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Board of Directors and Management

Board of Directors and Management

Board of Directors and Management

BOARD OF DIRECTORS

Name Position
José Augusto C. Aragão Chairman of the Board

He founded Armac in 1994 and has worked exclusively for the company ever since. Prior to this, Mr. José also served as an effective member of Armac’s Board of Directors in 2021.

André Marafon Vice-President of the Board and Independent Member

Partner at Gaia Co., founded in August 2021. He was a partner at Gávea Investimentos, where he worked from August 2016 to July 2021.He was an associate at Credit Suisse Bank from 2012 to 2016. He was also an analyst at Banco WestLB London in 2011. He is currently a member of the Board of Directors of Natural One S.A. and several of its committees. He is a Supervisory Board Member of Arca +.

Fernando Aragão Member of the Board and CEO

Economist graduated from Insper, he has served as Chief Executive Officer and Chief Financial Officer since 2015 when he joined the Company. Prior to Armac, he served on the financial advisory team at Rothschild & Co.

José Augusto P.Aragão Member of the Board

With a degree in Business Administration from FGV/EAESP, José Augusto Aragão was Co-CEO and Operations Director.

Luis Henrique Cals de Beauclair Guimarães Member

Mr. Luis Henrique Guimarães holds a degree in Statistics and an MBA in Marketing. Throughout his career, he has held prominent leadership roles in several major companies and organizations. From 2023 to 2025, he served on the Board of Directors of Vale, where he coordinated the Allocation and Projects Committee. In 2025, he was appointed President of the Board of Samarco. Between 2024 and 2025, he also served as a board member of Cosan, of which he was CEO from 2020 to 2023. During his tenure as CEO, he simultaneously served on the boards of Rumo, Compass, Comgás, Moove, and Raízen.

Prior to that, he was CEO of Raízen from 2016 to 2020 and CEO of Comgás from 2013 to 2015. Early in his career, he was Director of Operations for the Downstream division at Raízen, from 2011 to 2012. From 2004 to 2011, Mr. Guimarães held various global executive positions at Shell Lubricants International, based in London and Houston.

With a strong background in Statistics and an MBA, Mr. Guimarães has also been actively involved in leading industry associations in Brazil. He has served as a member or chairman of the boards of organizations such as IBP, ABEGÁS, and ABRASCA (currently).

Fábio Colletti Barbosa Independent Member

Mr. Fábio Colletti Barbosa has been CEO of Natura since 2022 and a member of the Board of Directors of the Itaú Unibanco Group since 2015. He has been a member of the Boards of Directors of the Natura Group since 2017, of Companhia Brasileira de Metalurgia e Mineração (CBMM) since 2015 and of Ambev since 2021. He was Chief Executive Officer of Abril Comunicações S.A. (2011 to 2014); Chairman of the Board of Directors of Banco Santander (Brasil) S.A. (2011); Chief Executive Officer of Banco Santander S.A. (2008 to 2010) and Chief Executive Officer of Banco ABNAMRO/Real S.A. (1996 to 2008). He also held the position of Chairman of the Board of Directors of the OSESP Foundation (2012 to 2019). He has currently been a member of the Board of the United Nations Foundation (USA) since 2011; a member of the Board of Directors of Instituto Empreender Endeavor since 2008 (Chairman since 2015); and a member of the Investment Committee of Gávea Investimentos since 2015. He holds a bachelor’s degree in Business Administration from Fundação Getulio Vargas (FGV), São Paulo, Brazil and a master’s degree in Business Administration from the Institute for Management Development (IMD), Lausanne, Switzerland.

Pedro Henrique da Fonseca Rodrigues Independent Member

Mr. Pedro holds a degree in Production Engineering from the Federal University of Rio de Janeiro (UFRJ) and an MBA from Coppead Business School, with an exchange program at Kellogg. Currently, he is Managing Partner at Bridge One, a growth equity investment firm. Prior to this, he was a partner at Bogari Capital from 2012 to 2020, focusing on the Infrastructure, Utilities, Transportation, Rental, and Properties sectors. He began his career at Bain & Company, where he worked from 2009 to 2011, engaging in projects across the finance, logistics, oil and gas, and telecommunications sectors.

EXECUTIVE BOARD

Name Position
Fernando Aragão CEO

Economist graduated from Insper, he has served as Chief Executive Officer and Chief Financial Officer since 2015 when he joined the Company. Prior to Armac, he served on the financial advisory team at Rothschild & Co.

Marcos Pinheiro CFO & IRO

Mr. Marcos Pinheiro has over 18 years’ experience in management, finance, investor relations and compliance. As an executive, he has worked for major companies in the aviation, tourism, health and telecommunications sectors. He was CFO of Smiles S/A, Tenda S/A and the Comolatti Group, a national benchmark in the automotive spare parts market. Mr. Marcos has a degree in Business Administration from PUC-SP and an MBA from the University of California at Los Angeles – UCLA.

Luciano do Amaral Rocha CCO

Luciano has 25 years of experience in the machinery industry, acting in different positions in multinational companies. He began his career in After-sales Support for CNH Agriculture. At Volvo CE, was the Head of After-sales and LATAM Commercial Director and then spent 6 years as a Vice-President at Komatsu Construction Equipment in Brazil. Luciano holds a degree in Engineering at Unicamp, an MBA at UNIP and a specialization in Marketing
at FAE Business School.

AUDIT COMMITTEE

Name Position
Mauricio Aquino Halewicz Coordinator

Mr. Maurício Aquino Halewicz holds a Bachelor’s degree in Accounting Science from the Federal University of Rio Grande do Sul, a postgraduate degree in Corporate Finance from Fundação Getulio Vargas (FGV), and completed a Management Development course at Darden Business School, University of Virginia. Since December 2019, he has served as Chief Financial Officer of Nebras Power Latin America and its subsidiaries, affiliated with Qatar Electricity and Water Company.

From 2012 to 2019, he held the same position at Contour Global, SPIC Brasil, and Pacific Hydro Energias do Brasil. Prior to that, he was Director of Controllership and Investor Relations at Rede Energia, and also worked as a Controller at AES Sul and Rio Grande Energia.

Currently, he is the Chairman of the Audit Committees at Athena Saúde S.A. and Armac Locação, Logística e Serviços S.A. He was a Fiscal Auditor at Klabin S.A. from 2019 to 2023 and has been a member of the Audit Committee at Fibria S.A., later serving as President of the company’s Fiscal Council from 2009 to 2019.

Evandro Rezera Member

Evandro Rezera has extensive professional experience, having worked for 12 years at PwC, focusing on auditing and preparation of financial statements. He also served as CFO in large companies in Brazil and abroad, such as Sanofi and Mondelez. At Sanofi, he also held the position of Vice President of Internal Audit, responsible for auditing operations in Europe, Africa, Middle East, Eurasia and corporate functions.

He graduated and held a master’s degree in accounting, having attended a Master of Business Administration at USP in 2007, in addition to having taken, in 2020, a specialization course in Digital Strategy at MIT

Andre Marafon Member

Partner at Gaia Co., founded in August 2021. He was a partner at Gávea Investimentos, where he worked from August 2016 to July 2021.He was an associate at Credit Suisse Bank from 2012 to 2016. He was also an analyst at Banco WestLB London in 2011. He is currently a member of the Board of Directors of Natural One S.A. and several of its committees. He is a Supervisory Board Member of Arca +.