Board of Directors
The Board of Directors is composed of 9 full members (including two independents members) and 3 alternate members. During its evaluation process, the Board will determine whether its current size is adequate to meet its needs. The Board meets every two months, and its general functions are to determine strategic guidelines, monitor executives and evaluate the company‘s performance. In addition to its legal duties, the Board is responsible for approving the company‘s principal investment decisions.
The table below shows the elected members of the Company’s Board of Directors and their name, position and election date:
| Name | Positions | Date of Election |
|---|---|---|
| Marco Antônio Cassou | President | 04.17.2025 |
| Stefano Mion | Full Member | 04.17.2025 |
| Beniamino Gavio | Full Member | 04.17.2025 |
| Umberto Tosoni | Full Member | 04.17.2025 |
| Alberto Gargioni | Full Member | 04.17.2025 |
| Eros Gradowski Junior | Full Member | 04.17.2025 |
| Ricardo Bisordi de Oliveira Lima* | Full Member | 04.17.2025 |
| Stefano Mario Giuseppe Viviano | Full Member | 04.17.2025 |
| Sonia Aparecida Consiglio* | Full Member | 04.17.2025 |
(*) Independent Director: the selection of the independent directors has as a parameter the criteria recommended by the IBGC
| Name | Positions | Date of Election |
|---|---|---|
| Luís Miguel Dias da Silva Santos | Alternate Member | 04.17.2025 |
| Jorge Luiz Mazeto | Alternate Member | 04.17.2025 |
| Paolo Pierantoni | Alternate Member | 04.17.2025 |
Resumes of the members of the Company’s Board of Directors are presented below:
Marco Antonio Cassou: Holds a degree in Civil Engineering from the Federal University of Paraná (UFPR) and a master’s degree in Business Administration from Stanford University, California, United States. Previously served as Production Manager at Alusan Indústrias Químicas; Administrative and Finance Director and Chief Executive Officer of Britanite Indústrias Químicas; President of the Chemical Industries Union of the State of Paraná; and Civil Engineer, Co-Technical Officer, Commercial Director, and Chief Executive Officer of CR Almeida S.A. Engenharia e Construções. Currently serves as a member of the Board of Directors of Primav S.A.
Stefano Mion: Graduated in Business Administration from Università Commerciale Luigi Bocconi, Italy, in 2000, and holds a postgraduate MBA in Business Administration from The Wharton School of Business. Has served on the boards of companies including Autopista Vespucio Norte, Túnel San Cristóbal, Skyline Renewables, ASTM, 2i Rete Gas, SEA Milan Airports, and Ardian. Previous experience includes roles at Merrill Lynch in London as part of the European Leveraged Finance Team, at UBS Investment Bank in Milan in the Corporate Finance Team, and earlier at J.P. Morgan in London for three years.
Beniamino Gavio: Graduated in Economics from an American university. Holds various positions within the Gavio Group, which operates in the motorway concessions, construction and engineering, transport and logistics, technology, and nautical sectors. Currently serves as Chairman of Aurelia S.r.l. (the Gavio family holding company) and Nuova Argo Finanziaria S.p.A., as well as a member of the Board of Directors of ASTM S.p.A. Also serves as Chairman of Baglietto, a historic Italian yacht-building brand, and as Director of several other companies operating in the transport, logistics, services, and sports sectors.
Umberto Tosoni: Graduated in Management Engineering from the University of Rome Tor Vergata, with a specialization in Transport Planning. After beginning a professional career at EEMS S.p.A. (formerly Texas Instruments), gaining significant experience in Italy and abroad, held various positions starting in the technology sector, where, within a few years, became Chief Executive Officer of Sinelec, the ASTM Group’s technology hub. Subsequently moved to the motorway concessions sector, serving as Chief Executive Officer of SATAP, Torino–Milano, Autostrada dei Fiori, Autostrada Asti–Cuneo, and SITAF Traforo del Fréjus. In 2018, was appointed Chief Executive Officer of SIAS S.p.A., the Group’s holding company in the sector, listed on the Milan Stock Exchange. Following SIAS’s merger into ASTM in December 2019, was appointed Chief Executive Officer of ASTM. Also serves as Vice Chairman of AISCAT, the Italian Association of Motorway and Tunnel Concessionaires.
Alberto Gargioni: Graduated in Business Administration from Bocconi University, Italy, in 1996, and completed an MBA at POLIMI Graduate School of Management of Politecnico di Milano in 1999. Began a professional career as an auditor at KPMG in 1996 and subsequently joined Lazard, where various positions were held in investment banking, ultimately reaching the role of Director. Between 2006 and 2015, served as Managing Director and Partner at the investment bank Leonardo & Co., and between 2015 and 2019, as Head of Mergers and Acquisitions for Continental Europe (Italy, France, and Germany) at Santander Corporate and Investment Banking. Served as Chief Financial Officer (CFO) of Nuova Argo Finanziaria S.p.A. from May 2019 to September 2020 and, in September 2020, was appointed Chief Financial Officer of the ASTM Group. Currently also serves as a member of the Board of Directors of several ASTM Group subsidiaries.
Eros Gradowski Junior: Graduated in Law from the Curitiba Law School in 1986, with specific academic qualifications in Criminology, Executive Criminal Law, and Economic Criminal Law, and completed a postgraduate degree at PUC-PR in 1990, with a focus on Higher Education Teaching Methodology in Law. Served as Professor of Civil and Commercial Law at PUC-PR from 1989 to 2001 and at the Paraná School of Magistracy from 1995 to 1997, teaching the same subjects. Has practiced law before the state and federal courts of Paraná, Rio Grande do Sul, Santa Catarina, Pará, and Amapá. Currently serves as a member of the Board of Directors of Primav Construções e Comércio S.A., an indirect minority shareholder of EcoRodovias, and, from April 2014 to June 2021, served as an alternate member of the Board of Directors of EcoRodovias.
Ricardo Bisordi de Oliveira Lima: Civil Engineer graduated from the Polytechnic School of the University of São Paulo, with postgraduate studies in Finance from EPGE/FGV-RJ and in Business Administration from the University of California, Berkeley, United States. Brings over 30 years of experience as a senior executive in infrastructure companies, with involvement in more than 25 mergers and acquisitions transactions. Experience also includes the structuring and negotiation of financial transactions for large-scale projects. Since 1999, has served as a board member and chairman of companies in the airports, toll roads, ports, oil and gas, and retail sectors, in Brazil and abroad. Also active in business strategy development, team building, wealth management through family offices, and startup investing.
Stefano Mario Giuseppe Viviano: Graduated in Business and Administration from Bocconi University, Italy, in 2000. Served as Auditor at KPMG S.p.A. from September 2000 to March 2002, Senior Internal Auditor at Mediaset S.p.A. from March 2002 to September 2005, Finance Manager at Argo Finanziaria S.p.A. from September 2005 to July 2013, and Group Chief Financial Officer and Board Member of Argo Finanziaria S.p.A. from July 2013 to April 2018. Also served as a member of the Board of Directors of ASTM S.p.A. from April 2013 to November 2018 and as Chief Financial Officer of SIAS S.p.A. from April 2018 to December 2019. Since January 2020, has served as Head of Finance of the ASTM Group and, since August 2016, as Chief Executive Officer of Igli S.p.A. In addition, has served and continues to serve as a board member of several ASTM Group subsidiaries, including EcoRodovias Infraestrutura e Logística S.A.
Sonia Aparecida Consiglio: Journalist and radio broadcaster, with more than 30 years of experience in sustainability, communications, and private social investment, including positions at BankBoston, Febraban, Itaú Unibanco, and B3. In 2016, was recognized by the United Nations Global Compact as an “SDG Pioneer,” one of ten individuals worldwide — and the first Brazilian woman — acknowledged for advancing the Sustainable Development Goals (SDGs). Serves as a Board Member and as a member of Sustainability Committees at several organizations, and is also Leader of the ANBIMA Sustainability Network, member of the Sustainability Committee of Grupo Conselheiras, the Advisory Committee of the UN Global Compact’s “Elas Lideram 2030” movement in Brazil, the Advisory Board of BrazilFoundation, the Technical Board of Instituto Ekos Brasil, and the Fiscal Council of the Brazil Climate, Forests and Agriculture Coalition. Also serves as a professor at IBGC – Brazilian Institute of Corporate Governance, FIA Business School, and Aberje School of Communication. Columnist for Valor Investe, LinkedIn Top Voice in Sustainability, and author of the books #vivipraver – A história e as minhas histórias da sustentabilidade ao ESG, #sobrevivi – o que li, aprendi e vivi no meu luto, #vivipraver2 – 5 anos de coluna no Valor Investe, and De Executiva a Conselheira – Você também pode!, published by Editora Heloísa Belluzzo. Previously served as Officer at B3 and Chair of the Deliberative Council of the ISE – Corporate Sustainability Index for ten years (2009–2019), Vice Chair of the Advisory Board of CDP (2018–2024), Chair of the Board of the UN Global Compact Network Brazil (2017–2019), Chair of the Advisory Board of GRI Brazil (2020–2022), and member of the Stakeholder Council of GRI – Global Reporting Initiative, Amsterdam (2013–2015).
Luís Miguel Dias da Silva Santos: Holds a degree in Business Administration and Management from the Portuguese Catholic University in Lisbon, Portugal. Previously served as Board Member and Chief Financial Officer of the Somague Group in Portugal and as Deputy Chief Financial Officer of Sacyr in Spain until 2007. From 2007 to 2016, served as Board Member and Chief Financial Officer of the Portuguese group SGC and, during the same period, after 2011, as Chairman of the Board of Directors of Unidas S.A. in Brazil. Has served as a Board Member of Ascendi, SGPS, S.A. and its subsidiaries since 2016 and as Chairman since 2017. Ascendi is a Portuguese holding company controlling seven toll road concessions in Portugal and Spain. Ascendi SGPS, S.A. is controlled by Ardian, France, which indirectly holds an interest in EcoRodovias. In Portugal, also serves in service-sector and third-sector organizations as a board member or managing director, including Santa Casa da Misericórdia da Vila da Chamusca, PBSS – Gestão de Activos e Consultoria Administrativa e de Gestão, Lda., Galeria de Arte São Mamede, Lda., and Fundação de Serralves.
Jorge Luiz Mazeto: Graduated in Accounting from Faculdade Católica de Administração e Economia (FAE) and holds a law degree from the Curitiba Law School. Has served on Fiscal Councils and Forensic Audit Committees of several companies, including the C.R. Almeida Group, the Zugman Group, and Ouro Verde S.A. Currently involved in M&A projects and provides business advisory services in the accounting, tax, commercial law, corporate law, and civil law areas. Also advises companies undergoing spin-offs, mergers, and partial or total equity restructuring, covering both corporate and tax legal matters as well as accounting issues.
Paolo Pierantoni: Holds a Bachelor of Science degree in Engineering from the University of Genoa, Italy, obtained in 1982. Previously served as Chief Executive Officer of Autostrada Torino Savona S.p.A. (from November 2012 to April 2017), Autocamionale della Cisa S.p.A. (from March 2001 to April 2017), and SALT S.p.A. (from January 2002 to April 2017), as well as Vice Chairman of AISCAT – the Italian Association of Motorway and Tunnel Concessionaires (from April 2009 to December 2018). Also served as Director of Primav Infraestrutura S.A., Igli S.p.A., and Argo Finanziaria S.p.A. until April 2019, and of SIAS S.p.A., where responsibilities also included serving as Chief Executive Officer from April 2009 to 2018 and as Chairman from 2018 to December 2019. Currently serves as Chief Executive Officer of Tangenziale Esterna S.p.A. and Tangenziali Esterne di Milano S.p.A., as well as Chairman of SAV S.p.A. and SINA S.p.A.
Executive Board
The table below shows each executive officer of the Company and their name, position and election date:
| Name | Positions | Date of Election |
|---|---|---|
| Marcello Guidotti | Chief Executive Officer and Investor Relations Officer | 05.08.2025 |
| Rodrigo José de Pontes Seabra Monteiro Salles | Corporate VP | 05.08.2025 |
| Roberto Borges Paiva | Technical VP | 05.08.2025 |
| Andrea Fernandes | Head of Corporate Finance | 05.08.2025 |
| Fabio Trugillo | Head of Planning and Controls | 05.08.2025 |
Resumes of the Company’s executive officers are presented below:
Marcello Guidotti: Holds a degree in Economics from the University of Bologna, Italy, an Executive MBA from Insper, and completed Stanford University’s Executive Program in 2014. Built a career in administration and finance across several infrastructure and concessions projects in Latin America. Currently serves as Chief Executive Officer of EcoRodovias, having previously held the positions of Chief Financial Officer and Investor Relations Officer of the Company. Has been with the EcoRodovias Group since 2002.
Rodrigo José de Pontes Seabra Monteiro Salles: Corporate Vice President of EcoRodovias. Brings a solid executive track record, with more than 20 years of experience in leadership positions across companies from different sectors and ownership structures. Prior to joining EcoRodovias, spent more than a decade as an executive of companies within the Novonor Group, including service on the boards of directors of Braskem and OTP. Holds a law degree from the Pontifical Catholic University of São Paulo and an MBA from IBMEC-SP, as well as an AMP from INSEAD.
Roberto Borges Paiva: Has worked in the infrastructure sector since 1983, assuming executive positions from 2002 onward at companies such as Via Engenharia and Techint Eng. & Const., in addition to serving as Chief Executive Officer of Itinera Construções from 2016 to 2022. Holds a degree in Civil Engineering from Veiga de Almeida University in Rio de Janeiro, a specialization in Production Engineering from FV/USP completed in 1994, and an Executive MBA from FIA/FEA/USP, with an international immersion program at Vanderbilt University, United States, completed in 1996.
Andrea Fernandes: Executive with more than 20 years of experience in corporate finance, capital structure, and investor relations, with a track record at companies such as EcoRodovias, Suzano, and AES Eletropaulo (currently Enel). Previously served as a member of the Board of Directors of CEMIG for four years. Currently serves as the executive officer responsible for Corporate Finance, Investor Relations, and ESG at EcoRodovias Infraestrutura e Logística. Holds a degree in Business Administration, a postgraduate qualification in Finance from Fundação Getulio Vargas, and an MBA in Finance from Ibmec (currently Insper).
Fabio Trugillo: Executive with 17 years of experience at the Company, currently serving as Planning and Control Officer. Brings solid experience in the financial area, with prior positions at companies such as Philip Morris, AES Eletropaulo (currently Enel), and GP Investimentos. Holds a degree in Business Administration and specialization in Corporate Finance from the University of Virginia (Darden School of Business), in addition to MBAs in Finance and Control from Fundação Getulio Vargas (FGV) and in Strategy from FIA – Fundação Instituto de Administração. Academic background is further complemented by the CFO Program at SDA Bocconi School of Management (2025). Leads the Company’s financial strategy, with a focus on sustainable value creation in the short and long term. Also responsible for the digital transformation and artificial intelligence agenda, leading the integration of advanced technologies into business strategy and financial management. In addition, oversees risk management, the strengthening of internal controls, and the compliance agenda.
Fiscal Council
The table below shows the elected members of the Company’s Fiscal Council and their name, position and election date:
| Name | Positions | Election Date |
|---|---|---|
| Sérgio Tuffy Sayeg | Full Member | 04.16.2026 |
| Paulo Sergio Aldrighi | Full Member | 04.16.2026 |
| José Boeing | Full Member | 04.16.2026 |
| João Alberto Gomes Bernacchio | Alternate Member | 04.16.2026 |
| José Dimas Gurgel | Alternate Member | 04.16.2026 |
| Eduardo Georges Chehab | Alternate Member | 04.16.2026 |
Resumes of the members of the Company’s Fiscal Council are presented below:
Sérgio Tuffy Sayeg: Graduated in Business Administration and holds a postgraduate degree in Capital Markets from the School of Economics, Business Administration and Accounting of the University of São Paulo. Serves as a professor in MBA, postgraduate, and executive education programs at Insper, FIA Business School, Ibmec, and institutions in the financial and capital markets. Holds Experience-Based Certifications from IBGC – the Brazilian Institute of Corporate Governance for Board of Directors Member, Fiscal Council Member, and Audit Committee Member, and previously obtained the CNPI – National Certification of Investment Professionals from APIMEC – the Association of Capital Markets Analysts and Investment Professionals, as well as ANBIMA Professional Certification – Series 20. Has been active in the financial, capital markets, and corporate sectors since 1976, having served as an executive and director at Unibanco, Banco London Multiplic, Banco Safra, Seller DTVM, Banco Fibra, Dresdner Asset Management, the São Paulo Stock Exchange, SABESP – São Paulo State Basic Sanitation Company, and FIRB – Financial Investor Relations. Currently serves as Independent Member of the Board of Directors of Minupar Participações S.A. (2026–present) and served on the Board of Directors of Oliveira Trust S.A. (2021–2026). Also serves as Fiscal Council Member of EcoRodovias Infraestrutura e Logística S.A. (2018–present), Banco Pine S.A. (2022 and 2024–present), CSU Digital S.A. (2008–2016, 2018–2021, 2026–present), Gafisa S.A. (2024–present), Westwing Comércio Varejista S.A. (2025–present), and Indústria de Motores Anauger S.A. (2025–present). Served as a member of the Statutory Audit Committees of Enauta Participações S.A. (2022–2024), Grupo Educacional Multivix (2021–2024), São Paulo Turismo S.A. (2018–2023), Companhia de Engenharia de Tráfego (2018–2023), and Banco GM S.A. – Chevrolet Serviços Financeiros (2012–2018). Previously served on the Board of Directors of Investimentos e Participações em Infraestrutura S.A. – INVEPAR (2017) and Lojas Salfer S.A. (2007–2009), and as Fiscal Council Member of Companhia de Saneamento de Minas Gerais – COPASA (2018–2023), Enauta Participações S.A. (2014–2019, 2021), Linx S.A. (2018–2021), Eldorado Brasil Celulose S.A. (2017), Cia. Providência Indústria e Comércio (2012–2015), Marfrig Global Foods S.A. (2010 and 2012), and CR Almeida S.A. Engenharia e Construções (2011–2015). Also serves as a member of KPMG’s Audit Committee Institute, the EY Board Members Program, the Deloitte Boardroom Program, and the IBGC Communications and Capital Markets and Certification Committees. Previously served as a member of the Board of Directors (2003–2008) and as Vice Chair of the International Committee of IBRI – the Brazilian Investor Relations Institute.
Paulo Sergio Aldrighi: Holds a degree in Mechanical Engineering from the School of Engineering of Fundação Armando Álvares Penteado (FAAP), obtained in 1980, a postgraduate degree in Financial Administration from Faculdade de Administração e Ciências Econômicas Santana, completed in 1982, and a specialization in Sports Management from Faculdade Trevisan and Brunoro & Cocco, completed in 2002. Served as advisor to the Underwriting Department of Banco Itaú de Investimento S.A. from September 1983 to May 1984, supporting the transaction structuring division, and subsequently, until December 1985, as Underwriting Manager. Thereafter, served as Deputy Director at Banco Multiplic S.A. until December 1991, as Deputy Investment Director at Banco Investcorp S.A. from February 1992 to January 1993, as Deputy Investment Director at Banco Atlantis S.A. between May 1993 and December 1994, and as Deputy Director of Capital Markets at Banco Fibra S.A. from January 1995 to February 1999. Between September 1999 and November 2001, served as Corporate Finance Manager at Bank of America Liberal S.A. In December 2001, became an independent consultant to professional football clubs, with assignments for Ponte Preta as Advisor to the Presidency on the planning and implementation of business strategies focused on potential revenue streams, for Coritiba Foot Ball Club in the analysis of a proposed initial public offering structure for a sports company, and for Botafogo de Futebol e Regatas in the preparation of business plans for the envisioned sports entities. Between January 2004 and January 2006, served as General Superintendent and Liquidator of Bolsa de Valores Regional, and from February 2006 to January 2010, as Regional Manager at BM&FBOVESPA. Became a partner of IGD Express Gráfica Digital Ltda. in March 2011, remaining until July 2014, served as alternate member of the Fiscal Council of CR Almeida S.A. – Engenharia e Construções from 2011 to 2015, as Chief Executive Officer of Dentalmaster Comércio de Planos Odontológicos Ltda. from December 2014 to September 2017, and as Administrative Superintendent of JN Maxi Corretora de Câmbio Ltda. from March 2018 to September 2019. Currently serves as a consultant at Paldrx Consultoria Ltda., alternate member of the Fiscal Council of Banco Pine S.A., alternate member of the Fiscal Council of CSU Digital S.A., and, since 2018, member of the Fiscal Council of EcoRodovias Infraestrutura e Logística S.A.
José Boeing: Holds a degree in Accounting from the Federal University of Santa Catarina (UFSC). Began a career in auditing as a trainee and progressed to the position of Audit Director. Was a founding partner of MOORE CWB Auditores Independentes S/S. Currently acts as sole partner of a limited liability professional services firm and works predominantly as an accounting and tax consultant to companies across a wide range of industries, including on matters related to corporate reorganizations.
João Alberto Gomes Bernacchio: Holds a degree in Business Administration from Fundação Armando Alvares Penteado (FAAP). Previously served as a member of the Board of Directors and the Audit Committee of EcoRodovias Infraestrutura e Logística S.A., Ecoporto Santos S.A., and Primav Infraestrutura S.A. Also served as Chief Executive Officer of Concessionária do Monotrilho da Linha 18 Bronze S.A. Formerly served as Chairman of ABAMEC-SP – the Brazilian Association of Capital Markets Analysts, Vice Chairman of ABAMEC Nacional, member of the Ethics Council of IBRI – the Brazilian Investor Relations Institute, member of the Higher Self-Regulation Council of ANBID – the National Association of Investment Banks, Capital Markets Director of IBEF-SP – the Brazilian Institute of Finance Executives, member of Working Subgroup 4 of the Central Bank of Brazil for Mercosur financial matters, and member of the BOVESPA Mais IPO Committee. Previous board experience also includes service on the Board of Directors of Cambuci S.A. – Penalty and IBQ – Indústrias Químicas S.A., as well as on the Fiscal Council of Lacta S.A. Indústria de Chocolates, Locaweb Serviços de Internet S.A., and Enauta S.A. Also held executive positions at several banks and companies, including Itaú, First Chicago-Denasa, Citibank N.A., Schahin Cury, Ford do Brasil, EcoRodovias, and Grupo CR Almeida.
José Dimas Gurgel: Graduated from Faculdade de Tecnologia de São Paulo with a degree in Project Technology, with specializations in Business Administration from Universidade Mackenzie and in Controllership from FGV-SP. Worked in the Cost and Controllership areas of several divisions of the Degussa Group and participated in various mergers, spin-offs, start-ups, and closures of group companies, including Cerdec, Asta Médica, Dental, Coimpa, Clarex, and Icomeq, across the precious metals metallurgy, chemicals, pharmaceuticals, and dental segments. In 2000, played an active role in the spin-off of Degussa-Hüls’s precious metals unit, which led to the creation of DMC2, later acquired by the American group OMG and subsequently by the Belgian multinational Umicore, whose initial structure concentrated activities in precious metals metallurgy and metallochemistry, automotive catalysts, recycling, recovery, and precious metals refining. At Umicore, held positions in Costs and Controllership and, for a period, was also responsible for Budgeting, Planning, and Logistics in Brazil for the Guarulhos and Manaus units, while providing support to the plants in Americana (São Paulo), Joinville, and Argentina. In 2018, devoted exclusive attention to the complex project involving the relocation of the Guarulhos plant to Americana, São Paulo. Has served as an alternate member of the Fiscal Council of EcoRodovias Infraestrutura e Logística S.A. since April 2019.
Eduardo Georges Chehab: Civil Engineer graduated from the Polytechnic School of the University of São Paulo (USP), with a postgraduate degree in Business Administration from FGV and an MBA in Finance from Insper. Over the past twelve years, has served on the boards of directors and fiscal councils of both publicly held and privately held companies. Previously built a career of more than 30 years in the financial market, including 20 years as an executive in corporate credit at ABN AMRO Real and WestLB, as well as Director of Ratings and Corporate Governance Score at Standard & Poor’s.