G – Corporate Governance

Mr. de Lima is our company’s founder and controlling shareholder and has been the chairman of the board of directors since 2010. Mr. de Lima has worked in the meat industry since 1982. In 1986, Mr. de Lima worked at Frivale-Frigorífico Vale do Ivinhema Ltda., where he oversaw wholesale and retail sales. In 1987, Mr. de Lima commenced his specialization in the meatpacking and trading sector in Dourados, Brazil. Between 1987 and 1990, Mr. de Lima oversaw the opening of operations at several refrigeration plants in Brazil in various Brazilian cities, and he later expanded his business outside of Brazil in founding our company in Paraguay in 1997. In 2010, Mr. De Lima has assumed his current role as chairman of the board of directors of our company. Mr. de Lima holds a Bachelor’s Degree in Business Administration from Catholic University of Santana São Paulo (Brazil).

Mr. Pascutti was promoted to his current position of Vice President in 2019, prior to which he served as General Manager of our company for more than six years. He has been with our company since its founding in 1997 and today is a minor shareholder. Mr. Pascutti has more than 25 years of experience in the meat packaging and marketing industry, primarily operating in Brazil. From 1992 to 1995, Mr. Pascutti was a professor of accounting and mathematics at the Fernando Correa Da Costa State School in Amambai, Brazil. He has a degree in Accounting Sciences from UNESPAR University – Paranavaí Campus, a degree in Auditing from Don Bosco University (Campo Grande – MS) and an MBA degree from Getulio Vargas University (Maringá), each in Brazil. He also holds an MBA from the American University of Paraguay.

Mr. Hermann serves as General Manager and has been a member of the Board of directors of Frigorífico Concepción since 2011. He has been working at our company for the past 19 years and has over 25 years of experience in the meatpacking and trading industry as well as in commercial management, which experience he has obtained while working for several meat packing and trading companies in the Brazilian market. He holds a Bachelor of Business Administration from Universidad Católica Nuestra Señora de la Asunción – Sede Concepción and an MBA from the American University of Paraguay.

Mr. Prado Duran de Lima currently serves as Director, a position he has held since 2022, and is a minor shareholder. He has extensive knowledge and experience in commercial trading, especially on beef trade from South America to Africa, Southeast Asia and Europe. He is the founder and owner of Mundaka Trading Unipessoal Lda., a commercial trading company based in Portugal. He holds a Bachelor’s degree in Business Administration from Universidad at Pontifícia Universidade Católica, São Paulo, Brazil.

Ms. Meza Salomoni de Alarcón has been with our company since 2008 as an accountant and currently as member of the board of directors since 2012. She has extensive professional experience with corporate accounting, where she has specialized in accounting, taxes, external audits, and corporate administrative practices for over 22 years. She has professional experience in both the financial sector and in the meatpacking industry. She has a Bachelor of Science in Accounting from the Universidad Católica Nuestra Señora de la Asunción.

Mr. Pereira Da Cruz currently serves as Director and has been a member of the board of directors since 2019. He has extensive knowledge and experience with the meatpacking and trade industry, primarily in the area of logistics and production. Mr. Pereira Da Cruz also has extensive experience with billing, inventory and administrative procedures. He has been with our company for 18 years.

Mr. Usandivaras currently serves as Director, a position he has held since 2022. He is the founding partner of Verbank Securities, a Paraguay-based brokerage company. Mr. Usandivaras has been a Managing Director at JPMorgan, Deutsche Bank and Merrill Lynch, as well as a Senior Executive with Banco Itau. He holds degrees from Harvard Law School and Harvard Kennedy School of Government with a joint Master’s Degree in fiscal policy and international taxation.

Mr. Mongelos currently serves as Syndic on our board of directors. He is currently the Operative Controller of La Consolidada S.A de Seguros, a position he has held since 2005. He has been a board member of EXPA S.A. since 2003. In 2003 he was a representative of Penner Automotores. From 2002 to 2003 he was the Administrative Manager of Pro Chaco SRL. In 2001 he was an administrative manager at Penner Automotores. From 1994 to 2000, he was administrative manager of Prosegur S.A. Mr. Mongelos has a degree in Accounting Sciences from Universidad Católica Nuestra Señora de la Asunción, and an MBA degree from Universidad Católica Nuestra Señora de la Asunción.

Mr. Mongelos currently serves as substitute Syndic. He provides tax accounting advice, audits and management to Alianza Consultores, where he has been working since 2001. Previously, he was an accounting and tax advisor to other companies and financial institutions. Mr. Zacarias has a degree in Accounting Sciences from National University of Asunción, and a specialization in taxation and tributary procedures from Higher Institute of Tax, Commercial and Administrative Training (FOTRIEM).