Management, Boards, Committees and Comissions

Board of Officers

Our governance structure works in synergy to achieve the economic, financial, social and environmental results of the business, with a view to ensuring the creation of sustainable value in the short, medium and long term. The Statutory Executive Board is elected by the Board of Directors and is responsible for proposing and implementing the company’s strategic plan and budget. It has four members, all elected for unified two-year terms, with re-election permitted.

Fabio Rogério Zanfelice Chief Executive Officer (CEO) See more
Mario Bertoncini Vice President of Clients and Commercialization See more
Mateus Ferreira Vice President of Finance and Investor Relations See more
Carlos Curci Neto Executive Officer - Legal and Corporate Governance See more
Priscila Rochinha Lino Executive Officer - Regulatory & Strategic Planning See more
Rômulo Marçal Executive Officer - Corporte Affairs See more
João Guillaumon Executive Officer - Strategy, Innovation and Value Realization See more
Cristiane Schaefer Executive Manager of Risk, Controls and Compliance See more
Joaquim Spinola Director of New Business and M&A See more

Fabio Rogério Zanfelice

Chief Executive Officer (CEO)

Statutory Director elected on March 25, 2022

Holds a degree in Electrical Engineering from the State University of São Paulo (UNESP), a master’s degree in Energy Systems Planning from UNICAMP, an MBA in Energy Economics and Management from Instituto COPPEAD/UFRJ and has completed the Advanced Management Program (AMP) at the Harvard Business School. Since August 2019, he has been the chairman of the Board of Directors of CESP, briefly serving as its CEO in 2019.
He has more than 30 years of experience in the electricity sector, where he began his career at CESP (1988-2001) working in different roles: young apprentice, technician and engineer. At CPFL Energia (2001-2015) he held different positions, notably executive officer – Energy Planning (2011-2013) and CEO of the trading company (2013-2015).
He holds management positions in the following companies or non-profits: chairman of the Board of Directors of the Brazilian Association for Energy Self-Producers (ABIAPE) and alternate member of the Board of Directors of Brazil’s National Electricity System Operator (ONS).

Mario Bertoncini

Vice President of Clients and Commercialization

Statutory Director elected on March 25, 2022

Holds a bachelor’s degree in Business Administration from the Fundação Getúlio Vargas (FGV/SP) and an MBA in Finance from the Wharton School of the University of Pennsylvania (USA). Since 2019, he has also been the Chief Executive and Investor Relations Officer of CESP and an executive officer at CESP Comercializadora de Energia.

He has been working at Votorantim’s investees since 2011, when he started as Corporate Treasurer and Investor Relations officer at Votorantim Industrial. In 2014, he became the Chief Financial Officer of Nexa Resources, which he left in 2019 to become the Chief Financial Officer of CESP and later, the same year, the Chief Executive and Investor Relations Officer, while also working as an executive officer at CESP Comercializadora de Energia, a subsidiary of CESP.

He started his career at Itaú BBA in 1989 as a Credit and Investment Analyst, leaving the company in 2005 as director of Mergers and Acquisitions. He joined Unibanco the same year as Regional Director of the Large Corporate Division and returned to Itaú BBA in 2009, also as Regional Director of the Large Corporate Division. He served on the Boards of Directors of mining firms Milpo and Atacocha between 2013 and 2018 and was alternate member of the Board of Directors of Fibria Celulose, an investee of Votorantim at the time, between 2012 and 2013.

Mateus Ferreira

Vice President of Finance and Investor Relations

Statutory Director elected on July 01, 2024

Mateus Ferreira holds a degree in business administration from Fundação Getúlio Vargas (FGV/SP). He also attended executive education programs at Stanford University and Fundação Dom Cabral. He was chairman of Auren’s board of directors from March 2022 to June 2024. Additionally, he was a managing diretor at Votorantim from August 2020 to June 2024. During this period, he also served as a board member at Votorantim Energia, a company incorporated by Auren Energia, as a chairman of the board of Altre and as a member of the investment committee of 23S. Prior to joining Votorantim, he held various roles in the Investment Banking division of Banco Itaú BBA from February 2011 to June 2020, with his last role being Head of Infrastructure and Global Industries. Currently, Mateus is a board member at CCR (B3: CCRO3) and Instituto CCR.

Carlos Curci Neto

Executive Officer - Legal and Corporate Governance

Statutory Director elected on May 02, 2024

Holds a degree in Law from Centro Universitário das Faculdades Metropolitanas Unidas (FMU). He also has completed specialization programs in Energy Business at USP, a Post-graduate program in Business Law at Fundação Getúlio Vargas and a Management program at the Harvard Business School.

Carlos Curci has been working in the investees of Votorantim for over 20 years, mostly in the energy business. He returned to the company 8 years ago as Legal Manager and later took over as General Manager – Legal and Regulatory Affairs.

Carlos began his career at CBA in 1998 and joined Votorantim Energia in 2000 in the Administrative area, having also worked in the O&M and Commercial areas. He was promoted to lawyer and remained in the company until 2011. He worked at AES Eletropaulo (2011-2013) as specialist lawyer.

Priscila Rochinha Lino

Executive Officer - Regulatory & Strategic Planning

Holds a bachelor’s degree in Mathematics from Universidade Federal do Rio de Janeiro – UFRJ, a master’s degree in Operational Research from UFRJ, and an MBA in Corporate Finance from PUC/RJ. She has over 25 years of experience in the energy market. She began her career at PSR Consultoria in 2000, leaving the company in 2015 as a Technical Director. In 2016, she joined the former Brookfield Energia Renováveis, currently Elera Renováveis, initially as Studies Director and reaching the position of Vice President of Regulatory Affairs. She also served as counselor of the Brazilian Association of Photovoltaic Solar Energy (Associação Brasileira de Energia Solar Fotovoltaica – ABSOLAR), as alternate counselor of the Brazilian Association of Independent Producers (Associação Brasileira dos Produtores Independentes – APINE) and was member of the Brazilian Association of Clean Energy Generation (Associação Brasileira de Geração de Energia Limpa – ABRAGEL). She is currently a member of the energy business council of the Rio de Janeiro Commercial Association (Associação Comercial do Rio de Janeiro – ACRJ).

Rômulo Marçal

Executive Officer - Corporte Affairs

Holds a degree in Computer engineering from Universidade de Campinas (UNICAMP). He also has completed a Post-graduate program in HR Management from Faculdade de Campinas (FACAMP) and holds an MBA in Marketing from Escola Superior de Propaganda e Marketing (ESPM).

Rômulo Marçal has been with the company since 2015, when he started as General Manager – IT, BI, Supplies and Administration. A few years later, he also took responsibility for People, Communication and Sustainability as Corporate General Manager. He began his career at Movile (erstwhile Compera/Start up) as Business and Product Development Manager in 2000. In 2005, he joined Brasil Telecom as Product Coordinator and left the company in 2008 as Product Manager. A month later, he joined Oi as Information Services Manager and, in 2010, was promoted to Senior Manager – Projects, Processes and Budgets. In 2011, he was promoted to Senior Marketing Manager, a position he held till 2015.

João Guillaumon

Executive Officer - Strategy, Innovation and Value Realization

He has a degree in Production Engineering from the Polytechnic School of USP and an MBA in Economics and Finance from the Booth School of Business at the University of Chicago in the United States. João became a consultant at McKinsey & Co. in 2005, and left in 2024 after 8 years as a partner. During this period, he worked mainly with energy and materials clients, on topics such as strategy, transformations, innovation, M&A, new business creation and others, in Latin America, North America and Europe.

Cristiane Schaefer

Executive Manager of Risk, Controls and Compliance

Holds a bachelor’s degree in Business Administration from UniRitter Rio Grande do Sul and an MBA in Financial Management, Controlling and Auditing from Fundação Getúlio Vargas, with an extension degree from the University of California – Irvine. She is currently studying to become a Certified Expert in Compliance, from Instituto ARC – Auditoria, Riscos e Compliance (completion in the 1st semester of 2023) and has been a Member of the Compliance Women Committee (CWC) since 2018.

Mrs. Schaefer has been at the Company since 2019, when she joined as an Internal Audit Manager, taking over the Risk, Internal Controls and Compliance areas after one year and, later, also joining the Information Security area.

She began her career as a Senior Analyst at Vivo Telecomunicações, working in the regional offices of Rio Grande do Sul and São Paulo, in the management and fraud prevention area. In 2004, she joined Deloitte, a Big Four auditing firm, where she served in the Risk Advisor area during 13 years, initially as a Consultant and reaching the position of Director in 2014. Throughout her career, she served multinational companies from various sectors, in the areas of Risk Management, Internal Audit and Compliance. In 2018, she began working as an independent consultant and, after a few months, joined StoneTurn as a Senior Adviser in the Compliance, Risks and Investigation areas.

Joaquim Spinola

Director of New Business and M&A

Joaquim Spinola has a degree in business administration from Fundação Getúlio Vargas (FGV/SP), and attended executive education programs at INSEAD in France. Joaquim joined Auren in June/22 as M&A Director. Before joining Auren, Joaquim worked for 15 years at Itaú BBA in the Investment Banking area. At Itaú BBA, he held various positions, having spent 3 years in the bank’s Mexico City operation and his last position was as Head of Coverage for the Utilities and Real Estate sectors.

Board of Directors

João holds a degree in Business Administration from Fundação Getúlio Vargas (FGV/SP) and has been CEO of Votorantim S.A. since March 2020. He is currently Chairman of the Boards of Directors of Banco BV, CCR (B3: CCRO3) and 23S Capital, and is a member of the Board of Directors of Nexa Resources (NYSE: NEXA). He is also a member of the Board of Directors of Amcham – American Chamber of Commerce for Brazil and FCLT Global (Focusing Capital on the Long Term) and a member of the Chairman’s International Advisory Council of the Americas Society / Council of the Americas.
He began his career at Votorantim in 2014 as Director of Corporate Development and, prior to Votorantim, was Managing Director in the Investment Banking division of Goldman Sachs. Previously, he served as a member and Chairman of the Company’s Board of Directors from 2022 to 2024, as a member of the Board of Directors of Fibria from 2014 to 2019, of Citrosuco from 2014 to 2019, and as Chairman of the Board of Directors of CESP – Cia. Energética de São Paulo, a wholly-owned subsidiary of the Company, in 2019.

He holds a degree in Economics from the Federal University of Rio de Janeiro (UFRJ) and a Master’s degree in Economics from the Pontifical Catholic University of Rio de Janeiro (PUC-Rio). Mr. Carlos has been a member of the Audit Committee and the Remuneration and People Committee, as well as an Observer of the Board of Directors of Iguá Saneamento S.A., since 2021, and has been an Observer of the Board of Directors of Constellation Oil Services Holding S.A., since 2017. Mr. Carlos was a member of the Board of Directors, Finance Committee and People Committee at Light S.A. from 2019 to 2021; a member of the Board of Directors and Finance Committee at Taesa S.A. from 2019 to 2020; and a member of the Board of Directors and Finance Committee at Kepler Weber S.A. from 2018 to 2020. Mr. Carlos also served as Vice President of Business Development and Member of the Executive Board of CPFL Energia from 2012 to 2020. In 2011 he was Energy Investment Director at Camargo Correa. From 2004 to 2010, he had his own independent financial consulting firm, focusing on mergers and acquisitions and private equity transactions.

Mr. Ricardo Szlejf has a bachelor’s degree in Business Administration from EAESP/FGV and a master’s degree in Business Administration from INSEAD. He has been a member of the Board of Directors of CESP since April 2019. He has also been Infrastructure Officer for Latin America at CPP Investments since May 2015.

Additionally, he is currently Officer at IDEAL – Impulsora del Desarrollo y el Empleo en America Latina, S.A.B. de C.V., has been a member of the Board of Directors of Grupo Costanera SpA, in Chile, since September 2017, and Officer at TGP – Transportadora de Gas Del Peru since September 2020, all of which investees of CPP Investments.

Ms.Caroline holds a bachelor’s degree in Economics from Insper – Instituto de Ensino e Pesquisa. Since November 2021, she has held the position of Head of Infrastructure and Energy at CPP Investments in Latin America. Before joining CPP Investments, she worked for 5 years at Aqua Capital, a Private Equity firm that invests in sustainable and innovative businesses in the Agribusiness and Food value chain segments.

She holds a degree in Public Administration from Fundação Getúlio Vargas (FGV) and an MBA from Stanford University (USA). Ms. Helena has been a member of the Board of Directors of Hejoassu Administração S.A. (parent company of Votorantim S.A., the Company’s direct parent company) since April/2015 and a member of the Board of the Votorantim Institute, as well as a member of the Finance Committee of Votorantim Cimentos S.A., since May/2023. Ms. Helena was Executive Manager of Innovation, Research and Development at the Company until December/2023, as well as a member of the Board of Directors of the Company’s investees, namely Way2 Serviços de Tecnologia S.A. and Flora Energia Renovável Inteligente S.A. Throughout her career, Ms. Helena has also worked at the Lemann Foundation, at the Origami Management consultancy and was a trainee at Votorantim Cimentos S.A. between 2009 and 2010.

Mr. João Schmidt graduated in Business Administration from Fundação Getulio Vargas – FGV. Since March 2020, he has been the CEO of Votorantim S.A., a holding investment company with activities in the cement, mining and metal, energy, steel, agribusiness, real estate and financial services sectors.

She is a partner at SLP Consultoria e Treinamento. She was Director of Lato Sensu Postgraduate Courses (2011 to 2015) and Coordinator of the Strategy Research Center (2010 to 2013) at Insper Instituto de Ensino e Pesquisa. Letícia was also a partner at Prada Assessoria from 2010 to 2021. Before that, Letícia was a partner at Booz Allen Hamilton (now Strategy&), having worked in the London office before returning to Brazil. Letícia led the Industry Practice in Latin America and was a member of the firm’s board. Leticia was President of Booz Allen Hamilton do Brasil from 2001 until her retirement in 2010. Leticia has been a board member of Localiza since 2009 (coordinator of the audit committee), Grupo Mapfre (Spain) since 2015, Embraer since 2017 (coordinator of the people and ESG committee), Totvs since 2017 (coordinator of the strategy committee) and Mobly since 2021 (coordinator of the audit committee). Letícia holds a degree in Production Engineering from the Polytechnic School of the University of São Paulo, and an MBA from Cornell University.

Mr. Sergio Romani graduated in Accounting from Universidade Santa Úrsula. Since April 2021, he has been a member and coordinator of the Company’s Statutory Audit Committee and an independent member of the Board of Directors. He has also been a member of the Sustainability Committee of CESP since September 2021. Additionally, since 2021, he has been an independent member of the Board of Directors and a member of the Audit Committee of CBA – Companhia Brasileira de Alumínio, a Votorantim investee. He is also a member of the Audit Committee of Vale S.A.

Mr. Romani is an audit expert and worked for over 36 years at Ernst & Young (EY), dedicating his career to serve publicly held companies in Brazil and abroad, especially the United States. He was the Lead Audit Partner (including accounting consulting, fraud and investigation operations) in Brazil and South America for over 10 years. In 2016, he took over as the CEO of EY for South America and the Regional Chair of the Board of Directors. He was also a member of EY’s American Operating Executive and of the Global Partners Group.

He has a degree in Mechanical Engineering from the University of Mogi das Cruzes, an MBA in Business from the Dom Cabral Foundation, as well as continuing education courses at international executive schools. Mr. Marcelo has consolidated his long career as an executive in the pulp and paper industry, in which he has held leadership positions in production, projects and business areas in large companies in the sector, his last position being Chief Executive Officer of Fibria Celulose S.A. Mr. Marcelo served as Chief Executive Officer of Votorantim Cimentos S.A. (“VCSA”) between February 2019 and May 2023. In May 2023, Mr. Marcelo became a member of VCSA’s Board of Directors. In addition, since May 2023, Mr. Marcelo has been a member of VCSA’s Sustainability and Innovation Committee and, since June 2023, a member of VCSA’s Audit Committee.

Statutory Audit Committee

Mr. Sergio Romani graduated in Accounting from Universidade Santa Úrsula. Since April 2021, he has been an independent member of the Company’s Board of Directors and a member and coordinator of the Statutory Audit Committee. He has also been a member of the Sustainability Committee of CESP since September 2021. Additionally, since 2021 he has been an independent member of the Board of Directors and a member of the Audit Committee of CBA – Companhia Brasileira de Alumínio, a Votorantim investee. He is also a member of the Audit Committee of Vale S.A.

Mr. Aldo Luiz Mendes holds a Bachelor’s and Master’s degree in Economics from the University of Brasilia and a PhD in Economics from the University of São Paulo.

He has solid professional experience in the financial market and in risk and auditing. He worked for more than 29 years at Banco do Brasil S.A., where his main positions were: Manager of International Finance, Superintendent of Market Risk Management, Director of Finance, Director of Capital Markets, Vice-President of Finance, Capital Markets and Investor Relations (2005-2009). Chairman of Cia de Seguros Aliança do Brasil (June to December 2009). Director of Monetary Policy at the Central Bank of Brazil (December 2009 to July 2016). Executive Director of Banco Original S.A. (from January to December 2017).

Mr. Mendes has served on several boards of directors, including CSN – Companhia Siderúrgica Nacional, RGE – Rio Grande Energia, TNL – Telemar Norte Leste (now Oi), Neoenergia, Visanet (now Cielo), CIP – Central Interbancária de Pagamentos, BB Tecnologia e Serviços. Mr. Mendes is also a member of the Risk and Capital Committee of Banco Votorantim and a board member of GRUPAR (concessionaire of Guarulhos airport), Cielo and BRF.

Mr. Marcos Antonio Quintanilha graduated in Accounting and Auditing from Universidade São Judas and in Economics and Finance from FMU Faculdades Metropolitanas Unidas. He has also been a member of the Statutory Audit Committee of CESP since April 2021.

He is a former EY audit partner, held said position in various markets and regions of Brazil between 1988 and 2019 and worked in multiple sectors of activity, including infrastructure (generation, transmission and distribution of electricity, water and sanitation). Between 2013 and 2019, he was the Lead Partner in EY Brazil’s Power Utilities Group and Coordinator of the Working Group of the Institute of Independent Auditors of Brazil – IBRACON, focusing on discussing topics related to the electricity, water and sanitation sectors. He is an EY representative in the Transmission and Generation Committees of the Brazilian Association of Infrastructure and Basic Industries. Finally, he is a sitting member and coordinator of the Audit Committee of Intelbrás S/A.