Corporate Governance

Organizational Structure [Backup]

Management

Meeting the highest standards of corporate governance, Embraer's Management is made up of the Board of Directors and its three advisory committees (Strategy Committee, Audit and Risk Committee and Human Resources Committee), the Fiscal Board and the Board of Executive Officers. Below we present the names, positions and brief biographical information of the Management members.

 

Board of Directors

Our Board of Directors meets in regular sessions eight times a year and in extraordinary sessions when called by the President or by a majority of its members. It is the body responsible, among others, for establishing our general business policies and for electing our executive officers, as well as for overseeing the management of the same.

Among the members of the Board, seven are independent according to the criteria defined in the Novo Mercado Rules, which are (i) has no ties to the Company except for owning an equity share of its capital stock; (ii) is not a Controlling Shareholder, the Controlling Shareholder’s spouse or a relative to the second degree, is not or has not been linked in the last 3 (three) years to a company or entity with ties to the Controlling Shareholder (this restriction does not apply to people linked to governmental institutions of education and research); (iii) has not been a senior manager of the Company or employed by or worked for the Company, the Controlling Shareholder or any other company controlled by the Company; (iv) is not a direct or indirect supplier or purchaser of the Company’s services or products or both, to a degree that results in loss of independency; (v) is not an employee or manager of a company or entity that supplies services or products or both to, or buys these from, the Company; (vi) is not a spouse or a relative to the second degree of any senior manager of the Company; (vii) does not receive any compensation from the Company except for that related to its activities as member of the Board of Directors (this restriction does not apply to cash from equity interests in the capital stock)

Click here to access the Internal Regulations of the Board of Directors

Mr. Silva holds a BS in Mechanical Engineering from PUC Rio de Janeiro. In his 40-year career, he has occupied positions in several areas, including 22 years as a CEO. Mr. Silva was CEO of GE in Brazil from 2001 to 2007 and since then, Mr. Silva has occupied positions on boards of directors of various companies. Mr. Silva is Chairman of the Board of Directors of Embraer and an independent board member at Fibria Celulose, Votorantim Cimentos, Ultrapar and Nitroquímica. Mr. Silva is a Pro Bono Board member of the American Chamber of Commerce since 2003. Mr. Silva is an independent member of the Board of Directors of Embraer and a member of the Human Resources Committee and the Strategies Committee.
Mr. Salles Pinto has been CEO of Bozano Group since 2011 and he was an Executive Officer from 2000 to 2010. From 1988 to 2000, he worked at several companies of Banco Bozano, Simonsen S.A. He was originally elected to the Board of Directors of Embraer in April 2009 and he is an independent member, being a member of the Human Resources Committee and coordinator of the Audit and Risk Committee. Mr. Salles Pinto earned undergraduate degrees in Economics and Electrical Engineering from the Center of Unified Teaching of Brasília (CEUB) and the University of Brasília (UnB), respectively. He holds a Master’s degree in Economics from Fundação Getúlio Vargas—Rio de Janeiro (EPGE) and a Master’s degree in Administration from the Catholic University of Rio de Janeiro (PUC). Mr. Salles Pinto is the Chairman of the Board of Directors of Bozano Investimentos Gestora de Recursos, a member of the Board of Directors of Azul Linhas Aéreas and Vice-President of the Board of Directors of Ouro Preto Óleo e Gás.
Mr. Magalhães Filho has a degree in accounting sciences, with a specialization in budget performance. He has been an employee of Embraer since 1986, where he has held the following positions: 1986 to 2008, Budget Supervisor, Assistant Controllership Officer, and Pricing and Economic Planning Manager; 2008 to 2010, Costs Manager2011 to 2016, Tax, Cost and Accounting Procedures Manager, and he is in charge of cost, accounting and tax procedures, including products and services costing, accounting for 29 companies, controllership and IFRS accounting consolidation for 50 companies in the Embraer group, and tax operations. His current position is Financial Processes Manager. Mr. Magalhães Filho sat on the Fiscal Council of : (i) Banco do Brasil Previdência Privada (BBPREV) from 1997 to 2009; (ii) Embraer Prev – Sociedade de Previdência Complementar from 2010 to 2012, being reelected for the period 2015 to 2018; (iii) Instituto Embraer de Educação e Pesquisas, since 2001; and (iv) Cooperativa dos Empregados da Embraer (Cooperemb) from 2009 to 2011, was elected to the Board of Directors for the 2015-2017 term. Mr. Magalhães Filho was an alternate director for the representative of the Embraer Employees Investment Club (CIEMB) on the Board of Directors of Embraer from 2013 to 2015, was elected as an acting director for the 2015-2017 term and has been nominated by Embraer’s employees to be reelected for the 2017–2019 term.
Ms. Siqueira holds a degree in education and an MBA in General Business – Top Executives and Pension Plan Management, as well as a master’s degree in business management. She has been an employee of BB since 1979, where she has held the following positions: 1979 to 2002, various positions; 2002 to 2010, Chief Planning Officer, and currently Chief Administrative Officer. Ms. Siqueira served on the Board of Directors of Neoenergia from 2002 to 2005, where she also acted as Coordinator of the HR Committee. From 2005 to 2008, Ms. Siqueira served as Vice Chairman of the Board of Directors of CPFL Energia, where she also acted as Coordinator of the HR Committee. She served as a director of Embraer from 2008 to 2011, where she also sat on the Strategies and Risk Committee. Ms. Siqueira also sat on the Board of Directors of Sauípe S.A. from 2011 to 2013. Ms. Siqueira is an independent member of the Board of Directors of Embraer and a member of the Human Resources Committee.
Dejair Losnak Filho holds a Bachelor's Degree in Law from the Universidade do Vale do Paraíba in São José dos Campos, in 2011; holds a post-graduate degree in Social Security and Labor Law, by UNISAL, in 2013; holds a post-graduate degree in Social Security Law from Faculdade Legale, in São Paulo; and a course for Members of the Board of Directors by the Instituto Brasileiro de Governança Corporativa (IBGC) in November and December 2017 Mr. Losnak was elected in 2017 a member of the Board of Directors of Embraer S.A.by representatives of non-shareholders, and has been Programmer of Production of the company since 2003.
Mr. Vainboim was a member of the Board of Directors of Itaú Unibanco S.A. from 2009 to April 2015. He is a member of the Board of Directors of Cia. Iochpe-Maxion, member of the Board Council of MAM (Museu de Arte Moderna de São Paulo), member of the Board of Alfredo Volpi of Modern Art Institute, member of the Board of MASP, Vice-President of the Board of Albert Einstein Hospital in São Paulo and Chairman of the Board of the Brazilian-Israeli Chamber of Commerce. Mr. Vainboim served at Unibanco in various capacities since 1969. Mr. Vainboim was also the President of Unibanco from 1988 to 1992 and member of its Board of Directors until 2008. Mr. Vainboim was president of Unibanco Holdings S.A. from 1994 to 2007, Chairman of the Board of Directors and President of the Audit Committee of Unibanco Holdings S.A. from 2007 to February 2009. He was first elected to the Board of Directors of Embraer in April 2009 and he is an independent member. Mr. Vainboim earned an undergraduate degree in Mechanical Engineering from the Federal University of Rio de Janeiro and holds an MBA from Stanford University.
Mr. Cox has a degree in economics from the Federal University of Bahia and extended his postgraduate studies in economics at the Université du Québec in a Montréal Quebec, Canada, and the College of Petroleum Studies at Oxford University. He currently serves as Chairman of the board of directors of Estácio Participações S.A. and as a member of the boards of directors of Linx S.A., and Braskem S.A. He is a founding partner and managing director of Cox Investiments & Advisory. Between 2006 and 2010, Mr. Cox served as CEO and vice-chairman of Claro. In 2005, he was the vice-chairman of the board of directors of Cellcom Israel. He served as CFO and investor relations of Telemig Celular Participações and Tele Norte Celular Participações from April 1999 to August 2004 and also CEO of Telemig Celular and Amazonia Celular from August 2002 to August 2004. In addition, Mr. Cox has served as a member of the boards of directors of certain companies in Brazil, Argentina, Holland and Israel. He served as a board member of the CRSFN - National Financial System Resources Council, ABRASCA (Brazilian Association of Publicly Held Companies) and IBRI (Brazilian Institute of Investors’ Relations). Mr. Cox is an independent member of the Board of Directors of Embraer, also acting as a head of the Governance and Human Resources Committee and member of the Audit and Risks Committee.
On April 8, 2016, Mr. Araújo was appointed as Economic and Finance Secretary of the Brazilian Air Force (Secretaria de Economia, Finanças e Administração da Aeronáutica). He served as Chief of Staff for the Brazilian Air Force command from April 20, 2012 to April 8, 2016, as Commander of the Brazilian Air Force Training and Adaptation Center (Centro de Instrução e Adaptação da Aeronáutica) from April 7, 2011 to April 12, 2012 and as head of the Brazilian Air Force Congressional Support (Assessoria Parlamentar da Aeronáutica), from July 17, 2008 to April 7, 2011. Mr. Araújo completed several academic courses, including the Official Airmen Training Course at the Brazilian Air Force Academy in Pirassununga, SP in 1980, the Aerospace Policy and Strategy Course, the Command and Staff Course and an MBA in Strategic Institutional Management in 2006. Mr. Araújo is the acting director of Embraer, appointed by the Brazilian federal government, through the government’s ownership of the “golden share”.

Maria Letícia de Freitas Costa holds a degree in Production Engineering from Polytechnical School of the University of São Paulo in 1982, and a MBA from Samuel Curtis Johnson School of Business, Cornell University, in 1986. Mrs. Costa is a partner at Prada Assessoria Empresarial Ltda., since 2010; member of the Board of Directors of Localiza S.A., since 2009; member of the Board of Directors of RBS Mídia, since 2016; member of the Board of Directors of BB Mapfre, since 2015; member of the Board of Directors of Mapfre S.A., since 2015; member of the Board of Directors of Martins S.A., since 2014; member of the Board of Directors of Totvs S.A.; member of the Audit Committee of Votorantim Cimentos, since 2015; member of the Audit Committee of Votorantim Metais (VMH and CBA), from 2015 to 2017; Post graduation Director of the Insper Institute of Education and Research, from 2011 to 2015; member of the Board of Directors of Marcopolo from 2012 to 2016; member of the Board of Directors of Gafisa S.A., from 2011 to 2012; member of the Audit Committee of Votorantim Industrial, from 2012 to 2014; member of the Strategy Committee of Bematech S.A., from 2014 to 2015. Mrs. Costa is an independent member of Embraer's Board of Directors and a member of the Human Resources Committee.

Mr. Wongtschowski served as General Manager of Oxiteno S.A. (1992-2006). From January 2007 to December 2012, he served as President of ULTRAPAR Participações S.A., a public company doing business in the fields of fuel distribution (Ipiranga), LPG distribution (Ultragaz), bulk liquid logistics (Ultracargo) and specialty chemicals manufacturing (Oxiteno). He is a member of the Board of Directors of Ultrapar Participações S.A., Votorantim S.A. and Centro de Tecnologia Canavieira S.A.. Mr. Wongtschowski is an independent director of Embraer and member of the Strategy Committee.
Raul Calfat graduated from the School of Business of the Getúlio Vargas Foundation in 1974. As part of his principal professional experience in the last five years, Mr. Calfat served as CEO, until December 2013, and has served since January 2014 as Chairman of the Board of Directors of Votorantim S.A.; has served since 2009 as a member of Board of Directors of Fibria S.A.; and has served since May 2015 as an independent director of Duratex S.A. Since August 2015, Mr. Calfat has also sat on the Board of Directors of Hospital Sírio-Libanês, a third sector organization. Mr. Calfat is an independent member of the Board of Directors of Embraer and member of the Audit and Risks Committee and the Strategies Committee.
Marcelo Kanitz Damasceno holds a Bachelor's Degree in Business Administration from the University of Santa Catarina; he is graduated in the training course for Aviator Officers at the Brazilian Air Force Academy; Aircraft Improvement Course at the Aeronautical Improvement School; Superior Course of Command and Staff from the School of Command and Staff of the Aeronautics; Aerospace Policy and Strategy Course at the Aeronautics Command and Staff School. Damasceno has been Chief of the Aeronautics Social Communication Center from 2010 to 2014, Commander of the Fourth Regional Air Command, from 2014 to 2016 and has been Chief of Staff of the Commander of Aeronautics since 2016. Mr. Damasceno is an alternate member of the Board of Directors of Embraer, elected by the Federal Government, as holder of a special class share.
Maria Antonieta Rosina Tedesco de Oliveira holds a Bachelor's degree in Economic Sciences from the University of Vale do Paraíba in São José dos Campos, 1984; Bachelor's degree in Business Administration from the University of Taubaté in 1986; Bachelor in Mathematics from Bandeirante University, in 1999; holds a post-graduate degree in Administration in Scheme I from the Campos Sales University in 1994 and a post-graduate degree in Tax Accounting Planning from the Pontifical Catholic University of São Paulo (PUC) in 2013. Among her main professional experiences in the last five years, Maria Antonieta has been an alternate member of the Board of Directors of Embraer since 2015, elected by the representatives of CIEMB - Embraer Employee's Investment Club, and Tax Supervisor of the Brazilian tax liabilities activities since May 2011.
Wilson Gonçalves Lopes is a mechanical technician from ETE Machado de Assis Caçapava-SP, in 2002, and is currently attending Business Administration at ETEP Faculdades in São José dos Campos-SP. During the last five years, Lopes was elected in 2017 by representatives of non-shareholders as an alternate member of the Board of Directors of Embraer S.A. and since December 1987 works as a Quality Technician at the company. Mr. Lopes is COOPEREMB's Secretary and New Business Director and Vice President of APVE - Embraer's Association of Pioneers and Veterans.

Strategy Committee

Advises the Board of Directors on formulation of the Strategic Plan and the Action Plan, with a focus on objectives, macro projects, and evaluation of potential new business opportunities. It also monitors Company administration and results controls.

Luís Carlos Affonso is currently in charge of Corporate Strategy, Innovation and Digital at Embraer, reporting to the Embraer Group President and CEO. He was Chief Operating Officer (COO), Commercial Aviation, from 2011 to 2017, leading product development programs, market intelligence, customer support and services as well as the final assembly line. In this position he oversaw the development of the successful E-Jets E2 jets since their launch. During his tenure the presence and results of customer support and services for Commercial Aviation were significantly expanded.
Affonso was responsible for the Embraer Executive Aviation Business, from February 2005 to April 2011, including business and product strategies, as well as marketing, sales and customer support for this segment. He led the Embraer significant expansion in this market, including the launch of six new products, creation of a worldwide sales and service support network and increase of sales revenues from US$250 million to US$1.250 billion.
He has been with Embraer for 34 years. He was Chief Engineer of the successful ERJ 145 program in 1995. He was the E-Jets Program Vice President since its inception in 1999 until entry into service in 2004 and 2005, strongly advancing Embraer’s position in the airline market. He also acted asSenior Vice President of Engineering and New Product Development.
Affonso has a University of Sao Paulo Masters degree in International Business Administration. He graduated in aeronautical engineering at Instituto Tecnológico de Aeronáutica (ITA), in São José dos Campos, Brazil, in 1982. He concluded executive programs in management and strategy at University of Michigan Business School and MIT Sloan School of Management.
He was a member of the Board of Directors of Brazilian General Aviation Association (ABAG) and General Aviation Manufactures Association (GAMA). Affonso currently serves as board member of companies in the aerospace industry.

Israel Vainboim - Strategy Comittee Coordinator

Alexandre Gonçalves Silva - Strategy Comittee Member

Maria Letícia de Freitas Costa - Strategy Comittee Member 

Pedro Wongtschowski - Strategy Comittee Member

Raul Calfat - Strategy Comittee Member

Paulo Cesar de Souza e Silva - Strategy Comittee Secretary

Click here to access the Internal Regulations of the Strategy Committee

Audit and Risk Committee

Assists in identifying and managing business risks inherent to the Company’s activities, adapting risk management models, guidelines, and policies, and verifying managerial and accounting information released to the public and to regulatory agencies. With regard to auditing in particular, the committee recommends which company should be responsible for the external audit, supervises its activities, and is responsible for adopting any measures needed to field and address complaints about financial statements, internal controls, and the independent audit. The Committee is also responsible for ensuring the quality of financial reporting and compliance with legal, regulatory and evaluation requirements, and to manage the Company’s qualifications, as well as monitor the performance and independence of the internal audit, financial risks, and internal controls

Sergio Eraldo de Salles Pinto - Audit and Risk Committee Coordinator

Israel Vainboim - Audit and Risk Committee Member

João Cox Neto - Audit and Risk Committee Member

Raul Calfat - Audit and Risk Committee Member

José Antonio de Almeida Filippo - Audit and Risk Committee Secretary 

Click here to access the Internal Regulations of the Audit and Risk Committee

People and Governance Committee

Provides support to the Board of Directors in electing and dismissing Company directors, establishing their respective functions,setting remuneration and human resource policies, administering the Company’s share option programs and recommending the allocation of funds to employee associations and charities, recreational and private retirement organizations.

João Cox Neto - People and Governance Committee Member

Alexandre Gonçalves Silva - People and Governance Committee Member

Cecília Mendes Garcez Siqueira - People and Governance Committee Member

Maria Leticia de Freitas Costa - People and Governance Committee Member

Sergio Eraldo de Salles Pinto - People and Governance Committee Member

Carlos Alberto Griner - People and Governance Committee Secretary 

Click here to access the Internal Regulations of the People and Governance Committee

Fiscal Council

In accordance with the Corporations Act, the Fiscal Council is a corporate body independent of management and the company's external auditors. The primary responsibility of the Audit Committee is to review management's activities and financial statements, reporting its findings to shareholders.

Mr. Mendes do Carmo is the President of Embraer's Fiscal Council. Mr. Mendes do Carmo has held the position of Finance and Investments Manager for the SISTEL Foundation (a Pension Fund Foundation) since January 1987, with responsibility for managing the Foundation's fixed income and equities investment portfolios and, together with other areas, defining the "Asset Allocation" and "Asset Selection" policies, with a view to maximizing returns at minimum risk.

He is in charge of the Foundation's financial management and treasury. He has also held the positions of Director of the Equities Portfolio Management Department and the Equities Investment Analysis Division.

Mr. Mendes do Carmo holds or has held the following corporate positions:
- Member of the Fiscal Council and Executive Committee of Perdigão S.A in 2007.
- Member of the Fiscal Council of the Paranapanema S.A Group from 2005 to 2006.
- Member of the Fiscal Council and Audit Committee of the CPFL Energia S.A Group from 2004 to 2005, where he assisted the company in adjusting to the Sarbanes Oxley Act.
- Member of the Fiscal Council of Santos Brasil
- Member of the Fiscal Council of Telesp – Telecomunicações de São Paulo S.A.
- Alternate Member of the Fiscal Council of Embraer from 2000 to 2003 and full member since April 2008.

Mr. Vilela is the Vice-President of Embraer's Fiscal Council. From July 1971, he was involved with the preparation, review, supervision and management of work directly related to the accounting and fiscal areas of the Bozano Group, as accounts assistant, trainee accountant, accountant, assistant and manager of the controller's department. He was elected Director of the Controller's Department from March 1999, with responsibility for the supervision, management and control of the accounts of the Group's Holding company and its non-financial subsidiaries. He also acted as a tax and corporate consultant, in partnership with the Group's Legal Department, assisting particularly in matters related to tax planning, corporate reorganization (mergers, spin-offs and consolidations), sales of companies and privatization auctions.

Since 2000, following the sale of the Group's financial institutions and the subdivision of functions, he has acted as Director of the Audit and Accounting Area allocated to the Controller's Department.

Since November 2011, he has worked as an independent consultant on matters related to the accounting and tax areas of the Bozano Group.

Mr. Vilela holds or has held the following corporate positions:
- Standing member of the Fiscal Council of Embraer from May 2003 to April 2004.
- President of the Fiscal Council of Embraer with Audit Committee duties from May 2004 to April 2007.
- Standing member of the Fiscal Council of Embraer since 2011.
- Member of the Audit Committee of Azul S.A. from July 2010 to October 2011.

Mr. Rocha Alves de Carvalho has over 25 years of experience in the financial field, developing corporate and investment strategies with a view to adding value and sustainability. Manager of investments and interests in businesses. Strategic consultant for M&A (assessing businesses, analyzing alternative forms of association and structuring borrowings) with extensive experience in capital markets.

Board and fiscal board member of public and private companies, as well as not-for-profit institutions. Focus on the fields of business strategy, financial management and performance indicators.

He graduated in Mechanical Engineering from the Pontifícia Universidade Católica do Rio de Janeiro in 1983, MBA with distinction from the Wharton School – University of Pennsylvania, in 1988.

Certifications: CFA 2005, CNPI 2006 and IBGC in 2009.

Mr. Rocha Alves de Carvalho holds or has held the following positions:
- Member of the Fiscal Council of SLC Agrícola from 2013 to date.
- Member of the Fiscal Council of Lojas Americanas from 2017 to date.
- Member of the Board of Directors of Intersmart Distribuidora de Equipamentos de T.I. from 2009 to 2014.
- Member of the Fiscal Council of Grendene S.A from 2012 to 2015.
- Member of the Fiscal Council of Mills S.A from 2011 to 2014.
- Member of the Fiscal Council of Sonae Sierra Brasil from 2012 to 2013.
- Member of the Fiscal Council of Tupy in 2010 and 2012.
Professor of Corporate Finance and Valuation for the Insper MBA course for over 15 years.

Otavio Ladeira de Medeiros is Secretary for the National Treasury, having previously occupied a number of positions, including Undersecretary for Planning and Fiscal Statistics - SUPEF, Coordinator-general for Strategic Planning of the Public Debt – COGEP and Head of the Public Debt Analysis and Planning Division – DIDIP.

He has a degree in Economics from the University of Brasilia – UnB and an Executive MBA in Finance from the Brazilian Capital Market Institute in Brasilia, a Master's degree in Economics from the UnB and an extension course The Theory and Operation of a Modern National Economy from the George Washington University,

Mr. Ladeira de Medeiros holds or has held the following corporate positions:
 - Member of the Fiscal Council of Liquigás Distribuidora S.A. since August 2015;
 - Member of the Board of Directors of BB Gestão de Recursos Distribuidora de Títulos e Valores - Mobiliários S.A. (BB DTVM) since April 2014;
 - Chairman of the Fiscal Council of Banco do Brazil Investimentos S.A. from May 2001 to April 2005 and April 2009 to April 2012;
 - Member of the Fiscal Council of Banco do Brazil Investimentos S.A. from January 2001 to April 2005 and April 2009 to April 2012; and
 - Chairman of the Fiscal Council of Banco do Brazil S.A. from May  2005 to April 2009.

Mr. Pinho de Mello graduated in Public Administration from the Escola de Administração de Empresas de São Paulo da Fundação Getúlio Vargas (EAESP-FGV, 1996), has a Masters degree in Economics from the Pontifícia Universidade Católica do Rio de Janeiro (PUC-Rio, 2000) and a PhD in Economics from Stanford University (2005). He has held the positions of assistant professor (2004-2010) and associate professor (2010-2013) of the Economics Department of PUC-Rio.

Prior to taking on Special Advisory for Microeconomic Reforms at the Finance Ministry, he held the positions of Professor of Insper, Fellow of the Harvard Kennedy School of Government and Lemann Visiting Scholar at the David Rockefeller Center for Latin American Studies (Harvard University).

He was an affiliate member of the Academia Brasileira de Ciências and Assistant Secretary to the Sociedade Brasileira de Econometria. From 2001 to 2015, he headed up the America Latina Crime and Policy Network of the Latin American and Caribbean Economic Association (LACEA). He was a FAPERJ Jovem Cientista do Nosso Estado researcher, FAPESP grant holder overseas and is an 1D researcher of the Conselho Nacional de Desenvolvimento Científico e Tecnológico (CNPq).

His focus is on research in the banking microeconomics, industrial and anti-trust organization and political economy and he has published numerous articles in leading Brazilian and international journals, including the Review of Economic Studies, Review of Economics and Statistics, Economic Journal and Journal of Money, Credit, and Banking, Journal of Economic Behavior and Organization, Review of Finance and Economics of Education Review.

In addition to his academic activities, he worked as a consultant in the equity research department of Opportunity Gestora de Recursos Ltda. from 2005 to 2013 and partner in Pacífico Gestora de Recursos from 2013 to 2016, as well as corporate consultant and arbitration expert.

Mr. Pinho de Mello holds or has held the following corporate positions:
- Secretary of the Finance Ministry's Secretaria de Produtividade e Promoção da Concorrência, from March 2017 to date.
- Columnist for the Folha de São Paulo, September 2016 – March 2017.
- Fellow, Kennedy School of Government, Harvard University, August 2016 – July 2017.
- Lemann Visiting Scholar, David Rockefeller Center for Latin American Studies, Harvard University, August 2016 – July 2017.
- Partner of Pacifico Gestão de Recursos, January 2011 - August 2016.
- Professor, Insper, January 2014 – date.
- Associate Professor, Economics Department PUC-Rio, Brazil, December 2010 - December 2013.

Mrs. Figueiredo held the positions of Executive Director of the Internal Controls and Compliance Division of Banco do Brazil S.A from October 2016 to October 2017 and of the Wholesale Solutions Division from June 2015 to October 2016; she previously acted as General Manager of the Private Bank Unit and Executive Manager in the Capital Market, Commercial and International Divisions.

She has a degree in Mathematics and Chemical Engineering and a post-graduate degree in Business Management from CNEC, IMBA from the Fundação Getúlio Vargas, MBA in Business from the University of Ohio, USA and MBA in Strategic Leadership from INEPAD and Universidade Vale dos Sinos.

- Mrs. Figueiredo holds or has held the following positions:
- Member of the Board of Directors of Logz since May 2015;
- Member of the Board of Directors of BB Securities Limited – London since January 2016;
- Member of the Board of Directors of BB Securities LLC – New York since September 2015;
- Member of the Board of BB Securities Asia Pte. Ltd – Singapore since December 2015;
- Member of the Advisory Council for the Private Sector CONEX since June 2015;
- Member of the Senior Board of the Fundação Centro de Estudos do Comércio Exterior - Funcex since -June 2015. Mandate to May 2018;
- Member of the Board of Directors of Companhia Elétrica de Pernambuco-Celpe from January 2014 to April 2015;
- Member of the Board of Directors of Companhia de Eletricidade da Bahia–Coelba from January 2014 to April 2015;
- Deputy member of the Board of Directors of the holding company Neoenergia SA from January 2014 to April 2015.

Mr. Moraes worked for 37 years in companies of the Banco do Brasil Conglomerate and ended his career as a Director of BB Tecnologia e Serviços, in the Relations and New Business divisions from 2012 to 2013 and Management and Finance from 2009 to 2012. He is currently a Member and Coordinator of the Audit Committee of BB Seguridade S.A.

He holds a degree in Economics from PUCC – Campinas (1993), a post-graduate degree in Advanced Finance (1998) and Corporate Governance from the Universidade de São Paulo (1999), and a Masters' Degree in Economic from the Universidade de Brasília (2002).

Mr. Moraes holds or has held the following corporate positions:
-Standing member of the Board of Directors of Forjas Taurus S.A. from December 2014 to December 2015;
- Standing member of the Board of Directors of Paranapanema S.A. from June 2001 to May 2002;
- Standing member of the Board of Directors of Eluma S.A. from June 2001 to May 2002;
- Standing member of the Board of Directors of Cia Paraibuna de Metais from June 2001 to May 2002;
- Standing member of the Board of Directors of Caraíba Metais S.A. from June 2001 to May 2002; e
- Alternate member of the Fiscal Council of Cosern – Companhia Energética do Rio Grande do Norte from June 2012 to May 2014.

Under-Secretary of Strategic Tax Planning Policy for the National Treasury Secretariat; Finance Ministry since 2016. He was Parliamentary Advisor on Economic Issues to the Federal Senate from 2015 to 2016 and Chief Economic Adviser to the Finance Ministry from 2013 to 2014.

Mr. Maciel has received Monograph Awards from the Banco do Nordeste (2003), the National Treasury in 2006 and 2007 and the Federal Budget Secretariat in 2009.

He has a degree in Economic Sciences from the Universidade Federal de Pernambuco (2002), Master's Degree (2005) and Doctorate (2009) in Economics from the Universidade de Brasília and Post-Doctoral degree from Stanford University in the United States (2010).

Mr. Maciel holds or has held the following corporate positions:
- Under-Secretary of Strategic Tax Planning Policy - National Treasury Secretariat, since July 2016.
- Standing member of the Fiscal Council of Terracap since October 2016.
- Parliamentary Advisor, from January 2015 to July 2016.
- Chief Economic Adviser, from January 2013 to December 2014.

Mr. Hirashima is an alternate member of the Fiscal Council of Embraer, served as an effective member of the Fiscal Council and of the Audit Committee of Embraer, occupying the position of finance and accounting specialist, as defined by the US Securities and Exchange Commission – SEC regulations. Hirashima is an entrepreneur in the fields of tax and accounting and corporate governance. In 2002, he set up the consultancy firm Hirashima & Associados.

In recent years, he has been the managing partner in charge of a number of corporate transactions and restructuring, including independent auditing, and accounting, tax, labor and social security due diligence procedures on assets for purchase. He joined Arthur Andersen in 1962, became Managing Partner in 1975 and retired in June 2002.

During his 40 years of professional experience in the independent auditing and tax-accounting consultancy field, he served a wide variety of companies, mainly in the energy and telecommunications sectors. He coordinated Arthur Anderson's joint project with FIPECAFI to produce the book "Normas e Práticas Contábeis no Brasil" ("Accounting Standards and Practices in Brazil"), published by Editora Atlas.

Mr. Hirashima holds the following corporate position:
- Standing member of the Fiscal Council of Embraer from April 2004 to April 2017. He is currently an Alternate member.
- Member of the Audit Committees of Natura and Magazine Luiza.
- Member of the Audit Committees of Banco Santander Brasil S.A. until February 2010.

Mr. Fontenele is an Alternate member of Embraer's Fiscal Council. He currently holds the position of Legal Director of Fundação Sistel de Seguridade Social. From 1984 to 1985, he worked as an attorney lawyer in the legal firm João Agripino de Vasconcelos Maia. From 1985 to 1986, he held the position of attorney to Mútua de Assistência dos Profissionais de Engenharia, Arquitetura e Agronomia. He was Legal Director of Americel S.A. - Companhia de Telefonia Celular from 1997 to 1998.

Mr. Fontenele holds or has held the following corporate positions:
- Member of the Fiscal Council of Embratel Participações S.A in1998.
- Member of the Fiscal Council of Tele Nordeste Celular Participações S.A in 1999.
- Member of the Fiscal Council of Santos Brasil S.A - Companhia Portuária de Containers since 2000.
- Alternate Member of the Fiscal Council of Embraer from March 2001 to date.

Mr. Fernandes da Silva has been an Alternate member of Embraer's Fiscal Council since 2011. He has held positions in the Bozano Group since 1995, as Director of Kadon Empreendimentos S.A., Director of Coroa Alta Empreendimentos Imobiliários, Attorney-in-fact of Cia Bozano and member of the Board of Directors of GD Empreendimentos Imobiliários S.A. He is responsible for the financial area of the Bozano Group, managing the accounts payable department, and analyzing the conglomerate's investment opportunities, from fixed income to investments in new companies, as well as financial market transactions such as share purchases and operations in the futures and swap markets.

Mr. William Baghdassarian is Undersecretary for Fiscal Planning and Statistics for the National Treasury.

He has degrees in Mechanical Engineering from the Universidade de Brasília and in Economics from AEUDF. He holds an MBA in Public Debt Management from the Fundação Getúlio Vargas – FGV, a Masters' Degree in Economics from the Universidade de Brasília and a PhD in Finance from the ICMA Centre – Henley Business School.

Mr. Baghdassarian holds or has held the following corporate positions:
 - Member of the Fiscal Council of Caixa Econômica Federal since 2014;
 - Member of the Fiscal Council of CaixaPar – Caixa Participações in 2014;
 - Member of the Fiscal Council of Breitener Energética (Petrobras group) from 2012 to 2014.
 - Member of the Fiscal Council of Dataprev from 2011 to 2012. 


Executive Officers

Our Executive Officers are responsible for the daily management of the company. The Directors are elected by our Board of Directors for a term of two years and have responsibilities established by our bylaws and the Board of Directors. .

Mr. Paulo Cesar has been the CEO of Embraer S.A. since July 2016. Mr. Silva joined Embraer in 1997 as Vice President for customer financing. In 2010, he was appointed President & CEO of Embraer Commercial Aviation, position he held until June 2016. As Embraer’s representative at Aviation Working Group, an international industry organization dedicated to developing initiatives to foster and facilitate advanced aviation financing, Mr. Silva contributed to the development and implementation for the Cape Town Treaty and the Aircraft Sector Understanding (ASU), which regulates the terms and conditions for Export Credit Agencies support. Both are key instruments to the airlines gaining access to efficient aircraft financing. Mr. Silva is a member of the Conquistadores Del Cielo and Wings Club. Under his tenure, the company has expanded its footprint in commercial aviation, consolidating its leadership in the segment with up to 130 seats. For more than two decades, he worked in financial institutions in Brazil, Europe, and the United States. Prior to joining Embraer, Mr. Silva held many executive positions within the international bank industry. Mr. Silva holds a Bachelor’s degree in Economics from Mackenzie University (São Paulo, Brazil) and a Finance MBA from the University of Lausanne, in Switzerland.

Carlos Alberto Griner has a degree in civil engineering from the State University of Rio de Janeiro, and an MBA from COPPEAD – the Federal University of Rio de Janeiro. Mr. Griner started his career in the area of heavy construction and infrastructure, and later migrated to quality assurance and human resources. For more than 10 years, he worked for GE in Brazil, the U.S. and Mexico, in the area of aviation and as a corporate HR officer for Mexico and Latin America. In 2008, Mr. Griner was appointed as HR executive officer for Suzano Papel e Celulose, where he was also in charge of sustainability, institutional relations and corporate communications, in addition to human resources. Mr. Griner was a member of the Human Resources Committee of the Abril Group, chairman of the Strategic Personnel Management Committee of Amcham, director of ABRH-SP, and is currently a board member of Junior Achievement Brazil.

Mrs. Leschziner is our Executive Vice President, General Counsel & Chief Compliance Officer since June 2016. She worked at DuPont in Brazil from September 2002 to December 2015 as the Legal and Government Affairs Director for Brazil and from January 2016 to June 2016 as Legal Director for Brazil and the Andean Region, responsible for the legal aspects of all business of DuPont in Brazil, Colombia, Venezuela, Peru, Ecuador and Bolivia. Fabiana graduated from the São Paulo University School of Law, in 1993, and holds an LL.M. from Cornell Law School, Ithaca, USA. She specializes in corporate law, corporate finance, capital markets, antitrust and international trade and was an associate at Davis Polk & Wardwell office in New York from July 1998 to December 2001.

Mr. Hélio Bambini has been the Executive Vice-President – Operations since August, 2017. He started his career at Embraer in 2006 as Operations Planning and Industrial Architecture Director. In 2007, he was invited to take on the Embraer’s Supply Chain management. In addition to supply chain administration, in 2011 Mr. Hélio Bambini was promoted to Senior Vice President Industrial Operation. He was also responsible for the final assembly of Commercial and Executive Aviation. Early 2014, Mr. Hélio Bambini was appointed as Senior Vice President and COO of the Embraer Defense and Security Business Unit. Since 2014, Mr. Hélio Bambini has been a member of the board of directors of Atech Negócios em Tecnologia S.A., Savis Tecnologia e Sistemas S.A. and Embraer Defense and Security Inc. (USA). In 2017, Mr. Hélio Bambini was appointed as CEO of Savis Tecnologia e Sistemas S.A.
Prior to joining Embraer, Mr. Hélio Bambini was the Chief Executive Officer (CEO) of Sanmina-SCI and Segerstrom (companies in the contract manufacturing segments). He was Business Development Manager at Motorola and Senior Consultant at Arthur D. Little.
H. Bambini holds a bachelor’s degree in Electronic Engineering from Faculdade de Engenharia Industrial (FEI), a Specialization in Finance from PUC Rio de Janeiro and a Master’s Degree in Business Administration from Fundação Getúlio Vargas (FGV SP), and exchange Program MBA from The University of Texas, Austin.

Mr. Schneider is Chief Executive Officer of Embraer Defense & Security since January 2014. Previously he held the position of Executive Vice President of People, Institutional Relations, and Sustainability of Embraer. He has a Law degree from the University of Brasilia—UNB, and an MBA from the Business School of São Paulo. He began his career in the Ministry of Justice (Brazilian Government). In the private sector, he was Deputy Director of Corporate Affairs of Unilever, Vice President of Human Resources, Legal Relations and Corporate Affairs of Mercedes Benz Brazil and CEO of the Consórcio Nacional Mercedes Benz (finance company). In addition, Mr. Schneider was President of ANFAVEA (Brazilian Vehicle Manufacturer Association) and ABIPLA (Brazilian Association of Manufacturers of Cleaning Products, and Related Items), as well as a member of the Board of Tax Council of the Ministry of Economy and Finance. He is currently member of the CDES (Brazilian Council for Economic and Social Development) of the Presidency of the Federative Republic of Brazil and Board member of organizations including the Biennial Foundation of São Paulo, the AACD (association to support disabled children) and MASP (São Paulo’s Art Museum Assis Chateaubriand), among other assignments.

Johann Bordais is Senior Vice President at Embraer Services & Support, a new business unit created in the end of 2016 to concentrate, consolidate and provide customers with a broad portfolio of solutions in the Commercial Aviation, Executive Jets and Defense & Security segments.
He was Vice President of Services & Support in Brazil, from July 2013 to December 2016, a team of more than 1200 people, from different areas as Customer Relationship Management, Technical & Maintenance Support, Materials, Flight Operations, Flight Operations Engineering & Support, Technical Services & Training, and Solutions Business development & Analytics, all dedicated to support the customers and their 2,400 aircraft around the world.
Additionally, he oversaw the Customer Care Center in São José dos Campos and the global network of Embraer Authorized Aircraft Service Centres. Over the last three years he led the transformation within the Embraer Aftersales activities by globalizing the after sales solutions and guaranteeing customer satisfaction thru innovation and integrated CRM.
For thirteen years, he was responsible for Embraer Services & Support office in Paris, managing after-sales and operations for commercial aircraft customers in Europe, Africa, the Middle East and Central Asia and prior to his move to Europe, Johann was the Senior Manager for Aircraft Sales Support & Contract Administration, and Manager of the Customer Order Desk.
Before joining Embraer, Johann worked at Raytheon/Beechcraft’s Authorized MRO in Paris and at an aircraft engine spare parts company in Dallas.

Mr. Slattery has been Executive Vice-President - Commercial Aviation since June 2016. He joined Embraer in early 2011 as non-executive Vice President, responsible for Customer Finance; Asset & Risk Management. The following year Mr. Slattery was appointed SVP and Chief Commercial Officer, taking on broader executive responsibilities incorporating worldwide sales of commercial aircraft and services. Since joining Embraer, he has been a board director at ECC Leasing, Embraer’s wholly owned leasing company. Prior to joining Embraer, Mr. Slattery spent fifteen years in executive and leadership roles at various commercial aerospace advisory, leasing, and banking organizations. In 2001, Mr. Slattery was a co-founder of RBS Aviation Capital (now SMBC Aviation Capital) and the firm’s Managing Director in New York, responsible for leading the bank’s commercial aircraft leasing and asset-backed lending to airline customers across the Americas. He is a Fellow of The Royal Aeronautical Society, President Emeritus of The Wings Club and Director Emeritus of ORBIS International. An AMP graduate of Harvard Business School, John was awarded an M.B.A. from the University of Limerick, and a BA from the University of South Wales.

In September 2017, Mr. Kern was appointed Embraer’s Executive Vice-President, Engineering. He joined Embraer in 1982 as a Mechanical Systems Engineer and served the company in the following years in several technical and managerial positions. In April 2007, he was appointed Embraer’s Executive Vice-President for the Airline Market. In April 2011, Mr. Kern was appointed Embraer’s Executive Vice-President for Engineering and Technology. In 2015, he took the position of Chief Operating Officer. Mr. Kern holds a Bachelor’s degree in Engineering from the University of Rio Grande do Sul.
Michael Amalfitano is the President and CEO of Embraer Executive Jets. Amalfitano was the Executive Vice President, Senior Managing Director of Stonebriar Commercial Finance (SCF) and Managing Director and Executive Head of Banc of America Leasing – Global Corporate Aircraft Finance (GCAF) division of Bank of America Merrill Lynch (BAML). Amalfitano is an active member of the Equipment Leasing and Finance Association, Helicopter Association International, European Business Aviation Association and serves on the Leadership Council, the Associate Member Advisory Council, and the Joint Task Force Committee of the National Business Aviation Association. He also served on the Finance Committee and as Past Chairman of the Associate Members Advisory Council for the National Aircraft Resale Association, and for two consecutive terms Michael was the President on the Board of Directors of the National Aircraft Finance Association, where he currently is an active member. Michael holds a B.A. in Economics and a Masters in Financial Management from Fairfield University in Fairfield, Connecticut.
Mr. Salgado graduated in engineering and earned a master’s degree from the University of São Paulo. In 1997 he was awarded a PhD Degree in computational Mechanics by the Wessex Institute of Technology, England and later became a visiting professor at the aeronautical engineering division of ITA, Instituto Tecnológico de Aeronáutica. In 2002 he completed a MBA at Fundação Getulio Vargas, São Paulo. Mr. Salgado has been with Embraer for 30 years. Having started at the engineering department, he held executive positions on corporate functions such as Strategic Planning, Economical and Financial Planning and Mergers and Acquisitions. From early 2012 to January 2014 he was the CEO of Visiona Tecnologia Espacial, a joint venture company formed by Embraer and Telebras. In February 2014, Mr. Salgado rejoined Embraer S.A. as Vice President of Institutional Relations and Sustainability, and later became responsible for the Company's strategy. In April, 2018, the Board of Directors of the Company elected Nelson Salgado, as an interim for the position of Executive Vice President Finance and Investor Relations, also accumulating institutional relations duties.

Av. Nações Unidas, 8501 - Pinheiros

Eldorado Business Towers, 30th floor

São Paulo - SP

05425-070 | Brazil

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