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BOVESPA’s corporate restructuring was approved in an Extraordinary General Meeting
(EGM), held on August 28th at BOVESPA’s headquarters.
As the result of this restructuring the
Exchange turned into a for-profit corporation.
The corporate restructuring resulted in the
creation of BOVESPA Holding, the parent company of Bolsa de Valores de São
Paulo (BVSP) and Companhia Brasileira de Liquidação e Custódia (CBLC), both fully
owned by BOVESPA Holding. The BVSP will undertake the Exchange operations, whereas the
CBLC will remain as the provider of clearing, settlement and depository services.
The EGM also created the Instituto
Bovespa de Responsabilidade Social e Ambiental (BOVESPA Institute of Social and
Environmental Responsibility), a non-for-profit civil association owned by the
BOVESPA Holding and devoted to developing the company’s social and environmental
projects.
The BOVESPA Holding will have a Board of
Directors composed by nine directors with a two-year term, being five of them independent.
The Board is responsible for electing the Senior Executive Officers, who have also been
elected.
Chairman: Raymundo Magliano Filho - graduated in Business Administration, director of Magliano S.A Brokerage Firm Vice-Chairman: Nelson B. Spinelli - graduated in Law, director of Spinelli S.A Brokerage Firm Independent Directors: Álvaro Musa – graduated in Business Administration, director of Partner Consult Ary Oswaldo Mattos Filho – graduated in Law, former chairman of the Brazilian Securities and Exchanges Commission and professor at Fundação Getúlio Vargas Business School José Roberto Mendonça de Barros – graduated in Economics, partner of MB Associados and former Secretary of Economic Policy and Foreign Trade Luiz Felipe Lampreia – graduated in Sociology and a Diplomat, former Minister of Foreign Affairs Pedro Parente – graduated in Electrical Engineering, Executive Vice-President of Rede Brasil Sul and former Minister of Internal Affairs and Planning Other non-independent Directors: Alfredo Setúbal – graduated in Business Administration, member of the Board and Executive Vice-President of Banco Itaú Manuel Horácio – graduated in Business Administration, President of Banco Fator Senior Executive Officers: Gilberto Mifano – Chief Executive Officer Francisco Carlos Gomes – Chief Financial Officer Helcio Fajardo Henriques – Chief Corporate Officer |
