Management

TIM is a publicly-held corporation managed by a Board of Directors, a Statutory Board of Executive Officers, and supervised by a Fiscal Council, which conduct its business ethically and transparently, within the best corporate governance practices..

The Company ensures good faith, loyalty, truthfulness in its business, and is based on four important general principles:

(I) freedom of decision;
(II) access to information;
(III) equal treatment; and
(IV) transparency.

In 2003, TIM adopted a Policy for Disclosure and Use of Information and Trading of Securities, pursuant to the provisions of the Brazilian Securities and Exchange Commission (CVM), to which the Company’s management members adhered by signing an term of acceptance. As part of this policy, a code of conduct was established to be followed by all employees with access to privileged information, in addition to restrictions on negotiations with the Company’s issued securities in certain periods.

The Company is managed by a Board of Directors, a collegiate deliberation body that exercises superior management and is composed of 10 members (4 of whom are independent) with a two-year term, reelection being permitted.

The duties and responsibilities of the members of the Board of Directors are determined by Brazilian law, by the Company’s Bylaws and by the Internal Regulations of the Board of Directors (Portuguese only). All decisions taken by the Board of Directors are recorded in minutes and in the Book of Minutes of the Board of Directors, filed at the Company’s headquarters.

In accordance with the Novo Mercado regulations, the Company fully complies with the rule that the composition of the Board of Directors is at least 2 independent directors or 20%, whichever is greater. The Independent Director is characterized by:

  • Doesn’t have any ties with the organization, except participation that is not relevant in the capital;
  • Doesn’t being a controlling shareholder, spouse or relative up to the second degree of that, or doesn’t being or not been, in the last three years, bound to a company or entity related to the controlling shareholder (persons linked to educational and / or research institutions are excluded from this restriction);
  • In the last three years, has not been the employee or director of the Company, the controlling shareholder or company controlled by the Company;
  • Doesn’t be a supplier or buyer, direct or indirect, of services and / or products of the Company, in a magnitude that implies loss of independence;
  • Doesn’t being an employee or administrator of a company or entity that is offering or demanding services and / or products to the Company, to a degree that implies loss of independence;
  • Doesn’t be a spouse or relative to second degree of any administrator of the Company;
  • Doesn’t receiving any other remuneration from the Company other than that relating to the position of director (cash proceeds from participation in capital are excluded from this restriction);
  • Also considered independent members, those elected in the form of art. 141, §§ 4 and 5 of the LSA.

The Board of Directors meets ordinarily once a quarter and extraordinarily upon a call made by its Chairman, or by any two Directors, or by the Company’s Chief Executive Officer. The Chairman of the Board of Directors may invite any member of the Board of Executive Officers, other officers of the Company, as well as third parties who may contribute opinions or recommendations related to matters to be resolved to attend meetings of the Board. Those invited to attend meetings of the Council shall not have the right to vote.

The following list presents the current effective members of the Board of Directors and their respective positions:

Name Title Election Date
Nicandro Durante Independent Board member March 30, 2021
Flavia Maria Bittencourt Independent Board member March 30, 2021
Gesner José de Oliveira Filho Independent Board member March 30, 2021
Herculano Aníbal Alves Independent Board member March 30, 2021
Agostino Nuzzolo Board member March 30, 2021
Carlo Nardello Board member March 30, 2021
Elisabetta Romano Board member March 30, 2021
Sabrina Di Bartolomeo Board member March 30, 2021
Michele Valensise Board member March 30, 2021
Pietro Labriola* Board member March 30, 2021

Nicandro Durante. Mr. Durante is a Brazilian and Italian citizen, born in September 1956, with a bachelor’s degree in Business Administration issued by Pontifical Catholic University (Pontifícia Universidade Católica), Brazil. With almost forty years of experience in the tobacco industry, since 2011 Mr. Durante has served as Chief Executive Officer at British American Tobacco, where he has held several top management positions during the past decades, including Corporate Chief Financial Officer, Regional Director, Executive Director, Chief Operating Officer. Mr. Durante is non-executive Director and Senior Independent Director at Reckitt Benckiser, a leading company in the health and care industry, and Chairman of TIM Participações’ Board of Directors and of the Compensation Committee.

Carlo Nardello. Mr. Nardello is an Italian citizen, born in Rome, Italy, with a University Degree in Economics issued in 1988 by LUISS (Libera Università Internazionale degli Studi Sociali). Mr. Nardello has over 20 years of experience in the industry of broadcasting and communications. From November 2016 through 2018, he was co-founder and CEO of CscVision, a consulting firm in media and marketing, as well as, starting from May 2017, Chief of Staff of the Special Commissioners of Alitalia (Italy’s national airline). From May 2000 through November 2016 he held various offices at RAI Group (Rai − Radiotelevisione Italiana S.p.A., Italy’s public television and media company). Before that, he worked at Lego Company, The Walt Disney Company and Johnson and Johnson. Mr. Nardello is currently a Professor of Digital Marketing at La Sapienza University in Rome, Professor of Media Economics at LUMSA University in Rome, and he was also Professor of Marketing at UNISOB in Naples. He is the author of books on television marketing and in the digital market. He has been serving as Chief Strategy, Customer Experience and Transformation Office at Telecom Italia S.p.A (the Italian TLC incumbent) since January 2019. He has been Chairman of the Board of TIM Vision S.r.L. since March 2019, Chairman of the Board of TIM Ventures S.r.L. and a board member of Inwit S.P.A. since May 2019. He has been a board member of TIM Participações S.A. since March 2019 and a board member of its Compensation Committee since April 2019, and Chairman of the Board of TIM S.A. since October 2019.

Pietro Labriola. Mr. Labriola is an Italian citizen, of Altamura, Bari, Italy, with a degree in Administration from Universidade de Studi of Bari, Italy, in 1991, and a master’s degree in Innovation and Technology Management from ASMIT Advanced School of Bari, Italy, in 1993. With over 25 years of experience in the telecommunications sector, Mr. Labriola assumed the position of Chief Operating Officer at TIM Participações between December 2015 and August 2018; the position of Chief Operating Officer of TIM Celular S.A. between April 2016 and August 2018; the position of Chief Operating Officer of TIM S.A. between May 2016 and August 2018; the position of Chief Executive Officer of TIM S.A. between February 2017 and May 2018. Prior to this, he held the following positions in the Telecom Italia group: Chief Transformation Officer from 2013 through 2015, Executive Vice President Business Market from 2009 through 2012, Executive Vice President Fixed Line Services from 2007 through 2008, Executive Vice President Marketing from 2001 through 2006. From 1996 through 2001, Mr. Labriola held positions as Marketing Director and Business Director at Infostrada Serviços de Comunicações Fixas. Mr. Labriola took office as Chief Executive Officer of TIM Participações on April 3, 2019; as Chairman of the Board of TIM Participações on April 1, 2019; as Chairman of the Board of TIM Brasil Serv. e Part. S.A. on July 2, 2019; as Chief Executive Officer of TIM S.A. on May 15, 2019; and as member of the Board of TIM S.A. on October 29, 2019.

Herculano Aníbal Alves. Mr. Alves has developed his professional career in the financial market and has acted as an executive in companies of the Bradesco Group, ABN AMRO Bank, Unibanco and Banco Bozzano Simonsen. He is currently a member of the Fiscal Councils of Cielo, Grendene, and of the Board of Directors and of the Financial and Risks Committee of Marfrig. He is also a Board member of TIM Participações S.A. and of its advisory committees, namely, the Statutory Audit Committee(as Financial Expert) and the Control and Risks Committee. He holds a bachelor’s degree in Economics from PUCSP and a master’s degree from the School of Business Administration of São Paulo at Fundação Getulio Vargas (EAESP/FGV), with an extension course at Kellogg. His academic training also includes executive education in Risk, Compliance and Governance by the Risk University of KPMG.

Elisabetta Romano. Ms. Romano is an Italian citizen, born in Milan, Italy, with a Master in Computer Science issued by the University of Salerno – Fisciano (Italy) in 1987. She has over 30 years of experience in the industry of telecommunications, information technology and media, in the United States and Europe. Before being appointed, on July 1, 2018, Chief Technology Officer, at Telecom Italia S.p.A., Ms. Romano developed her career at Ericsson Group, where she worked from 1998 through 2018, holding various top management positions. She was honored as one of the 2017 Top 50 Women in Technology by the National Diversity Council. She is currently Chief Innovation & Partnership Office at Telecom Italia S.p.A.. She has been a board member of TIM Ventures S.r.L. since May 2019 and a board member of INWIT S.P.A. since March 2020. She has been a board member of TIM Participações S.A. since March 2019.

Gesner José de Oliveira Filho. Mr. Oliveira is a partner of GO Associados and Professor of Economics at Getulio Vargas Foundation. He has been certified as an independent board member by IBGC (Brazilian Institute of Corporate Governance). His expertise includes public and private entities. At present, he is a member of TIM Participações S.A.’s Board of Directors and of its advisory committees, namely, the Statutory Audit Committee, as its Coordinator, and of the Control and Risks Committee. He is also a member of the Board of Directors of Braskem, Iguá Saneamento S.A. and Estre Ambiental, as well as a member of the Self-Regulation Council of FEBRABAN. His past experience in Boards included being a member of the Board of Usiminas, Sabesp, CESP, Nossa Caixa and Varig. In addition, Mr. Gesner is a member of the Board of Administration of Iguá Sustainability Institute, and CIEE, nonprofitable institutions. His previous positions include being the CEO of Sabesp – Companhia de Saneamento Básico do Estado de São Paulo (2007-11), one of the largest water companies in the world; President of CADE, the federal antitrust authority (1996-2000); Deputy Secretary for Economic Policy (1993-95) and Secretary for Economic Monitoring (1995), both at the Ministry of Finance. He received his PhD in Economics from the University of California (Berkeley), his Master’s degree from the University of Campinas and Bachelor’s degree from the University of São Paulo. He has worked as a private consultant since the 1990s and published several books and articles in national and international journals. His work has focused on competition policy, macroeconomics and infrastructure which are related with his experience at CADE, Ministry of Finance and Sabesp, respectively.

Agostino Nuzzolo. Mr. Nuzzolo is an Italian citizen, born in Caserta, Italy, with degrees in Law, Economics and in Sciences of Economic and Financial Security. From 1986 to 2006, Mr. Nuzzolo served at Guardia di Finanza. From 2006 to 2016, Mr. Nuzzolo served as Group General Counsel, as Head of Fiscal Affairs, as Director of Fiscal and Legal Affairs and Compliance at Italcementi Group. From 2016 to January 2017, Mr. Nuzzolo served as General Counsel, as Chief Operating Officer and as Secretary of the Board of Directors at Italmobiliare S.P.A. Mr. Nuzzolo is currently a Professor of Tax Law at University ROMA TRE in Rome and he is the author of several books and academic articles of taxation and fiscal governance. He has been serving as General Counsel and as Head of Legal and Tax at Telecom Italia S.P.A. (the Italian incumbent) since January 2017 and has been serving as Secretary of the Board of Directors at Telecom Italia S.P.A. since May 2017. He also served as Interim Director of Human Resources and Organizational Development at Telecom Italia S.p.A. from December 2017 to March 2018. He has been a board member of Telecom Italia Sparkle S.P.A. and a board member of Flash Fiber S.r.L. since March 2019, and a board member of Inwit S.P.A., since April 2017. He has been a board member of TIM Participações S.A. and of its advisory committees, namely, the Compensation Committee and the Control and Risks Committee since April 2018.

Flavia Maria Bittencourt. Mrs. Bittencourt holds a B.S. degree in Chemical Engineering from UFRJ, an Executive MBA from Fundação Dom Cabral and other certificates from London Business School and INSEAD. Mrs. Bittencourt has a vast professional experience in different roles and industries, such as 8 years in Banking, 10 years in Telecom, and 3 years in Private Equity. Starting in 2013, she was the CEO for Sephora Latin America, and, since May 2019, she is the CEO of Adidas Brazil. Until 2019, she was an independent board member of Marisa Lojas S.A. Mrs. Bittencourt has been an independent member of TIM Participações S.A.’s Board of Directors and Statutory Audit Committee since July 2019.

Sabrina Di Bartolomeo. Ms. Di Bartolomeo is an Italian citizen, born in Turin, Italy, holding a Master of Science in Economics issued by University of Turin. Ms. Di Bartolomeo began her career as Auditor at Arthur Andersen in 1996, mainly focusing on large clients in the telecommunications and automotive fields, then specializing in global capital markets, supporting the Chicago team in providing services to Italian companies listed in U.S. stock exchanges. From 2002 to 2006, she held leadership roles in the Fiat Group until becoming CAO of the Fiat Powertrain Technologies Group. She was Group Finance Director at Wind Telecom Group between 2006 and 2012, and CFO and Executive Director of Sigma Tau Group (pharmaceutics) between 2012 and 2015, holding also several Executive Director positions in both groups. Subsequently, she was a Partner of a Private Equity Fund, then a Salaried Partner at PwC in the field of Business Restructuring and Turnaround Management, supporting large groups in a state of crisis in the preparation of the industrial and financial restructuring plans and in Distressed M&A. In 2019, she joined Telecom Italia S.p.A. (the Italian TLC incumbent), where she is currently VP of Group Planning & Control. She has been a board member of INWIT S.P.A. since March 2020. She has been a board member of TIM Brasil Serv. e Part. S.A.’s since January 2020, a board member of TIM Participações S.A. and its Control and Risks Committee, a board member of TIM S.A. since February 2020.

Michele Valensise. Mr. Valensise, Italian citizen, born in Polistena, Italy, with a degree in Law by University of Rome – La Sapienza. After various assignments at the Ministry of Foreign Affairs and abroad (Brazil, Germany, Lebanon, European Union), he was appointed Head of the Press Service, Spokesman and Chief of Staff of the Minister of Foreign Affairs. He was assigned as Italian Ambassador to Sarajevo, Brasilia and Berlin. From 2012 to 2016 he was Secretary-General of the Farnesina. He has been Vice Chairman of Astaldi S.p.A., leading company of the infrastructure sector, until July 2020. Currently he is member of the Board of Directors of Astaldi S.p.A. Since 2017 he is Chairman of the German-Italian Centre for the European Dialogue (Villa Vigoni) holding a close relationship with Germany. He is an editorialist of the Italian newspaper “La Stampa” and of “Huffington Post”. From May 2018 to March 2021 he was member of the Board of Directors and member of the Nomination and Remuneration Committee and of the Control and Risk Committee of Telecom Italia S.p.A and he is currently member of the Board of Directors and of the Control and Risks Committee and Compensation Committee of TIM S.A..

* The investiture and position as administrator of the Company are subject to the visa authorization to be granted by the Coordenação Geral de Imigração do Ministério do Trabalho e Emprego, as provided by the laws in force, at which occasion all the powers needed will be granted. Once the visa authorization has been granted, Mr. Pietro Labriola will present the term of investiture and required documents, duly signed, within the legal term.

None of the members of the Board of Directors owned or usufruct 1% or more of the Company’s common shares at the end of 2020.

Advisory Committees

The Board of Directors has four advisory committees, with recommendatory functions, and only composed with members of the Board, which are: Statutory Audit Committee, Compensation Committee, Control and Risks Committee and ESG Committee.

The members of the Statutory Audit Committee are:

Name Title Election Date
Gesner José de Oliveira Filho Coordinator March 31, 2021
Flavia Maria Bittencourt Committee member March 31, 2021
Herculano Aníbal Alves Committee member March 31, 2021

The Statutory Audit Committee is a collegiate advisory body, directly linked to the Company’s Board of Directors. This Committee operates on a permanent basis and in accordance with the regulations issued by the regulatory bodies of the capital market. Its competencies and activities are described in the Company’s Bylaws and in the Internal Rules of the Statutory Audit Committee (Portuguese only).

The Compensation Committee and the Control and Risks Committee are bodies attached to the Board of Directors. The definitions of composition and activities of each Committee are listed in the Internal Rules of the Committees (Portuguese only).

The members of the Compensation Committee are:

Name Title Election Date
Carlo Nardello Committee member March 31, 2021
Nicandro Durante Committee member March 31, 2021
Michele Valensise Committee member March 31, 2021

The members of the Control and Risks Committee are:

Name Title Election Date
Herculano Aníbal Alves Chairman March 31, 2021
Gesner José de Oliveira Filho Committee member March 31, 2021
Agostino Nuzzolo Committee member March 31, 2021
Sabrina Di Bartolomeo Committee member March 31, 2021
Michele Valensise Committee member March 31, 2021

The members of the ESG Committee are:

Name Title Election Date
Nicandro Durante Committee member December 10, 2020
Carlo Nardello Committee member December 10, 2020
Pietro Labriola Committee member December 10, 2020
Sabrina Di Bartolomeo Committee member December 10, 2020
Gesner José de Oliveira Filho Committee member December 10, 2020

The ESG Committee is a body attached to Board of Directors. The definitions of the Committee’s composition and activities are listed in the Internal Rules of the ESG Committee.

The Statutory Board of Executive Officers is the representative and executive management body of the Company. Composed by 1 CEO and 6 Executive Officers, it is elected by the Board of Directors for a term of two years. All Executive Officers shall be elected by the Board of Directors and may be dismissed by the Board at any time. The duties and responsibilities of the members of the Board of Directors are determined by Brazilian law and by the Internal Regulations of the Statutory Board of Directors.The current Executive Officers and their respective positions are as follows:

Name Title Date of Election
Pietro Labriola Chief Executive Officer April 14, 2020
Camille Loyo Faria Chief Financial Officer and Investor Relations Officer August 31, 2020
Leonardo Capdeville Chief Technology Information Officer April 14, 2020
Bruno Mutzenbecher Gentil Business Support Officer April 14, 2020
Mario Girasole Regulatory and Institutional Affairs Officer April 14, 2020
Jaques Horn Legal Officer April 14, 2020
Alberto Mario Griselli Chief Revenue Officer April 14, 2020
Maria Antonietta Russo Human Resources & Organization Officer May 05, 2021

 

Pietro Labriola. See “—Board of Directors.”

Camille Loyo Faria. Mrs. Faria has a degree as a Bachelor of Science in Chemical Engineering at PUC-RIO. She also completed an MBA in Finance at IBMEC-Rio and a Master of Science in Industrial Engineering at PUC-Rio. With extensive experience in the telecommunications sector, she was elected Chief Financial Officer of TIM SA in August 2021. Prior to that, she was Chief Financial Officer and Investor Relations Officer at Oi S.A., being responsible for M&A and Strategy, Finance, Planning & Control, Accounting, Investor Relations and Revenue Assurance, from 2019 to 2021. Before it,  Mrs. Faria was a Director in Investment Banking of Bank of America Merrill Lynch, taking the role of Head of Power for the TMT and Industrials Coverage. She was also the Managing Director in Investment Banking of Bradesco BBI and Morgan Stanley, being the Head of Power and TMT Coverage, in São Paulo. She was the CEO for Multiner S.A. the CFO at Terna Participações S.A. and the Head of Strategy at Embratel and Telecom Italia Group in Brazil and Latin America.

Bruno Mutzenbecher Gentil. Mr. Gentil holds a degree in Business Administration and has been the Business Supply Officer (former Purchasing & Supply Chain Officer) at TIM Participações since February 2018. From 2016 to 2017, Mr. Gentil served as Executive Vice President of Corporate Resources at Telefônica Brasil S.A., where he also held the position of Executive Vice President of Strategy and Consolidation between 2015 and 2016. Previously, from 2013 to 2015, Mr. Gentil served as Executive Vice-President of Finance at GVT – Global Village Telecom S.A., where he also held the position Vice President of Controller in the period from 2006 to 2013.

Alberto Mario Griselli. Mr. Griselli holds a degree in Electronic Engineering from La Sapienza University in Rome and an FMBA from Columbia University. With more than 20-year experience in the telecom sector, he held relevant positions such as Vice President for LatAm at TIMwe, a global provider of mobile engagement solutions for telecommunication operators, and Managing Director for Brazil at Value Partners, a management consulting firm. Across his professional career, Mr. Griselli worked in several topics material to companies’ performance, with projects ranging from strategic planning to customer segmentation, value proposition definition, offer design, pricing and promotions, go-to-market approach and customer experience. Mr. Griselli took office as Chief Revenue Officer of TIM Participações S.A. and TIM S.A. on July 30, 2019.

Mario Girasole. Mr. Girasole has a Laurea Magistralis in Economics from University LUISS (Rome). He also has an LL.M. in International Business Law (London), post graduate MA in Competition Policy, in International Commerce and Modern Economic History, and executive education at London Business School (Finance), Harvard School of Government, Columbia Business School (Advanced Management Program) and INSEAD (International Directors Programme and Advanced Corporate Finance). He joined TIM in 1997, for the regulatory and pricing area, in Rome. From 2000 to 2003, he headed, in Brussels, the TIM Group relations with the institutions of the European Union, and was appointed to the position of Deputy-Chairman of the European Mobile Sector (GSM Europe). Starting from 2004, he was Head of Public and Regulatory Affairs at Telecom Italia America Latina and at TIM Brasil. During this period, he worked also as Director of Entel Bolivia and Alternate Director of TIM Participações. Mr. Girasole is the Regulatory and Institutional Affairs Officer of the Company since January 2009 and since 2012, he runs also the Press Relations and the Corporate Social Responsibility departments. He is also member of the Boards and Councils of national and international entities, including SindiTelebrasil, GSM Latin America, Italo-Brazilian Chamber of Commerce and the Brazilian Institute for Competition Studies (Instituto Brasileiro de Estudos da Concorrência), or IBRAC. Mr. Girasole was awarded as Knight (2014) and Officer (2018) of the Order of the Star of Italy by the President of the Italian Republic “for promoting friendly relations and co-operation with other countries and ties with Italy.” In Brazil, he was awarded the Peacemaker Medal and the Medal of the Army by the Ministry of Defense (2018).

Jaques Horn. Mr. Horn graduated in Law (LL.B.) at Candido Mendes University, and obtained specializations at Harvard and at the Academy of International and American Law. He has been Chief Legal Officer at TIM since July 2010 and Secretary of the Company’s Board of Directors since 2012. He worked at Tetra Pak from 2007 to 2010, as Legal Director, where he was responsible for the Central and South America and the Caribbean region. He also worked at Shell, from 1994 to 2007, as Legal Corporate Manager at the holding company and Legal Director at the subsidiary companies. Mr. Horn worked as Legal Counsel at Companhia Atlantic de Petróleo (ARCO Petroleum Co.) from 1990 to 1994, as a Lawyer at Franco, Bhering, Barbosa & Novaes Law Firm for one year, and as a Tax Senior Consultant at Arthur Andersen for almost four years.

Leonardo de Carvalho Capdeville. Mr. Capdeville holds a degree from Instituto Nacional de Telecomunicações – INATEL, in Electronic Engineering, specializing in Telecommunications. He also holds an MBA from Fundação Getúlio Vargas in Rio de Janeiro, Brazil. Mr. Capdeville also attended the International Program of Management Development at IEDE – Institute for Executive Development in Madrid, Spain and to the Disruptive Innovation Program by the Harvard Business School. Currently, he is Chief Technology Information Officer of the Company, elected on February 12, 2015, and Chief Technology Information Officer of TIM S.A. elected on February 3, 2017, and a member of the Trustee Council of the Telecommunications Research and Development Center (Centro de Pesquisa e Desenvolvimento de Telecomunicações), or CpQD. Prior to that, Mr. Capdeville was responsible for the Network, IT and Wholesale departments at the Company. From 1998 to 2014, Mr. Capdeville was a Network Director at Telefônica Brasil (under the brand name Vivo). Mr. Capdeville also worked at Promon Eletrônica Ltda., or Promon, from 1991 to 1995 and then from 1996 to 1998. While at Promon, he held the position of engineer responsible for implementing the mobile telephony in the State of Espírito Santo, Brazil, and performed other activities related to network projects. From February 1995 to October 1996, Mr. Capdeville worked at Gerenciamento e Assessoria de Serviços S/C Ltda., as coordinator of the implementation of the team and of the data communication area.

Maria Antonietta Russo is Italian, graduated in Work and Organization Psychology, Human Resources Management at Sapienza University of Rome and has a Master’s Degree in Work and Organization Psychology, Human Resources Management at the Roman School of Work and Organizational Psychology. Ms. Russo held several executive positions, including Head of Regional Human Resources from 2018 to 2019, Head of People Development and Education 2016 to 2018 and Senior Director of People Development and New Skills from 2014 to 2016 at TIM Italy.

None of the members of the Board of Executive Officers owned or usufruct 1% or more of the Company’s common shares at the end of 2020.

The Fiscal Council, which operates on a permanent basis, inspects the acts of the Company’s management and the information to shareholders. It is composed of independent professionals, recognized by the market and who have no other relation to the Company. The current effective members of the Fiscal Council are the following:

Internal Regulation of the Fiscal Council (Portuguese only)

Name Title Date of Election
Walmir Kessili Council independente member March 30, 2021
Jarbas Tadeu Barsanti Ribeiro Council independente member March 30, 2021
Josino de Almeida Fonseca Council independente member March 30, 2021
Heinz Egon Lowen Council independente member (Alternate) March 30, 2021
Anna Maria C. G. Guimarães Council independente member (Alternate) March 30, 2021
João Verner Juenemann Council independente member (Alternate) March 30, 2021

Walmir Kesseli holds a degree in Economics and has held the position of Chairman of the Fiscal Council at TIM Participações since 2017 and President of the non-profit Working for Africa since 2013. Since 2011 Mr. Kesseli has been a voluntary consultant for the non-profit organization Mission to the interior of Africa – MIAF and since 2016 as secretary of the Board of Directors at the Integral Development Center Recanto Esperança.

Jarbas Tadeu Barsanti Ribeiro is an Economist, Accountant and Business Administrator with solid knowledge in the economic-accounting, tax and corporate areas. He has been a Judicial Expert in the economic accounting area for more than 45 years in legal proceedings, in addition to Arbitration proceedings. He has served as Chairman of the Fiscal Council of Rio Paranapanema Energia S.A. (Duke Energy) since 2009; as effective member of the Supervisory Board of Richard Saigh Indústria e Comércio SA since 2010, and as effective member of the Supervisory Board of MLS WIRELESS SA since 2018. In 2014, Mr. Barsanti was appointed as Board Member and effective member of the Supervisory Board, Ethics and Discipline, Development of the Regional Accounting Council of Rio de Janeiro (CRCRJ) and is the President of the Association of Judicial Experts of the State of Rio de Janeiro. Additionally, he served as a member of the Fiscal Council of TIM Participações between 2016 and 2018. He is associated with the AICPA – American Institute of Certified Public Accountants and IBGC – Brazilian Institute of Corporate Governance.

Heinz Egon lowen is an accountant and serves as President of the Synodal Council – Legal Representative of the Organization since 2015 and as treasurer since 2018 at the Greco Evangelical Lutheran Confession in Brazil.

Anna Guimarães holds a degree in business administration, a Master’s degree in engineering from ITA – Instituto Tecnológico de Aeronautica, a MBA from FEA-USP & Vanderbilt University-USA and was an alternate member of the Fiscal Council at TIM from 2016 to 2018, returning in 2019. She has a CCI (Board Member Independent Certificate), by the IBGC. She was CEO of EFESO Consulting and of KEMA Inc.

None of the members of the Fiscal Council owned or usufruct 1% or more of the Company’s common shares at the end of 2020.

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