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Mr. Galvêas has been a member of the Company's Board of Directors since April 29, 1994. He was an officer of the External Trade Agency of Banco do Brasil from 1966 to 1967 and President of the Central Bank of Brazil from 1968 to 1974 and in 1979, as well as the Brazilian Minister of Finance from 1980 to 1985. He was Financial Officer and later Vice-President of the Company from 1974 to 1979. Currently, he is also a member of the Board of Directors of Lorentzen Empreendimentos S.A., of the Getúlio Vargas Foundation and of Jacob Safra Bank, in Switzerland. At present he is also an Economic Consultant of the National Confederation of Commerce of Brazil. | 