Management

BOARD OF DIRECTORS
Nome
Benjamin Steinbruch

He has been a member of the Company’s Board of Directors since November 30, 2016, holding the position of Chairman of the Company’s Board of Directors. He has been a member of the Board of Directors of Companhia Siderúrgica Nacional (“CSN”) since April 23, 1993, having held, since April 28, 1995, the position of Chairman of the Board of Directors of CSN, where he also holds the position of Chief Executive Officer since April 30, 2002, being also responsible for the areas, institutional and mining and railway holdings. He is also Chairman of the Board of Directors of CSN Cimentos S.A. (a controlled company of CSN) and Chairman of the Deliberative Council of Fundação CSN. Currently, he also holds the position of Chairman of the Board of Directors of the companies Textília S.A., Fibra Cia. Real Estate Credit Securitizer, Banco Fibra S.A., Elizabeth S.A. Indústria Têxtil e Vicunha Steel S.A., as well as Vice-Chairman of the Board of Directors of Vicunha Aços S.A., member of the Board of Directors of Vicunha Participações S.A., Director of Rio Purus Participações S.A. and Rio Iaco Participações S.A., administrator of Fazenda Alvorada de Bragança Agro-Pastoril Ltda. (all these companies are part of CSN’s controlling group). He is chairman of the Board of Directors of the Jockey Club of São Paulo and a member of the Board of Directors of the Portuguese Chamber. In the last 5 years, he was 1st Vice-President of the Federation of Industries of the State of São Paulo FIESP, member of the Superior Strategic Council of FIESP, Director of the Roberto Simonsen Institute and member of the Economic and Social Development Council, member of the CCI Interinstitutional Advisory Board of the Court of Justice of the State of São Paulo, Chairman of the Board of Directors of Nacional Minérios S.A. (merged into CSN Mineração S.A. in 2015), Chairman of the Board of Directors of Transnordestina Logística S.A. and FTL Ferrovia Transnordestina Logística S.A., and administrator of Haras Phillipson Ltda. (company extinguished in November 2017). He holds a degree in Business Administration from Fundação Getúlio Vargas School of Business Administration SP, with a postgraduate degree in Marketing and Finance from Fundação Getúlio Vargas – SP.

Marcelo Cunha Ribeiro

He has been a member of the Company’s Board of Directors since January 21, 2021, having previously held the position of Chief Financial and Investor Relations Officer from October 15, 2020 to January 21, 2021. He is Executive Officer of Finance of Companhia Siderúrgica Nacional, being responsible for the treasury, controllership, tax and accounting areas, cumulating the functions of Executive Director of Investor Relations. He also serves as Officer of Minérios Nacional S.A., Officer of Elizabeth Cimentos S.A., Superintendent and Investor Relations Officer of CSN Cimentos S.A., Chief Financial Officer of Berkeley Empreendimentos e Participações S.A., member of the Board of Directors of CSN Resources S.A. and member of the Supervisory Board of Stahlwerk Thüringen GMBH (all subsidiaries of CSN), Chairman of the Board of Directors of FTL Ferrovia Transnordestina Logística S.A., Administrative-Financial Director of EQUIMAC S.A., member of the Board of Directors and member of the committee of MRS Logística S.A., Chairman of the Board of Directors of Transnordestina Logística S.A. (all jointly controlled by CSN), as well as Chairman of the Deliberative Council of Caixa Beneficente dos Empregados da Companhia Siderúrgica Nacional CBS. Before joining the CSN group, he served as Chief Financial Officer of the St. Marche, Vice President of Finance and Investor Relations at Restoque Comércio e Confecções de Roupas S.A., Chief Financial Officer of the SBF Group (GP Investimentos Ltd), Managing Director in the Private Equity area of ​​GP Investimentos Ltd. and Chief Financial Officer of San Antonio International Ltd., as well as a member of the Board of Directors of Hopi Hari S.A., Telemar Norte Leste S.A. (Oi S.A.), Contax Participações S.A., Estácio Participações S.A., Magnesita Refratários S.A., and BR Towers SPE1 S.A.. Graduated in Production Engineering from the University of São Paulo and an MBA from the Harvard Business School.

Victoria Steinbruch

She has been a member of the Company’s Board of Directors since January 21, 2021. She is currently Advisor to the Presidency of Companhia Siderúrgica Nacional, a position she has held since 2020, having previously held the position of Earnings Management Manager at CSN between from 2017 to 2019. He also holds the positions of member of the Board of Directors of CSN Cimentos S.A. and CBSI – Companhia Brasileira de Serviços de Infraestrutura (all subsidiaries of CSN), the Deliberative Councils of Fundação CSN and CBS – Caixa Beneficente dos Empregados of CSN and a member of the Board of Directors of Elizabeth S.A. Textile Industry, company of the controlling group. In the last 5 years he was also an international investment research analyst at M Square. She holds a degree in Economics from Barnard College, Columbia University (New York), with a Master’s (MSc) from the London School of Economics (London).

Helena Olímpia de Almeida Brennand Guerra

She has been a member of the Company’s Board of Directors since January 21, 2021. She is currently Director of Sustainability, Environment, Health and Occupational Safety at Companhia Siderúrgica Nacional since June 2020, and also holds the position of effective member of the Board of Directors of CSN Cimentos S.A.. Previously, she held the positions of Corporate General Manager, Vice President of Governance and Compliance Corporate Director of Sustainability and QSMS in the STR Group, which includes the companies Petra Energia, Vicenza Mineração, Arborm and STR Energia. She holds a law degree from the Catholic University of Pernambuco, an MBA in Business Management from the Polytechnic University of Pernambuco and a Specialization in Environmental Law from PUC/SP.

Hiroshi Akiba

He has been a member of the Company’s Board of Directors since October 15, 2020. He holds the position of Chief Executive Officer for Latin America at ITOCHU Corporation and Chief Executive Officer at Itochu Brasil S.A. since April 2020. He joined ITOCHU Corporation in April 1986 and has held a variety of positions since then, including the positions of General Manager Brisbane Office and General Manager of Coal Department, President and CEO of Itochu Coal Americas Inc., Deputy COO, Coal, Nuclear Fuel and Solar Division, and General Manager of the Tohoku Regional of Itochu Corporation. Graduated in Economics from Keio University.

Miguel Ethel Sobrinho

He has been an independent member of the Company’s Board of Directors since November 30, 2016. He is also an independent member of the Board of Directors of Companhia Siderúrgica Nacional (“CSN”), since April 26, 2019, a member of the Audit Committee of CSN , since May 3, 2019, and a member of the Board of Directors of CSN Cimentos S.A.. He is also an Officer and shareholder of Participa Empreendimentos Imobiliários e Participações Ltda. water and gas and in fast food chains. He holds a degree in Production Engineering from the Polytechnic School of the University of São Paulo, a Master’s in Administration (MBA) from the Faculty of Economics and Administration of the University of São Paulo, he was Professor of Investment and Project Analysis at the Faculty of Economics and Administration of the University of São Paulo and member of the Board of Trustees and founder of the Fundação Instituto de Administração, Universidade de São Paulo. Mr. Miguel Ethel Sobrinho meets the requirements of an independent member of the Company’s board of directors as he meets all the requirements of the definition of an independent director provided for in the Level 2 Regulation of B3: (i) he has no relationship with the Company, except for the participation of capital, (ii) is not a controlling shareholder and has no relationship with it, as he also acts as an independent member of its board of directors, (iii) has not been, in the last 3 (three) years, an employee or director of the Company or of any of its affiliates, (iv) is not a supplier or purchaser of services or products of the Company, (v) is not a manager of a company that demands services or products in an magnitude that implies loss of independence, considering that in the nine-month period ended as of September 30, 2020, only 11.29% of the Company’s net revenue derives from sales to the controlling shareholder, CSN, (vi) is not a spouse or relative of another manager of the Company, and ( vii) does not receive any compensation from the Company other than that related to the position of director.

Daisuke Hori

He is an alternate member of the Company’s Board of Directors. Previously, he held the position of Strategic Planning Director at the Company, from 2018 to March 2021, as well as acting as a Director of Itochu Brasil S.A., an alternate member of the Board of Directors of Nacional Minérios S.A. (from 2008 to 2013) and manager of the Iron Ore Department of Itochu Corporation (from 2016 to 2018). He currently also serves as Director of Itochu Brasil S.A. and from Japão Brasil Minério de Ferro Participações Ltda., since April 2021. Graduated in Political Science from the Faculty of Law of the University of Doshisha, Kyoto, Japan.

Yoshiaki Nakano

He has been an independent member of the Company’s Board of Directors since January 21, 2021 and a member of the Audit Committee since January 28, 2021, being appointed as Coordinator of the Company’s Audit Committee on May 4, 2022. In addition to In addition, since April 29, 2004, he has been an independent member of the Board of Directors of Companhia Siderúrgica Nacional (“CSN”) and also of its Audit Committee since June 24, 2005, holding the position of chairman of the Audit Committee since October 2017. He is also a member of the Board of Directors of Transnordestina Logística S.A. (jointly controlled by CSN) and an independent member of the Board of Directors of CSN Cimentos S.A. (controlled by CSN). In addition, he has been Director of the School of Economics at Fundação Getúlio Vargas in São Paulo since 2003. In the last 5 years, he has worked as professor of Economics at Fundação Getúlio Vargas, member of the Superior Council of Economics (COSEC) at FIESP/IRS and has been a member of the the Board of Directors of Fundação de Amparo à Pesquisa do Estado de São Paulo FAPESP until 2015. Previously, he was Special Secretary for Economic Affairs at the Ministry of Finance and Secretary of Finance for the State of São Paulo. He holds a degree in Business Administration from Fundação Getúlio Vargas and a Master’s and Doctorate from Cornell University, in the United States. Mr. Yoshiaki Nakano meets the requirements of an independent member of the Company’s board of directors to the extent that he meets all the requirements of the definition of an independent director provided for in the Level 2 Regulation of the B3: (i) he has no relationship with the Company, except equity interest , (ii) is not a controlling shareholder and has no relationship with it, as he also acts as an independent member of its board of directors, (iii) has not been, in the last 3 (three) years, an employee or director of the Company or any of its affiliates, (iv) is not a supplier or purchaser of services or products of the Company, (v) is not a manager of a company that demands services or products in an magnitude that implies loss of independence, considering that in the nine-month period ended in September 30, 2020 only 11.29% of the Company’s net revenue arises from sales to the controlling shareholder, CSN, (vi) is not a spouse or relative of another Company manager, and (vii) n does not receive any other remuneration from the Company in addition to that related to the position of director.

BOARD OF EXECUTIVE OFFICERS
Nome
Enéas Garcia Diniz

He currently holds the position of Superintendent Officer at the Company, serving as Officer since November 21, 2016. He held the position of Executive Officer of Companhia Siderúrgica Nacional (“CSN”) from June 21, 2005 to July 31, 2016, having worked responsible for the production areas in steel and cement, energy, ports, mining and the environment. He has worked at CSN since 1985, having previously held the following positions: General Manager of Hot Rolling, General Manager of Maintenance, Director of Metallurgy, Director of the Presidente Vargas Steelworks and director of Nacional Minérios S.A. He was also a director at Arvedi Metalfer do Brasil S.A., Cia. Metalic Nordeste, Companhia Metalúrgica Prada, Congonhas Minérios S.A. (currently CSN Mineração S.A.), Itá Energética S.A., Sepetiba Tecon S.A., Lusosider – Aços Planos S.A. and Lusosider Projectos Siderúrgicos S.A. He was also Director of Cia Metalic Nordeste, Companhia Florestal do Brasil, Companhia Metalúrgica Prada, CSN Energia S.A., Estanho de Rondônia S.A., Itá Energética S.A., Mineração Nacional S.A. and Stahlwerk Thüringen GmbH (“SWT”). Currently, he also serves as Director of Fundação CSN and Minérios Nacional S.A., as well as a member of the Board of Directors of MRS Logística S.A. He holds a degree in Mechanical Engineering from the Pontifical Catholic University of Rio de Janeiro, an MBA in Industrial Strategy and Business Management from the Fluminense Federal University of Rio de Janeiro and a business MBA from Fundação Dom Cabral in Belo Horizonte – MG.

Pedro Barros Mercadante Oliva

He has held the position of Chief Financial and Investor Relations Officer at the Company since January 21, 2021. He has been an Advisor to the Presidency of Companhia Siderúrgica Nacional since 2019. He also serves as Chairman of the Board of Directors of Equimac S.A., member of the Board of Directors of CBSI Companhia Brasileira de Serviços de Infraestrutura, alternate member of the Board of Directors of Transnordestina Logística S.A., alternate member of the Board of Directors of FTL – Ferrovia Transnordestina Logística S.A. (all controlled or jointly controlled by CSN), member of the Fiscal Council of Fundação CSN, alternate member of the Deliberative Council of Caixa Beneficente dos Empregados of Companhia Siderúrgica Nacional CBS and member of the Board of Directors of Miter Realty. In the last 5 years he was co-founder and is a partner and member of the Board of Brasil Student Housing, a company focused on the development and operation of student housing in Brazil and a specialized FIP consultant focused on this segment. He was also a partner at Leste Investimentos with operations in private equity, vice president and member of the Board of Directors of Petra Energia, member of the Board of Directors of Vicenza Mineração, member of the Board of Directors of Parnaíba Geração e Comercialização de Energia and founding member of URBEM (Institute of Urbanism and Studies for the Metropolis). Graduated in Economics from FEA-USP (Faculty of Economics, Administration and Accounting of the University of São Paulo), with a Master of Finance from the Judge Business School, University of Cambridge, Program for Leadership Development from Harvard Business School and Executive Negotiation Workshop: Bargaining for Advantage by the Wharton Business School.

Hironori Makanae

He has held the position of Strategic Planning Director at the Company since April 30, 2021. He worked with Itochu Corporation from March 2005 to March 2021, holding various positions in the corporation, including the positions of Deputy General Manager in the Iron Ore department and Steel, General Manager of the Perth Office and Department of Metals and Mineral Resources at Itochu Australia Ltd., General Manager and Director in the area of ​​Iron Ore and Steel Resources at Itochu Minerals & Energy of Australia Pty Ltd. Cumulatively during this period, he served as Senior Director in the Planning and Administration area at Metals Division Company and Vice President Director at Nacional Minérios S.A., a company that was merged into the Company. He holds a BA in Political Science from Keio University in Japan, with a specialization in International Corporate Strategy, as well as an MBA in Business Administration both from Hitotsubashi University in Japan, and Advanced Management Program from IMD (Switzerland).

Otto Alexandre Levy Reis

He has held the position of Investment Director at the Company since June 25, 2021. He served as Secretary of Planning and Management of the State of Minas Gerais from January 2019 to April 2021. Previously, from November 2008 to December 2018, he served as Director of Magnesita Refratários S.A, having held the position of Director General of Operations since 2013. From 1995 to 2008 he was a consultant and partner at Falconi Consultoria. He holds a bachelor’s degree in Metallurgical Engineering from the Federal University of Minas Gerais (“UFMG”), having been awarded the Alcindo Vieira award for having graduated first in the course.

Ricardo Grossi Neves

He has held the position of Director of Operations at the Company since August 16, 2021. He worked as a Change Management and Business Solutions Consultant, together with Anglo American PLC, having held the position of General Manager of Operations, in the same company, of July 2017 to July 2020. Previously, he worked with Vale S.A. from September 2014 to July 2017, in the position of Executive Manager of the Paraopeba Complex, being responsible for the operation and maintenance of the entire production system from the Mine to the company’s Railway Terminals. He is a Mining Engineer graduated from the Federal University of Minas Gerais (“UFMG”), with a specialization in Entrepreneurship from Badson College and an MBA in Industrial Management from Fundação Getúlio Vargas (“FGV”).

Audit Committee
Nome
Angélica Maria de Queiroz

He has been a member of the Company’s Audit Committee since January 28, 2021. He has held the position of alternate member of the Fiscal Council of Companhia Siderúrgica Nacional (“CSN”) since July 2018, having replaced the titular member as of February 2022 and elected as Chairman of CSN’s Fiscal Council in May 2022. In addition, she has been a member of the Advisory Board of the IBGT (Brazilian Institute of Management and Turnaround) since 2005, founding partner of Clear Horizon (2002), a consulting firm in national and international companies, working in the areas of supply and distribution, production and sales, administrative and financial and member of the Fiscal Council/Audit of the NGO Américas Amigas. She was an independent consultant for the CSN Audit Committee from 2011 to 2017. She holds a degree in Economic Sciences from the Pontifical Catholic University of Rio de Janeiro and a postgraduate degree in Finance from Fundação Getúlio Vargas in Rio de Janeiro.

Beatriz Santos Martini

She has been a member of the Company’s Audit Committee since May 4, 2022. In addition, she is an alternate member of the Fiscal Council of Companhia Siderúrgica Nacional since June 2018, Founder and managing partner of BSM & Associados Ltda., with 27 years of experience in the market, specialization in Organizational Change consulting projects (Change Management) and practice leader and senior consultant since 1993. In the last 5 years she has provided consulting services to several companies, such as Makro, Casas Pernambucanas, Kroton Anhanguera, Marina Linhares Architecture, CSD/Amigão Supermarket (M&A). Graduated in Production Engineering from the Polytechnic School of the University of São Paulo, with a specialization in Creativity and Educational Technology from Fundação Armando Álvares Penteado and Coaching from the Leading Group (Argentina).

YOSHIAKI NAKANO

has been an independent member of the Company’s Board of Directors since January 21, 2021 and a member of the Audit Committee since January 28, 2021, being appointed as Coordinator of the Company’s Audit Committee on May 4, 2022. In addition to Furthermore, since April 29, 2004 he has been an independent member of the Board of Directors of Companhia Siderúrgica Nacional(“CSN”) and also of its Audit Committee since June 24, 2005, holding the position of chairman of the Audit Committee since October 30, 2017. He is also a member of the Board of Directors of Transnordestina Logística S.A. (jointly controlled by CSN) and an independent member of the Board of Directors of CSN Cimentos S.A. (controlled by CSN). In addition, he has been Director of the School of Economics at Fundação Getúlio Vargas in São Paulo since 2003. In the last 5 years, he has worked as professor of Economics at Fundação Getúlio Vargas, member of the Superior Council of Economics (COSEC) at FIESP/IRS and has been a member of the the Board of Directors of Fundação de Amparo à Pesquisa do Estado de São Paulo – FAPESP until 2015. Previously, he was Special Secretary for Economic Affairs at the Ministry of Finance and Secretary of Finance for the State of São Paulo. He holds a degree in Business Administration from Fundação Getúlio Vargas and a Master’s and Doctorate from Cornell University, in the United States.