Management and Board of Directors

Lopes’ board of directors is its decision-making body responsible for establishing general guidelines and policies for its business, including its long-term strategies. Among other things, the Company’s board of directors is also responsible for appointing and supervising its executive officers, as well as for selecting and hiring its independent auditors. Decisions of Lopes’ board of directors are taken by majority vote of directors present at any meeting. The Company’s board of directors has ordinary meetings every three months. The chairman of its board of directors, the vice-chairman of its board of directors, the majority of its directors or its board of executive officers may call for extraordinary meetings of the board of directors at any time. .

According to Lopes’ by-laws, its board of directors must consist of a maximum of nine members. Each member may be its shareholders, and there is no minimum required amount of shares to be held by each member. The members of the board of directors are elected at annual shareholders’ meetings for a unified term of two years, considering each year as the period between two annual shareholders’ meetings. Members are subject to re-election or removal at any time during any shareholders’ meeting.

The current members of Lopes’ board of directors were elected at the Ordinary and Extraordinary Shareholders’ Meetings, under the terms of the Article 15 of the Company’s bylaws, until the 2026 Ordinary Shareholders’ Meeting.

Name Office

Mr. Christianini is the chairman of Lopes’ board of directors. He is an accounting technical expert from the Escola Olavo Bilac and a graduate in law from the Pontifícia Universidade Católica de São Paulo, where he also completed a specialization course in corporate law. Mr. Edward joined Lopes in 1975 and accumulates almost four decades of experience in the Brazilian real estate market. He is an effective member of the board of directors since 2006, having also held the position of Legal Director.

Mr. Francisco Lopes Neto is vice-chairman of the Company’s board of directors and its COO. He is the founder and current CEO of CrediPronto. He graduated at the School of Engineering of Mackenzie University. He has over 30 years of experience in the real estate market, having founded Desim Desenvolvimento Imobiliário Ltda. He previously was Lopes financial officer and its operations officer. He is a member of the Advisory Board of the USP Faculty of Medicine and is a member of the Board of Directors of AACD (Association for Assistance to Disabled Children).

Mr. Marcos Lopes is a member of Lopes’ board of directors and its CEO. He graduated in Civil Engineering at the Engineering School of Mackenzie University in 1986. Before joining the Company, he was an intern at real estate development companies, construction companies and advertising agencies. He started his career at Lopes in 1986 and has more than 40 years of experience in the real estate market. Foi eleito vice-presidente de Intermediação Imobiliária e Marketing do SECOVI-SP para o biênio 2022 / 2024.

Marcello Rodrigues Leone holds the position of Head of Capital Markets LatAm at GTIS Partners. Previously he was a partner and CFO at Captalys. He was CFO and IR Officer at Lopes, having been responsible for both its IPO in 2006 and its Follow On Offering in 2010, and over 21 M&A transactions in the same period. He began his career as a trainee at Arthur Andersen where he stayed until becoming a Senior Consultant. He then became MIS/IR Manager at Credigy and later was one of the executives responsible for the divestment process of the Atlantica Residencial company in Brazil for its shareholders Prudential Real Estate Investors, Icatu, CDP and GIC. He holds a bachelors degree in Economics from the University of São Paulo an MBA from INSEAD and attended a Digital Strategy Executive Education Course from Harvard Business School.

Mr. Prado is an effective member of the Company’s Board of Directors. He holds a doctorate in international law from the University of Paris X – Nanterre, where he also specialized in international trade. With a master’s degree in international trade law from the University of São Paulo, Mr. Prado completed his degree in 1991, earning a bachelor’s degree in Law from the University of São Paulo. He is an associate member of the ICC Institute of World Business Law, the Brazilian Arbitration Committee and the Societé de Législation Compareé.

Mr. Mario Spinola joined Principia Capital Partners in December 2017. He was previously a founding partner of Victoria Capital Partners and DLJ South American Partners based in São Paulo. In 1996, Mr. Spinola joined Banco Garantia, after working in private equity and mergers and acquisitions with International Venture Partners and Capitaltec Consultoria Econômica for four years. During his 10-year stay with Banco Garantia and Credit Suisse, Mr. Spinola was responsible for executing and monitoring private equity investments in TAM Linhas Aéreas, América Latina Logística and NET Serviços. Mr. Spinola graduated in civil engineering from the Pontifical Catholic University of Rio de Janeiro and received an MBA from the Kellogg Graduate School of Management at Northwestern University. Mr. Spinola served on the board of Cellera Farma, having previously served on the board of Damásio Educacional, Grupo Technos, América Latina Logística, Brazil Trade Shows and TAM Linhas Aéreas.

Mr. Marcelo Barbará has more than 40 years of experience in the financial market and is a co-founder of Lanx Capital (2003) and Cambuhy Investimentos (2010). Marcelo is a board member of several startups and for 10 years he was CEO and board member of RB Capital. Previously, he was a partner at Banco Garantia and executive director at Credit Suisse, where he worked as a fixed income trader, COO and in recent years as Head LATAM for the fixed income, foreign exchange and derivatives markets. At Credit Suisse, he also participated in the Brazilian Executive Committee. Mr. Marcelo was a director at Anbima and a member of the Monetary Policy Committee and the Ethics Committee. Among his pro bono activities, Marcelo is co-founder and board member of Instituto Proa and board member of Positive Ventures. Previously, he was a board member of Instituto Four. Mr. Marcelo graduated from FGV/RJ, has a postgraduate degree in finance from FGV/SP, participated in the Owner President Management program at Harvard University and is a DCI Fellow at Stanford University.

Ms. Beatriz Machert built her professional career working in finance and M&A. Currently, she works as Director of Intelligence and Business at UOL, a reference company in content and technology. Before that, she played different roles at LPS Brasil for more than a decade, holding positions as Director of Investor Relations and has previous experience working in Strategic Planning and New Business. Beatriz has a degree in Economic Sciences from the Pontifical Catholic University of São Paulo and an executive MBA from Fundação Dom Cabral.

The members of Lopes’ executive board are its legal representatives and are primarily responsible for managing its day-to-day operations and implementing the general policies and guidelines set forth by the Company’s board of directors.

Under Brazilian corporation law, each executive officer must be a Brazilian resident but is not required to be Lopes’ shareholder. Furthermore, not more than one-third of its directors may serve as members of its board of executive officers.

The Company’s executive officers are appointed by its board of directors for a term of two years, considering each year as the period between two annual shareholders’ meetings, and may be removed by the board of directors at any time. According to Lopes’ by-laws, its board of executive directors will be composed of up to 10 officers.

Currently, the Company’s board of officers consists of four officers, appointed at a Board of Directors’ Meeting held on May 8, 2024. The Board’s term of office is until the first meeting of the Board of Directors subsequent to the 2026 OGM.

Name Office

Mr. Marcos Lopes is the Company’s CEO. He graduated in Civil Engineering at the Engineering School of Mackenzie University in 1986. Before joining the Company, he was an intern at real estate development companies, construction companies and advertising agencies. He started his career at Lopes in 1981 and has more than 40 years of experience in the real estate market.

Mr. Paim has a bachelor’s degree from the State University of Rio de Janeiro. At Lopes, he worked as national financial director, director of Lopes RJ, Lopes Nordeste. He is currently Director Financial and New Business Executive. He has 18 years of experience in the real estate market, having worked at empresas ECIA Irmãos Araújo Engenharia, Holding Imobiliária of Banco Icatu, Atlântica Empreendimentos and Atlântica Residencial.

Mr. Cyro holds a degree in Civil Engineering from the Polytechnic School of Uiversidade de São Paulo, with a post-graduate degree in Business Administration from Fundação Getúlio Vargas. Active in the real estate market since 1990, he was commercial superintendent of DESIM Desenvolvimento Imobiliário and partner of G4 Realty Incorporação e Participações. Since 2004 he has been the Developer Relations Director of the LPS Brasil Group, having been the general director of Itaplan Consultoria de Imóveis, a company controlled by the Lopes Group between 2013 and 2017. He currently serves as the Company’s Technical Director and Investor Relation Director.