Board of Directors, Management and Committees

Diretoria

Board of Executive Officers

It is liable for managing Valid‘s businesses and for implementing the general policies and targets defined by the Board of Directors, which elects the officers for a two-year term of office, and reelection and removal from office are possible.

Name Position Years at Valid Term of Office until
Carlos Affonso Seigneur d’ Albuquerque CEO 21 1st BDM after OSM of 2020
Mr. Carlos Affonso has a degree in Economics Graduate from PUC-RJ and holder of an Expertise Degree in Advanced Management from Harvard Business School, with a Post-Graduate in Finance and Business Administration from the Brazilian institutions IBMEC-RJ and Coppead-UFRJ, Carlos Affonso d’Albuquerque has been Valid’s CEO and Investor Relations Officer since May 2015. He joined the Company in 1996, where he was Treasury Manager from 1999 and Investor Relations Manager from April 2006, upon the Company’s IPO, until July 2007. In 2010, he also held the position of Chief Financial Officer.
He is not a member of the management of any other company under the same control of the Company and, in the last five years, he has no criminal conviction, conviction in CVM’s administrative proceeding or final conviction, in the judicial or administrative sphere, that suspended or disqualified the practice of professional or commercial activities.
Rita Cristiane Ribeiro Carvalho CFO and IRO 13 1st BDM after OSM of 2020
Mrs. Rita Cristiane Ribeiro Carvalho has a degree in Business Administration, with a specialization degree in Finance from FGV – RS and in Business Management from the Foundation of the Administrators of Rio Grande do Sul. She joined the Company in 2005 as a Financial Analyst and currently worked as Financial and Investor Relations Superintendent. Throughout these years, she was part of several key projects, committing herself to the values of the organization, always seeking to work towards Valid‘s business development. In July 2017, Mrs. Carvalho became the CFO and IRO of the Company.
She is not a member of the management of any other company under the same control of the Company and, in the last five years, he has no criminal conviction, conviction in CVM’s administrative proceeding or final conviction, in the judicial or administrative sphere, that suspended or disqualified the practice of professional or commercial activities.
Marcello dos Santos Ribeiro Identification Officer 35 1st BDM after OSM of 2020
Mr. Marcello dos Santos Ribeiro has a degree in Data Processing from the University Nuno Lisboa. He joined the Company in 1986 in the position of Systems Support Analyst and, until May 2018, he occupied the position Identification Superintendent. Throughout these years, he was part of several key projects, committing herself to the valuesof the organization, always seeking to work towards Valid’s business development. In May 2018 Mr. Ribeiro took over the position of Identification Officer of the Company.
He is not a member of the management of any other company under the same control of the Company and, in the last five years, he has no criminal conviction, conviction in CVM’s administrative proceeding or final conviction, in the judicial or administrative sphere, that suspended or disqualified the practice of professional or commercial activities.
Daniel Impieri Industrial Officer 18 1st BDM after OSM of 2020
Mr. Impier has a degree in Mechanical Production Engineering from Rio de Janeiro State University (UERJ), an MBA in Business Administration with an emphasis on Marketing from the Pontifical Catholic University of Rio de Janeiro (PUC-RJ) and an Executive MBA from IBMEC/INSPER-SP. He has been a member of the Valid team for 17 years during which time he helped the Company rise to its current level, being responsible for the integration of the printing firm Menno in Erechim and Valid USA, and the installation of the Smart Bank Card, SIM Card and Contactless Card factories, as well as certain factory migrations. In June 2015, he was appointed Global Chief Operating Officer.
He is not a member of the management of any other company under the same control of the Company and, in the last five years, he has no criminal conviction, conviction in CVM’s administrative proceeding or final conviction, in the judicial or administrative sphere, that suspended or disqualified the practice of professional or commercial activities.
Patricia Piñeiro de Souza Human Resources Officer 13 1st BDM after OSM of 2020
Ms. Souza has a degree in Psychology from the Pontifical Catholic University of Rio de Janeiro (PUC-RJ), as well as an MBA in Human Resources, and has more than 20 years of experience in the HR area in national and international companies, such as Valid and Marcopolo. She joined the Company in 2005, where she occupied the post of HR Supervisor for five years, followed by two years as HR Manager. In 2012, she took over the HR and Services division, being responsible for the HR, Personnel Management, Facilities, Corporate Security, Internal Communications and System Management areas. In June, 2015 she became Human Resources and Services Officer, where her main challenges include designing policies in line with the corporate strategy, ensuring the feasibility of career planning by making full use of the abilities of the Company’s professionals, in order to ensure a successful succession plan, and strengthening the Company’s cultural identity, independently of geographical frontiers.
She is not a member of the management of any other company under the same control of the Company and, in the last five years, he has no criminal conviction, conviction in CVM’s administrative proceeding or final conviction, in the judicial or administrative sphere, that suspended or disqualified the practice of professional or commercial activities.

Conselho de Administração

Board of Directors

Valid’s Board of Directors is composed of seven members, five of which are independent and one of them is the chairman. This group’s principles are to maintain the company focused on its strategy, evaluate the market and competitors, collaborate with the company‘s growth and preserve the shareholders‘ interests.

Name Position Years in the Board Term of Office
Sidney Levy Chairman 18 2 years
Mr. Sidney Levy holds a bachelor’s degree in Production Engineering from the Federal University of Rio de Janeiro (UFRJ), with master’s degree in Engineering from the Coordination of Engineering Graduate Programs (COPPE-RJ) and Specialization in Management from the Institute of Management Development in Lausanne, Switzerland. He worked for Casa da Moeda Brasileira between 1976 and 1981, then worked for Thomas de La Rue Brasil between 1981 and 1991. Between 1992 and 1994, Mr. Levy worked for DLR Lerchundi in Spain as Chief Executive Officer. Mr. Levy was also the Chief Executive Officer at American Chamber of Commerce Rio between 2005 and 2007 and Chief Executive Officer of the Company between February 1994 and May 2011. He has been the Chairman of Valid’s Board of Directors since May 2011. Between 2013 and 2016, he was the General Officer of the Organizing Committee of the Rio 2016 Olympic and Paralympic Games. He was also member of the Board of Directors of CEDAE, member of the Advisory Board of Ancar and Chairman of Valid’s Board of Directors.
André Luiz Oda Board member 1 2 years
Mr. Oda holds a bachelor’s degree in Mechatronics Engineering from the Polytechnical School of the University of São Paulo (POLI-USP), with master’s degree and PhD in Finance from the School of Economics, Business and Accounting of the University of São Paulo (FEA-USP), and Specialization in Entrepreneurship from the Harvard Business School. He was a professor of Finance and Entrepreneurship at FEA-USP from 2002 to 2007 and, for four times, he received the best score in the teaching evaluation of the Administration Department. He created and supervised the Investment Funds Guide of the Finance Laboratory of FEAUSP for 15 years. He teaches specialization and graduate courses in Finance at institutions such as FIA, FIPE, FIPECAFI, Insper and IBGC. He has 20 years of professional experience in the areas of strategy, corporate finance, asset management, valuation, mergers and acquisitions. He worked as the executive in charge of Ambipar Group’s professionalization process from 2010 to 2013 and has occupied the positions of Chief Financial Officer, Chief Executive Officer and Chairman of the Board of Directors. He received the awards of “Revelation in Finance” from the Brazilian Institute of Financial Executives in 2005 and “The Outstanding Young Person” of the Junior Chamber International (Chapter Brazil) in 2006. Author of “Performance of Equity Funds” and coauthor of “Financial Calculation of Treasuries”, “Credit – Risk Analysis and Assessment” and “Tests for Certification in Finance” and several scientific papers. He was the angel investor of 99Motos (now Rapiddo) and is currently managing partner of Bitcoin Market.
Luiz Maurício Leuzinger Board member 9 2 years
Mr. Leuzinger holds a bachelor’s degree in Electrical Engineering from the National School of Engineering (currently UFRJ) and a master’s degree in Electrical Engineering from the Illinois Institute of Technology, Chicago, USA. He also completed the Economic Engineering course of the Illinois Institute of Technology and the Financial Management program of the Fundação Getúlio Vargas (FGV-RJ). From 2012 to 2015, he was the Chief Executive Officer of Bradespar S.A., where he also acted as Executive Officer (2003-2007) and Chief Technical Officer (2000-2003). He was the Chief Financial Officer of Nuclen – Nuclebrás Engenharia S.A. (currently Eletronuclear) between 1988 and 1990. He held several positions in the technical and financial areas of Furnas – Centrais Elétricas, where he acted as Financial Superintendent between 1983 and 1988. He has been a member of Valid’s Board of Directors since 2006 and is an alternate member of the Boards of Directors of Vale and Valepar. He was a member of the Boards of Directors of VBC Participações, VBC Energia, CPFL Energia, Companhia Paulista de Força e Luz, Companhia Piratininga de Força e Luz, CPFL Geração de Energia and RGE – Rio Grande Energia, where he was also Chief Executive Officer (1997-1998) and Chairman of the Board of Directors (2004-2006). He was a member of the Executive, Corporate Governance and Compensation Committees of CPFL Energia between 2004 and 2006 and a member of the Financial, Executive Development and Governance and Sustainability Committees of Vale S.A.
Marcílio Marques Moreira Board member 18 2 years
Mr. Marcílio Marques holds a bachelor’s degree in Diplomacy from the Rio Branco Institution, in law from the State University of Rio de Janeiro (UERJ) and master’s degree in political sciences from the Georgetown University, Washington, D.C. Mr. Marques has an extensive experience in the private and public sectors and he was the 3rd Secretary of the Ministry of Foreign Affairs (1954-1957) at the Brazilian Embassy in Washington, D.C. (1957-1963), at the Cabinet of the Ministry of Treasury (1963) and at the International Operations Department of the Brazilian Development Bank (BNDES) (1963-1965). Mr. Marques was the vice president at COPEG – Companhia Progresso do Estado da Guanabara (1965-1968) and president of CODESCO – Community Development Company – State Government of Guanabara (1968). Subsequently, he was Assistant Professor at UERJ (1968-1998), vice chairman and member of the Board of Directors at Unibanco (1968-1986), Minister of the State of Economy, Treasury and Planning (1991 -1992), Senior International Consultant at Merrill Lynch & Co. (1994-2005), president of the Trade Association of Rio de Janeiro (2001-2005) and member of the Board of Directors at BRASILPAR, PREVER, NOVOTEL, Club Mediterranée, IBM, Coca-Cola, R.J.Reynolds, Hoechst, GE, Textron and Embratel. Currently, Mr. Moreira is a managing partner at Conjuntura e Contexto – Consultoria Empresarial, member of the Public Ethical Commission of the Presidency of Republic, member of the Board of Directors at Sendas Distribuidora e da Cia. Cataguazes-Leopoldina, advisory council member at Marsh & McLennan Group of Companies and member of the Board of Directors at Valid S.A.
Bruno Constantino Alexandre dos Santos Board member 3 2 years
Mr. Santos holds a bachelor’s degree in Mechanical and Industrial Engineering from the Pontifical Catholic University of Rio de Janeiro. He holds an MBA in Corporate Finance from IBMEC. From 1997 to 1998, he worked as a trainee at the Esso Brasileira de Petróleo – EXXON GROUP. Between 1998 and 2000, he was Financial Analyst of Banco Icatu S/A, later in the position of Financial Analyst and Portfolio Manager at BTG Pactual and remained there from 2000 to 2010. From January to October 2010, he held the position of Portfolio Manager at Emerging Markets Management and is currently serving as executive partner at Graphus Capital.
Claudio Almeida Prado Board member 2 2 years
Mr. Prado is electronic engineer and master in computer science, both from the Polytechnical School of the University of São Paulo and he has been working at the Information Technology area over the past 25 years. Mr. Prado started his career as a researcher at the Integration Systems Laboratory at the University of São Paulo. He founded Pulso Tecnologia in 1989, a company operating in security solutions for the banking sector (and developed Brazil’s first Internet Banking solution in 1994). Between 2005 and 2011, Mr. Prado directed all the area that supports the Software Innovation and Development for the direct and indirect channels of Banco ABN Real and (subsequently) of Santander Group, where he was the CIO during the last three years. After working for Deutsche Bank (2011-2012) and Abril Group (2012-2016), he currently holds the position of Chief Executive Officer of Grupo Fleury S.A. He frequently provides lectures, specialization and graduation courses in Information Technology and its utilization in collaboration and mobility networks. He coordinated Febraban Technology Group, leading the mobile payment research. Former member of the Board of Directors at Pulso and Fonet.
Regis Lemos de Abreu Filho Board member 3 2 years
Mr. Regis Lemos de Abreu Filho is the Managing Partner of Tagus Investimentos and the manager responsible for its credit and stock funds. He worked as Senior Partner and CIO of Mercatto/Bozano Investimentos’ net funds for 15 years and was elected top Specialist Manager by Guia Exame (2006) and top Equity Fund Manager (2007). Mr. Abreu begun his career in 1991 at Banco BMG. Between 1992 and 1996, he worked at Montreal Bank and SRL, always in the investments management area.  From 1996 to 2000, he worked for Banco Bozano, Simonsen as an investment manager in the Asset Management area and, subsequently, as the executive responsible for the management and analysis teams of the Bank’s own share portfolio, where he remained until Banco Bozano, Simonsen was sold to Banco Santander.  Between 2000 and 2001, he was Head of Investment Management for Santander Brasil Asset Management (SBAM). Mr. Abreu is currently vice-president of the Capital Market Investors Association (Amec).  He was a member of Anbima’s Board of Executive Officers from 2007 to 2014. He holds a bachelor’s degree in Economics from the Candido Mendes University (UCAM) in Rio de Janeiro.

Conselho Fiscal

Fiscal Council

Valid’s Fiscal Council is a non-permanent body and may be installed by decision of the Shareholders’ Meeting or upon shareholders’ request, with the main duty of analyzing the Company’s Financial Statements. In 2012, the Company did not install a Fiscal Council. At the Extraordinary and Ordinary Shareholders‘ Meeting, the installation of the Fiscal Council was confirmed, upon request of shareholders representing more than 2% of the capital stock, pursuant to CVM Instruction 324 of January 19, 2000.

Name Position Date of Election Term of Office
Diogo Lisa de Figueiredo Fiscal Council Member 04/28/2017 1 year
Mr. Figueiredo is co-founder of Amazônia Capital, investment analyst and fund manager. Previously, he was partner and analyst at Rio Bravo Investimentos for six years and equity and derivatives sales trader at Ativa Corretora for three years. He holds a degree in business administration from Fundação Getúlio Vargas (FGV) and is CFA certified.
Vanderlei Dominguez da Rosa Fiscal Council Member 04/28/2017 1 year
Mr. Rosa holds a degree in accounting from Universidade Federal do Rio Grande do Sul and specialization in capital markets from Universidade Federal do Rio Grande do Sul and in cost accounting from Pontifícia Universidade Católica do Rio Grande do Sul. He has acted as member of Fiscal Councils since 2000 and is currently a sitting member of the Fiscal Council at the following companies: Valid Soluções e Serviços em Meios de Pagamentos e Identificação S.A., Odontoprev S.A., Weg S.A., Equatorial Energia S.A., Centrais Elétricas do Pará S.A. and Companhia Energética do Maranhão. He was executive partner at HB Audit – Auditores Independentes S/S between February 1994 and June 2016.
Murici dos Santos Fiscal Council Member 04/28/2017 1 year
Mr. Murici dos Santos is a lawyer and holds degrees in law (2007) and history (2002) from Universidade de Guarulhos. He has specialization in corporate law from FGV (2013/2014) and a continuing education degree in environmental law from ESA-OAB. He is Chairman of the Prerogative Commission and a member of the Ethics Commission of the Brazilian Bar Association, 290th Subsection – Mairiporã/SP and Coordinator of Escola Superior da Advocacia – ESA – 290th Subsection – Mairiporã/SP. Since 2001, he has worked as a consultant on corporate governance, providing business consulting and advisory services in the administrative, financial, corporate, and tax areas and has served in Boards of Directors and Fiscal Councils. In recent years, he has acted as sitting and alternate member of the Fiscal Council at the following companies: Tafibrás Participações S.A., Companhia Paranaense de Energia S.A.; Banco Nossa Caixa S.A.; Drogasil S.A.; Bicicletas Monark S.A.; M&G Poliéster S.A.; Santos Brasil S.A.; Medial Saúde S.A.; AES Tietê S.A.,Têxtil Renauxview S.A; Guararapes Confecções S.A; and Metalfrio Solutions S.A., among others. Currently Mr. Murici dos Santos is an alternate member of the Fiscal Council at Triunfo Participações e Investimentos S.A. (2014/2018), Rio Paranapanema S.A. (2014/2018), Rossi Residencial S.A. (2015/2018), Tarpon Investimentos S.A. (2016/2017); Profarma Distribuidora de Produtos Farmacêuticos S.A. (2017/2018) and a sitting member of the Fiscal Council at Valid Soluções e Serviços de Segurança em Meios de Pagamento e Identificação (2015/2018); Companhia Distribuidora de Gás do Rio de Janeiro – CEG (2017/2018) and Eucatex S.A. Industria e Comércio (2017/2018).

 

Comitês

Committees

Audit Statutory Committee

Name Position Years in the Board Term of Office
Marcílio Marques Moreira Board member 18 2 years
Mr. Marcílio Marques holds a bachelor’s degree in Diplomacy from the Rio Branco Institution, in law from the State University of Rio de Janeiro (UERJ) and master’s degree in political sciences from the Georgetown University, Washington, D.C. Mr. Marques has an extensive experience in the private and public sectors and he was the 3rd Secretary of the Ministry of Foreign Affairs (1954-1957) at the Brazilian Embassy in Washington, D.C. (1957-1963), at the Cabinet of the Ministry of Treasury (1963) and at the International Operations Department of the Brazilian Development Bank (BNDES) (1963-1965). Mr. Marques was the vice president at COPEG – Companhia Progresso do Estado da Guanabara (1965-1968) and president of CODESCO – Community Development Company – State Government of Guanabara (1968). Subsequently, he was Assistant Professor at UERJ (1968-1998), vice chairman and member of the Board of Directors at Unibanco (1968-1986), Minister of the State of Economy, Treasury and Planning (1991 -1992), Senior International Consultant at Merrill Lynch & Co. (1994-2005), president of the Trade Association of Rio de Janeiro (2001-2005) and member of the Board of Directors at BRASILPAR, PREVER, NOVOTEL, Club Mediterranée, IBM, Coca-Cola, R.J.Reynolds, Hoechst, GE, Textron and Embratel. Currently, Mr. Moreira is a managing partner at Conjuntura e Contexto – Consultoria Empresarial, member of the Public Ethical Commission of the Presidency of Republic, member of the Board of Directors at Sendas Distribuidora e da Cia. Cataguazes-Leopoldina, advisory council member at Marsh & McLennan Group of Companies and member of the Board of Directors at Valid S.A.
André Luiz Oda Board member 1 2 years
Mr. Oda holds a bachelor’s degree in Mechatronics Engineering from the Polytechnical School of the University of São Paulo (POLI-USP), with master’s degree and PhD in Finance from the School of Economics, Business and Accounting of the University of São Paulo (FEA-USP), and Specialization in Entrepreneurship from the Harvard Business School. He was a professor of Finance and Entrepreneurship at FEA-USP from 2002 to 2007 and, for four times, he received the best score in the teaching evaluation of the Administration Department. He created and supervised the Investment Funds Guide of the Finance Laboratory of FEAUSP for 15 years. He teaches specialization and graduate courses in Finance at institutions such as FIA, FIPE, FIPECAFI, Insper and IBGC. He has 20 years of professional experience in the areas of strategy, corporate finance, asset management, valuation, mergers and acquisitions. He worked as the executive in charge of Ambipar Group’s professionalization process from 2010 to 2013 and has occupied the positions of Chief Financial Officer, Chief Executive Officer and Chairman of the Board of Directors. He received the awards of “Revelation in Finance” from the Brazilian Institute of Financial Executives in 2005 and “The Outstanding Young Person” of the Junior Chamber International (Chapter Brazil) in 2006. Author of “Performance of Equity Funds” and coauthor of “Financial Calculation of Treasuries”, “Credit – Risk Analysis and Assessment” and “Tests for Certification in Finance” and several scientific papers. He was the angel investor of 99Motos (now Rapiddo) and is currently managing partner of Bitcoin Market.
Claudio Almeida Prado Board member 2 2 years
Mr. Prado is electronic engineer and master in computer science, both from the Polytechnical School of the University of São Paulo and he has been working at the Information Technology area over the past 25 years. Mr. Prado started his career as a researcher at the Integration Systems Laboratory at the University of São Paulo. He founded Pulso Tecnologia in 1989, a company operating in security solutions for the banking sector (and developed Brazil’s first Internet Banking solution in 1994). Between 2005 and 2011, Mr. Prado directed all the area that supports the Software Innovation and Development for the direct and indirect channels of Banco ABN Real and (subsequently) of Santander Group, where he was the CIO during the last three years. After working for Deutsche Bank (2011-2012) and Abril Group (2012-2016), he currently holds the position of Chief Executive Officer of Grupo Fleury S.A. He frequently provides lectures, specialization and graduation courses in Information Technology and its utilization in collaboration and mobility networks. He coordinated Febraban Technology Group, leading the mobile payment research. Former member of the Board of Directors at Pulso and Fonet.

Click here for the Audit Statutory Committee Regiment*

Compensation Statutory Committee

Name Position Years in the Board Term of Office
Regis Lemos de Abreu Filho Board member 3 2 years
Mr. Regis Lemos de Abreu Filho is the Managing Partner of Tagus Investimentos and the manager responsible for its credit and stock funds. He worked as Senior Partner and CIO of Mercatto/Bozano Investimentos’ net funds for 15 years and was elected top Specialist Manager by Guia Exame (2006) and top Equity Fund Manager (2007). Mr. Abreu begun his career in 1991 at Banco BMG. Between 1992 and 1996, he worked at Montreal Bank and SRL, always in the investments management area.  From 1996 to 2000, he worked for Banco Bozano, Simonsen as an investment manager in the Asset Management area and, subsequently, as the executive responsible for the management and analysis teams of the Bank’s own share portfolio, where he remained until Banco Bozano, Simonsen was sold to Banco Santander.  Between 2000 and 2001, he was Head of Investment Management for Santander Brasil Asset Management (SBAM). Mr. Abreu is currently vice-president of the Capital Market Investors Association (Amec).  He was a member of Anbima’s Board of Executive Officers from 2007 to 2014. He holds a bachelor’s degree in Economics from the Candido Mendes University (UCAM) in Rio de Janeiro.
Bruno Constantino Alexandre dos Santos Board member 3 2 years
Mr. Santos holds a bachelor’s degree in Mechanical and Industrial Engineering from the Pontifical Catholic University of Rio de Janeiro. He holds an MBA in Corporate Finance from IBMEC. From 1997 to 1998, he worked as a trainee at the Esso Brasileira de Petróleo – EXXON GROUP. Between 1998 and 2000, he was Financial Analyst of Banco Icatu S/A, later in the position of Financial Analyst and Portfolio Manager at BTG Pactual and remained there from 2000 to 2010. From January to October 2010, he held the position of Portfolio Manager at Emerging Markets Management and is currently serving as executive partner at Graphus Capital.
Luiz Maurício Leuzinger Board member 9 2 years
Mr. Leuzinger holds a bachelor’s degree in Electrical Engineering from the National School of Engineering (currently UFRJ) and a master’s degree in Electrical Engineering from the Illinois Institute of Technology, Chicago, USA. He also completed the Economic Engineering course of the Illinois Institute of Technology and the Financial Management program of the Fundação Getúlio Vargas (FGV-RJ). From 2012 to 2015, he was the Chief Executive Officer of Bradespar S.A., where he also acted as Executive Officer (2003-2007) and Chief Technical Officer (2000-2003). He was the Chief Financial Officer of Nuclen – Nuclebrás Engenharia S.A. (currently Eletronuclear) between 1988 and 1990. He held several positions in the technical and financial areas of Furnas – Centrais Elétricas, where he acted as Financial Superintendent between 1983 and 1988. He has been a member of Valid’s Board of Directors since 2006 and is an alternate member of the Boards of Directors of Vale and Valepar. He was a member of the Boards of Directors of VBC Participações, VBC Energia, CPFL Energia, Companhia Paulista de Força e Luz, Companhia Piratininga de Força e Luz, CPFL Geração de Energia and RGE – Rio Grande Energia, where he was also Chief Executive Officer (1997-1998) and Chairman of the Board of Directors (2004-2006). He was a member of the Executive, Corporate Governance and Compensation Committees of CPFL Energia between 2004 and 2006 and a member of the Financial, Executive Development and Governance and Sustainability Committees of Vale S.A.

Click here for the Compensation Statutory Committee Regiment*