Management, Boards and Committees

Bernerd Raymond Da Santos Ávila has been a member of the Board of Directors of the Company since January 2016. He holds a Bachelor’s degree Cum Laude in Business Administration and Public Administration by the Universidad José María Vargas, with Cum Laude Graduation in Business Management and Finance, Cum Laude MBA by Universidad José María Vargas and completed the Advanced Program at Instituto de Estudios Superiores y de Administración (IESA) in Caracas, as well as the AES Leadership Program in the Darden School. He currently serves as (i) Executive Financial Vice President in AES Group for Latin America and Africa, position held since July 2005; (ii) Executive Finance Director at AES Global Utility, since October 2011; (iii) Chairman of the Board of Directors at AES Uruguaiana Empreendimentos S.A.; and (iv) a member of the Board of Directors at Eletropaulo Metropolitana Eletricidade de São Paulo S.A., AES Tietê Energia S.A., AES Gener S.A. (a publicly held company), Companhia de Alumbrado Electrico de San Salvador (CAESS), Empresa Electrica de Oriente (EEO), Companhia de Alumbrado Electrico de Santa Ana, Electricidad de La Plata (EDELAP), AES Chivor & Cia S.C.A. E.S.P. (a publicly held company), AES Sonel and Dayton Power & Light, companies whose main activity is the operation in the electrical energy sector. He has 25 years’ experience in international corporate finance in the sector of generation, transmission and distribution services in Latin America, and recently, in Africa. Moreover, he has also held the position of (i) Chief Financial Officer and Controller of The AES Corporation in Venezuela, El Salvador and Colombia, from May 2000 to June 2005; and (ii) deputy director of the Company from April 2009 to April 2015. Bernerd Ávila has no criminal conviction, no conviction in a CVM administrative proceeding, or any conviction passed in the judicial or administrative sphere, that has suspended or disqualified the practice of professional or commercial activity.

Charles Lenzi is currently Chief Executive Officer of the Brazilian Association of Clean Energy Generation (ABRAGEL). He obtained a degree in electrical engineering from the Pontifical Catholic University of Rio Grande do Sul (PUCRS) in 1981, completed a specialization program in Industrial Automation from UNICAMP in 1987 and obtained an MBA from PUCRS in 2015. He has an MBA in Finance from the University of Caxias do Sul (1998) and in Strategic Planning and Management of Business from Fundação Getulio Vargas (1999). He participated in the Global Executive Leadership Retreat at the Georgetown University in 2017 and the Leadership Development Program at the Darden Business School of the University of Virginia in 2006. In 2007 he participated in the Advanced Management Program (PGA) of Fundação Dom Cabral -INSEAD. In 2016, he attended the Directors Education program of IBGC. In recent years, Charles served as Chief Executive Officer of Eletropaulo Metropolitana Eletricidade de São Paulo S.A. (a publicly-held electricity company) from April 2016 to December 2018 and as Executive Vice President of AES Tietê Energia S.A. (a publicly-held electricity company) from April 2016 to November 2017. He also served as Executive Officer of the Stefani Group (from 2008 to 2010) and held several positions in the AES Group in Brazil, India and Venezuela between 1998 and 2008. Charles Lenzi has not been criminally convicted or convicted in any administrative proceeding of the CVM, or subject to any final and unappealable conviction in a legal or administrative proceeding that suspended or disqualified him from exercising any professional or business activity in the last five years.

Denise Damiani obtained a systems engineering degree from the University of São Paulo in 1982, completed an MBA Executive Program from the Harvard Business School in 1996 and from the International Institute for Management Development (IMD) in 2007, and a post-doctorate program in Cultural Biology from the Matriztico Institute, Chile. Since 2000 she has served as director of companies such as Itaú S.A., Accenture, Bain & Co, Brasilata, Química Amparo, Educando Worldfund and Premix. She also the held the following executive positions: (i) partner at Accenture from 1996 to 2010; (ii) statutory vice-president of Itautec S/A from 2010 to 2011; and (iii) partner at Bain & Co from 2012 to 2015. She also served as Chief Diversity Officer (CDO) of Accenture and as member of the strategy and innovation committees at Accenture, Bain & Co, Química Amparo and Brasilata. She is the founder and director of the NGO Mulheres do Brasil and is a guest professor of the entrepreneurship program at the University of São Paulo. She has not been convicted in any criminal or administrative proceeding of the CVM, or in any judicial or administrative crime whose sentence has been final and unappealable, suspended or prevented her from exercising professional or business activity.

Originally from the United States, Mr. MacKay holds a bachelor’s degree in Political Science from Dartmouth College and has executive education certificates from University of Virginia’s Darden School of Business and the Instituto Centroamericano de Administración de Empresas (INCAE) Business School. Since 2004 in the AES Group, he has held various leadership positions in the finance function in the US and Latin America. Mr. MacKay was part of the team that established the Panamá finance hub in 2008 and Indianapolis finance hub in 2013. In his various leadership roles, has executed multiple financing projects and played an active role in the various asset purchases and sales, and other strategic transactions that have helped shape the current US and Mexico, Central America and the Caribbean (MCAC) portfolios. Since April 2022 Mr. MacKay expand his current responsibilities as CFO for MCAC to also include CFO for Eurasia and will lead Strategy and Portfolio Management for the International Businesses operating unit. Prior to his current roles, he has served as the Treasurer and Director of Mergers & Acquisitions for MCAC.

Francisco Jose Morandi Lopez is an Effective Member of the board of directors of the Company since January 2016 and President of the board of directors since March 2022. Originally from Venezuela, Mr. Francisco Jose Morandi Lopez is a civil engineer and holds a Postgraduate Degree in Corporate Finance, a Masters in Business Administration from the Metropolitan University in Caracas, as well as executive leadership programs at the Universities of Georgetown, MIT and the Darden School of Business at the University of Virginia, in the United States. Since November 2020, Mr. Francisco Morandi has been an effective member of AES Brasil Board of Directors and the Vice President of Global Corporate Strategy of The AES Corporation since June 2021, in addition to being a member of the Brasiliana Participações Board of Directors, of the Advisory Board of AES Colombia since March 2022, and the Brazil-US Business Council in Washington since 2019. With over 10 years of experience in AES Brasil, Mr. Francisco Morandi has extensive knowledge of the Brazilian financial and energy market, combined with his extensive international experience, and his contribution to the Company’s Board of Directors will assist the management in the Company’s corporate and financial strategies.

Franklin Lee Feder holds a Bachelor’s Degree from the Escola de Administração de Empresas de São Paulo, of Fundação Getúlio Vargas, and earned his MBA from the International Institute for Management Development (IMD), in Lausanne (Swiss). He started his professional career as an advisor – Adela, Technomic, Booz, Allen & Hamilton – and afterwards provided services as a business leader through a 20+ years’ relationship with Alcoa, over the past ten years as the Regional CEO, Latin America and the Caribbean. Before this office, he has acted as CFO for the region and, residing and New York, he was responsible for the company’s global planning and financial analysis. He is a member of the Advisory Board and Board of Directors of Instituto Ethos, WRI Brasil (World Resources Institute in Brazil), Sitawi-Finanças para o Bem, Unigel S.A., Companhia Brasileira de Alumínio-CBA. Mr. Feder is married and has one daughter, he is an American citizen with permanent residence in Brazil for over 50 years. Franklin Lee Feder has no criminal conviction, no conviction in any administrative proceeding from CVM, nor any unappealable conviction, in the judicial or administrative sphere that has suspended or hindered her practice of any professional or business activity.

Originally from Panamá, Mrs. Madelka McCalla holds a Bachelor of Arts in political science (focused on international relations) and sociology from McGill University, Montreal, Canada. In addition, she holds a Master of Arts in global governance and policy from the Technical University of Darmstadt, Germany. Mrs. Madelka McCalla is AES’ Vice President, Global Stakeholder Relations and Social Impact. Prior to this position, Mrs. Madelka served as Director of Global Stakeholder Relations for Europe, Middle East and Africa (EMEA). Mrs. Madelka McCalla has deep knowledge and experience in government relations, stakeholders and business model development that create corporate and social value. Mrs. Madelka McCalla will support the board in guiding the management to broaden and deepen relationships with local and global stakeholders and identify new business models that create economic and social value.

Mr. Cunha is an independent director, with more than 27 years of experience in capital markets and corporate governance.

He was the CEO of the Associação de Investidores no Mercado de Capitais – AMEC (“the Capital Markets Investors’ Association”) between 2012 and 2019. In the that capacity, he led an organization of 60 institutional investors with app. USD 150 billion under management in Brazilian equities, aiming to improve capital markets and shareholder rights. Before that, he has worked for 18 years in several asset management companies, such as Opus, Mauá, Bradesco Templeton, Investidor Profissional, Banco Pactual, Morgan Stanley Asset Management and Deutsche Morgan Grenfell, among others.

He has also served as a director (2003-2009) and Chairman of the Board of IBGC (2007-2009) – one of the largest corporate governance institutes in the world.

Mr. Cunha has been serving as a member of boards of directors or supervisory boards in Brazilian companies since 1999. In 2013 he became the first independent director nominated by minority investors in Petrobras. Between 2019 and 2020 he served as Chairman of the Board of Caixa Economica Federal. Previous engagements include Vale, brMalls, Totvs, Eletrobras, Usiminas, CESP, Mahle Metal Leve, among others.

He is currently a board member of Embraer (member of the Audit Committee), AES Brasil (member of the Sustainability Committee), Hypera Pharma and Klabin.

Mr. Cunha holds a Bachelor’s degree in Economics from PUC-Rio, an MBA from the University of Chicago Booth School of Business. He is certified by the NACD (NACD.DC), CFA Institute (CFA since 1997), IBGC (CCA+/CC+), Anbima (CGA), and Apimec (CNPI).

Originally from Argentina and currently domiciled in Panama, Mr. Juan Ignacio Rubiolo, a business administrator, holds a master’s degree in Project Management from the University of Quebec, Canada, and a bachelor’s degree in Business Administration from Universidad Austral in Argentina. He also carried out Leadership and Executive Business programs at the University of Virginia Darden School of Business. In 2018, he was appointed president of AES in Mexico, Central America and the Caribbean. In this role, he works in partnership with regional leaders, regulators, customers and communities to transform the energy matrix of entire economies and provide more sustainable and smarter solutions to meet growing energy needs. Mr. Rubiolo has proven experience in business development, risk management and commercial strategy, and combines his knowledge of the energy sector with AES’ global resources and local expertise to accelerate the responsible transition to sustainable energy.

Eduardo Klingelhoefer de Sá is a mechanical engineer graduated from UFRJ (1986), with a post-graduate degree in economics from the same university (1994), and an MBA from the University of Warwick, England. He was the head of an investment fund at BNDES, where he joined in 1985 and held various positions until his retirement in 2018.

In the past five years, in addition to the aforementioned roles, he also held the following positions: (a) coach for junior professionals; and (b) Member of the Board of Directors of Amata S.A. (2018-2020). He is the author of the book “Fragments of My Memories” (2021) and participated in the Fundo Amazônia project (2013-2018).

Originally from Chile, Mrs. Cerda graduated from the Law School of the Pontificia Universidad Católica de Chile and has a Master of Law (LLM) in Commercial and Corporate Law from the London School of Economics and Political Science. Since August 2018, has been Vice President of Legal Affairs and Corporate Secretary of the Board of Directors from AES Andes S.A.. Over the last 15 years, Mrs. Cerda has been focused on the development, construction and operation of energy, natural resources and construction projects. Mrs. Cerda has also been recognized among the leading lawyers in the energy sector in Chile and has been highlighted among the 100 women leaders in Chile. Additionally, since 2017 to date, she has been a WoomUp mentor, dedicated to encouraging other women in both the public and private sectors to grow professionally.

Tiago Brasil Rocha is (i) alternate member of the Fiscal Council of Banco do Brasil and Klabin; (ii) founder of Build from Scratch, a company focused on the growth of new technologies with sustainable impact, particularly in the areas of scale-up and startups related to low-carbon economy and sustainable finance; (iii) partner of the Greentech Business event and the global platform www.greentechbusiness.com; (iv) co-founder of the Greentech Angels fund, and (v) head of the Alumni at the Said Business School – Oxford University in England. He holds a bachelor’s degree in Business Administration from Mackenzie University, a post-graduate degree in Economics from the University of São Paulo, a master’s degree in Business Administration from Fundação Getúlio Vargas, and an Executive MBA from Oxford University – St. Catherine’s College.

In the past five years, in addition to the aforementioned roles, he also held the following positions: (a) executive in the financial and investor relations area at Klabin S.A., and (b) member of the Board of Directors of Gotchosen Inc – Orlando.

João Henrique Ballstaedt Gasparino da Silva, Bachelor of Laws from the CESUSC’s Faculty of Social Sciences of Florianópolis (FCSF), with a graduate degree in Tax Law from the Brazilian Institute of Tax Studies (IBET), an LLM in Tax Law and Tax Accounting (estimated completion this year), holder of a certificate from IBGC (Board of Auditors in Practice), with professional experience at the Gasparino, Roman, Sachet, Barros & Marchiori Sociedade de Advogados law firm (2012 – present) as the partner responsible for the firm’s headquarters in Rio de Janeiro with a focus on tax advisory, trainee in the Centrais Elétricas de Santa Catarina – CELESC (2007-2009) acting exclusively in the tax area, volunteer conciliator in the Special Criminal Court of Florianópolis / SC (06/2006 to 12/2006), as well as performing the activities of speaker at the annual seminar on tax and fiscal issues of the telephone company Oi (2016-2017) and at the Meeting of the Brazilian Association of Tax Studies of Telecommunications Companies (ABETEL).

Lidiano de Jesus Santos has been an accountant at BNDES since 2010. He graduated in Accounting from the University of Grande Rio in 2009, specializing in Financial Accounting from the Federal University of Rio de Janeiro in 2011, and obtained a Master’s degree in Accounting from the same institution in 2013. Currently, he is pursuing a Master’s degree in Business Administration at the School of Business of the Pontifical Catholic University of Rio de Janeiro (IAG/PUC-Rio).

In addition to being an alternate member of the Board of Auditors of the Company since January 2016, Newton Akira Fukumitsu has held the position of Manager of Shared Solutions at Arteris S.A. since August 2014. In recent years, in addition to the aforementioned positions, he held the role of: (i) Managerial Accounting Manager at Eletropaulo Metropolitana Eletricidade de São Paulo S.A. and accountant in charge of other companies in the same economic group, from August 2006 to July 2014; (ii) Accounting Manager at Elektro – Serviços de Eletricidade S.A., from June 1998 to June 2006; (iii) Tax Advisor at Fundação CESP from March 2007 to July 2014; (iv) Tax Advisor at Fundação do Patrimônio Histórico da Energia e Saneamento from January 2001 to June 2006; and (v) Alternate Representative for Elektro Eletricidade e Serviços S.A. in the Investment Committee at Fundação CESP from January 2003 to December 2005.

Raimundo Cláudio Batista holds a Bachelor’s Degree in Accounting Sciences from Universidade Federal de Minas Gerais and an MBA in Controlling from Fundação Instituto de Pesquisas Contábeis, Atuariais e Financeira (FIPECAFI). He is currently: (i) associate of Domingues Sociedade de Contadores since 2015 and B.TAX Consultoria Fiscal Financeira since 2012; (ii) member of the Brazilian Corporate Governance Institute – IBGC, Paraná division, since 2016; (iii) associate and member of the Fiscal Council of IBEF – Brazilian Finance Executives Institute, for the management in 2017 and 2018; (iv) effective member of the Fiscal Council of the Company since April 2017; and (v) member of the Fiscal Council of Eletropaulo Metropolitana Eletricidade de São Paulo S.A. (publicly-traded company acting on electric sector) since April 2017. He was a tax consulting associate at Deloitte Touche Tohmatsu (audit and consulting) from 2002 to 2012. He was previously a tax consulting associate of Arthur Andersen. Over the past 5 years, Raimundo Cláudio Batista has not been subject to the effects of any criminal conviction, any adverse judgment or enforcement of penalty in any administrative proceeding before CVM and any unappealable conviction at judicial or administrative level that would have been as an effect the suspension or inability for the practice of any professional or business activity.

Sergio Foldes Guimarães holds a Doctorate in Business Administration from the Coppead Institute of Administration (2020), with a thesis and published works on Corporate Governance in Brazilian companies. He has a degree in Computer Science from the Federal University of Rio de Janeiro (1993), a Master’s in Management from McGill University (2014), and a Master’s in Business Administration with a focus on finance from the Pontifical Catholic University of Rio de Janeiro (2001), as well as various extension courses in international business and management at institutions such as INSEAD (France) and Esade (Spain). He completed the International Masters Program for Managers with international modules at McGill University (Canada), Lancaster University (England), Renmin University (China), and the Indian Institute of Management – Bangalore (India), as well as extension courses at FGV and Dom Cabral in Brazil. He has been a civil servant at the Brazilian Development Bank (BNDES) since 1993, with 18 years of experience in various executive positions at BNDES, notably in capital markets, international relations, and fundraising, including serving as acting director of BNDES responsible for international and foreign trade areas (2014-2016), director of BNDES PLC (2013-2016), superintendent of the international area (2010-2016), and head of department in the capital markets area (2005-2009). He also served as a board member of Totvs SA from 2009 to 2017 and Tupy SA in 2023, where he currently sits on the finance and strategy committees.

Rogério Pereira Jorge holds a degree in Law from Mackenzie University, an MBA in Business Management from FGV, and an International MBA from FIA-USP. He joined the company 24 years ago as a technician and throughout his career, he has taken on new responsibilities in operations and sales, in leadership positions such as Manager, Director, and Vice President. His knowledge of the energy market has enabled him to play a key role in AES’s growth in Brazil in recent years, having until recently served as the Commercial Vice President.

José Ricardo Elbel Simão holds a degree in engineering from the University of São Paulo and a master’s degree in Business Administration from INSEAD (France). He has also completed postgraduate courses in administration from FGV (CEAG) and the University of California, Berkeley (United States). With nearly 20 years of experience in the financial and infrastructure sectors, he joined AES Brazil in 2015 and has since worked in the areas of strategy and finance. Until recently, he has been responsible for the Treasury and Investor Relations Directorate of the Company.

Carlos Renato Xavier Pompermaier has been Vice President of Legal, Regulatory, Compliance, and Internal Audit at the Company since November 2020 and Vice President of AES Brasil Operações since May 2021. He is a lawyer, graduated in Law from the University of São Paulo, and holds a specialization in Capital Markets from the same university, with a Master of Laws (LLM) from King’s College, University of London.

In the past five years, he has also held the following positions: (a) alternate board member of AES Elpa S.A.; (b) alternate board member of AES Tietê Energia S.A. from April 2018 to July 2019, and (c) Legal and Compliance Director of the AES Brasil Group.