Board, Council and Committees

Board of Directors

As set forth in the Bylaws, eligibility to Board membership includes aspects such as having an unblemished reputation, not holding positions with competitors or representing conflicting interests. Members of the Board, as well as of the Committees and the Executive Board, are subject to a formal individual performance evaluation tool that includes a 360-degree evaluation and addresses sustainability-related issues.

MARCOS ANTONIO MOLINA DOS SANTOS (CHAIRMAN – MEMBER)

Mr. Marcos Antonio Molina dos Santos is chairman of Marfrig’s Board of Directors. The executive has more than 30 years of experience in the food sector, having started his professional activity at the age of 16, when he opened his first business: a food distribution company. Since the incorporation of Marfrig, Marcos Molina has been actively involved with the Company’s key customers, strengthening national and international commercial relationships, which enable the development and evolution of industrial and quality processes, aiming to exceed expectations in relation to the global scenario. Mr. Molina is also a partner and CEO of MMS PARTICIPAÇÕES LTDA. which is the Marfrig’s parent company.
Mr. Molina has not suffered, in the last five years, any conviction (i) criminal, (ii) in an administrative proceeding of the CVM or (iii) final and unappealable, in the judicial or administrative sphere, which has suspended or disqualified him from the practice of any professional activity or commercial.
Mr. Marcos declared that he is not a Politically Exposed Person, pursuant to the provisions of CVM Resolution 50/21, as amended, as he does not fit into any of the situations that characterize a Politically Exposed Person.

SERGIO AGAPITO RIAL (VICE CHAIRMAN – MEMBER)

The professional career of Mr. Rial includes the positions of Chief Executive Officer of Marfrig Global Foods SA, Executive Vice President and Chief Financial Officer of Cargill and President of Banco Santander Brasil. He was also a member of Cargill’s board of directors for nine years. He was president of Seara Alimentos SA, managing director of Bear Stearns & Co. in New York, director of ABN AMRO Bank and member of the board of directors of ABN AMRO Bank in the Netherlands, as well as a member of the board of directors of Mosaic Fertilizers. He holds a degree in Law from the Federal University of Rio de Janeiro and in Economics from Universidade Gama Filho, as well as an MBA from IBMEC, in São Paulo, as well as specializations from Harvard Business School, Wharton School of Business, University of Pennsylvania and INSEAD. In France, he is currently Chairman of the Board of Directors of Santander Brasil, Chairman of the Board of Directors of Getnet and Universia Brasil, SA.
Mr. Sérgio hereby declares that in the last 5 years, he: (i)  has not been found guilty of any crime that has disqualified the practice of professional activity; (ii) has notsuffered any conviction in an administrative proceeding of the CVM and the penalties applied; or (iii) any final conviction inthe judicial or administrative court, which has suspended or disqualified him to practice aprofessional or commercial activity.
Mr. Sérgio declared that he was not a Politically Exposed Person, pursuant to the provisions of CVM Resolution 50/21, as amended, as he does not fit into any of the situations that characterize a Politically Exposed Person.

MARCIA APARECIDA PASCOAL MARÇAL DOS SANTOS (MEMBER)

Mrs. Marcia Aparecida Pascoal Marçal dos Santos has been a member of the Company’s Board of Directors since March 2007. She has extensive experience at Marfrig, having been responsible for the financial area from 2000 to 2006 and for the internal audit team from 2000 to 2006. In addition, Ms. Marçal dos Santos actively participates in the Marfrig Fazer e Ser Feliz Social Responsibility Institute, as Chief Executive Officer. Mrs. Marcia Aparecida Pascoal Marçal dos Santos is also a partner and vice-president of MMS PARTICIPAÇÕES LTDA. which is the Marfrig’s parent company.
Mrs. Marcia has not suffered, in the last five years any (i) criminal, (ii) criminal conviction in CVM administrative proceedings or (iii) finaljudgment, in the judicial or administrative sphere, that has suspended or inabilitated him for the practice of any professional or commercial activity.
Mrs. Marcia declared that she is not a Politically Exposed Person, pursuant to the provisions of CVM Resolution 50/21, as amended, as she does not fit into any of the situations that characterize a Politically Exposed Person.

AUGUSTO MARQUES DA CRUZ FILHO (INDEPENDENT MEMBER)

Mr. Augusto Marques completed the credits in the doctoral and postgraduate course in Economic Theory at the Institute of Economic Research (IPE) of the University of São Paulo, graduated in Economic Sciences at the Faculty of Economics and Administration of the University of São Paulo (FEA-USP), having attended the Insead Executive Program at the Institut Européen d’Aministration des Affaires. He worked at Grupo Pão de Açúcar for 11 years, going through the roles of executive director of the company, financial administrative director and, for two and a half years, as president director, until he left the position in 2005. Between 2005 and 2010, he was a member of the Board of Directors and Audit Committee of B2W. From April 2016 to August 2019, he held the position of Chairman of the Board of Directors of BR Distribuidora. He is currently a member of the Board of Directors of SIMPAR SA (formerly Grupo JSL SA) and General Shopping, in addition to serving as a member of the Board of Directors and coordinator of the Company’s Audit and Integrity Committee. Mr. Augusto Marques has been Vice President of the Company’s Board of Directors since April 2018 and coordinator of its Audit and Integrity Committee since April 2020.
Mr. Augusto Marques da Cruz Filho has not suffered, in the last five years, any conviction (i) criminal, (ii) in an administrative proceeding of the CVM or (iii) final and unappealable, in the judicial or administrative sphere, which has suspended or disqualified him for the practice of any professional or commercial activity.
Mr. Augusto Marques declared that he was not a Politically Exposed Person, pursuant to the provisions of CVM Resolution 50/21, as amended, as he does not fit into any of the situations that characterize a Politically Exposed Person.

DEBORAH STERN VIEITAS (INDEPENDENT MEMBER)

Career developed and consolidated in the financial market, working in large and renowned international and Brazilian institutions. Experience in business management with responsibility for results, as well as in the implementation of operations from a banking license. Academic background: Master in Public Administration from ENA – École Nationale d’Administration – France; Master’s in Business Administration from Fundação Getúlio Vargas – São Paulo – International Economics; Degree in Public Administration from Fundação Getúlio Vargas – São Paulo; Graduate in Journalism from the School of Communication and Arts of USP – São Paulo. Certification as a Board Member by IBGC – Brazilian Institute of Corporate Governance. Experience as a member of the Board of Directors and Coordinator of the Audit Committee. Experience on board of directors in the following companies: Banco Santander SA 2017 – to date; AXA SEGUROS SA 2016-2017; BANCO CAIXA GERAL – BRAZIL 2008 – 2014. Mrs. Deborah has executive experience in the following companies: CEO AMERICAN CHAMBER OF COMMERCE FOR BRAZIL – AMCHAM BRASIL 2015 – present; Chief Executive Officer BANCO CAIXA GERAL 2008 – 2014; Vice President responsible for Large Corporates, Financial Institutions and Structured Finance at BANCO BNP PARIBAS – BRASIL 2000-2008; Vice President responsible for Exchange, Trade Finance, Corporate Loans and Capital Markets at Banco CCF Brasil 1988 – 2000. Others: 2021 – Member of the Advisory Board of the We Ventures Fund focused on female entrepreneurship; 2021 – Member of the Advisory Board of the startup Se Candidate Mulher that works in employability for women; 2017 – Mentioned in the List of Most Influential Women of the Year by FORBES Magazine; 2014 – Elected one of the 10 Best Executives of the Year by VALOR ECONÔMICO/Egon Zehnder; 2014 – Honored as Administrator of the Month by CRA – Regional Board of Directors of São Paulo.
Mrs. Deborah hereby declares that in the last 5 years, he: (i)  has not been found guilty of any crime that has disqualified the practice of professional activity; (ii) has notsuffered any conviction in an administrative proceeding of the CVM and the penalties applied; or (iii) any final conviction inthe judicial or administrative court, which has suspended or disqualified him to practice aprofessional or commercial activity.
Mrs. Deborah declared that she is not a Politically Exposed Person, pursuant to the provisions of CVM Resolution 50/21, as amended, as she does not fit into any of the situations that characterize a Politically Exposed Person.

FLAVIA MARIA BITTENCOURT (INDEPENDENT MEMBER)

Mrs. Flavia Bittencourt holds a degree in Chemical Engineering from the Federal University of Rio de Janeiro – UFRJ, a postgraduate degree in Marketing at Escola Superior de Propaganda e Marketing – ESPM and an Executive MBA from Fundação Dom Cabral. Mrs. Flávia Bittencourt has a long history at Oi – Telemar, with more than 10 years of experience, in positions such as Product Manager (2001 – 2003), General Marketing Manager (2003 – 2005) and also held the position of Executive Director of Marketing (2005 – 2011). In addition, she was Marketing Director at Lácteos Brasil, co-founder of STORIES4FUN and Senior Vice President of Latin America at Sephora Brasil. Ms. Flavia served as a member of the Board of Directors of Lojas Marisa, between 2018 and 2019. She is currently CEO of Adidas and a member of the Board of Directors of Tim Brasil and Oncoclinicas. In addition to being a member of the Board of Directors, Ms. Flavia Bittencourt is also a member of the People, Governance, Organization and Culture Committee and of the Quality and Sustainability Committee and coordinates the Consumer Intelligence Committee.
Mrs. Flavia Bittencourt has not suffered, in the last five years, any conviction (i) criminal, (ii) in an administrative proceeding of the CVM or (iii) final and unappealable, in the judicial or administrative sphere, which has suspended or disqualified her from the practice of a any professional or commercial activity.
Mrs. Flavia Bittencourt declared that she is not a Politically Exposed Person, pursuant to the provisions of CVM Resolution 50/21, as amended, as she does not fit into any of the situations that characterize a Politically Exposed Person.

ALDO LUIZ MENDES (INDEPENDENT MEMBER)

Mr. Aldo Luiz Mendes holds a Bachelor’s and Master’s degree in Economics from the University of Brasília and a PhD in Economics from the University of São Paulo. He worked at Banco do Brasil for 29 years, as international finance managers, market risk management superintendent, finance director, capital markets director and vice president of finance, capital markets and investor relations, position that he held from 2005 to 2009. Between 2009 and 2016, he was director of monetary policy at the Central Bank of Brazil and member of the Monetary Policy Committee. In 2017, he held the position of executive director of Banco Original S.A. Between 2018 and 2019, he was part of the AMBEV audit committee. The executive has been on several boards of directors, including CSN – Siderúrgica Nacional, RGE – Rio Grande Energia, TNL – Telemar Norte Leste (currently Oi), Neoenergia, Visanet (currently Cielo), CIP – Central Interbank Payments, BB Technology and Services. Mr. Mendes is also a board member of GRUPAR, which is the concessionaire of the Guarulhos airport in São Paulo.
Mrs. Aldo Luiz Mendes has not suffered, in the last five years, any conviction (i) criminal, (ii) in an administrative proceeding of the CVM or (iii) final and unappealable, in the judicial or administrative sphere, which has suspended or disqualified her from the practice of a any professional or commercial activity.
Mrs. Aldo Luiz Mendes declared that she is not a Politically Exposed Person, pursuant to the provisions of CVM Resolution 50/21, as amended, as she does not fit into any of the situations that characterize a Politically Exposed Person.

PEDRO DE CAMARGO NETO (INDEPENDENT MEMBER)

Mr. Pedro is a Civil Engineer from the Polytechnic School of the University of São Paulo – 1972; Master of Science from the Massachusetts Institute of Technology – 1974 Doctor in Production Engineering from the Polytechnic School of the University of São Paulo – 1984; Farmer and rancher in the states of São Paulo, Mato Grosso do Sul and Piauí in the last 40 years. He is a Business Consultant, Secretary of Production and Marketing at MAPA, from 2001 to 2002 and President of the Brazilian Rural Society from 1990 to 1993 and Vice-President from 2017 to 2019. Mr. Pedro hereby declares that in the last 5 years, he: (i)  has not been found guilty of any crime that has disqualified the practice of professional activity; (ii) has notsuffered any conviction in an administrative proceeding of the CVM and the penalties applied; or (iii) any final conviction inthe judicial or administrative court, which has suspended or disqualified him to practice aprofessional or commercial activity.
Mr. Pedro declared that he is not a Politically Exposed Person, pursuant to the provisions of CVM Resolution 50/21, as amended, as he does not fit into any of the situations that characterize a Politically Exposed Person.

ALTAMIR BATISTA MATEUS DA SILVA (INDEPENDENT MEMBER)

Mr. Altamir holds a degree in administration from EAESP/FGV-SP. He was statutory director of Banco Safra between 2011 and 2020. 2 years in the family office and 7 years as head of investment (debt and equity capital markets, M&A, derivative sales, fixed income book, brokerage). He was executive director of JPMorgan Brazil and in New York in the areas of Credit; Debt Capital Markets; equity capital markets; BAD; and IB Coverage.
Mr. Altamir hereby declares that in the last 5 years, he: (i)  has not been found guilty of any crime that has disqualified the practice of professional activity; (ii) has notsuffered any conviction in an administrative proceeding of the CVM and the penalties applied; or (iii) any final conviction inthe judicial or administrative court, which has suspended or disqualified him to practice aprofessional or commercial activity.
Mr. Altamir declared that he was not a Politically Exposed Person, pursuant to the provisions of CVM Resolution 50/21, as amended, as he does not fit into any of the situations that characterize a Politically Exposed Person.

EDUARDO AUGUSTO ROCHA POCETTI (MEMBER)

Mr. Eduardo Pocetti has been a member of the Fiscal Council of Marfrig Global Foods SA since April 2014. An accountant, he holds an MBA in Business Administration from FGV and is currently Chairman of the Board of Directors of IBRACON – Instituto dos Auditores Independentes do Brasil. He was a partner at KPMG Auditores Independentes and has 30 years of experience in auditing companies. From 2004 to 2011, he was President of BDO RCS Auditores Independentes S/A, where he represented the name of BDO Brasil for all member firms of the international BDO network. He has extensive experience in finance, accounting, independent auditing, economic-financial planning and coordination at the management and board level in several large national and multinational companies in the industrial and financial sector. Partner in several IPO transactions and special corporate finance projects for the purchase and sale of companies. Mr. Pocetti is also a member of the Board of Directors of the publicly-held company Mahle Metal Leve SA and a member of the Fiscal Council of CIEE – Centro de Integração Empresa Escola.
Mr. Pocetti has not suffered, in the last five years, any conviction (i) criminal, (ii) in an administrative proceeding of the CVM or (iii) final and unappealable, in the judicial or administrative sphere, which has suspended or disqualified him from the practice of any professional activity or commercial.
Mr. Eduardo declared that he is not a Politically Exposed Person, pursuant to the provisions of CVM Resolution 50/21, as amended, as he does not fit into any of the situations that characterize a Politically Exposed Person.

 

Novo Mercado’s definition of an “Independent Director”: (i) not to have any binding connection with the Company with the exception of a stake in the capital; (ii) not to be a Controlling Shareholder, spouse or up to a second degree relation thereof, or not being or not having been in the past three years, linked to the company or entity related to the Controlling Shareholder (persons connected to public education and/or research institutions are excluded from this restriction); (iii) in the past 3 years, not to have been an employee or director of the Company, Controlling Shareholder or of a corporation controlled by the Company; (iv) not to be a supplier or purchaser, directly or indirectly, of the Company’s services and/or products of the to an extent which implies loss of independence; (v) not to be an employee or manager of a corporation or entity which is supplying or demanding services and/or products to the Company; (vi) not to be a spouse or up to a second degree relation of any manager of the Company; (vii) not to receive other remuneration from the Company besides that as Councilor (profits in cash arising out of a stake in the capital are excluded from this restriction).

COMMITTEES

In addition to the Audit Committee, established by the bylaws, the Board of directors approved the constitution of advisory committees, composed of members of the board and external members to deal with issues related to: Finance and Risk Management; People, Governance, Organization and Culture; Quality and Sustainability.

The Company also have a Disclosure Committee in accordance with the Sarbanes-Oxley Rules.

People, Governance, Organization and Culture Committee

Members: Sergio Agapito Rial (coordinator), Flávia Maria Bittencourt, Deborah Stern Vieitas.

Finance and Risk Management Committee

Members: Sergio Agapito Rial (coordinator), Altamir Batista Mateus da Silva, Augusto Marques da Cruz Filho.

Audit and Integrity Committee

Members: Augusto Marques da Cruz Filho (coordinator), Deborah Stern Vieitas, Eduardo Augusto Rocha Pocetti, Manoel Cordeiro Silva Filho (external member).

Quality and Sustainability Committee

Members: Pedro de Camargo Neto (coordinator), Aldo Luiz Mendes, Flávia Maria Bittencourt.

FISCAL COUNCIL

Of permanent character, consisting of three members, one of whom is a finance expert. It convenes monthly and meets with the Board of Directors as required.

Marco Antonio Peixoto Simóes Veloso (INDEPENDENT MEMBER)

Mr. Marco Antônio Peixoto Simões Velozo holds a degree in economics and accounting from Faculdades Integradas Cândido Mendes, and a MBA in corporate finance from IBMEC. He has extensive experience as a technical assistant in judicial disputes and in arbitration (as a technical assistant or as an expert at the Arbitral Tribunal, at the CBMA and at the FGV Chamber of Conciliation and Arbitration) and has been an independent auditor of companies since 1989. Marco Antônio is a founding partner of Vértice Auditoria, where he is responsible for the technical area and audit methodology.

Attilio Guaspari (INDEPENDENT MEMBER)

Mr. Atilio Guaspari graduated in engineering with a master’s degree in Administrative Sciences, he was Head of Finance and Superintendent of Auditing at BNDES and Financial-Administrative Director of Embrafilme. He has participated in several Boards of Directors, since 1986, such as Brasil Ferrovias S.A., FAPES, Indústrias Verolme-Ishibrás and Projeto Jarí. He is currently a member of the Auditing Committee at BNDES.

Bernardo Szpigel (INDEPENDENT MEMBER)

Mr. Bernardo is a Mechanical Engineer graduated from ITA; Master in Engineering from PUC-RJ. PHD in Business Administration from the University of California. He was CFO of Bahia Sul and Suzano Papel e Celulose.
Mr. Bernardo has not suffered, in the last five years, any conviction (i) criminal, (ii) in an administrative proceeding of the CVM or (iii) final and unappealable, in the judicial or administrative sphere, which has suspended or disqualified him from the practice of any professional activity or commercial.
Mr. Bernardo declared that he is not a Politically Exposed Person, pursuant to the provisions of CVM Resolution 50/21, as amended, as he does not fit into any of the situations that characterize a Politically Exposed Person.

 

MANAGEMENT

BRF’s Directors are its legal representatives, mainly responsible for its management and in full compliance with strategic guidelines as set forth by the Executive Board members and approved by the Board of Directors.

LORIVAL LUZ (GLOBAL CHIEF EXECUTIVE OFFICER)

Mr. Luz is graduated in Business Administration from Fundação Armando Álvares Penteado – FAAP. With more than 27 years of experience, he initiated his career at Citibank and occupied different positions in Corporate/Investment Banking and at Credicard. From 2008 to 2009, he was CFO at Estácio Participações. Between 2010 and 2011, he was Global Corporate Treasurer at Votorantim Industrial. In 2011, he took over the position of CFO at CPFL Energia, where he stayed until 2013 when he returned to Grupo Votarantim as CFO at Votorantim Cimentos. In 2017, he was elected CFO at BRF S.A. and, in 2018, he assumed the position of Global Chief Operating Officer (COO).

FABIO LUIS MENDES MARIANO (CHIEF FINANCIAL AND INVESTOR RELATIONS OFFICER)

Mr. Fabio Luis Mendes Mariano holds a degree in Business Administration and a postgraduate degree in Banking from Universidade Presbiteriana Mackenzie, an MBA from the University of Pittsburgh Katz Graduate School of Business and a specialization in financial markets from Fundação Getúlio Vargas – FGV. Mr. Fabio Luis Mendes Mariano has 22 years of experience in companies such as Bank Boston, Dupont do Brasil, and on BRF, where he accumulates 14 years and occupied the position of CFO LATAM and General Manager of BRF Alimentos Calchaquí, in Argentina. In 2017, he returned to Brazil as Chief Financial Officer and since 2019 he has served as Vice-Chairman of the Board of BRF Previdência.

FABIO DUARTE STUMPF (AGRIBUSINESS AND PRODUCT QUALITY VICE-PRESIDENT)

Graduated in Veterinary Medicine from the University of Passo Fundo in Rio Grande do Sul, he has 18 years of experience in Agribusiness. He began his career at Sadia/BRF, holding various positions within the company’s Agricultural and Industrial Operation. From 2017 to 2021, he works as Industrial Director and General Director of Agriculture. In 2021, he assumed the position of Executive Director of Agriculture and Global Quality at BRF. Finally, Mr. Stumpf became Vice President of Agro and Quality at BRF S.A.

VINÍCIUS GUIMARÃES BARBOSA (VICE-PRESIDENT OF OPERATIONS AND PROCUREMENT)

Mr. Barbosa is graduated in Production Engineering from the University of Rio de Janeiro and holds an MBA degree from IBMEC. He initiated his career as a trainee at Brahma and served in several positions in procurement, operations, and logistics. He was responsible for the integration of several M&As in the supply chain department. Before joining BRF, the executive was Vice-President of Operations and Logistics at Anheuser-Busch for the US and Canada. He took over the position of Operations and Procurement Officer of BRF in 2018.

ALESSANDRO ROSA BONORINO (VICE-PRESIDENT OF PEOPLE, MANAGEMENT AND DIGITAL TRANSFORMATION)

Mr. Bonorino holds a degree in Economics from Federal University of Rio de Janeiro and an Executive MBA from Fundação Dom Cabral, he has  almost 30 years of experience, the last 19 of which he has served executive positions. He started his career as an auditor at KPMG. In 1992, he joined IBM in the HR function, where he conducted projects for the transformation of multiple people management disciplines on a national, regional and global scale. In the corporate world, he has had experiences in different cultures and lived in different countries, where he held relevant HR positions. Some of his roles at IBM were HR Director for Spanish South America, from Argentina; HR Director of Brazil and later for the whole of Latin America. He also held global roles in the company, especially as Vice President for Global Recruitment, based in China. Before joining BRF, he served as Global Vice President of HR in the “Services Delivery and Transformation” unit. In 2017, he joined BRF as Global Vice President of Human Resources and, in 2018, he also headed the Shared Services and Technology teams.

LEONARDO CAMPO DALLORTO (VICE-PRESIDENT OF INTEGRATED PLANNING AND LOGISTICS)

Mr. Dallorto holds a degree in Mechanical Engineering from Federal University of Espírito Santo, with master’s degree and Ph.D. in industrial engineering from Pontifical Catholic University of Rio de Janeiro (PUC-RJ) and an MBA from Dom Cabral Foundation. Mr. Leonardo Dallorto has an 18-year experience, the last 10 years holding executive positions. He initiated his career at Vale in 2002 in Railway and Port logistics area and took part in the company’s international expansion, working in projects in Canada, India, and Africa. Between 2007 and 2011, he served at the consulting firm McKinsey&Co focused on Supply Chain, Procurement, Strategy and M&A of different sectors companies in Latin America. Mr. Dallorto joined BRF in 2011 and since 2012 he has been serving as Officer, heading the Supplies, Integrated Planning area. As Officer at the Commercial VP Brazil, he led the Logistics and South Region units, developing customer relationship programs, GTM, and review of distributors’ role in the region. As Industrial Operations Officer, he took part in definitions of manufacturing footprint and led the productivity project (Guide). Since 2018, Mr. Leonardo has been serving as VP of Integrated Planning & Supply Chain.

MANOEL REINALDO MANZANO MARTINS JUNIOR (BRAZIL COMMERCIAL VICE-PRESIDENT)

Graduated in Business Administration from the Pontifical Catholic University of São Paulo, PUC/SP, with a specialization in Marketing and Retail from FIA/USP and ESPM, respectively. He has 23 years of professional experience in the consumer goods industry, in the domestic and international market (Middle East and Latin America). Mr. Manoel Martins, has worked in companies such as Perdigão, Associate British Food, JBS and BRF. Finally, Mr. Manoel Martins became Vice President Commercial Brazil at BRF S.A.

MARCEL SACCO (VICE- PRESIDENT OF NEW BUSINESS)

Mr. Marcel Sacco holds a bachelor’s degree in Marketing from Escola Superior de Propaganda e Marketing (“ESPM”) and a master’s degree in Business Administration with emphasis in Finance from Fundação Getúlio Vargas (“FGV”). He also completed specializations in Advanced Marketing Management at IMD in Switzerland, in Advanced General Management at INSEAD, located in France, as well as the Leadership Program at the Institute for Creative Leadership in San Diego, California. In addition, Mr. Marcel Sacco completed the Councilor Development Program at Fundação Dom Cabral. In 2008, he was nominated as one of the three best marketing professionals in Brazil by Prêmio Caboré. Mr. Macel Sacco has worked in companies such as Parmalat Brasil, Telefônica, Schincariol and Bauducco. For the past five years, he has held the position of General Manager Brazil & LatAm at The Hersey Company from 2019 until 2021, where he previously served as General Manager Brazil & South America from 2013 until 2019. Currently, Mr. Marcelo Sacco serves as a member of the Board of Directors at Farmax – Indústria de Cosméticos e Farmacêuticos and NGO Gerando Falcões. Finally, in May 2021 he moved to the position of Vice-President of New Businesses at BRF S.A.

COMPENSATION

In 2021, the aggregate total compensation paid to members of the board of directors, fiscal council and audit and integrity committee and executive officers (including salaries, profit sharing payments and benefits) was R$72,9 million.

In order to determine the values ​​of the variable compensation, the performance of the executives is considered through the prior establishment of global goals and areas, such as, EBIT, ROIC, TSR, cash flow, net income, adherence to quality standards, safety at work and ESG indicators, grain traceability, reduction of water consumption, women in top leadership, use of recyclable, reusable or biodegradable packaging and promotion of education to reduce food waste and people management indicators. This methodology follows best market practices and provides reasonable maximum amounts while ensuring our market competitiveness in terms of compensation and retention.