TOTVS

Investor Relations

Strategy Committee

Committee Members

Name Position
Maria Leticia de Freitas Costa Committee Coordinator

Ms. Freitas Costa has a degree in Production Engineering from the Polytechnic School of the University of São Paulo and an MBA from the Samuel Curtis Johnson School of Management at Cornell University, USA. She is currently a partner at Prada Assessoria Empresarial and Board Member of Localiza S.A., Mapfre, and Embraer. She is also a Member of the Audit Committee and Coordinator of the Strategy Committee of the corporation Votorantim Cimentos. In the past 5 years, Ms. Freitas Costa worked at Insper University between 2010 and 2015. From 2001 to 2010, Ms. Freitas Costa served as CEO of Booz Allen Hamilton operations (today known as Strategy&). She has also served as a Board Member of Sadia, Gafisa, Technip, RBS Mídia and Marcopolo, in addition to being a member of the Board Committee at the corporations Votorantim Industrial and Bematech. Key Contributions for the Company: Strategic Planning; Management; and Business Vision.

Dennis Herszkowicz Committee Member

Mr. Dennis Herszkowicz was, between 2003 and 2018, a partner and Statutory Officer of Linx S.A., holding different Vice-Presidencies, in addition of being a Member of the Board of Directors from 2011 to 2014. Between 2012 and 2017 he was Chief Financial Officer and Investor Relation Officer, being responsible for the IPO in 2013 and the follow-on in 2016, in addition to conducting 20 acquisitions in that period. Between 2017 and 2018, he was Executive Vice President of New Markets, Business Unit focused on Fintech. Prior to Linx, he was Managing Director (Diretor Geral) of DeRemate.com in Brazil, founder and CEO of Gibraltar.com, as well as involved with Unilever and Credicard S.A. He holds a degree in Advertising and Marketing from ESPM.

Guilherme Stocco Filho Committee Member

Mr. Stocco has extensive background in creating digital businesses and business transformation with over 20 years of experience. Responsible for successful projects at Banco Digital (Banco Original), Venture Capital (Koolen & Partners), Mobile and E-commerce (Buscapé), Internet Platforms (Microsoft), and Advertising (TeRespondo). He is currently a member of Advisory Committees of the Board of Directors of TOTVS and Banco Original. Keynote speaker on Trends and Innovation, with more than 120 lectures in Brazil, LATAM, Canada, United States, Denmark, and the United Kingdom. Bachelor in Business Administration from Fundação Armando Alvares Penteado – FAAP University in 1997, with an MBA in Management from Insper in 2010; postgraduate in Marketing Management from FAAP in 2007 and Marketing certificate from Berkeley, University of California, USA, in 1996. Key contributions for the Company: Digital Business Management; Innovative Vision in Technology; and Entrepreneurship.

Laércio José de Lucena Cosentino Committee Member

Mr. Cosentino is the founder and chairman of the Board of Directors of TOTVS, the largest technology company in Brazil. Graduated in Electrotechnical Engineering from the Polytechnic School of the University of São Paulo (USP), his career and history were consolidated in the IT sector especially by founding the corporation TOTVS in 1983. The Company is an absolute leader in Brazil, being present in 41 countries. Laércio Cosentino is a member of the Decision-making Board of the Brazilian Association of Information and Communication Technology Companies (Brasscom), a member of the Consulting Board of Cristália, chairman of the Board of Mendelics, Board Member of Brain4care, among other activities. Key Contributions for the Company: Entrepreneurship; Human Capital Strategy in Technology; Innovative Vision in Technology; and a renowned businessman in the technology sector and in Brazil.

The Strategy Committee will be composed of up to four (4) members, with three (3) being Directors, with the majority being independent, and the Company’s Chief Executive Officer will participate as a permanent guest in the meeting and without the right to vote.

The responsibilities of the Strategy Committee are:

(i) Analyze and discuss topics relevant to building the Vision of the Future / Strategic Plan and evaluate the Company’s actual capacity to deliver them;

(ii) Evaluate the proposals from the Board of Executive Officers to execute the Vision of the Future / Strategic Plan;

(iii) Evaluate the proposals from the Board of Executive Officers for possible merger and acquisition operations (M&A) to execute the Vision of the Future / Strategic Plan;

(iv) Provide opinion on proposals from the Board of Executive Officers and submit it to the Board;

(v) To monitor the progress of proposals from the Board of Executive Officers at the Board and suggest corrections, if necessary;

(vi) Inform the Board of the status of Board of Executive Officers’ proposals; and

(vii) Perform a self-appraisal of its activities and identify opportunities for improvement.

Last updated on July 13, 2020
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