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Carlos Alberto Cardoso Moreira - received a degree in Business Administration from Pontifical Catholic University of of São Paulo in 1984 and attended several extention courses seminars and workshops on Previdência Complementar and Capital Market (IBMEC IBC ABRAPP Wharton School). He has held the position of Senior Investment Analyst at Credibanco from 1984 to 1988 Resident Vice President of Citibank N.A. from 1988 to 1992 and Institucional Customers Director of Banco BMC S/A from 1992 to 1999. Since 2002 he has been the Investiment and Finance Director of Fundação Sistel de Seguridade Social SISTEL. He was also the Administrative Director of Bonaire Participações S.A. a member of the National Technical Commission of Investiments CNTI and a member of the Board of Directors of GTD Participações S.A. EMBRAER. He is currently a member of the Board of Directors of Paranapanema Group Eluma and Caraíba Metais. Mr. Moreira was a deputymember of our Board of Directors in 2007 and has been an effective member of our Board of Directors since April 9 2008. | 