Board of Executive Officers
The Board of Executive Officers, whose members shall be elected and can be removed from office at any point in time by the Board of Directors, is composed of at least two (2), and at most, eight (8) members. These members include one Chief Executive Officer, one Investor Relations Officer, one Chief Operating Officer, one Digital Officer, one Chief Financial Officer, one People and Management Officer, one Marketing and Retail Officer and one Executive Officer. The Chief Executive Officer and Investor Relations Officer positions are mandatory, and all other positions are optional. Officers can also hold multiple positions.
Mr. Tracanella holds a degree in business administration from the Pontifical Catholic University of São Paulo (PUC-SP) and an MBA from the Fundação Getulio Vargas (FGV-SP). He has over 25 years of work experience built at investment banks (equity research), and retail and health sectors. He worked for Grupo Pão de Açúcar for 17 years where he held several executive positions in finance, human resources, and business development. He also was the Chief Financial Officer for two investees at Pátria Investimentos private equity for three years. Before taking over as CEO of Track&Field Co., he held the position of CFO of the Company (November 2018 to July 2023).
Fred holds a degree in Business Administration from Fundação Getulio Vargas (FGV-SP) and concluded the course ‘Machine Learning: Implementation in Busines’ from MIT Sloan. He is a founding partner of the Company and has over 30 years of experience in retail. During high school, the three founders – Fred, Alberto Azevedo and Ricardo Rosset – started selling sports shirts, and, in 1988, they founded Fratex Indústria e Comércio Ltda., currently known as Track&Field Co. He has managed the Company since the initial launch and, in 2020, Fred became a member of the Board of Directors and Strategy and Innovation Committee. He is also an Endeavor mentor and member of YPO São Paulo Chapter – a network of global CEOs focused on leadership – and also sits on the Gocase.com advisory council through Endeavor.
Patrícia Abibe is Track&Field’s Chief Financial and Investor Relations Officer. Over the past ten years, as Head of Controllership, she has led T&F’s budget control and management process, ensuring a solid capital structure (no leverage) and high-yield financial performance. In addition, she actively participated in the company’s IPO process in 2020. With 25 years of experience in the retail sector, she has worked in the administrative and financial areas of companies such as Grupo VR and Speedo. In addition to her background in financial and tax planning, she has expertise in implementing and monitoring best organizational practices, attending audits and internal committees. She holds a degree in business administration and foreign trade, with an MBA in Financial Management, Controllership and Auditing from FGV-SP.
Ms. Selda has a degree in Psychology from Universidade Santo Amaro and MBA in Business Management from FGV. She has over 20 years of experience in Human Resources, having worked in the Fashion, Retail, Technology, and Financial Market segments, with emphasis on leading transformation and cultural evolution processes (including digital transformation). She served for over 10 years as Head of People and Culture at C&A, leading the Company’s digital transformation initiatives and cultural transformation projects.
Mr. Alves Junior has over 23 years of professional experience and has worked for multiple global companies in the consumer goods and retail sectors within Brazil. His career has been notable for transforming projects in sales, supply chain, finance, and by driving the digital transformation of retail, from mapping the consumer journey to delivering an omnichannel and personalized experience. He has worked for several companies, such as Tok&Stok, Diageo, Casa&Vídeo, and Souza Cruz. Mr. Alves Junior holds a degree in mechanical engineering from Universidade Federal do Rio de Janeiro. He obtained his MBA from Escola Superior de Propaganda e Marketing (ESPM) and Fundação Dom Cabral.
Board of Directors
Our Board of Directors is composed of at least five (5), and at most, seven (7) members, to be elected and removed from office by Shareholders’ Meeting, with a combined two year term of office, considering each year as the period between two Annual General Meetings, and re-election is authorized. Out of members of the Board of Directors, at least two, or twenty percent, whichever is the highest, shall be independent board members, according to the definition of the Company’s bylaws, and the characterization of nominees to the Board of Directors as independent board members shall be resolved at the Shareholders’ Meeting to elect them, also considering as independent, the board member elected as authorized by a provision of Article 141, Paragraphs 4 and 5 of the Brazilian Corporation Law, with the assumption there is a controlling shareholder. It is worth noting that the Chairman of our Board of Directors is independent.
Graduated in Business Administration from FGV-SP, he completed the ‘Machine Learning: Implementation in Business’ course at MIT Sloan and the Owner President Management course (OPM54) at Harvard. Frederico is a founding partner of Track&Field and has more than 30 years of experience in the retail market. Still in high school, with Alberto Azevedo and Ricardo Rosset, he started selling sports shirts until in 1988, together, they founded Fratex Indústria e Comércio Ltda, currently Track & Field Co. At the head of Management since then, in 2020 he joined the Board of Directors and the Strategy and Innovation Committee of the Company. Additionally, he is a mentor at Endeavor and a member of the YPO São Paulo chapter, in addition to serving as a member of the Advisory Board of the company Gocase.com, through Endeavor.
Mr. Rosset holds a degree in engineering from Fundação Armando Álvares Penteado (FAAP) and is also a former Formula 1 driver. He is a founding partner of the Company and has over 30 years of experience in retail. During high school, the three founders – Fred, Alberto Azevedo and Ricardo Rosset – started selling sports shirts, and, in 1988, they founded Fratex Indústria e Comércio Ltda., currently known as Track&Field Co. He has managed the Company since the initial launch and, in 2020, Mr. Rosset became a member of the Board of Directors and Strategy and Innovation Committee.
Mr. Azevedo holds a degree in Law from Mackenzie University and completed the course titled “Making Corporate Boards More Effective” at Harvard Business School. He is a founding partner of the Company and has over 30 years of experience in retail. During high school, the three founders – Fred, Alberto Azevedo and Ricardo Rosset – started selling sports shirts, and, in 1988, they founded Fratex Indústria e Comércio Ltda., currently known as Track&Field Co. He has managed the Company since the initial launch and, in 2020, Mr. Azevedo became a member of the Board of Directors and Strategy and Innovation Committee. He also sits on the Board of Directors for the LiveWright Institute and Sports Institute.
José Vicente Marino holds a degree in Business Administration from EAESP/FGV, an MBA in retail at USP, a Master’s in Administration from EAESP/FGV and completed the Owner President Management course (OPM54) at Harvard. He has over 20 years of experience in managing strong brands and direct sales, implementing digital mindset and transformation in companies. He is currently President of Aché Laboratórios Farmacêuticos and has served as President of Johnson and Johnson Brazil, COO of Natura, CEO of Flora Cosméticos and CEO of Avon Brazil. For the past 8 years he has served as a member of the Board of Directors and Advisory Boards. In 2017, he served as Chairman of the Board of Directors at Alpargatas. On the social front, in 2019 he founded the Business Coalition for the End of Violence against Women, in partnership with the UN and Fundação Dom Cabral, and since 2013 he has served on the advisory board and executive committee of the Akatu Institute, a non-profit organization. which works to raise society’s awareness of responsible consumption.
Graduated in Civil Engineering from the Polytechnic School of the University of São Paulo, Mr. Mello has over 30 years of experience in the financial services, technology and business management industry. Before taking over as PayPal’s General Manager for Latin America in 2012, he was the Company’s General Manager in Brazil for two years. In addition, he has held the chair of Executive Vice President of Visa for Latin America, of Statutory Director of Banco Real (acquired by Santander) and was also a member of the Board of Directors of Cielo, CBSS and Fidelity Systems. Mario is currently a venture partner at Valor Capital Group, Member of the Board of Directors of Tenda Construtora, Member of the Board of Directors of Track&Field, Member of the Board of Directors of SPAC Valor Latitude and Digital Director at Banco Safra.
Mrs. Baumgart holds a degree in Law from USP, a postgraduate degree in Business Administration from Fundação Getúlio Vargas (CEAG), an MBA in Shopping Center Management also from FGV, Entrepreneurship at Babson College Boston, Administration for Presidents at Harvard Business School (OPM ) and is an Experienced Board Member (CCA+) certified by the IBGC, where she participated in the ESG training – How to rethink and innovate business in a changing world. She worked until 1999 as a lawyer and for 16 years as an executive at the Baumgart Group. For the past 12 years, she has served as a member of Committees, Boards of Directors and Advisory Boards. Currently, she is also a board member and member of the Strategy, Innovation and Sustainability Committee of the Baumgart Group. She has been a member of the board of directors of Sociedade Brasileira de Consumo e Varejo (SBVC), since 2018, and of the Brazilian Institute of Corporate Governance (IBGC), since 2020, being elected as chairman of the board for the term from 2022 to 2024, where she is also an instructor of the Governance for Family Businesses. She has been a partner at Candea Participações since 2005, at G2B Assessoria Empresarial, at Agropecuária Baumgart and at Fazendas Reunidas Baumgart since 2017. Additionally, she is a Winning Women mentor at EY, a mentor IBGC – PDec – Diversidade em Conselhos, associated with the Family Business Network (FBN), she is an Endeavor mentor, she is an Emeritus Counselor of Conscious Capitalism, Board of Directors and member of the Finance and Funding Committee Museum of Modern Art (MAM), is Chairman of the Board of Directors of Instituto Center Norte and co-founder of Fundo Dona de Mim, a microcredit initiative for women entrepreneurs of Grupo Mulheres do Brasil, where she also serves as Board of Directors of the Institute since 2021. In March 2022, she was elected as the new Chairman of Company’s Board of Directors.
Fiscal Board
Graduated in Production Engineering from UFRJ, with a master’s degree in Industrial Projects from COPPE/UFRJ and MBA in Finance from Universitá Luigi Bocconi (Italy) and COPPEAD/UFRJ. He studied Business Strategy at Insead Business School (USA), Training for Board Members at IBGC, Training for Board Members focused on Innovation and Technology at GoNew. Senior executive with experience in multinational companies, acting in business leadership and high complexity and impact projects, coordinating multidisciplinary teams and acting as strategic mediator with stakeholders, having worked for companies such as IBM Brasil, Thomas de La Rue, Arthur D. Little, Lloyds Bank and KPMG Corporate Finance. He is currently a retired partner from PwC Brazil, where he was responsible for infrastructure, government, transportation and logistics markets, working in the Corporate Finance area, and member of the Advisory Board of the NGO Atletas pelo Brasil, focused on advocacy related to sports – working with emphasis on fundraising, member of the Audit Committee of Infracommerce and director and partner of FINTECH BeOne.
Fernando has a degree in Accounting and MBA in Controller from Fipecafi-USP. He has more than 30 years of experience in the Financial Area, as Controller and Chief Financial Officer, having worked for companies such as Hopi Hari, Sonepar, Weidmann, Grupo Pão de Açúcar, Agro Merchants Group, and Brasil Pharma. He is currently a partner at Bluke Assessoria and holds the position of CFO at Dia Brasil.
Conrado is an economist graduated from UERJ (2007), with a Masters in Business Administration and Finance (2009) from COPPEAD/UFRJ and University of San Diego (USA). He is currently a partner at Polo Capital Gestão de Recursos, where he has been managing equity funds since 2010. He was a professor of the Economics course at UGB, in addition to having previously worked at Fiducia Asset Management (2005-07) and the Brazilian Institute of Economics. /FGV (2004-05).
Carlos Eduardo Alves is an alternate member of Tenda’s Fiscal Council. He is a partner at Polo Capital and is currently the responsible for the equity funds managed by Polo Capital. He was a member of the fiscal council of QGEP Participações S.A., Companhia Paranaense de Energia (Copel) and Santos Brasil. He was also a member of the board of directors of Trisul S.A. He holds a degree in Civil Engineering from PUC-RIO.
Graduated in Accounting from PUC-SP, with professional experience in Controllership, Accounting, Auditing, and Compliance, having worked for over 15 years at PwC. He is currently a partner at b2finance since 2014, responsible for the Audit and Consulting tower and the company’s financial area.
Adriana has a degree in Business Administration from UFRJ, post-graduate degrees in Corporate Finance from FGV and in Economics from USP, MBA in Advanced Boardroom Program for Women ABP-W and participated in international modules at the European School of Management and Technology in Berlin and at the London School of Economics. In 2020 she completed the IBGC course, Supervisory Board in Practice. She has vast experience in the financial and capital markets, having worked for more than 20 years in the Stock Exchange, performing several roles, most notably: Structuring of Listing Segments with Differentiated Corporate Governance Practices (Novo Mercado), Business Prospecting, Relationship with Listed Companies, Relationship with Foreign Investors, and Product Development. She is currently one of the founding partners of ACE Governance, a consulting firm specializing in advising companies, executives, and board members on the implementation of corporate governance structures in companies planning a public offering, debt issuance, or access to investors. She collaborates with Stock Exchanges, in Brazil and abroad, on projects related to the development of the capital markets, especially corporate governance, listing rules, listing segments, and regulation of public offerings.
Audit Committee
Our Statutory Audit Committee, an advisory body linked to the Board of Directors, is composed of at least three (3) members, nominated by the Board of Directors, and: (i) at least one (1) shall be an independent board member, as defined in the Novo Mercado rules; (ii) at least one (1) shall have experience in corporate accounting, in compliance with the applicable rules issued by the Brazilian Securities and Exchange Commission (CVM); (iii) one (1) member can cumulate the qualifications described in items (i) and (ii) above; and (iv) none of the members can be the controlling shareholder, nor officer, officer subordinate of the Company, of the direct or indirect controlling shareholder, or subsidiaries, associated companies or entities under common control.
Mrs. Baumgart holds a degree in Law from USP, a postgraduate degree in Business Administration from Fundação Getúlio Vargas (CEAG), an MBA in Shopping Center Management also from FGV, Entrepreneurship at Babson College Boston, Administration for Presidents at Harvard Business School (OPM ) and is an Experienced Board Member (CCA+) certified by the IBGC, where she participated in the ESG training – How to rethink and innovate business in a changing world. She worked until 1999 as a lawyer and for 16 years as an executive at the Baumgart Group. For the past 12 years, she has served as a member of Committees, Boards of Directors and Advisory Boards. Currently, she is also a board member and member of the Strategy, Innovation and Sustainability Committee of the Baumgart Group. She has been a member of the board of directors of Sociedade Brasileira de Consumo e Varejo (SBVC), since 2018, and of the Brazilian Institute of Corporate Governance (IBGC), since 2020, being elected as chairman of the board for the term from 2022 to 2024, where she is also an instructor of the Governance for Family Businesses. She has been a partner at Candea Participações since 2005, at G2B Assessoria Empresarial, at Agropecuária Baumgart and at Fazendas Reunidas Baumgart since 2017. Additionally, she is a Winning Women mentor at EY, a mentor IBGC – PDec – Diversidade em Conselhos, associated with the Family Business Network (FBN), she is an Endeavor mentor, she is an Emeritus Counselor of Conscious Capitalism, Board of Directors and member of the Finance and Funding Committee Museum of Modern Art (MAM), is Chairman of the Board of Directors of Instituto Center Norte and co-founder of Fundo Dona de Mim, a microcredit initiative for women entrepreneurs of Grupo Mulheres do Brasil, where she also serves as Board of Directors of the Institute since 2021. In March 2022, she was elected as the new Chairman of Company’s Board of Directors.
Graduated in Business Administration and Accounting from the Pontifical Catholic University of Rio Grande do Sul (PUCRS), post-graduated in Marketing in Services from Fundação Instituto de Administração (FIA/USP), Master in Accounting and Controllership from the University of São Paulo ( FEA/USP), MBA in Digital Business from Universidade Positivo (UP). She worked for more than 30 years in independent auditing at PricewaterhouseCoopers (PwC), having served as an audit partner from 2000 to 2018. She is a board member certified by the Brazilian Institute of Corporate Governance. She was a member of the Board of PwC, of the Board of Directors of Transportadora Sulbrasileira de Gás and of the Supervisory Board of Lojas Renner. Current member of the Board of Directors and Coordinator of the Audit Committee of Infracommerce Cxaas and Vasta, Coordinator of the Audit Committee of Iguatemi and Comerc Energia, member of the Audit Committee of ABGF, Alpargatas, Localiza and WEG, of the Fiscal Council of OSESP (pro bono).
Graduated in Business Administration and Accounting Sciences, specialist in IFRS from FIPECAFI and Master in Accounting Sciences from FECAP. She is also a member of the Audit Committee of the Association for Assistance to Disabled Children (AACD), of Iguatemi S.A, of Espacolaser and Coordinator of the Audit Committee of Petlove. She worked in the technical area of the Instituto dos Auditores Independentes do Brasil, on the Audit Committee of Suzano S.A and was a partner at KPMG.
Strategy and Innovation Committee
Our Strategy and Innovation Committee, an advisory body linked to the Board of Directors, is composed of, at least three (3) members, and at most, five (5) members, nominated by the Board of Directors among its members for two (2) year office terms, renewable for equal periods.
Graduated in Business Administration from FGV-SP, he completed the ‘Machine Learning: Implementation in Business’ course at MIT Sloan and the Owner President Management course (OPM54) at Harvard. Frederico is a founding partner of Track&Field and has more than 30 years of experience in the retail market. Still in high school, with Alberto Azevedo and Ricardo Rosset, he started selling sports shirts until in 1988, together, they founded Fratex Indústria e Comércio Ltda, currently Track & Field Co. At the head of Management since then, in 2020 he joined the Board of Directors and the Strategy and Innovation Committee of the Company. Additionally, he is a mentor at Endeavor and a member of the YPO São Paulo chapter, in addition to serving as a member of the Advisory Board of the company Gocase.com, through Endeavor.
Mr. Rosset holds a degree in engineering from Fundação Armando Álvares Penteado (FAAP) and is also a former Formula 1 driver. He is a founding partner of the Company and has over 30 years of experience in retail. During high school, the three founders – Fred, Alberto Azevedo and Ricardo Rosset – started selling sports shirts, and, in 1988, they founded Fratex Indústria e Comércio Ltda., currently known as Track&Field Co. He has managed the Company since the initial launch and, in 2020, Mr. Rosset became a member of the Board of Directors and Strategy and Innovation Committee.
Mr. Azevedo holds a degree in Law from Mackenzie University and completed the course titled “Making Corporate Boards More Effective” at Harvard Business School. He is a founding partner of the Company and has over 30 years of experience in retail. During high school, the three founders – Fred, Alberto Azevedo and Ricardo Rosset – started selling sports shirts, and, in 1988, they founded Fratex Indústria e Comércio Ltda., currently known as Track&Field Co. He has managed the Company since the initial launch and, in 2020, Mr. Azevedo became a member of the Board of Directors and Strategy and Innovation Committee. He also sits on the Board of Directors for the LiveWright Institute and Sports Institute.
