Management, Board of Directors and Comittees

Luis Antonio Gomes Araújo. Mr. Araujo has 40 years of experience in the energy and oil and gas industries, holding the positions as Chief Executive Officer of Aker Solutions from 2014 to 2021 and other senior level positions in Aker Solutions, Wellstream, ABB, FMC Technologies, Vetco Gray and Technip Coflexip throughout his career. He currently serves as the Chairman of the Board of OceanPact Serviҫos Marítimos S.A. (listed in Brazil), CRC Evans (UK privately held) and Principle Power (privately held) and as a board member of Akastor ASA (listed on the Oslo Stock Exchange). He also served as a non-executive director of Magseis Fairfield ASA from 2019 until TGS acquired a majority equity interest in Magseis Fairfield in 2022.  Mr. Araujo was first elected as a Director of TGS in 2023.

Adriana Waltrick has over 25 years of experience in the Brazilian energy market. She is a certified member of the Brazilian Institute of Corporate Governance (IBGC), holds a degree in Business Administration from UNISINOS, and completed a Master’s degree (stricto sensu) and an MBA at the Federal University of Rio Grande do Sul (UFRGS), a Finance MBA from the University of São Paulo (USP)*, and an MBA from the Massachusetts Institute of Technology (MIT). She was a member of the boards of directors of CPFL Renováveis, Geração Foz do Chapecó, Energética Barra Grande S.A. (BAESA), and Centrais Elétricas da Paraíba (EPASA). Since 2012, she has held the position of CEO of SPIC Brasil and Pacific Hydro Brasil. She previously served as Vice President of M&A and Strategy Director at CPFL Energia – one of the largest private Brazilian energy groups publicly traded on the B3 and NYSE. She participated in the “Data Science Specialist” program at UC Berkeley, the “Program on Negotiation” at Harvard University, the “Advanced Mergers & Acquisitions” program at the Amsterdam Institute of Finance, and the “Creating Shareholder Value” program at Northwestern University, Chicago. Mrs. Adriana Waltrick Santos is an independent member of the Company’s Board of Directors, pursuant to the Novo Mercado Regulations. Mrs. Adriana Waltrick Santos declared, for all legal purposes, that: (i) she has not been subject, in the last five years, to any (a) criminal conviction, (b) conviction in an administrative proceeding by the CVM, the Central Bank of Brazil, or the Superintendence of Private Insurance; or (c) final and unappealable conviction, in the judicial sphere or subject to a final administrative decision, which has suspended or disqualified her from practicing any professional or commercial activity; and (ii) she is not considered a politically exposed person, pursuant to CVM Resolution 50/21.

Felipe Nogueira Pinheiro de Andrade. Mr. Andrade has served as a member of our board of directors since 2014. He has served as the managing officer and co-founder of DOMO Invest, the leading venture capital asset manager in its segment in Brazil, since 2016. He dedicated more than 25 years of his career to M&A and asset management, assisting companies and investors in the processes of adding value, growth and consolidation of companies, acting today in the strategic management and governance of the investees of DOMO Invest’s FIPs. Mr. Andrade has acted as senior executive, partner and founder of financial institutions in Brazil and the United States (Flemings, Barclays Capital, Broadspan Capital and DOMO Invest, among others). His expertise in corporate transactions, economic and financial assessments, definition of optimal capital structure, management, leadership and governance is part of his professional experience. Mr. Andrade also has more than 15 years of experience serving on boards of directors of several companies. He is an asset manager, duly qualified by the CVM and was approved in Series 7-NASD in 2001. Mr. Andrade holds an MBA, with an emphasis on Corporate Finance, from the William E. Simon School of Business, University of Rochester.

Fabio Schvartsman. Mr. Schvartsman has a degree in Production Engineering (Poli/USP – Escola Politécnica da Universidade de São Paulo, 1976), postgraduate in Business Administration (EAESP/FGV – Escola de Administração de Empresas de São Paulo da Fundação Getúlio Vargas, 1979 ) and Production Engineering (Poli/USP – Polytechnic School of the University of São Paulo, 1977). Served as President of Vale S/A (05/17-04/20); General Director of Klabin S.A. (02/2011 to 04/17); President of SanAntonio Internacional (04/2008 to 04/2010); President of Telemar Participações S.A. (04/2007 to 02/2008); at Ultrapar (Grupo Ultra from 05/1985 to 04/2007), he served as Planning Superintendent, Planning Director, Planning and Control Director, Investor Relations Director, President (Ultraprev), Managing Partner (Ultra S.A. – controlling company of Ultrapar) and CFO/Superintendent Financial Director (Ultrapar); at Duratex S.A. (02/1976 to 04/1985), he served as Head of the Economic Studies Sector, Head of the Development Division and Head of the Planning Department at Duratex. He currently holds the position of member of the Board of Directors of Vibra Energia S.A.

Co-head of Private Equity at Vinci Compass, Gabriel has served on the Board of Directors of several Vinci portfolio companies, such as Burger King, Unidas, and Cecrisa, and currently serves on the Board of Directors of Austral, CBO, CVLB, Vero, Agi, Farmax, and Víssimo. In 2007, he joined the Private Equity group of UBS Pactual Gestora de Investimentos Alternativos. From 2008 to 2010, he was allocated to the portfolio company Inbrands, where he served as CEO and CFO. Previously, he was an analyst in the Venture Capital operation of Banco BBM, a business consultant at McKinsey & Co., an M&A manager at Vivo, and an associate at GP Investimentos. He holds a degree in Engineering from UFRJ and an MBA from Harvard Business School. Mr. Gabriel Felzenszwalb declared, for all legal purposes, that: (i) he has not been subject, in the last five years, to any (a) criminal conviction, (b) conviction in an administrative proceeding by the CVM, the Central Bank of Brazil, or the Superintendence of Private Insurance; and (c) final and unappealable conviction, in the judicial sphere or subject to a final administrative decision, which has suspended or disqualified him from practicing any professional or commercial activity; and (ii) he is not considered a politically exposed person, pursuant to CVM Resolution 50/21.

Mr. Roberto Cerdeira is a Partner at Patria. Mr. Cerdeira is primarily responsible for logistics and transportation within the Infrastructure business unit. He is responsible for new business efforts within these sectors and also for overseeing several portfolio companies of Patria’s Infrastructure Funds. Mr. Cerdeira is currently a Board Member of Hidrovias do Brasil, Pare Bem, Entrevias, EIXO-SP, and CART. Prior to this, Mr. Cerdeira served as a Director and Investment Officer. Before joining Patria in 2011, Mr. Cerdeira worked in M&A and Private Equity with experience in logistics, water treatment, energy, and financial services. Mr. Cerdeira holds a degree in Business Administration from PUC-Rio and an MBA from London Business School. Mr. Roberto Cerdeira declared, for all legal purposes, that: (i) he has not been subject, in the last five years, to any (a) criminal conviction, (b) conviction in an administrative proceeding by the CVM [Brazilian Securities and Exchange Commission], the Central Bank of Brazil, or the Superintendence of Private Insurance; and (c) final and unappealable conviction, in the judicial sphere or subject to a final administrative decision, which has suspended or disqualified him from practicing any professional or commercial activity; and (ii) he is not considered a politically exposed person, pursuant to CVM Resolution 50/21.

Flavio Nogueira Pinheiro de Andrade. Mr. Andrade has been our chief executive officer since 2007. He served as a consultant for Hidroclean Serviços Marítimos between 2002 and 2007. In 2002, he also became chief operating officer of Imbrio Participações e Negócios S/C Ltda., a portal for technology startups. Between 1997 and 2000, Mr. Andrade was a naval engineer and operations manager at Navegação São Miguel Ltda. From 1995 to 1997, he founded and was executive officer and partner at Webcenter Internet Services S/C. In 1990, he founded Aracati Comércio Exportação Ltda., the first Brazilian company to receive a license (SIF) to export live lobsters. He began his career as an intern at CCN – Mauá Shipyard in 1986, where he also worked as a trainee, naval engineer and assistant to the board of directors. Mr. Andrade holds a bacherlor’s degree in marine engineering from the Federal University of Rio de Janeiro (Universidade Federal do Rio de Janeiro), a graduate degree in oil from the Alberto Luiz Coimbra Institute of Graduate Studies and Research from the Federal University of Rio de Janeiro (Instituto Alberto Luiz Coimbra de Pós-Graduação e Pesquisa em Engenharia da Universidade Federal do Rio de Janeiro), or COPPE/UFRJ and Owner/President Management Program (OPM) from Harvard Business School. Flavio is a serial entrepreneur, inventor, sailor, diver and an ocean lover.

Mr. Adriano Ranieri Cervinho Viana holds an undergraduate degree in Chemical Engineering from PUC-Rio, 2001, a graduate degree in Petroleum Engineering from PUC-Rio, 2003, and certifications in Crisis Management and Business Continuity, MIT Professional Education, from Cambridge, MA, 2017; Project Management from FGV, 2009; and the International Petroleum Management Certificate Program, from IHRDC-Boston, 2008. He boasts more than 20 years’ professional experience in the areas of the environment, operational safety and emergency, and crisis management. He has led the implementation of the Incident Command System in companies of different sizes and sectors, including large international companies operating in the oil and gas sector, including Petrobras. In the mining sector, he has worked on the implementation of the ICS at Vale, and as a Specialist Consultant in Crisis Management focused on senior management issues. He is a scholar in the field of resilience, and also participates quite actively in international congresses, where he has lectured on various technical panels related to the subject.

Eduardo de Toledo. Mr. Toledo graduated from production engineering and economics in 1986 and 1987, respectively, by USP. Mr. Toledo also has attended International Executive Programme (INSEAD – Fontainebleau) and Entrepreneurship and Competitiveness (Columbia University – NYC). Formerly, he was part of Ultra Group, working more than 20 years in roles such as Treasurer, Chief Administrative Officer at Oxiteno, Chief Operational Officer at Ultracargo and Executive Officer at Ultrapar. Mr. Toledo has also worked for two and a half years at Klabin, as Supply Chain Officer and Chief Financial and IR Officer. His last executive position, before OceanPact, was as Vice President of CCR, managing the Financial, IR, Controllership, HR and Engineering and Technology areas (November 2018 – October 2020). Mr. Toledo was member of the Board of Directors of Odontoprev for 20 years, holding the position of Chairman of the Board and Coordinator of the Audit Committee. He has been a Member of the Board of Directors of Hidrovias do Brasil since June 2024.

Erik Fabian Gomes Cunha. Mr. Cunha holds four concurrent positions: vice president of the National Union of Marine Navigation Companies (Syndarma Sindicato Nacional das Empresas de Navegação Marítima), or Syndarma, since 2017; vice president of the Brazilian Association of Marine Support Companies (Associação Brasileira de Empresas de Apoio Marítimo), or Abeam, since 2019; our commercial officer of our company since 2013. He was president of Fundação Promar from 2007 until 2012. He served as executive director of Cepemar from 2006 to 2011 and as information technology manager from 2002 to 2006. Mr. Cunha was a commercial and new business officer at CP+ Soluções em Meio Ambiente. He was a teacher at Estácio between 2002 and 2010. Previously, he served as commercial manager at Datasul from 2000 to 2002. He served as a systems coordinator at Grupo Águia Branca from 1995 to 2000. Mr. Cunha holds a bachelor’s degree in computer science from the Victorian Association of Higher Education (Associação Vitoriana de Ensino Superior). He also holds graduate degrees in software engineering from the Federal University of Espírito Santo, in environmental economics from the University of Paraná and in business from FGV, as well as a master’s degree in finance and accounting from FUCAPE Business School.

Fernando Borensztein is an Environmental Engineer with a degree from the Pontifical Catholic University of Rio de Janeiro (PUC-RJ). He has worked for over 20 years in the areas of Energy and Environmental Management for various national and multinational companies. He began his career as an environmental consultant in the areas of licensing and implementation of environmental management programs for energy and offshore oil and gas projects in a number of Brazilian basins. In 2003, he joined Devon Energy as Health, Safety and Environment Manager, and was also responsible for structuring the company’s Corporate Social Responsibility and Sustainability areas in Brazil. In 2011, he became CEO of Vanco Exploration Company, a Brazilian subsidiary of the North American PanAtlantic Exploration Group, where he remained until 2014. He was then invited to become CEO of CEPSA E&P, Spain’s leading European oil and gas and energy company. In 2021, he was invited to join the team at OceanPact Serviços Marítimos, where he currently holds the position of New Business and Sustainability Director.

Mr. Borensztein holds a postgraduate degree in Sanitary and Environmental Engineering from the Federal University of Rio de Janeiro (UFRJ), a Master’s degree in Environmental Planning from Oxford Brookes University in England, and an MBA in Business Management from the Brazilian Petroleum Institute (IBP).

Haroldo Nogueira Solberg. Mr. Solberg has served as our executive vice president since 2017, having served as financial managing director between 2009 and 2017. Previously, he was branch manager of Banco Bonsucesso between 2006 and 2008, government channel manager of Telemar Norte Leste between 2001 and 2006, branch supervisor of Martins Comércio e Serviços de Distribuição in 2001, and managing partner of Aracati Exportação e Importação between 1990 and 1998. Mr. Nogueira Solberg holds a bachelor’s degree in production engineering from UFRJ, with a master’s degree in business from the Graduate and Research Institute of Administration of the Federal University of Rio de Janeiro (Instituto de Pós-Graduação e Pesquisa em Administração da Universidade Federal do Rio de Janeiro), or COPPEAD – UFRJ.

Marcelo Martins has over 20 years of experience in shipbuilding and offshore support navigation. He has been a director of the CBO group since 2013, and since 2009 he served as superintendent of planning, engineering, and supplies at the Aliança shipyard (a company within the same economic group as the issuer). Previously, in 2005, he worked at the shipyard as a project manager for a series of 8 (eight) vessels, monitoring the process from the basic design through to the delivery of the ships. In 2002, he worked as a commercial technical advisor for CBO (a company within the same economic group as the issuer), discussing charter contracts, adapting vessels to customer requirements, analyzing the offshore support market, and managing customer relations. He started at CBO (a company within the same economic group as the issuer) in 1996 as an intern and was hired as an engineer in 1997, where he worked in the new building inspection group, responsible for the areas of basic design, structure, steel accessories, and finishing. Marcelo holds a degree in Naval Engineering from the Federal University of Rio de Janeiro (UFRJ), a Master’s degree in Naval and Oceanic Engineering from COPPE, and an MBA from COPPEAD. Mr. Marcelo Jorge Martins declared, for all legal purposes, that: (i) he has not been subject, in the last five years, to any (a) criminal conviction, (b) conviction in an administrative proceeding by the CVM, the Central Bank of Brazil, or the Superintendence of Private Insurance; and (c) final and unappealable conviction, in the judicial sphere or subject to a final administrative decision, which has suspended or disqualified him from practicing any professional or commercial activity; and (ii) he is not considered a politically exposed person, pursuant to CVM Resolution 50/21.

Marcos Roberto Tinti joined the CBO Group in 2017, serving as Operations Director. In March 2019, he was appointed Chief Executive Officer of the CBO Group, remaining in the position until the incorporation of CBO by the Company. Marcos Roberto Tinti holds a Bachelor’s degree in Accounting from FMU/SP (1990) and an Executive MBA in Business Administration from COPPEAD/UFRJ. Mr. Tinti has over 42 years of experience, having worked in operations management, serving as a director for companies such as Tegma Gestão Logística S.A., Elog Logística S/A, Trifil Indústria Textil S/A, and Movicarga Logística, as well as acting as an operations and distribution manager for companies such as Parmalat Brasil S/A, Tigre S/A, and Brahma/Ambev. Mr. Marcos Roberto Tinti declared, for all legal purposes, that: (i) he has not been subject, in the last five years, to any (a) criminal conviction, (b) conviction in an administrative proceeding by the CVM, the Central Bank of Brazil, or the Superintendence of Private Insurance; and (c) final and unappealable conviction, in the judicial sphere or subject to a final administrative decision, which has suspended or disqualified him from practicing any professional or commercial activity; and (ii) he is not considered a politically exposed person, pursuant to CVM Resolution 50/21.

Ana Siqueira holds a degree in Production Engineering from UFRJ – Federal University of Rio de Janeiro (1988), with a Specialization in Business Administration from PUC-Rio (1994). She received her CFA charter in 2001 and the ESG Investing certification from the CFA Institute in 2022. She is the Head of the ESG Committee and a member of the Advocacy Committee at CFA Society Brazil (since August 2021), a Member of the Board of Directors of the Company (since April 2022), and a member of the Company’s Audit and Compliance Committee (since February 2021). Co-drafter of the AMEC Stewardship Code (2016), she was a member of the Executive Committee of the Brazilian Stewardship Code (from September 2021 to February 2024), and a Fiscal Council Member of BR Malls Participações (2019 to 2021) and Mills Estruturas e Serviços de Engenharia (2017 to 2018). She began her career at Shell Brasil (1987 to 1995) and, over the course of almost 20 years, held executive positions in banks (Icatu, BNDES, ABN, and Santander) and was a partner at the asset management firms IP Capital Partners, JB Partners, and Ventor Investimentos, having been one of the first equity research analysts to incorporate corporate governance into the investment process (1995). She is the co-author of several books and was also a columnist for Capital Aberto magazine (2016 to 2023). Ana Siqueira has been a Professor of the Stakeholders and ESG course at FIA since 2021.

Adriana Waltrick has over 25 years of experience in the Brazilian energy market. She is a certified member of the Brazilian Institute of Corporate Governance (IBGC), holds a degree in Business Administration from UNISINOS, and completed a Master’s degree (stricto sensu) and an MBA at the Federal University of Rio Grande do Sul (UFRGS), a Finance MBA from the University of São Paulo (USP)*, and an MBA from the Massachusetts Institute of Technology (MIT). She was a member of the boards of directors of CPFL Renováveis, Geração Foz do Chapecó, Energética Barra Grande S.A. (BAESA), and Centrais Elétricas da Paraíba (EPASA). Since 2012, she has held the position of CEO of SPIC Brasil and Pacific Hydro Brasil. She previously served as Vice President of M&A and Strategy Director at CPFL Energia – one of the largest private Brazilian energy groups publicly traded on the B3 and NYSE. She participated in the “Data Science Specialist” program at UC Berkeley, the “Program on Negotiation” at Harvard University, the “Advanced Mergers & Acquisitions” program at the Amsterdam Institute of Finance, and the “Creating Shareholder Value” program at Northwestern University, Chicago. Mrs. Adriana Waltrick Santos is an independent member of the Company’s Board of Directors, pursuant to the Novo Mercado Regulations. Mrs. Adriana Waltrick Santos declared, for all legal purposes, that: (i) she has not been subject, in the last five years, to any (a) criminal conviction, (b) conviction in an administrative proceeding by the CVM, the Central Bank of Brazil, or the Superintendence of Private Insurance; or (c) final and unappealable conviction, in the judicial sphere or subject to a final administrative decision, which has suspended or disqualified her from practicing any professional or commercial activity; and (ii) she is not considered a politically exposed person, pursuant to CVM Resolution 50/21.

Marcus Vinícius Dias Severini holds degrees in accounting and electrical engineering, with postgraduate studies in economic engineering. He worked for 12 years in consulting and auditing at Arthur Andersen S/C. He served as a member of the Fiscal Council of Fertilizantes Fosfatados S/A – Fosfértil, Associação Brasileira de Alumínio – ABAL, Usinas Minas Gerais S/A – Usiminas, Companhia Siderúrgica de Tubarão – CST, and Caemi Mineração S.A. He was President of the Deliberative Council of the Vale do Rio Doce Social Security Foundation – VALIA and Director of Controllership at Vale S.A. between May 2007 and March 2015. Between April 2015 and April 2018, he was a full member of the Fiscal Council of Mills Estruturas e Serviços de Engenharia S.A. Between April 2015 and April 2019, he served as a full member of the Fiscal Council of BRF and was a full member of the Audit Committee of the Vale do Rio Doce Social Security Foundation, a position he assumed in 2019. In May 2024, he was elected to preside over the fiscal council of Oncoclinicas.