Board of Directors

Mr. Laércio José de Lucena Cosentino is the founder and Chairman of the Board of Directors of TOTVS and a member of the Strategy Committee, Governance and Nomination Committee, and People and Remuneration Committee. Graduated in Electrical Engineering from the Polytechnic School of the University of São Paulo (USP), his career and history have been consolidated in the IT sector, especially with the founding of TOTVS in 1983. The company is the absolute leader in Brazil and operates in 41 countries. Laércio Cosentino is Chairman of the Board of Directors of the Brazilian Association of Information and Communication Technology Companies (Brasscom), Chairman of the Board of Mendelics, and a member of the Board of A.C. Camargo Cancer Center, among other activities. Main Contributions to the Company: Experience on Boards; Executive Career in Public and/or Large Companies; Reference Businessman in the Technology Sector and in Brazil; Institutional Performance and Engagement; Entrepreneurship; Corporate Governance; M&A; Disruptive Business Model; Human Capital and Culture Strategy; Cybersecurity; Diversity and Inclusion; Capital Markets; Information Technology; Sales and Distribution.

Ms. Maria Letícia de Freitas Costa holds a degree in Production Engineering from the Polytechnic School of the University of São Paulo (USP) and an MBA from the Samuel Curtis Johnson School of Management at Cornell University. She currently serves as an Independent Director and Coordinator of the Strategy Committee at TOTVS S.A., is a partner at SLP Consultoria e Treinamento Ltda., an Independent Director and Coordinator of the Audit, Risks and Compliance Committee at Localiza S.A., an Independent Director at Mapfre S.A., an Independent Director at Auren Energia S.A., and an Independent Director and Coordinator of the Audit Committee at Mobly S.A. From 2001 to 2010, Ms. Letícia served as President of the operations of Booz Allen Hamilton (now Strategy&). She has also served as a Director at Embraer, Sadia, Gafisa, Technip, and Marcopolo, in addition to being a Board Committee Member at Votorantim Industrial, Votorantim Metais, CBA, and Bematech. Main Contributions to the Company: Experience on Boards; Executive Career in Public and/or Large Companies; Experience in the Technology Sector; Entrepreneurship; Finance and/or Corporate Accounting; Risk Management; M&A; Disruptive Business Models; Information Technology; Sales and Distribution.

Mr. Edson graduated in Business Administration from Faculdade Metropolitanas Unidas (FMU) and holds an MBA in Marketing from Instituto Brasileiro de Mercado de Capitais (IBMEC). He has over 41 years of experience in the financial segment of renowned national and multinational organizations, including as CEO of banks and technology companies, President of an insurance brokerage, and director in various positions. He is a graduate of IBGC and has experience as a member of boards and governance committees. He has a global and integrated strategic view of business, product portfolios, insurance, marketing, sales and operations, digital banks, as well as their impacts and metrics on business and results. He currently serves as a member of the Board of Directors of Banrisul Icatu Participações S.A. (“BIPAR”), Independent Consultant of Cresol Confederação, member of the Advisory Council of Lighthouse Soluções em Informática Ltda, and Strategic Advisor at Nassar & Nassar Consultoria Empresarial. As an executive, he was Chief Executive Officer at Fiserv do Brasil Instituição de Pagamento, Chief Executive Officer at Banco Triângulo S.A., Executive Director of Products and Business and Chief Executive Officer at Banco Cooperativo Sicredi S.A., President of Corretora de Seguros, Executive Superintendent of Products and Retail Services at Citigroup – Global Consumer Bank, and Relationship Manager and Sales Manager at Banco Nacional S.A. Main contributions to the Company: Experience on Boards; Executive Career in Public and/or Large Companies; Experience in the Technology Sector; Institutional Performance and Engagement; Entrepreneurship; Finance and/or Corporate Accounting; Risk Management; Corporate Governance; M&A; Disruptive Business Model; Human Capital and Culture Strategy; Diversity and Inclusion; Information Technology; Sales and Distribution.

Mr. Gilberto Mifano holds a degree in Business Administration from the São Paulo Business Administration School of Fundação Getulio Vargas (1972). Currently, at TOTVS S.A., in addition to serving as an Independent Director, he is the Coordinator of the Statutory Audit Committee and a member of the Governance and Nomination Committee. Mr. Gilberto is also an Independent Director and Coordinator of the Audit, Risk Management and Finance Committee of Natura & Co. Holding S.A., Independent Director and Coordinator of the Audit Committee of Construtora Pacaembu S.A., Advisory Director of Pragma Gestão de Patrimônio Ltda., and Fiscal Councilor of the Arapyaú Institute of Education and Sustainable Development. In the last 5 years, he has served as Independent Director of Cielo S.A. until April 2022, of Ambar S.A. until 2017, Fiscal Councilor of Instituto Natura until 2017, of CIEB – Innovation Center for Brazilian Education until 2023, and Independent Member of the Sustainability and Governance Committee of Banco Santander Brasil S.A. until 2016. Previously, he was CEO of the São Paulo Stock Exchange (BOVESPA) and of Companhia Brasileira de Liquidação e Custódia (CBLC) between 1994 and 2008, Chairman of the Board of Directors of BM&F BOVESPA S.A. – Bolsa de Valores, Mercadorias e Futuros (BVMF) from 2008 to 2009, and Director, Vice-President and President (pro bono) of the Brazilian Institute of Corporate Governance (IBGC) between 2006 and 2012. Internationally, he was a member and Vice-President of the Executive Committees of the World Federation of Exchanges (WFE) and the Ibero-American Federation of Exchanges (FIAB) between 1999 and 2007. Main contributions to the Company: Board experience; Executive career in public and/or large companies; Institutional engagement; Finance and/or corporate accounting; Risk management; Corporate governance; M&A; Human capital and culture strategy; Cybersecurity; and Capital markets.

Mr. Guilherme Stocco Filho has extensive experience in creating digital businesses and business transformation, with more than 20 years of experience. He was responsible for successful projects in Digital Banking (Banco Original), Mobile and E-commerce (Buscapé), Internet Platforms (Microsoft), and Advertising (TeRespondo). He is currently a member of the Board of Directors and the Strategy Committee of TOTVS S.A., a member of the Board of Directors of Vinci Partners, and Co-founder of Futurum Capital. He was a member of the Advisory Board of B3 S.A. – Brasil, Bolsa, Balcão, Grupo Carrefour Brasil, Hapvida, and Cielo S.A. Speaker on Trends and Innovation, with more than 120 lectures delivered in Brazil, Latin America, Canada, the United States, Denmark, and the United Kingdom. He holds a degree in Business Administration from Fundação Armando Alvares Penteado – FAAP (1997), a postgraduate degree in Marketing from the same institution (2007), an MBA in Management from Insper (2010), and a Marketing certificate from the University of California, Berkeley (1996). Main Contributions to the Company: Experience on Boards; Executive Career in Public and/or Large Companies; Experience in the Technology Sector; Entrepreneurship; M&A; Disruptive Business Models; Cybersecurity; Information Technology; Sales and Distribution.

Ms. Ana Claudia Piedade Silveira dos Reis holds a degree in Computer Science from the Pontifical Catholic University of Minas Gerais (PUC-MG) and a master’s degree in Information Science from the Federal University of Minas Gerais (UFMG). She is an Independent Director and Coordinator of the People and Remuneration Committee at the Company. With more than fifteen years of experience in executive recruitment for the Technology, Media, Telecommunications, Services, E-Commerce, Private Equity, Venture Capital, Startups, Education, and Real Estate sectors, she is a senior partner at Kingsley Gate Partners and responsible for the company’s operations in Brazil. Additionally, she brings to the Company her solid experience in management and technology consulting, working on issues related to attraction, recruitment, retention, and people management, having also advised the Company in the succession process that resulted in the hiring of the current CEO. Main contributions to the Company: Executive Career in Public and/or Large Companies; Experience in the Technology Sector; Entrepreneurship; Human Capital and Culture Strategy; Diversity and Inclusion.

Ms. Tania Sztamfater Chocolat holds a degree in Production Engineering from the Polytechnic School of the University of São Paulo (USP). She is currently Senior Director, responsible for the Active Equities area for Latin America and Head of the São Paulo Office at Canada Pension Plan Investment, where she has worked since 2017. At TOTVS S.A., she serves as an Independent Director and member of the Statutory Audit Committee. She has also served, since April 2019, as an Independent Director and member of the People and Sustainability Committee at Equatorial Energia. Ms. Tania is also a member of the board of LAVCA – Association for Private Capital Investment in Latin America. Previously, she was responsible for managing illiquid investments at Raiz Investimentos in 2016, and for Private Equity investments in Brazil at Capital Group, between 2013 and 2016. She served as an alternate member of the Board of Directors at STP (Sem Parar). Between 2004 and 2013, she worked in the Investment Banking, Private Banking, and Equity Research areas of Banco Unibanco S.A. and Itaú Unibanco S.A. She was Head of the Solution Partners area at Itaú Private Bank, Senior Director at Itaú BBA, and Director, Head, and Senior Analyst for the consumer and retail sector in the Equity Research area at Banco Unibanco S.A., having also worked in the Investment Banking area at Banco JP Morgan between 1999 and 2002. Main Contributions to the Company: Experience on Boards; Executive Career in Public and/or Large Companies; Finance and/or Corporate Accounting; Risk Management; Corporate Governance; M&A; Cybersecurity; Capital Markets.