Management

Board of Directors

The Board of Directors is responsible for establishing our general business policies, long-term strategy and monitoring our board of executive officers, among other responsibilities. According to our bylaws and Brazilian Corporate Law, our board of directors has strategic, monitoring and supervisory responsibilities and does not have executive activities.

The Board of Directors must be comprised of a minimum of four members and a maximum of nine members. The board of directors consists of seven  members elected to two-year terms at our general shareholders’ meeting and re-election is permitted. The Novo Mercado regulation require that at least 20% of our directors be independent. In addition to the responsibilities provided under the applicable law, the Board of Directors follows the provisions of the bylaws and its internal regulation.

Marcel Sapir - Chairman of the Board of Directors

Mr. Sapir holds a bachelor’s degree in economics from Pontifícia Universidade Católica do Rio de Janeiro, or PUC/Rio, and a master’s degree in finance from PUC/Rio. He has broad professional experience in the retail business, serving or having served as member of the board of directors of Tecnisa, since 2020; Profarma Distribuidora de Medicamentos, since 2018; Saraiva Livreiros e Editoras, from 2012 to 2015; Grupo Dimed, from 2010 to 2016; Ponto Frio, from 2009 to 2010; and H.Stern Joalheiros, from 2005 to 2008. Marcel Sapir received a certification for the role of director from the Brazilian Corporate Governance Institute (Instituto Brasileiro de Governança Corporativa).

Roberto Luiz Jatahy Gonçalves - Vice-Chairman of the Board of Directors

Mr. Gonçalves holds a bachelor’s degree in Economics from Cândido Mendes University (Universidade Cândido Mendes) in Rio de Janeiro, and co-founded Animale with Ms. Claudia Jatahy Gonçalves in 1991. In 2010, he directed the process of Animale’s acquisition of its equity stake in Farm, which led to the creation of Grupo Soma. He has been the Chief Executive Officer since then. Mr. Gonçalves is a member of the brand committees of each of our brands.

Marcello Bastos - Director

Mr. Bastos holds a degree in Business Administration from Santa Úrsula University (Universidade Santa Úrsula) and a post-graduate degree in Retail Management from Centro Universitário in Rio de Janeiro. He is the co-founder of Farm and Fábula, brands that have contributed significantly to our growth since 1997. He has been an executive of the company since 2010, also acting as Executive Officer of the Farm and Fábula brands.

Rachel de Oliveira Maia - Independent Director

Mrs. Rachel Maia holds a bachelor’s degree in Accounting from Centro Universitário FMU, an MBA in Finance, People and Leadership from Fundação Getúlio Vargas (FGV), concluded the Negotiation and Leadership course at the Harvard Business School through the Executive Education Program and  the general management training at the University of Victoria, Canada. Rachel Maia was CFO of Tiffany between 2005 and 2008, having worked as CEO between 2005 and 2006, was CEO of Pandora between 2010 and 2018 and CEO of Lacoste between 2018 and 2020. She is founder and CEO of RM Consulting, Chairman of the Advisory Board of Unicef and Ambassador of Projeto Guri.

Maria Laura Tarnow - Independent Director

Graduated in communication from the Federal University of Rio de Janeiro (UFRJ) (1992), with a postgraduate degree in Marketing Administration from FAAP (1995), she participated in the management development program at FGV-SP (2002) and the Executive Program in Strategy and Organization by Stanford University (2005). He has extensive experience in the executive branch. She held the position of marketing director at NIVEA Brasil between 2005 and 2010, marketing director at Flora Industria e Comercio between 2013 and 2015, accumulating a total of 20 years as an executive in different categories of the cosmetics industry. He is general manager of Estée Lauder (2015-present).

Guilherme Stocco Filho - Independent Director

Mr. Stocco holds a bachelor’s degree in business administration from FAAP and an MBA in management from Insper (2008-2010). Mr. Stocco has more than 20 years of experience in the creation of digital businesses and business transformations, including successful projects in the digital banking, venture capital, mobile and e-commerce, internet platforms and marketing areas. He is a member of innovation consulting boards at B3, TOTVS and Banco Carrefour. Mr. Stocco is an ambassador for Brazil at the Stanford Research Institute, which operates in the development of products and solutions regarding technology, innovation and education.

Edison Ticle de Andrade Melo e Souza Filho - Independent Director

Mr. Souza Filho holds a bachelor’s degree in business administration from FGV-SP (1996 -1999) and a Master’s degree in Finance and Economics from FGV-SP (2004-2006). He has extensive experience in the retail business, serving as CFO and IRO – Chief Financial and Investor Relations Officer – at Minerva SA (2009-2018). Appointed by Institutional Investor magazine among the 3 best CFOs in Latin America in the “Food and Beverages” segment – Buy side and Sell side – in the ranking for the years 2011, 2012, 2013, 2014, 2015, 2016 and 2019.

Risk, Audit and Finance Committee

The Company’s Risk, Audit and Finance Committee is an advisory body established by the Board of Directors, pursuant to our bylaws, comprised by a minimum of three members elected by the board of directors. At least one of these members must be an independent director and at least one member must have recognized experience in corporate accounting matters. The main purpose of our risk, audit and finance committee is to express an opinion on the engagement and removal of our independent auditors; evaluate our financial statements and interim financial information; and evaluate, monitor and recommend to our management any improvements to our internal policies. The internal regulation of this Committee was approved by the Board of Directors.

Edison Ticle de Andrade Melo e Souza Filho - Committee Coordinator

Mr. Souza Filho holds a bachelor’s degree in business administration from FGV-SP (1996 -1999) and a Master’s degree in Finance and Economics from FGV-SP (2004-2006). He has extensive experience in the retail business, serving as CFO and IRO – Chief Financial and Investor Relations Officer – at Minerva SA (2009-2018). Appointed by Institutional Investor magazine among the 3 best CFOs in Latin America in the “Food and Beverages” segment – Buy side and Sell side – in the ranking for the years 2011, 2012, 2013, 2014, 2015, 2016 and 2019.

Marcel Sapir

Mr. Sapir holds a bachelor’s degree in economics from Pontifícia Universidade Católica do Rio de Janeiro, or PUC/Rio, and a master’s degree in finance from PUC/Rio. He has broad professional experience in the retail business, serving or having served as member of the board of directors of Tecnisa, since 2020; Profarma Distribuidora de Medicamentos, since 2018; Saraiva Livreiros e Editoras, from 2012 to 2015; Grupo Dimed, from 2010 to 2016; Ponto Frio, from 2009 to 2010; and H.Stern Joalheiros, from 2005 to 2008. Marcel Sapir received a certification for the role of director from the Brazilian Corporate Governance Institute (Instituto Brasileiro de Governança Corporativa).

Mauro Moreira

Mr. Moreira was a partner at Ernst &Young from 2002 to 2020. Before that he worked at Arthur Andersen from 1980 to 2002, having been a partner there from 1996 to 2002. Mr. Moreira is a member of the board of directors of Wilson Sons since 2020.

 

Executive Officers

The Board of Executive Officers may be comprised by a minimum of two members and a maximum of seven members elected by the board of directors, and may be dismissed by the board of directors at any time. The Board of Executive Officers is responsible for the administration of our general business and is allowed to perform all acts necessary or expedient for our business, except for those that by operation of law or the bylaws are exclusively given to the shareholders or board of directors. Executive officers may carry out all transactions and perform all acts required in the ordinary course of our business and, subject to our bylaws and to the internal regulation, they have the authority to perform certain acts and conduct general business.

Roberto Luiz Jatahy Gonçalves - Chief Executive Officer

Mr. Gonçalves holds a bachelor’s degree in Economics from Cândido Mendes University (Universidade Cândido Mendes) in Rio de Janeiro, and co-founded Animale with Ms. Claudia Jatahy Gonçalves in 1991. In 2010, he directed the process of Animale’s acquisition of its equity stake in Farm, which led to the creation of Grupo Soma. He has been the Chief Executive Officer since then. Mr. Gonçalves is a member of the brand committees of each of our brands.

Haroldo de Paiva Lorena - Chief Brand Officer

Mr. Lorena  holds a degree in Civil Engineering from the Pontifical Catholic University of Rio de Janeiro (PUC/Rio) and began his career at EY (1997-2000), having held positions at multinational companies such as Intelig Telecom and SC Johnson. Mr. Lorena also held the poistions of Executive Officer at Alvarez and Marsal (2009-2010) and CFO at Nova Casa & Vídeo. In 2014, he was appointed by Forbes Brasil Magazine as one of the three best CFO’s of Retail in Brazil. In 2016, he took over as CEO of Zinzane, where he served for 3 years. In 2019, Haroldo joined Grupo Soma as the Chief Financial and Investor Relations Officer.

Marcello Ribeiro Bastos - Chief Brand Officer

Mr. Bastos holds a degree in Business Administration from Santa Úrsula University (Universidade Santa Úrsula) and a post-graduate degree in Retail Management from Centro Universitário in Rio de Janeiro. He is the co-founder of Farm and Fábula, brands that have contributed significantly to our growth since 1997. He has been an executive of the company since 2010, also acting as Executive Officer of the Farm and Fábula brands.

Gabriel Silva Lobo Leite - Chief Financial and Investor Relations Officer

Mr. Lobo has a degree in Production Engineer from Universidade Federal do Rio de Janeiro, Gabriel Lobo has solid experience in the financial segment and has already occupied the position of non-statutory executive  Chief Financial Officer of Grupo SOMA in the last years, head of financial, M&A and Investors Relations. In 2021 he became Chief Financial and Investors Relations Officer.