Administration

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.

Name Office
Frederico Wagner Chief Executive Officer and Marketing & Retail Officer

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.

Fernando Queiroz Tracanella Chief Financial and Investor Relations Officer

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. He has been Track&Field’s CFO since November 2018.

Selda Pessoa Klein People & Management Officer

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. Selda was appointed to the position of People and Management Officer at a meeting of the Board of Directors held on January 3, 2022, and will take office on January 17, 2022.

Luiz Carlos Franco Alves Junior Digital & Logistics Officer

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.

Marcelo Toledo Chief Operating Officer

Graduated in Textile Engineering from Universidade Estadual de Maringá, post-graduated in Production Engineering from UDESC in 2001 and prost-graduated in Business Management from FGV in 2010. Marcelo started his career at Cia. Hering as a trainee and worked his way up to the position of Officer. He has worked for more than 20 years in the company, gaining deep knowledge of the production chain and worked in the R&D, Knitting, Finishing, Apparel, Jeans, and Outsourcing areas, besides having led FBET – Fundação Blumenauense de Estudos Têxteis (Blumenauense Foundation for Textile Studies) for a few years. As Industrial Officer, he was responsible for all 5 of Cia. Hering’s own factories in SC and Goiás, and for managing a network of more than 300 partners. In his activities, Toledo seeks the best practices, which aim to increase industrial competitiveness, technological innovation, and sustainability in the processes.

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.

Name Office
Frederico Wagner Member of the Board of Directors

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.

Ricardo Rosset Member of the Board of Directors

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.

 

Alberto Dominguez Von Ihering Azevedo Member of the Board of Directors

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 Independent President of the Board of Directors

José Vicente Marino holds a degree in Business Administration from EAESP/FGV, an MBA in retail from USP, a Masters in Business Science from EAESP/FGV and is participating in Harvard Business School’s “Owner/President Management Program”. He has over 20 years of experience in managing strong brands and direct sales, implementing digital mindset and transformation in companies. He worked as President of Johnson and Johnson Brasil, COO of Natura and CEO of Avon Brasil. For the past 8 years he has served as member of the Board of Directors and Advisory Committees. In 2019, he founded the Companies Coalition against Women violence, in partnership with the UN and Fundação Dom Cabral, and has been working, since 2013, on the advisory and executive committees of the “Akatu Institute”, a non-profit organization that works to raise society’s awareness of responsible consumption. In July 2021, he was elected as the new Chairman of Company’s Board of Directors, which enters a new cycle of digital acceleration, innovation and expansion.

Mario Mello Freire Neto Independent Member of the Board of Directors

Mr. Mello holds a degree in Civil Engineering from the Polytechnic School of the University of São Paulo. He has over 30 years of experience in the financial services, technology and business management industries. Before assuming the role as PayPal’s General Director for Latin America, in 2012, he was the Company’s General Director in Brazil for two years. In addition, he has served as Executive Vice President of Visa Latin America, Statutory Director of Banco Real (acquired by Santander) and was also a member of the Board of Directors of Cielo, CBSS and Fidelity Systems. Mr. Mello is currently Operating Partner of 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 PicPay, CEO of SPAC Valor Latitude in addition to chairing a non-profit civic institute, which is founder – O Poder do Voto.

Gabriela Baumgart Independent Member of the Board of Directors

Mrs. Baumgart holds a degree in Law from University of São Paulo (USP), with graduate studies in business administration from Getúlio Vargas Foundation (CEAG), MBA in shopping mall management also from Getúlio Vargas Foundation, Entrepreneurship from Babson College Boston, Management for CEOs from Harvard Business School (OPM). Mrs. Baumgart is an experienced board member (CCA+) certified by IBGC. At IBGC, she took part in the ESG training: how to rethink and innovate businesses in a transformational world. Until 1999, Mrs. Baumgart acted as an attorney and during 16 years as an executive at Grupo Baumgart. In the last 12 years, she has been serving as a member of committees, boards of directors, and advisory councils. Currently, Mrs. Baumgart is a member of the board of directors and a member of the Strategy, Innovation & Sustainability Committee of Grupo Baumgart. Since 2018, she has been a member of the board of directors of the Brazilian Society of Consumption and Retail (SBVC), and since 2020, of the Brazilian Institute of Corporate Governance (IBGC), wherein, she is also a professor of family business governance course. Mrs. Baumgart is a partner at Candea Participações, since 2005, G2B Assessoria Empresarial, since 2017, Agropecuária Baumgart and Fazendas Reunidas Baumgart. She is also EY’s Winning Women mentor, IBGC – PDec mentor- board diversity, in association with the Family Business  Networking (FBN), Endeavor Ambassador, Distinguished Council member of Conscious Capitalism and founder of “Fundo Dona de Mim”, an initiative of Grupo Mulheres do Brasil which provides micro-credit for women entrepreneurs.

Fiscal Board

Name Office
Marcio Lutterbach Sitting Member of the Fiscal Council

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.

Fernando Custódio Zancopé Sitting Member of the Fiscal Council

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 Valiante da Rocha Sitting Member of the Fiscal Council

He has a degree in economics from Rio de Janeiro State University (UERJ). Master’s degree from Instituto Coppead de Administração, of Universidade Federal do Rio de Janeiro. Working in the area of fund management for the shares of Polo Capital since October 2010. IBRE 2004-05, Fiducia 2005-07.

Ivan Vieira Ruivo Alternate member of the fiscal council

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 Sanches dos Santos Alternate member of the fiscal council

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.

Name Office
José Vicente Marino Sitting member of the Committee

José Vicente Marino holds a degree in Business Administration from EAESP/FGV, an MBA in retail from USP, a Masters in Business Science from EAESP/FGV and is participating in Harvard Business School’s “Owner/President Management Program”. He has over 20 years of experience in managing strong brands and direct sales, implementing digital mindset and transformation in companies. He worked as President of Johnson and Johnson Brasil, COO of Natura and CEO of Avon Brasil. For the past 8 years he has served as member of the Board of Directors and Advisory Committees. In 2019, he founded the Companies Coalition against Women violence, in partnership with the UN and Fundação Dom Cabral, and has been working, since 2013, on the advisory and executive committees of the “Akatu Institute”, a non-profit organization that works to raise society’s awareness of responsible consumption. In July 2021, he was elected as the new Chairman of Company’s Board of Directors, which enters a new cycle of digital acceleration, innovation and expansion.

Estela Maris Vieira de Souza Sitting member of the Committee

Mrs. Souza holds a degree in Business Administration and Accounting Sciences from the Pontifical Catholic University of Rio Grande do Sul (PUC/RS). She completed her graduate studies in Marketing Services from the Fundação Instituto de Administração (FIA/USP), and obtained her master’s degree in accounting and controllership from Universidade de São Paulo (FEA/USP). Mrs. Souza is a board member certified by the Brazilian Institute of Corporate Governance. For over 30 years, she served as an independent auditor at PricewaterhouseCoopers (PwC). She was an audit partner from 2000 to 2018 and a sitting member on the board. Mrs. Souza led audit and consulting projects for domestic and multinational companies of various sizes in different business segments. For over 15 years she has held leadership positions in tech, communications, entertainment, and media both domestically and internationally. Currently, she is a board member for Transportadora Sulbrasileira de Gás (TSB), a fiscal council member at Lojas Renner S/A, and a member of the audit committee for the Agência Brasileira Gestora de Fundos Garantidores e Garantias (ABGF). Estela does not hold any positions in other nonprofit sector companies or organizations.

Adriana Caetano Sitting member of the Committee

Mrs. Caetano holds a degree in Business Administration from São Marcos University and Accounting Sciences from Universidade Paulista. She is an IFRS specialist from FIPECAFI with a master’s degree in accounting sciences from FECAP. She was previously the managing partner of KPMG’s department of professional practices and risk management between 2011 and 2013. She held several positions as an audit manager which international work experience. Mrs. Caetano serves on the technical executive board of the Institute of Independent Auditors of Brazil and is a partner of ACAECONT Consultoria Contábil e Financeira.

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.

Name Office
Frederico Wagner Sitting Committee member

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.

Ricardo Rosset Sitting Committee member

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.

Alberto Dominguez Von Ihering Azevedo Sitting Committee member

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.

Retail Committee

Name Office
Frederico Wagner Sitting Committee member

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.

Ricardo Rosset Sitting Committee member

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.

Alberto Dominguez Von Ihering Azevedo Sitting Committee member

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.

Ana Cláudia Ferreira de Moura Sitting Committee member

Mrs. Moura holds a degree in Industrial Design from Fundação Armando Álvares Penteado (FAAP). She also completed her graduate studies in retail at Fundação Getúlio Vargas (FGV-SP) and in retail marketing at the Escola Superior de Propaganda e Marketing (ESPM). She built her professional career (spanning 25 years) at Track&Field, where she first started as a store manager. For the past 15 years she has been serving as an officer in sales. Her responsibilities involve the results of company-owned and franchised stores, visual merchandising and sales training.

Gabriela Baumgart Sitting Committee member

Mrs. Baumgart holds a degree in Law from University of São Paulo (USP), with graduate studies in business administration from Getúlio Vargas Foundation (CEAG), MBA in shopping mall management also from Getúlio Vargas Foundation, Entrepreneurship from Babson College Boston, Management for CEOs from Harvard Business School (OPM). Mrs. Baumgart is an experienced board member (CCA+) certified by IBGC. At IBGC, she took part in the ESG training: how to rethink and innovate businesses in a transformational world. Until 1999, Mrs. Baumgart acted as an attorney and during 16 years as an executive at Grupo Baumgart. In the last 12 years, she has been serving as a member of committees, boards of directors, and advisory councils. Currently, Mrs. Baumgart is a member of the board of directors and a member of the Strategy, Innovation & Sustainability Committee of Grupo Baumgart. Since 2018, she has been a member of the board of directors of the Brazilian Society of Consumption and Retail (SBVC), and since 2020, of the Brazilian Institute of Corporate Governance (IBGC), wherein, she is also a professor of family business governance course. Mrs. Baumgart is a partner at Candea Participações, since 2005, G2B Assessoria Empresarial, since 2017, Agropecuária Baumgart and Fazendas Reunidas Baumgart. She is also EY’s Winning Women mentor, IBGC – PDec mentor- board diversity, in association with the Family Business Networking (FBN), Endeavor Ambassador, Distinguished Council member of Conscious Capitalism and founder of “Fundo Dona de Mim”, an initiative of Grupo Mulheres do Brasil which provides micro-credit for women entrepreneurs.