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Francisco R. Gros, age 64, has been a director of the Company since October 2006. Mr. Gros has been President and Chief Executive Officer of Fosfertil, a company involved in the chemical, fertilizer and logistics industries in Brazil, since 2003. In addition, Mr. Gros was President and Chief Executive Officer of Petróleo Brasileiro S.A. from January 2002 to December 2002, and President and Chief Executive Officer of the Brazilian Development Bank from 2000 to December 2001. Previously, Mr. Gros was also a Managing Director of Morgan Stanley from 1993 to 2000, and was Governor of the Central Bank on two occasions, in 1987 and from 1991 to 1992. Mr. Gros is also the Chairman of the Board for Lojas Renner S.A. and serves on the Boards of Globex Utilidades S.A., Ocean Wilson Holdings, Energias do Brasil S.A. and Farmasa S.A.
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