Board of Directors
The Board of Directors shall be made up of at least 5 members, of which at least 20% should be Independent Members in compliance with the Novo Mercado Listing Rules. The members are elected in the General Meeting for a one-year term and reelection is allowed. The Board of Directors’ meetings are held every month or whenever called by the Chairman, Vice-Chairman, or by three members, and the minutes of the meetings are disclosed to the public.
It is up to the Board of Directors to define Cyrela's general policies and guidelines, assess the plans and projects proposed by the Board of Executive Officers, and measure the results achieved. The responsibilities of the Board include electing and dismissing members of the Board of Executive Officers and monitoring their management practices.
The current members of the Company's Board of Directors were elected at the last Annual General Meeting held on April 27, 2012 with a unified term of one year up to the Annual General Meeting of 2013.
Elie Horn is the Chairman of the Board of Directors and CEO of Cyrela. He has held these two functions since the incorporation of Brazil Realty in 1994 and has a broad experience in the real estate development business. He is also the founding Partner and President of Cyrela since 1978. He holds a Bachelor's Degree in Law from Mackenzie Presbyterian University.
Rogério Jonas Zylbersztajn is Vice-President of the Board of Directors and Vice-President of Cyrela since 2006. He is also the Vice-President of ADEMI, meritorious Partner of AIB (Media Association of Barra), and Vice-President of Sinduscon-Rio. He is the Partner-Director of RJZ Engenharia Ltda., which was founded in 1985 and during his administration achieved the goal of building 996,064 m² in more than 130 real estate developments in the State of Rio de Janeiro. He and his company have been the receivers of the following awards: "Businessperson of the Year" in 2001 and "Company of the Year" in 2002, 2006, and 2007 from ADEMI, "Pedro Ernesto Meritorious Medal" in 2002 and "Meritorious Citizen" in 2004, both awarded by the Municipal Chamber of Rio de Janeiro, "Real Estate Master" (considered the Oscar Award of the market) in 2004 and 2005, and the "Top in Marketing" by ADVB in 2004, 2005, 2007, and 2008. He holds a Bachelor's Degree in Civil Engineering from Santa Úrsula University in Rio de Janeiro.
George Zausner has been a member of Cyrela's Board of Directors since 1997. He has also been the Technical Director of Cyrela Empreendimentos Imobiliários Ltda. since 1982. Before this he was a Manager at FOA – Engenharia e Fundações Ltda. from 1970 to 1982. He holds a Bachelor's Degree in Civil Engineering from the Polytechnic School of the University of Bahia.
Rafael Novellino has been a member of Cyrela's Board of Directors since 1997. He has also been the Financial Director of Cyrela Empreendimentos Imobiliários Ltda. since 1982. He was the Financial Director of the Anhembi Industry in 1981 and 1982, Controller for the Ferraz de Andrade Group from 1972 to 1981, and Manager for Supergasbras Distribuidora de Gás from 1961 to 1972. He holds a Bachelor's Degree in Accounting from the Technical School of Trade "Trinta de Outubro" and in Economics from the São Luis School of Economics.
Fernando Goldsztein is a member of the Board of Directors. He is also an executive officer for the operations in the Southern region of Brazil, Argentina and Uruguay. In 2005 he acted as the commercial Director at Goldsztein Participações. In 2006, he acted as the commercial Director for the joint venture Goldsztein Cyrela, and became the CEO in 2008. He was appointed executive Director of the southern operations in 2009, after Goldsztein Participações was acquired by Cyrela. Mr. Goldsztein holds a degree in business administration from Pontifícia Universidade Católica do Rio Grande do Sul (PUC/RS) and attended marketing courses at Universidade Federal do Rio Grande do Sul (UFRGS), as well as holds a post-graduation degree from Fundação Dom Cabral. He holds a masters’ degree in business administration from the MIT Sloan School of Management (USA).
Sergio Rial has been a member of Cyrela’s Board of Directors since 2010. He has acted as the corporate Vice-President of Cargill Inc. and CEO of Carval Investidores LLC. since 2004. Formerly, he was senior Director of Bear Sterns in New York, and a senior officer of the investment division of that institution. He worked for 18 years at ABN AMRO in Latin America, Europe and Asia, being appointed to the Board of Directors. Mr. Rial has a bachelor degree in Law from Universidade Federal do Rio de Janeiro and a degree in Economics from Universidade Gama Filho, also in Rio de Janeiro. He holds an MBA from Instituto Brasileiro de Mercado de Capitais and attended specialization courses offered by the Harvard Business School, Insead Institute and Wharton.
* Independent Member.
João Cesar de Queiroz Tourinho is a Partner and officer of Mauá Sekular Investimentos, where he has been since 2009. Before then, he was the deputy CEO of Banco Safra, for whose Treasury and Investment Bank he was responsible for 12 years. He was a member of BM&F's (Futures and Commodities Exchange) Ethics Committee from December 2006 to December 2009. He graduated from PUC-RJ (Pontifical Catholic University of Rio de Janeiro) with a degree in Mechanical Engineering and Production and has an Executive MBA in Finance from IBMEC (Brazilian Institute of Capital Markets).
* Independent Member.
Vicente Falconi Campos degree in Engineering from UFMG (Brazil) (1963). PhD in Metallurgical Engineering from Colorado School of Mines (USA) (1972). Consultant for large Brazilian conglomerates and for the Brazilian government. Founding Partner and Board Member of INDG - Instituto de Desenvolvimento Gerencial (Management Development Institute) (management consulting company with 1,200 consultants operating both in Brazil and abroad). Professor Emeritus of UFMG. Member of the Board of Directors of AmBev. Mr. Campos published six books in the field of Corporate Management, which sold more than one million copies.
* Independent Member.
