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Marcelo holds a degree in Business Administration from the Federal University of Bahia – UFBA, and an MBA in Business Management from Darden Graduate School of Business Administration at the University of Virginia – USA. He began his career as an auditor at Arthur Andersen and later exercised corporate activities and consulting in the strategy area. In 2000, he moved to the United States of America, where he worked in the areas of strategic consulting and development and evaluation of projects and new businesses at International Business Machines Corporation – IBM, a North American company whose main activity is the production of IT solutions, in Cambridge, Massachusetts. He has held the position of Chief Executive Officer of the Company since April 2008.

Mr. Marcelo Campos Magalhães declared for all legal purposes that, in the last 5 years, he was not subject to the effects of any criminal conviction, any conviction or application of penalty in administrative proceedings before CVM (Securities and Exchange Commission) or any final and unappealable conviction, in the judicial or administrative scope, which would have the effect of suspending or disqualifying him from practicing any professional or commercial activity. Additionally, Mr. Marcelo Campos Magalhaes declares that he is not considered a Politically Exposed Person under the terms of applicable regulations.