of Cambridge. Founding Partner and CEO of Legion Holdings, a Brazilian private equity company, whose investment focus are companies facing financial difficulties. Currently, Legion Holdigns has assets in the segments of retail, oil and gas, maritime transport, which together have a revenue of over R$ 3 billion. He was CEO of Casa & Video, a financially struggling retailer, in which he succeeded in reversing the situation and shifted control to a financial investor. He acted as a restructuring attorney, in which he led cases of high complexity in South America, such as the restructuring of Varig and LG Philips Displays, and represented several institutional investors in disputes related to corporate recovery and bankruptcy. Previously he was part of Alvarez & Marsal, acting as Director responsible for cases of market restructuring, construction, alcohol and financial industry, including assuming the role of acting CEO in the Lehman Brothers divisions in Latin America during the bankruptcy process centered on New York. He currently serves as a member of the Board of Directors of Leader, Bravante (President), Contax (Vice President) and was a member of the Board of Directors of Casa & Video e Recuperação.
Marcelo Maziero Independent effective member 06.29.2017 OGM 2019
Marcelo Maziero. He holds a degree in Computer Engineering from the University of São Paulo (USP), a Master‘s degree in Business Administration from the University of São Paulo (USP) and a Ph.D. in finance from the University of São Paulo. He is a partner-founder of CERC (Central de Recebíveis SA - Financial Market Infrastructure), angel investor in technology companies and member of the board of directors of BMG Seguros SA and Sciere Tecnologias Educacionais SA. He was Senior Vice President at BM & FBOVESPA de 2011 to 2013, responsible for the stock exchange business, leading the product development and market, customer relationship and communication / marketing teams. He has previously worked for 11 years in the Itaú Group, in activities related to Sales & Trading (Treasury), Derivatives, Corporate Finance and Fixed Income. He was Managing Director for Derivatives and Structured Products. He was responsible for the Risk Management area at the French and Brazilian Bank (BFB). He served as a member of Cetip‘s Board of Directors for 5 years.
Marcelo Torresi Independent effective member 04.27.2018 OGM 2019

Marcelo Torresi. He obtained a bachelor’s degree in Engineering from São Paulo University (USP), with specialization in strategic management, strategic finance management, strategic human resources management, strategic operations and logistics management and strategic marketing management from FGV-SP. He was Principal at Silex Business Consulting between 1990 and 1997; Assistant Professor at São Paulo State Business School between 1993 and 1997; Assistant Professor at LARC - Laboratório de Arquitetura e Redes de Computadores between 1993 and 1997; Executive Officer at Credial Empreendimentos e Serviços Ltda. between September 1997 and February 2005; Executive Officer at Frizzo Pecúnia DTVM Ltda. between April 2005 and December 2007; Executive Officer at Banco Pecúnia S.A. between April 2005 and December 2007; General Executive Officer at Banco Pecúnia S.A. between December 2007 and May 2010; Member of Azevedo & Travassos S.A.’s Board of Directors between April 2011 and March 2012; General Executive Officer at SOCOPA - Sociedade Corretora Paulista S.A. between June 2010 and October 2012; General Executive Officer at Banco Paulista S.A. between June 2010 and October 2012; Alternate Member of Azevedo & Travassos S.A.’s Supervisory Board between April 2012 and March 2013; Associate at A5 Internet Investments between October 2012 and May 2013; Member of Socicam Administração, Projetos e Representações Ltda.’s Board of Directors between October 2012 and December 2013; General Executive Officer at Pilotage Assessoria Empresarial from April 2013 up to date; Member of Vikstar Contact Center S.A.’s Board of Directors between February 2014 and March 2015; Member of Banco PAN S.A.’s Supervisory Board between April 2014 and April 2018; Member of Bombril S.A.’s Supervisory Board between April 2015 and April 2018; General Executive Officer at Pilotage Gestão de Recursos Ltda. from July 2015 up to date; Member of Paranapanema S.A.’s Supervisory Board from April 2016 up to date; Alternate Member of Terra Santa Agro S.A.’s Supervisory Board from April 2017 up to date and Member of Banco PAN S.A.’s Board of Directors from July 2018 up to date. In addition, he acted as Advisory Member at the Brazilian Association of Credit, Financing and Investment Institutions (ACREFI) between 2008 and 2010; Representative of SPB’s Implementation Management Committee before the Central Bank of Brazil through the Brazilian Bank Association (ABBC) between 2001 and 2002; Technology Commission Coordinator at ACREFI between 2000 and 2001.

Marcos Antonio Macedo Cintra Independent effective member 12.10.2018 OGM 2019

Marcos Antonio Macedo Cintra. He obtained a bachelor’s degree in Economy from DEPE/Institute of Philosophy and Human Sciences of University of Campinas (Unicamp), master’s degree in Economy from Unicamp Institute of Economy and doctorate degree in Economy from Unicamp Institute of Economy. He attended to the Executive Training Program of the Brazilian Analysis and Planning Center (Cebrap) and Social Management course directed to the Executive Officers of the Inter-American Institute for Social Development of Banco Interamericano de Desenvolvimento de Washington, D.C. between March 17 and April 11, 2003. At the Unicamp Institute of Economy, in the city of Campinas, between June 2004 and June 2009, he was Professor of International Economy. He was invited as Professor of Centre d’Economie de l’université de Paris Nord - France, during February 2009; he was Economy Editor of "Folha de S. Paulo" newspaper between February 28, 2002 and June 26, 2009; and is a Member of the Editorial Board of "Novos Estudos" magazine (Cebrap), in the city of São Paulo, since 2004, and "Economia e Sociedade" magazine, of Unicamp Institute of Economy, in the city of Campinas, since November 2005. He is the Planning and Research Technician of the Brazilian Institute for Applied Economic Research (Ipea) since June 17, 2009. He acted as General Coordinator of Researches on International Economic and Political Relations of the Department of Studies on International Economic and Political Relations (Ipea) between August 2009 and May 2012.

Management

Banco PAN’s officers are the legal representatives, responsible for the Bank’s day-to-day management and for implementing the policies and general guidelines set by the board of directors.

Name Title Date of Election End of Term
Luiz Francisco Monteiro de Barros Chief Executive Officer (CEO) 12.02.2017 till OGM 2019
Luiz Francisco Monteiro de Barros. Mr. Barros Neto holds an undergraduate degree in Law from the University Center of the Federal District and a graduate degree in Marketing from the Getúlio Vargas Foundation. He began his career at Caixa Econômica Federal, where he held several executive positions, such as National Supervisor, Financial Services Officer and Vice President of Network and Distribution. In addition to the positions held at Caixa, he was Network and Distribution Officer at Banco Nossa Caixa S.A., Chief Commercial Officer at Sul América Capitalização S.A., Chief Operating Officer at Banco de Brasília S.A., Commercial Supervisor at Matone Promotora de Vendas, Commercial Supervisor at Tricard Administradora de Cartões S.A. and Executive Commercial Supervisor at Cetelem (a company belonging to Grupo BNP Paribas). He was Advisor to the Executive Secretary of the Ministry of Finance and is currently Undersecretary of Governance for State-Owned Companies of the Executive Secretariat. He was also a member of the Board of Directors of Nossa Caixa Cartões de Crédito S.A., member of the Advisory Board of SEBRAE Nacional, member of the Board of Executive Officers of the Brazilian Federation of Banks (FEBRABAN) and Chairman of the Board of Directors of Empresa de Tecnologia e Informações da Previdência Social (DATAPREV). He is currently a member of the Boards of Directors of Caixa Capitalização S.A. and Caixa Seguridade Participações S.A.
Alex Sander Moreira Gonçalves Officer 05.02.2012 BDM after OGM 2019
Alex Sander Moreira Gonçalves. Mr. Gonçalves holds a degree in Business Administration from the University of Brasilia and a graduate degree in Finances from USP-Fipecafi. He joined BV Financeira C.F.I. in 2009, where he remained for four years and held the positions of Business supervisor and Payroll and Channels Director. Prior to that, he was Executive of Payroll and Business with the Government and Commercial and Product Officer at Banco Bradesco Financiamentos/BMC.
Carlos Eduardo Guimarães Investor Relations Officer (IRO) 05.02.2016 BDM after OGM 2019
Carlos Eduardo Guimarães. Mr. Guimarães holds a degree in Economics from the Catholic Pontifical University of Rio de Janeiro (PUC/RJ). He worked at Grupo BBM from 1992 to 2011. He was financial analyst between 1994 and 1996. In 1996 he was designated Retail Product Manager (Creditec), remaining in that position until 1998. In 1998 he became Head of the Commercial Department, being responsible for the São Paulo State and the South Region and, in 2002, he became Statutory Officer responsible for the commercial area, remaining in that position until June 2011. He was elected Executive Officer of Banco Pan on August 8, 2011 and Investor Relations Officer on May 2, 2016.
José Luiz Trevisan Controller and Compliance Officer 05.02.2016 BDM after OGM 2019
José Luiz Trevisan. Mr. Trevisan holds a degree in Economics from Faculdade de Plácido e Silva, a graduate degree in Finances and Business Administration from FAE Centro Universitário and an MBA in Controllership from the University of São Paulo. He joined Caixa Econômica Federal in 1981, where he held several managerial positions, among which National Supervisor of the Development and Corporate Strategy Department and Risk Officer.
Carlos Eduardo da Silva Monteiro Officer 01.09.2018 BDM after OGM 2019
Carlos Eduardo da Silva Monteiro. Mr. Monteiro holds a bachelor’s degree in Law from the Federal University of Rio de Janeiro and a Master’s degree in Comparative Jurisprudence from the New York University School of Law. He was Executive Officer at Empresa Gestora de Ativos (Emgea), Board member of BSM - BM&FBOVESPA and arbitrator of Bovespa’s Market Arbitration Chamber, since its inception. He was Legal Vice President at Banco Safra S.A. and at other financial institutions of the group. He was also Legal and Logistics Officer and CEO of Banco Nossa Caixa. He was Attorney and Attorney General of the Brazilian Central Bank, Assistant Attorney General and Chief of Staff of the Attorney General of the Federal Revenue Office. He was also a member of the Self-regulation Board of FEBRABAN; Oversight Board of Banco IBI S.A. - Banco Múltiplo; Boards of Directors of SEBRAE (SP), Nossa Caixa Mapfre Seguros e Previdência S.A., Companhia de Seguros do Estado de São Paulo (COSESP), Nossa Caixa Capitalização S.A., Banco do Estado de São Paulo S.A. (BANESPA), BNDES Participações S.A. (BNDESPar); and alternate member of the Board of Directors of the Credit Guarantee Fund (FGC).
André Luiz Calabró Officer 01.09.2018 BDM after OGM 2019
André Luiz Calabró. Mr. Calabró holds an undergraduate degree in System Analysis, a graduate degree in Accounting and Financial Administration and an MBA in Risk Management from the Getúlio Vargas Foundation. He was Credit Risk Executive Manager and Credit Recovery Supervisor at Grupo Santander, where he was responsible for the entire credit portfolio cycle, from the definition of concession policies and models to the management and recovery of overdue loans. Further, he was Executive Officer responsible for the establishment of credit strategies and management of portfolios at Recovery do Brasil, and member of the Company’s Board of Directors.

*Pending ratification by the Brazilian Central Bank


Last Update on March 21, 2019

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