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Mr. Fábio Schvartsman is a member of the Board of Directors and the Audit Committee, Mr. Schvartsman served as Chief Financial Officer, partner and member of the Board of Directors of Ultrapar Participações until April 1, 2007. He is the CEO of Telemar Participações and sits on the board of directors of Telemar Norte Leste, Contax and Gafisa, where he also serves as Chairman of the Audit Committee. He is a member of the Advisory Boards of Signatura Lazard and Hospital Israelita Albert Einstein, and the Founder and President of the consultancy FSCH Assessoria em Planejamento Financeiro e Empresarial. He holds a bachelor's degree in Engineering and a graduate degree in Production Engineering from the Polytechnic School of the University of São Paulo, and also a graduate degree in Business Administration from the Getúlio Vargas Foundation. | 