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
Tulio Capeline Landin Chief Executive Officer and People & Management Officer

Mr. Landin holds a dual degree in sports and accounting from the University of São Paulo (USP). He also obtained his MBA from the Tuck School of Business at Dartmouth college. Mr. Landin has taken executive courses in innovation and digital strategy from MIT and Harvard Business School.
Mr. Landin has 16 years of work experience in finance and strategy. He also has experience in international business, logistics, fund-raising, administration, and sports marketing. Mr. Landin worked for several companies such as the NBA, LiveWright, Monitor Group, Standard Bank, J.P. Morgan, and PwC. Previously, he served as Track&Field’s CFO for approximately three years.

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.

Márcio Luiz Matsuda Chief Operating Officer

Mr. Matsuda holds a degree in mechanical engineering with an MBA in retail from the Fundação Instituto de Administração (FIA-USP). He specialized in industrial management and is also a Lean Six Sigma black belt. He has broad market experience, and previously acted as the logistics, supply, operations, planning, and projects officer at Dafiti, Saraiva, Etna, B2W Digital, Telefônica, and Magazine Luiza. Mr. Matsuda joined Track&Field in January 2019 as the Chief Operating Officer. He currently works on projects in freight, distribution centers, and logistics network configurations.

Cristiano Poloniato Pereira Marketing & Retail Officer

Mr. Pereira holds a degree in publicity and advertising from the Escola de Comunicações e Artes (ECA-USP) with an MBA in business administration from Fundação Getulio Vargas (FGV-SP). Mr. Pereira has over 20 years of management experience in marketing, publicity, and business planning with a strong emphasis on digital. He has worked for companies such as IBM, Yahoo, Transunion, and Dotz while taking charge of marketing and multidisciplinary product structuring.

Luiz Carlos Franco Alves Junior Digital 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, retail, and digital spaces. 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.

Name Office
Frederico Wagner Member of the Board of Directors

Fred is one of the three founding partners of the Company. During high school, the three founders started producing t-shirts to sell to their classmates. Soon they moved on to making surf wear. In 1988, they founded Fratex Indústria e Comércio Ltda, currently known as Track&Field Co, with the goal of attracting an increasing number of followers in the Brazilian fitness and fashion industries.
He has managed the Company since the initial launch, accumulating more than 30 years of work experience in retail. In 2020, after a company-wide restructuring, Fred became a member of the Board of Directors and launched the 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. He sits on the Gocase.com advisory council through Endeavor. Mr. Wagner holds a degree in Business Administration from Fundação Getulio Vargas (FGV-SP) and concluded the course “Machine Learning: Implementation in Business” from MIT Sloan.

Ricardo Rosset Member of the Board of Directors

Mr. Rosset is one of the three founding partners of the Company and is also a former Formula One driver. In 1988, the three partners founded Fratex Indústria e Comércio Ltda, currently known as Track&Field Co, with the goal of attracting an increasing number of followers in the Brazilian fitness and fashion industries.
In 1989, Mr. Rosset began kart racing, debuted at Formula One in 1996, and stayed there for two years. Afterwards, he began managing the Track&Field company. In 2020, he was placed on the company’s Board of Directors and on the Strategy and Innovation Committee. Mr. Rosset holds a degree in engineering from Fundação Armando Álvares Penteado (FAAP) and has accumulated over 30 years of work experience in retail.

Alberto Dominguez Von Ihering Azevedo Member of the Board of Directors

Mr. Azevedo is one of the three founding partners of the Company. During high school, the group first started making t-shirts to sell at school, and then moved on to surf wear. In 1988, they founded Fratex Indústria e Comércio Ltda, currently known as Track&Field Co, with the goal of attracting an increasing number of followers in the Brazilian fitness and fashion industries.
After managing the company for 30 years, and following a corporate restructuring process, he was placed on the Board of Directors and on the Strategy and Innovation Committee in 2020. Mr. Azevedo also sits on the Board of Directors for the LiveWright Institute and Sports Institute. Mr. Azevedo holds a degree in Law from Mackenzie University and completed the course titled “Making Corporate Boards More Effective” at Harvard Business School.

Richard Doern Independent President of the Board of Directors

Mr. Richard Doern holds a degree in production engineering, completed his graduate studies in marketing and controllership, and specialized in corporate governance and risk management. Over the last 20 years, Mr. Doern headed organizational restructuring of more than 75 companies in the country and was a pioneer (as an interim CEO) in several turnaround processes. Since 2005, Mr. Doern has been serving on boards of directors and advisory councils, mostly as chairman and a member of advisory committees (Audit, Strategy, Governance, and Innovation). He is certified by IBGC (Brazilian Institute of Corporate Governance) as a member of Board of Directors and a member of Audit Committee in the plus category. Among the companies in which he was a board member, we highlight Leforte hospital network, Grupo Ráscal and FCC Indústria Química, as chairman of the Board, and Grupo Educacional Tiradentes, Empresa de Cinemas São Luiz (Kinoplex) and Piccadilly Calçados. In February 2020, Mr. Doern was elected an independent member of the Company’s Board of Directors.

Mario Mello Freire Neto Independent Member of the Board of Directors

Mr. Neto holds a degree in civil engineering from the Polytechnic School at the University of São Paulo. He has cumulated over 30 years of work experience in financial services, technology, and business management. Before taking office as PayPal’s general director for Latin America in 2012, he served as PayPal’s general director in Brazil for two years. Mr. Neto also held the position of Visa’s vice chief executive officer for Latin America, a statutory officer at Banco Real (acquired by Santander), he was also a member of the Board of Directors of Cielo, CBSS, and Fidelity Systems. Currently, Mr. Neto is the operating partner at Valor Capital Group, a member of the Boards of Directors of Tenda Construtora, Track&Field, PicPay, CEO at SPAC Valor Latitude, besides chairing the non-profit startup ‘O Poder do Voto’ (also the founder of this institution).

Gabriela Baumgart Independent Member of the Board of Directors

Mrs. Gabriela 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.

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
Richard Doern Sitting member of the Committee

Mr. Richard Doern holds a degree in production engineering, completed his graduate studies in marketing and controllership, and specialized in corporate governance and risk management. Over the last 20 years, Mr. Doern headed organizational restructuring of more than 75 companies in the country and was a pioneer (as an interim CEO) in several turnaround processes. Since 2005, Mr. Doern has been serving on boards of directors and advisory councils, mostly as chairman and a member of advisory committees (Audit, Strategy, Governance, and Innovation). He is certified by IBGC (Brazilian Institute of Corporate Governance) as a member of Board of Directors and a member of Audit Committee in the plus category. Among the companies in which he was a board member, we highlight Leforte hospital network, Grupo Ráscal and FCC Indústria Química, as chairman of the Board, and Grupo Educacional Tiradentes, Empresa de Cinemas São Luiz (Kinoplex) and Piccadilly Calçados. In February 2020, Mr. Doern was elected an independent member of the Company’s Board of Directors.

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 is one of the three founding partners of the Company. During high school, the three founders started producing t-shirts to sell to their classmates. Soon they moved on to making surf wear. In 1988, they founded Fratex Indústria e Comércio Ltda, currently known as Track&Field Co, with the goal of attracting an increasing number of followers in the Brazilian fitness and fashion industries.
He has managed the Company since the initial launch, accumulating more than 30 years of work experience in retail. In 2020, after a company-wide restructuring, Fred became a member of the Board of Directors and launched the 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. He sits on the Gocase.com advisory council through Endeavor. Mr. Wagner holds a degree in Business Administration from Fundação Getulio Vargas (FGV-SP) and concluded the course “Machine Learning: Implementation in Business” from MIT Sloan.

Ricardo Rosset Sitting Committee member

Mr. Rosset is one of the three founding partners of the Company and is also a former Formula One driver. In 1988, the three partners founded Fratex Indústria e Comércio Ltda, currently known as Track&Field Co, with the goal of attracting an increasing number of followers in the Brazilian fitness and fashion industries.
In 1989, Mr. Rosset began kart racing, debuted at Formula One in 1996, and stayed there for two years. Afterwards, he began managing the Track&Field company. In 2020, he was placed on the company’s Board of Directors and on the Strategy and Innovation Committee. Mr. Rosset holds a degree in engineering from Fundação Armando Álvares Penteado (FAAP) and has accumulated over 30 years of work experience in retail.

Alberto Dominguez Von Ihering Azevedo Sitting Committee member

Mr. Azevedo is one of the three founding partners of the Company. During high school, the group first started making t-shirts to sell at school, and then moved on to surf wear. In 1988, they founded Fratex Indústria e Comércio Ltda, currently known as Track&Field Co, with the goal of attracting an increasing number of followers in the Brazilian fitness and fashion industries.
After managing the company for 30 years, and following a corporate restructuring process, he was placed on the Board of Directors and on the Strategy and Innovation Committee in 2020. Mr. Azevedo also sits on the Board of Directors for the LiveWright Institute and Sports Institute. Mr. Azevedo holds a degree in Law from Mackenzie University and completed the course titled “Making Corporate Boards More Effective” at Harvard Business School.

Retail Committee

Name Office
Frederico Wagner Sitting Committee member

Fred is one of the three founding partners of the Company. During high school, the three founders started producing t-shirts to sell to their classmates. Soon they moved on to making surf wear. In 1988, they founded Fratex Indústria e Comércio Ltda, currently known as Track&Field Co, with the goal of attracting an increasing number of followers in the Brazilian fitness and fashion industries.
He has managed the Company since the initial launch, accumulating more than 30 years of work experience in retail. In 2020, after a company-wide restructuring, Fred became a member of the Board of Directors and launched the 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. He sits on the Gocase.com advisory council through Endeavor. Mr. Wagner holds a degree in Business Administration from Fundação Getulio Vargas (FGV-SP) and concluded the course “Machine Learning: Implementation in Business” from MIT Sloan.

Ricardo Rosset Sitting Committee member

Mr. Rosset is one of the three founding partners of the Company and is also a former Formula One driver. In 1988, the three partners founded Fratex Indústria e Comércio Ltda, currently known as Track&Field Co, with the goal of attracting an increasing number of followers in the Brazilian fitness and fashion industries.
In 1989, Mr. Rosset began kart racing, debuted at Formula One in 1996, and stayed there for two years. Afterwards, he began managing the Track&Field company. In 2020, he was placed on the company’s Board of Directors and on the Strategy and Innovation Committee. Mr. Rosset holds a degree in engineering from Fundação Armando Álvares Penteado (FAAP) and has accumulated over 30 years of work experience in retail.

Alberto Dominguez Von Ihering Azevedo Sitting Committee member

Mr. Azevedo is one of the three founding partners of the Company. During high school, the group first started making t-shirts to sell at school, and then moved on to surf wear. In 1988, they founded Fratex Indústria e Comércio Ltda, currently known as Track&Field Co, with the goal of attracting an increasing number of followers in the Brazilian fitness and fashion industries.
After managing the company for 30 years, and following a corporate restructuring process, he was placed on the Board of Directors and on the Strategy and Innovation Committee in 2020. Mr. Azevedo also sits on the Board of Directors for the LiveWright Institute and Sports Institute. Mr. Azevedo holds a degree in Law from Mackenzie University and completed the course titled “Making Corporate Boards More Effective” at Harvard Business School.

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. Gabriela 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.