Board of Directors and Executive Board

Executive Board

  • Luiz Henrique Andrade de Araújo Chief Executive Officer
  • Gustavo Henrique Diniz de Araújo DIRECTOR & EXECUTIVE VICE PRESIDENT - CEO
  • Paulino Ramos Rodrigues CHIEF FINANCIAL OFFICER AND INVESTOR RELATIONS
  • Felipe Lopes Boff CHIEF TECHNOLOGY, PRODUCTS, SERVICES OFFICER
  • Bruno Pinto Simão CHIEF CLIENTS, GROWTH AND MARKETING OFFICER
  • Uelquesneurian Ribeiro de Almeida EXECUTIVE DIRECTOR OF OPERATIONS AND EFFICIENCY
  • Gregório Moreira Franco EXECUTIVE DIRECTOR OF CONTROLLERSHIP
  • Carolina Marinho do Vale Duarte EXECUTIVE DIRECTOR OF LEGAL, OMBUDSMAN, CREDIT, AND CORPORATE GOVERNANCE
  • Mariana Machado de Araújo de Souza Lima DIRECTOR OF RISKS AND COMPLIANCE
  • Anderson Adeílson de Oliveira COMMERCIAL EXECUTIVE DIRECTOR
  • Rodrigo de Araújo Simões DIRECTOR OF DATA
  • Lucas Lopes Kubiaki, DIRECTOR OF DIGITAL CHANNELS
Luiz Henrique Andrade de Araújo Close
Chief Executive Officer

Has been a member of the Board of Directors of Banco Mercantil do Brasil since 2014. He has been the President of Banco Mercantil do Brasil since 2014 and also operates in the companies within Grupo Mercantil do Brasil. He has been working in Grupo Mercantil for more than 38 years, especially in the commercial areas. He was responsible for the structuring, implementation, and overall management of the Corporate segment platforms. An expert in negotiations, he successfully conducted the recovery of significant loan operations. He played a prominent role in the corporate restructuring process of the conglomerate, acting as the main strategist in the negotiations that resulted in the shareholder’s agreement, allowing the organizational continuity and development of the institution. As Executive Vice President, he coordinated the actions of the Executive Boards, being responsible for the business management and development. He was responsible for the legal and corporate affairs area, which included planning, development, and definition of the strategic approach to defending the interests of the companies in the Mercantil do Brasil Conglomerate in civil, commercial, corporate, and labor areas, aiming to provide legal security to the business of the institution. He graduated in Business Administration from FUMEC in 1980 and Law from the Pontifical Catholic University of Minas Gerais in 1982.

Gustavo Henrique Diniz de Araújo Close
DIRECTOR & EXECUTIVE VICE PRESIDENT - CEO

Has been a member of the Board of Directors of Banco Mercantil do Brasil since 2020 and CEO of Banco Mercantil do Brasil since 2020. His main professional experiences in the last five years include financial planning and schedule management from FEL4 of Petrobras’ Replicantes Project. He was the Treasury and Finance Manager and Executive Director of Finance, Investor Relations, HR, and Marketing at Banco Mercantil do Brasil. He graduated in Electrical Engineering from UFMG, holds a specialization degree in Projects and Engineering applied to the oil and gas chain from Petrobras University, and completed a graduate degree in Financial Management, Controlling, and Auditing from Fundação Getúlio Vargas. He holds a Harvard Business School certificate in Business Analytics, Economics, and Financial Accounting with High Honors and Negotiation Mastery, as well as certifications in PMP, CNPI, and CGA. He is currently enrolled in the Global Banking Program at Columbia Business School.

Paulino Ramos Rodrigues Close
CHIEF FINANCIAL OFFICER AND INVESTOR RELATIONS

Executive Director of Finance, Strategy, Operations, and Investor Relations of Mercantil since August 2021. Mr. Paulino Ramos Rodrigues has more than 18 years in leadership positions (CFO, COO, CIO, Director of Planning and Administration, IRO) in different sectors (banking, manufacturing, technology, beverages, agribusiness). He earned degrees from the University of Chicago Booth School of Business, UFRGS, and FGV. In 2015, he was chosen as Latin America CIO of the Year. Paulino has been an executive in large companies such as Banco Cooperativo Sicredi and Confederação Sicredi, Teikon Tecnologia, Springer Carrier, and Coca-Cola. Between 2018 and 2019, he was the Investor Relations Officer at Banco Agibank S/A, where he also worked in Financial Planning and Analysis, Finance, and Treasury. Between 2020 and 2021, he served as Chief Financial Officer (CFO) of Vibra Agroindustrial S/A, a company in the agribusiness sector in the animal protein segment.

Felipe Lopes Boff Close
CHIEF TECHNOLOGY, PRODUCTS, SERVICES OFFICER

Has been an Executive Director of Mercantil do Brasil since 2020. He is currently the Director of Technology, Products, and Back Office. He has over five years of experience in developing products and projects for financial institutions. His professional experiences in the last five years include active participation in the implementation of the Sicredi Woop digital platform, where he led the budget, product, and core banking areas. He also has experience in retail, leading the financial products, technology, and e-commerce areas. He graduated as the top student in Computer Science from ULBRA, holds a Master’s degree in Applied Computing from Unisinos, an MBA from the University of Pittsburgh, being nominated for the Beta Gamma Sigma honor society, and has a specialization degree in Banking, Fintech, and Analytics from Columbia University.

Bruno Pinto Simão Close
CHIEF CLIENTS, GROWTH AND MARKETING OFFICER

Has extensive experience in strategic management, customer experience, business development, and commercial management. Graduated in Civil Engineering from USP, with an MBA from the Kellogg School of Management at Northwestern University, he worked for 16 years at The Boston Consulting Group (BCG), where he was a partner and manager. In recent years, he directly led the Institutions and Financial Operations front at BCG.

Uelquesneurian Ribeiro de Almeida Close
EXECUTIVE DIRECTOR OF OPERATIONS AND EFFICIENCY

Has been an Executive Director of Banco Mercantil do Brasil since 2017. He currently serves as Executive Director of Processes, Operations, and Efficiency. His main professional experiences in the last five years include leadership of development teams and business development, customer knowledge (Data Mining, Cluster Analysis, Design Thinking, Business Intelligence, Cross-Selling, Up-Selling), customer experience and relationship (CX and CRM), digital channels, and customer success (CS) and success of the operations teams. He is responsible for defining, managing, and implementing business tactics, considering the entire client journey within the organization, as well as managing the infrastructure and security of the service network. He graduated in Economics from UFMG and completed an Executive MBA in Business Management / Finance from IBMEC-MG.

Gregório Moreira Franco Close
EXECUTIVE DIRECTOR OF CONTROLLERSHIP

Graduated in Accounting from Centro Universitário Fieo – UNIFIEO. He specialized as a Controller, completing an MBA – Master Business Administration Controller at the University of São Paulo – FEA – USP. Mr. Gregório has extensive experience in the field of accounting. Between June 2011 and March 2022, he worked in the Accounting Department of Banco PAN, a publicly-held financial institution, where he held the positions of Superintendent of the Accounting Department, General Manager of Accounting, and Executive Manager. Before that, he worked for 19 years (February 1992 to June 2011) in the Accounting Department of Banco Bradesco, another publicly-held financial institution, where he served as Chief Executive Manager of Accounting and Projects.

Carolina Marinho do Vale Duarte Close
EXECUTIVE DIRECTOR OF LEGAL, OMBUDSMAN, CREDIT, AND CORPORATE GOVERNANCE

Has been the Executive Director of Legal Affairs, Ombudsman, Credit, and Corporate Governance at Mercantil since 2020, where she also worked as Investor Relations Officer until August 2021. Her main professional experiences in the last five years include a career in financial institutions, and holding senior management positions for the last six years. She has experience as a member of advisory councils and boards of directors. She graduated in Law from UFMG, holds an MBA in Finance from IBMEC-MG, and has a specialization degree in Economics and Business Law from Fundação Getúlio Vargas. She is also certified in Risk Management in Banking by INSEAD and in International Business Law by the University of California/Irvine.

Mariana Machado de Araújo de Souza Lima Close
DIRECTOR OF RISKS AND COMPLIANCE

Has been a Director at Mercantil do Brasil since 2017, and is currently responsible for the Compliance and Risk Board – CRO and DPO. Her focus in the last five years has been on risk and performance, with experience in strategy management (planning, budget, and performance indicators / BSC), risk and capital management, internal controls, Compliance, and PLD. Before joining Mercantil do Brasil in 2001, she worked as an external auditor at Arthur Andersen, with experience in various sectors, especially telecommunications and steelmaking. She graduated in Business Administration from PUC/MG, completed an MBA in Finance from IBMEC-MG, has several specialization degrees in risk, performance tools, and GRC – Governance, Risk, and Controls, and has experience in finance courses at NYU – New York University.

Anderson Adeílson de Oliveira Close
COMMERCIAL EXECUTIVE DIRECTOR

Has been the commercial director of the Bank since 2022 and has been part of Grupo MB since 2020, serving as a director at Mercantil do Brasil Financeira S.A. Before that, he was the regional superintendent of Banco Olé Consignado S.A., having worked at the institution from 2004 to 2020. Mr. Anderson earned a degree in Accounting with an emphasis in Controllership from the Pontifical Catholic University of Minas Gerais (PUC-MG) and completed an MBA in Strategic Marketing Management from Fundação Getúlio Vargas (FGV).

Rodrigo de Araújo Simões Close
DIRECTOR OF DATA
Lucas Lopes Kubiaki, Close
DIRECTOR OF DIGITAL CHANNELS

Board of Directors

Marco Antônio Andrade de Araújo Chair of the Board of Directors

He has been the Chair of the Board of Directors of Banco Mercantil do Brasil since 2011 and also operates in the companies within Grupo Mercantil do Brasil. He has worked in the Group for over 39 years. As an executive of Grupo Mercantil do Brasil, he has solid experience in planning and monitoring the institution’s operations, including the business, operational, and administrative areas. As the Executive Vice President of Banco Mercantil do Brasil, he played a prominent role in the restructuring and redefinition of policies in areas such as Credit, Products, and Marketing. He coordinated the planning and strategic repositioning process of the institution in the market, including projects and programs for implementing the necessary organizational and cultural changes. He was responsible for the design and implementation of actions aimed at the development and expansion of the organization’s business. He led the process of sharing structures, processes, and commercial actions between Banco Mercantil do Brasil and Cia. de Seguros Minas Brasil, which led to gains in scale and business strengthening for both institutions. As an Executive Director, he was responsible for the overall direction of the Credit, Performance Management, and Human Resources areas.

Maurício de Faria Araujo Vice-Chair of the Board of Directors

He has been the Vice-Chair of the Board of Directors of Banco Mercantil do Brasil since 2011 and also operates in the companies within Grupo Mercantil do Brasil. As a career professional, he has been with the Group for over 50 years. As a businessman in the financial system, he held executive positions within Grupo Mercantil do Brasil. As Vice President of Banco Mercantil do Brasil, he shared decisions that led to the periodic review process of the institution’s strategic positioning in the market. As a member of the Superior Credit Committee, he shared responsibility for the analysis and granting of loans in cases of operations with significant values. As a Regional Director and Executive Director, he accumulated solid managerial experience in the commercial, operational, and administrative areas. He was the creator and one of the sponsors of the strategic repositioning decision of Mercantil do Brasil, a project that involved defining the mission, revising the commercial, marketing, and operational philosophies of the organization, as well as implementing the structural and cultural changes necessary to achieve the established objectives.

Luiz Henrique Andrade de Araújo Sitting Member

He has been a member of the Board of Directors of Banco Mercantil do Brasil since 2014. He has been the President of Banco Mercantil do Brasil since 2014 and also operates in the companies within Grupo Mercantil do Brasil. He has been working in Grupo Mercantil for more than 38 years, especially in the commercial areas. He was responsible for the structuring, implementation, and overall management of the corporate segment platforms. An expert in negotiations, he successfully conducted the recovery of significant loan operations. He played a prominent role in the corporate restructuring process of the conglomerate, acting as the main strategist in the negotiations that resulted in the shareholder’s agreement, allowing the organizational continuity and development of the institution. As Executive Vice President, he coordinated the actions of the Executive Boards, being responsible for the business management and development. He was responsible for the legal and corporate affairs area, which included planning, development, and definition of the strategic approach to defending the interests of the companies in the Mercantil do Brasil Conglomerate in civil, commercial, corporate, and labor areas, aiming to provide legal security to the business of the institution. He graduated in Business Administration from FUMEC in 1980 and Law from the Pontifical Catholic University of Minas Gerais in 1982.

Gustavo Henrique Diniz de Araújo Sitting Member

He has been a member of the Board of Directors of Banco Mercantil do Brasil since 2020 and CEO of Banco Mercantil do Brasil since 2020. His main professional experiences in the last five years include financial planning and schedule management from FEL4 of Petrobras’ Replicantes Project. He was the Treasury and Finance Manager and Executive Director of Finance, Investor Relations, HR, and Marketing at Banco Mercantil do Brasil. He graduated in Electrical Engineering from UFMG, holds a specialization degree in Projects and Engineering applied to the oil and gas chain from Petrobras University, and completed a graduate degree in Financial Management, Controlling, and Auditing from Fundação Getúlio Vargas. He holds a Harvard Business School certificate in Business Analytics, Economics, and Financial Accounting with High Honors; and Negotiation Mastery, as well as certifications in PMP, CNPI, and CGA. He is currently enrolled in the Global Banking Program at Columbia Business School.

André Luiz Figueiredo Brasil Sitting Member

He has been a member of the Board of Directors of Banco Mercantil do Brasil since 2014 and currently operates in the following companies within Grupo Mercantil do Brasil: Mercantil do Brasil Distribuidora S.A., SANSA – Negócios Imobiliários S.A., and Mercantil Administração e Corretagem de Seguros S.A. His main professional experiences in the last five years include advising the Executive Vice Presidency and performing the specific duties of executive positions in the aforementioned companies. As a career professional, he has been with the Group for 48 years, building his career from the basic entry-level position to the role of Executive Vice President (CEO), which he held from August 2008 to January 2015. He holds a Technical degree in Metallurgy from Colégio Batista Mineiro.

José Ribeiro Vianna Neto Secretary of the Board of Directors

He has been the Secretary of the Board of Directors of Banco Mercantil do Brasil since 2020 and also operates in the companies within Grupo Mercantil do Brasil. His main professional experiences in the last five years include being a Member of the Board of Directors of Banco Mercantil de Investimentos S.A.; member of the Board of Directors and Executive Director of Mercantil do Brasil Financeira S.A. – Credit Financing and Investments; member of the Board of Directors (until 2018) and Vice President of Legal Affairs (from 2018 to 2020) of Banco Mercantil do Brasil S.A., Managing and Administrative Director of Mercantil do Brasil Administração e Corretagem S.A.; Director of Bem Aqui Insurance and Brokerage Administrator, Private Pension, and Correspondent Banking; Director & Vice President of SANSA – Serviços e Negócios Imobiliários S.A.; He graduated in Law from the Pontifical Catholic University of Minas Gerais (PUC-MG) and holds a graduate degree in Business Law from Fundação Dom Cabral.

Leonardo Ferreira Antunes Sitting Member

He has been a member of the Board of Directors of Banco Mercantil do Brasil since 2020. He has over 15 years of experience in financial institutions, focusing on the commercial area. He served as Executive Commercial Director of Mercantil until 2020, being responsible for restructuring the corporate segment. He was the CEO of Grupo PH, the largest company in the industrial movement segment in the Latin American steel, metallurgical, and mineral sectors. He graduated in Administration from Faculdade Pitágoras.

Daniel Henrique Alves da Silva Sitting Member

He earned a graduate degree in Administration from FGV – Fundação Getúlio Vargas. He has been the Tactical Supervisor for INSS Expansion at Banco Mercantil do Brasil S.A. since February 2017.

Clarissa Nogueira de Araújo Independent - Sitting Member

She has been an independent member of the Board of Directors of Banco Mercantil do Brasil since 2002 – an alternate member from 2002 to 2011 and a sitting member from 2011 until the end of the term of office in 2022. She is a founding partner and manager of the law firm Martins da Costa & Araújo Sociedade de Advogados, established on 09/11/2009. She is a founding partner and manager of the company Lance Empreendimentos e Participações Ltda., established on 10/19/2000. She graduated in Law from the School of Human Sciences of the University FUMEC, completed in December 2005, and passed the examination of the Minas Gerais Bar Association in April 2006, registration OAB/MG 104,982. Specialization: Material and Procedural Labor Law. She is a lawyer with experience in Labor, Social Security, Commercial, and Legal Audits areas.

Fiscal Council

Sara Araujo Sousa Alternate Member - Elected by the Minority Common Shareholders
Luciano Luiz Barsi Sitting Member - Elected by the Minority Common Shareholders

He has been an alternate member of the Fiscal Council of Banco Mercantil do Brasil since 2020. He is an executive who developed his career at large engineering and construction multinational companies in the implementation projects in the industrial, chemical, petrochemical, mining, metal, pulp and paper, energy, and infrastructure areas. He earned a bachelor’s degree in Accounting from FMU.

Milton de Castro Silva Junior Alternate Member - Elected by the Minority Preferred Shareholders

He has been an alternate member of the Fiscal Council of Banco Mercantil do Brasil since 2020. A professional with over 30 years of experience in the job market, mostly in managerial positions in transportation companies. He has experience in commercial, operational, and administrative/financial areas, and also works as a consultant. He earned a bachelor’s degree in Accounting and Administration from PUC-MG.

Euler Luiz de Oliveira Penido Sitting Member - Elected by the Controlling Shareholder

He has been a sitting member of the Fiscal Council of Banco Mercantil do Brasil since 2020. He was a member of the Board of Directors of Banco Mercantil do Brasil from 2019 to 2020. He worked at Banco Mercantil do Brasil as a service head, internal auditor, exchange manager, regional director, and executive credit superintendent from 1980 to 2005. He graduated in Business Administration from FUMEC-MG.

Ângela Mourão Cançado Juste Sitting Member - Elected by the Controlling Shareholder

She has been a sitting member of the Fiscal Council of Banco Mercantil do Brasil since 2019. She has worked for various companies, especially in the mining, steel, construction, and electrical sectors, holding prominent positions and serving on the Board of Directors. She earned a bachelor’s degree in Accounting and Administration from PUC-MG.

Yehuda Waisberg Sitting Member - Elected by the Minority Preferred Shareholders

He has been a sitting member of the Fiscal Council of Banco Mercantil do Brasil since 2018. He has held the position of a member of the Fiscal Council or the Board of Directors of the Company in previous years. He is an ophthalmologist with a Ph.D. in Medicine from UFMG. He served as an Associate Professor of Statistics and later of Ophthalmology at UFMG.

Paulo Afonso Guimarães Alternate Member - Elected by the Controlling Shareholder

Professional with over 40 years of experience in the Mercantil do Brasil Conglomerate. He joined MB on July 14, 1967, as a Clerk, with extensive experience. He has worked as Chief Accountant in branches, Inspector, Regional Branch Manager, Manager of the retail segment, and as Administrative and Service Manager of the branch network. Starting on October 1, 2012, he took office as Executive Director of Credit Management.

Fernando Antônio Machado Carvalho Alternate Member - Elected by the Controlling Shareholder
Afrânio Eustáquio Ribeiro Alternate Member - Elected by the Controlling Shareholder

He has been a sitting member of the Fiscal Council of Banco Mercantil do Brasil since 2011. Having worked for more than 30 years at Mercantil do Brasil, he served as a service chief, assistant manager, branch sub-manager, branch manager, regional manager, superintendent, and business director. He graduated in Accounting from Escola AEC in Belo Horizonte and in Bank Branch Administration from the Brazilian Institute of Bank Training.

Marcos Paixão de Araújo Sitting Member - Elected by the Controlling Shareholder

He has been a sitting member of the Fiscal Council of Banco Mercantil do Brasil since 2017. Having worked for almost 40 years in Grupo Mercantil do Brasil, he held prominent positions in executive boards and vice presidencies. He graduated in Business Administration from the Federal University of Minas Gerais.