Board of Directors and Board of Executive Officers

Pursuant to our Bylaws and the Brazilian Corporation Law, our Management is composed of a Board of Directors and a Board of Executive Officers. We also have permanent advisory bodies to assist our board of directors: audit committee, strategic committee, and a human resources committee. Our Bylaws also provide for a non-permanent Fiscal Council to be set up if requested by our shareholders. We are also subject to additional requirements in accordance with Novo Mercado Regulations.

Board of Directors

Each member of our Board of Directors is listed below alongside a brief bio.

Name Office
Matthieu Malige Chairman of the Board of Directors

Mr. Matthieu Dominique Marie Malige has been the chairman of the Board of Directors and the Statutory Audit Committee coordinator since December 2017. Mr. Malige began his career in Paris at Lazard Frères, where he acted as an assistant financial officer. From 2003 to 2011, he held various positions at Carrefour: development and strategy officer, chief financial officer — Belgium, and chief financial officer — France. In August 2011, Matthieu Dominique Marie Malige was elected CEO of Fnac Group, and in 2017, the managing financial officer of Grupo Carrefour. Mr. Malige holds a degree from HEC and the Ecole des Travaux Publics, and a master’s degree in science from UCLA.

Edouard Balthazard Vice Chairman of the Board of Directors

Mr. Edouard Balthazard Bertrand de Chavagnac has served as Grupo Carrefour Brasil’s general legal officer since July 2018. In 2004, Mr. Balthazard served as an advisor to Vivendi Group regarding its international M&A transactions, international litigation, and bidding issues. In 2008, he served as an attorney at White & Case LLP in its Paris and New York offices. From 2012 to 2016, he served as a general corporate legal officer at Grupo Canal+, a pay-TV broadcaster. In 2016, he was elected general legal officer of the Engie Group. Mr. Chavagnac holds a post-graduate degree in Law from Paris II Pantheon Assas University and a degree in Business Administration and Law from the ESCP Europe Management Business School.

Noël Prioux Board member

Mr. Noël Prioux joined Carrefour Group in 1984. From 1984 to 1996 he held several positions in the group’s hypermarkets business in France. In 1996, he became the chief financial officer of Carrefour S.A. in France. Beginning in 1998, he served as the executive officer at Carrefour S.A. and certain subsidiaries of the group, including Turkey (1998-2001), Carrefour France hypermarkets (2001- 2003), Colombia (2004-2006), South Asia (2006-2008), and Spain (2008-2011). In 2011, he was elected executive officer of Carrefour S.A. in France. In February 2018, Mr. Prioux became chief executive officer of Grupo Carrefour Brasil.

Abilio dos Santos Diniz Board member

Mr. Abilio dos Santos Diniz has been a member of the Board of Directors since December 2014. Along with his father, Mr. Diniz was responsible for the creation and development of Grupo Pão de Açúcar, whose Board of Directors he chaired until September 2013. From 1979 to 1989, Mr. Diniz was a member of the Brazilian National Monetary Council. Currently, Mr. Diniz is the chief executive officer of Península Participações, a family-based investment firm. Since 2010, Mr. Diniz has taught a Leadership 360o course in partnership with FGV (Getúlio Vargas Foundation) to develop young leaders. He holds a degree in business administration from Getúlio Vargas Foundation (FGV).

Eduardo Pongrácz Rossi Board member

Mr. Eduardo Pongrácz Rossi has been a member of the Board of Directors since December 2014. He is also a member of the Statutory Audit Committee, Human Resources Committee, and Strategy Committee. Since 2010, he has been a partner of Península Participações, acting as CEO and CIO. Mr. Rossi has 22 years of experience in the financial market, including serving as vice president of J.P. Morgan and Salomon Smith Barney in New York. He has also been a member of two NGOs: Criança Segura, since 2005, and Península Institute, since 2010. Mr. Rossi holds a degree in business administration, with a double major in finance and marketing from Getúlio Vargas Foundation (FGV), where he was elected student representative to the school’s board of directors. He also received, with honors, a master’s degree in business administration from Columbia University in New York.

Luiz Fernando Vendramini Fleury Independent board member

Mr. Luiz Fernando Vendramini Fleury has been an independent member of the Board of Directors since June 2017 and a member of the Statutory Audit Committee. He has solid experience in the financial market and has worked in investment and commercial banks, such as Banco Marka, Citibank, and Itaú. He was the CEO of Credicard Group, promoting the network internalization process, and raising the number of members to over 600,000. Most recently, while managing Banco IBI, the company recorded a substantial increase in net income and equity. He was also the CEO of CETIP, where he oversaw the general performance policies and guidelines in accordance with the objectives outlined by the Board of Directors. Mr. Fleury holds a degree in Business Administration from Getúlio Vargas Foundation– SP, with specialization in financial management from New York University and a postgraduate degree in finance management from FGV- SP. Mr. Fleury has also completed a range of management, finance, and capital market courses around the world at institutions such as Northwestern University, Harvard Business School, Michigan Business School, London Business School, and Oxford University.

Marcelo Pavão Lacerda Independent Board member

Mr. Marcelo Pavão Lacerda has been a member of the Board of Directors since June 2017 and is currently a member of the Human Resources and Strategy committees. Marcelo Lacerda co-founded Nutec Informatica in 1986, which became ZAZ, and in 1999, was rebranded as Terra. This company became Latin America’s largest Internet service provider in 2001, with operations in 19 countries. At Terra, Marcelo held several executive positions in Brazil, Spain, and the United States. Marcelo is also the co-founder of the digital advertising agency F.biz, which was acquired by WPP in 2011. Mr. Lacerda is also the founder and vice chief executive officer of Blue Interactive, a cable TV company with 160,000 subscribers and operations in 23 cities. He is also founder and chairman of the board of directors of Magnopus, a computer graphics company based in Los Angeles, CA. Mr. Lacerta holds degrees in electrical engineering and computer science from the Federal University of Rio Grande do Sul.

Claire Marie Du Payrat Board member

Claire Marie Du Payrat has been a member of our Statutory Audit Committee since July 25, 2018, serving as an accounting specialist and a member of the Board of Directors since September 26, 2019. Claire Payrat has graduated from HEC and the Savencia Group. She was an internal auditor from 1991 to 1993 and was responsible for the business units in France and the United States, Brazil, Argentina, Spain, England and Belgium. In 1997, she started at Nestle France, being controllership manager (1997-1999), Financial Head (1999-2005) and project manager (2005-2006). In 2006, she started at Sagem Mobiles (Safran Group) as Head of Management Control. She joined Veolia in 2008, working in the “Waste Business” area with controlling and financial management. In 2013, she became Managing Director of the Veolia Group. In May 2018, she joined Carrefour France as Head of Financial Control. In the past five years, there have been no criminal convictions, no convictions in CVM administrative proceedings, and no final convictions that have suspended or disqualified the practice of professional or commercial activity in the face of Mrs. Claire Du Payrat.

Marc-Olivier Pierre Jean François Rochu Board member

Mr. Marc-Olivier Pierre Jean François Rochu is graduate by the École Supérieure de Commerce de Paris (ESCP). He started his career in 2000 in the investment banking/corporate finance division of Citigroup in London. In 2005, he joined the Corporate Finance/ ergers & Aquisitions team at Lehman Brothers in London, with focus on telecom and media sectors. From 2007 to 2012, he worked at Deutsche Bank in London, especially with Mergers & Aquisitions Leveraged Buyouts, restructuring operations, IPOs and other market transactions in a wide range of sectors. In December 2012, he joined Carrefour’s Corporate Development and Mergers & Aquisitions team, having made several acquisitions (especially in Brazil), divestments and equity offers. Since March 1, 2020, he has been responsible for the global mergers and acquisitions team based in France and Brazil, acting as co-head of the group’s Mergers & Aquisitions.

Jérôme Alexis Louis Nanty Board member

Jérôme Alexis Louis Nanty has been a member of the Board of Directors, Chairman of the Strategy Committee and member of the Company’s Human Resources Committee since September 26, 2019. Graduated from the Institut d’études politiques of Paris, holds a master’s degree in Public Law. He began his career in 1986 at Société Générale. In 1989, he joined Crédit Lyonnais’s Financial Markets Department as a Public Debt Operator and was subsequently appointed Head of Securities Issuers. In 1998, he joined the Department of Human Resources as Head of Employment Policy and Labor Relations. He was Director of Labor Relations at the Crédit Lyonnais Group from 2001 to 2004 and held the same position in parallel at the Credit Agricole Group since 2003, being responsible for the social aspects of the merger between the Crédit Lyonnais Group and Crédit Agricole. He was appointed Director of Human Resources at LCL in 2005 and later at the Caisse des Dépôts Group in 2007. During 2013-2016, he was Secretary General of the Transdev Group and also Chairman of the Supervisory Board of SNCM. In July 2016, he joined the Air France KLM Group as Deputy General Manager in charge of the Secretary General of Human Resources and the transformation management of the Group. He joined Carrefour Group in October 2017 as Executive Director of Human Resources of the Group and France. Since July 1, 2019, he has also been responsible for the real estate aspects of Group properties.

Board of Executive Officers

Below is a brief description of each member of our Board of Executive Officers:

Name Office
Noël Prioux CEO – Grupo Carrefour Brasil

Mr. Noël Prioux joined Group Carrefour in 1984. From 1984 to 1996, he held several positions within the group’s hypermarkets business in France, and he became the chief financial officer of Carrefour S.A. France in 1996. Since 1998, he has served as executive officer of Carrefour S.A. and certain subsidiaries of the group, including Turkey (1998-2001), Carrefour France hypermarkets (2001- 2003), Colombia (2004-2006), South Asia (2006-2008) and Spain (2008-2011). In 2011, he was elected executive officer of Carrefour S.A. in France. In February 2018, he became chief executive officer of Grupo Carrefour Brasil.

Sébastien Durchon Chief Financial and Investor Relations Officer – Grupo Carrefour Brasil

Mr. Sébastien Durchon has been a member of the Board of Executive Officers since April 2015. He began his career in 1999 at the audit firm Mazars et Guerard, where he worked for six years, first as an auditor and then as a consultant. In 2004, he obtained his DEC (Diplôme d’expertise comptable), the French equivalent of the U.S. Public Accountant Certification. In 2005, Mr. Durchon founded Consomind, a consulting firm specializing in consolidation processes and systems, accounting standards, and other accounting topics. From October 2008 to April 2011, he served at Fives, an industrial engineering group with 1.5 billion Euros in sales, which was under a leveraged buyout (LBO) at that time. At Fives, he was the consolidation and accounting officer and successfully headed several projects in the financial area, such as the conversion of financial reporting from French GAAP to IFRS and the implementation of a new system to produce the consolidated accounts of Grupo Carrefour. Mr. Durchon was also in charge of several issues relating to the LBO structure (contracts, internal dividends policy, and legal and tax issues) and contributed to acquisitions made by Fives. In June 2011, Mr. Durchon joined Carrefour Group France as a consolidation officer and in October 2013, he became deputy officer of Carrefour Group Financial Control (France). In April 2015, he became the chief financial officer of Grupo Carrefour Brasil. Mr. Durchon holds a degree from École des Hautes Etudes Commerciales – Paris (France’s top administration school).

José Roberto Meister Müssnich CEO – Atacadão

Mr. José Roberto Meister Müssnich has been a member of the Board of Executive Officers since November 2014. During his career, Mr. José Roberto Meister Müssnich held managerial and advisory positions in various Brazilian and international groups and companies, and developed his academic career as a professor at PUC/Rio Grande do Sul, ULBRA, UCUDAL/Uruguay, among other universities for more than 20 years. Mr. Müssnich joined Grupo Carrefour Brasil in 2007 when Atacadão was acquired by Carrefour Group. Since then, he has effectively overseen the internationalization of the Atacadão brand, with expansion into countries such as Argentina, Colombia, and Morocco (between 2012 and 2013). He holds an undergraduate and master’s degree in business administration from Pontifical Catholic University of Rio Grande do Sul (PUCRS), with specializations in marketing, business administration, and public administration from Federal University of Rio Grande do Sul (UFRGS).

Marco Aparecido de Oliveira Chief Operations Officer – Atacadão

Mr. Marco Aparecido de Oliveira has been a member of the Board of Executive Officers since November 2014. He began his career at Carrefour in 1996 as an analyst, then became a department leader, department manager, pricing Officer, and chief financial officer. In December 2014, he was elected chief financial officer of Atacadão, and on May 9, 2019, he was elected chief operations officer – Atacadão. Mr. Oliveira holds a master’s degree from Insper (among Brazil’s top business schools).

João Senise Chief People Management Officer

Mr. João Senise has been the Chief People Management Officer since January 2019. With over 25 years of experience as a human resources executive (RH) at major companies such as Unilever, PepsiCo, Diageo, and most recently, Pátria Investments. Mr. Senise holds a degree in engineering from Mauá Engineering School with a specialization from FGV/CEAG.

Yen Wang CEO Carrefour Property

Mr. Wang has been the executive officer of Strategy, Indirect Procurement, and SET since August 2014, and has been the Executive Officer of Carrefour Property since 2017. Before joining Carrefour, he acted as a management advisor over the course of 15 years at McKinsey & Company, A.T. Kearney, and Arthur D. Little, serving clients in Latin America, Europe, Asia, and the Middle East. He also held executive positions at Oi and Ericsson Telecomunicações in Brazil. Mr. Wang holds a degree in computer science from the University of São Paulo, with a postgraduate degree in marketing from Getúlio Vargas Foundation and an MBA in finance from the Wharton School of the University of Pennsylvania.

Carlos Mauad CEO of Banco Carrefour

Desde quando no Carrefour ?? With his solid background in financial products structuring and customer acquisition, Mr. Mauad served as commercial officer at Smiles S.A. and Citibank. He also worked in marketing, analytics, data modeling, CRM, pricing, UX, and digital transformation.

Stephane Engelhard Chief Institutional Relations Officer

Having joined Carrefour in September 2012 as [INSERT JOB TITLE], Mr. Engelhard has been the institutional relations and sustainable development officer since 2014. Prior to joining Carrefour, he worked at Deloitte and held executive positions at Accor Brasil, Accor Latin America, and Accor Central Europe. He holds a degree in business administration from Maine University in France, with specializations from the University of Paris Dauphine, Dom Cabral Foundation, and the Paris School of Business.

Luis Moreno CEO of Carrefour Retail

Mr. Luis Moreno joined Carrefour in August 2019. With over 25 years of professional experience, he has held executive positions in eight countries across three continents, including Carrefour Spain and Carrefour South Korea, Walmart, Casino Group, and Grupo Pão de Açúcar. As CEO of Carrefour Retail, he has already advanced the Company’s strategies for new markets, commercialization, store operations, real estate, food e-commerce, digital transformation, and format development.