The Governance Secretariat autonomously and impartially provides direct support to the governance system across the board by managing the flow of information and integrating deliberative (general assembly and advisory board), executive (president and other directors), supervision (fiscal board, audit committee, audits), and advisory (committees) instances.
The fact that Dexco’s independent advisors are members of other company’s advisory boards may give rise to the issue of overboard. We believe that doesn’t happen with Dexco’s governance, as shown by how often these advisors attend meetings.
The Company carried out its first Materiality study in 2019, when its first Integrated Report was published. The study conducted focused on communication with stakeholders, with the aim of guiding a clear and objective presentation of the value creation strategy in the short, medium, and long terms. The study was conducted using institutional documents – such as guidelines from the Business Divisions and corporate strategies – and sectoral ones, identifying central themes to be considered for prioritization. Also, in-depth interviews were conducted with strategic audiences, seeking perceptions of how we manage issues related to socio-environmental aspects and Corporate Governance. Priority topics were also presented to the Executive Board and Board of Directors, so that they could be validated, considering the maturity of our management instruments, the sectoral context in which we operate and other elements of the company’s strategic planning.
The result of this first analysis defined the following material topics: Adequate business environment; People who transform; Responsible processes and Sustainable solutions. Within each of the pillars, themes were determined according to priority levels, such as high, medium, and high.
- High Priority: Ethics and Compliance, Health and Safety; Supply chain; Professional training and Environmental performance
- Medium Priority: Innovation and digitization; Cash generation and funding; Forest Management and Environmental Solutions.
- Low Priority: Diversification of the business portfolio; Diversity; Local Development; Environmental education; Climate change and eco-efficient solutions.
In 2022, understanding it to be a good practice, Dexco revisited its materiality matrix, so that the material was more aligned with the current reality of the Company, which has undergone important changes in recent years. The Company underwent a name change (from Duratex to Dexco), approved its 2025 Sustainability Strategy, launched its second season of culture, and established its Social Responsibility Guidelines. Faced with so many structuring actions, revisiting Materiality was seen as essential for directing the Company’s actions for the coming years.
In this process, in addition to new documental and sectoral analyses, interviews, conversation circles and online consultations were carried out with stakeholders, totaling more than 700 interactions to be considered. As a result of all this effort, 7 material and priority themes were selected that cover a series of relevant sub-themes. This new matrix was approved by the Executive Board in January 2023 and based on it, the Company’s action plans for the coming years will be guided.
Below is a list of Material themes and themes considered Priorities for Dexco:
Guilherme Tadeu Pereira Júnior
President
Felicio Cintra do Prado Júnior
Alternate Member
José Carlos de Brito e Cunha
Member
Gustavo Amaral de Lucena
Alternate Member
Raul Penteado de Oliveira Neto
Member
Victor Zavagli Junior
Alternate Member
Alfredo Egydio Setubal
President
Alfredo Egydio Arruda Villela Filho
Vice President
Helio Seibel
Vice President
Andrea Laserna Seibel
Member
Ricardo Egydio Setubal
Member
Rodolfo Villela Marino
Member
Juliana Rozenbaum Munemori
Independent Member
Marcio Fróes Torres
Independent Member
Marcos Campos Bicudo
Independent Member
Alex Laserna Seibel
Alternate Member
Alexandre de Barros
Alternate Member
Paula Lucas Setubal
Alternate Member
Antonio Joaquim de Oliveira
President Director
Carlos Henrique Haddad
Director Vice President Wood
Raul Guimarães Guaragna
Director Vice President Deca and Tiles
Francisco Augusto Semeraro Neto
Director of Finance, Investor Relations & ESG
Glizia Maria do Prado
Director of People
Daniel Lopes Franco
Director of IT and Growth
Marina Crocomo
Director of Marketing and Design
Juliana Rozenbaum Munemori
President and Coordinator
José Maria Rabelo
Member
Adjarbas Guerra Neto
Expert Member
Marcio Fróes Torres
President
Alfredo Egydio Arruda Villela Filho
Member
Alfredo Egydio Setubal
Member
Paula Lucas Setubal
Member
Rodolfo Villela Marino
Member
Alexandre de Barros
Alternate member
Andrea Laserna Seibel
Member
Marcos Campos Bicudo
President
Marcelo de Camargo Furtado
Expert Member
Ricardo Egydio Setubal
Member
Rodolfo Villela Marino
Member
Marcio Fróes Torres
Member
Alex Laserna Seibel
37
Man
White
He graduated in business administration from Universidade Presbiteriana Mackenzie in 2008.
At Dexco, he has been a Member of the Board of Directors since April 2021, currently occupying the position of Alternate Member. In addition, he was a member of the Sustainability Committee from 2021 to April 2023.
He has also held the position of managing partner since 2013 at HS Investimentos S.A and managing partner at Moreira e Toledo Cia Ltda. (Leo Madeiras – Feira de Santana) since 2015. In the third sector, he has served as an advisor since 2015 at Instituto Leo and at ARCAH – Associação de Resgate à Humanidade as founder and administrator since 2013.
Alexandre de Barros
66
Man
White
He graduated in Aeronautical Infrastructure Engineering from the Instituto de Tecnologia da Aeronáutica (ITA) in 1980, with a specialization in Risk Management from INSEAD in 2003, an MBA in Information Technology from New York University in 1986 and a Course for Board Members from IBGC in 2015.
At Dexco, he has been an Alternate Member of the Board of Directors since 2020, Member of the People, Governance and Nomination Committee since 2021 and Chairman of the IT and Digital Innovation Committee since 2022.
From 2015 to January 2023, he was also a member of the Board of Directors of DASA (Diagnostics da América S.A.), where he held the position of Member. He currently holds the position of Member of the Audit Committee of Itaú Unibanco S.A, position held since 2021.
Alfredo Egydio Arruda Villela Filho
53
Man
White
He graduated in Engineering from Instituto Mauá de Tecnologia in 1992, and later completed a post-graduate course in Business Administration from Faculdade Getúlio Vargas.
At Dexco, he served as Member of the Board of Directors since 1996, becoming Vice-President in 2008, in addition, since 2017 he occupies the position of Member in the IT and Digital Innovation Committee, where he served as President for the period between 2017 and 2022, and since 2009 serves as a Member of the People, Governance and Nominations Committee.
He was also a member of Itaúsa S.A. as Executive Vice President from 2018 to 2022 and Executive Vice President from 2022, position he currently holds. In addition, he also works at Instituto Alana, Yandeh S.A. and Alpe Intermediações de Negócios S.A., where he has held the position of Officer since, respectively, 1998, 2016 and 2017.
Alfredo Egydio Setubal
64
Man
White
Graduated and postgraduated by Faculdade Getúlio Vargas in the Business Administration course in the 80s, he later specialized at INSEAD, in France.
At Dexco, he has been a member of the People, Governance and Nominations Committee since 2015 and the Board of Directors where he has been a member since 2015, he served as Co-Chairman from 2017 to 2021 and has assumed the Chair since then.
In addition, he serves as a member of the Board of Directors at Itaú Unibanco S.A., Alpagartas S.A. and Copa Energia since, respectively, 2007, 2017 and 2020; also operates at Itaúsa S.A. since 2008 as Member of the Board of Directors and, since 2015, as Chief Executive Officer and Investor Relations Officer.
In the third sector, he has been a member of the Bienal de São Paulo since 2009, as a member of the Board of Directors; Fundação Itaú para Educação e Cultura as President Curator since 2018, the Brazilian Institute of Investor Relations – IBRI, as Member of the Superior Committee for Guidance, Nomination and Ethics since 2010 and MASP, since 2015, as President of the Deliberative Council.
Andrea Laserna Seibel
47
Woman
White
She graduated in law from the Pontifical Catholic University of São Paulo in 1999, with an MBA from Fundação Dom Cabral in 2006 and specialization OPM from Harvard Business School in 2011.
At Dexco, she has served on the Board of Directors since 2009, where she has held the position of Full Member since 2021; she has also been a member of the IT and Digital Innovation Committee since 2018, and of the People, Governance and Nomination Committee during the period from 2015 to 2018 and subsequently 2023.
In addition, she has been General Manager since 2012 at Leo Madeiras, Máquinas & Ferragens Ltda. and, in the third sector, she has held the position of President since 2017 of the Leo Social Institute.
Antonio Joaquim de Oliveira
62
Man
White
He graduated in Forestry Engineering from the Federal University of Viçosa in 1984, with a master’s degree in Economics and Forestry Planning from the same institution in 1986. Later, in 1994, he completed a specialization in Strategic Business Management at Fundação Getúlio Vargas.
He joined the Company in August 1986, being responsible for the Forestry Area. He became Managing Director from 2004 to 2009 and then Executive Director from 2009 to 2013; He was a member of the Disclosure and Trading Committee from 2013 to 2022. From 2014 to 2016 he was Vice-President of the Madeira Business Unit, and in the same year he served as Investor Relations Officer until 2017, when he became Chief Executive Officer and Member of the IT and Digital Innovation Committee.
Carlos Henrique Haddad
57
Man
White
He graduated in Business Administration from Fundação Armando Álvares Penteado (FAAP) in 1987.
At Dexco, he served as Director of Administration, Finance and Investor Relations from 2017 to early 2023, when he assumed the position of Vice-President of the Wood Division. In addition, from 2016 to 2022, he held the position of Member of the Disclosure and Trading Committee and, since 2021, has served as Member of the DX Ventures Investment Committee
In addition, from 1986 to 1994 he worked at Caterpillar Brasil Ltda. positions in the Control and Treasury areas as Finance Manager, and from 1994 to 2016 he worked at Whirlpool S.A. as Director in the treasury area and Regional Director, responsible for the areas of IT, Strategic Planning, Investor Relations and Internal Audit of operations in Latin America.
Daniel Lopes Franco
44
Man
White
Graduated in Production Engineering from Instituto Mauá de Tecnologia, he later completed a postgraduate degree in Industrial Administration from USP, MBA in International Business Administration from École de Management à L’Université Jean Moulin, Executive Extension in Strategic Marketing from INSEAD and Executive Training to Chief Technology Officers from the Haas School of Business.
At Dexco, he has held the position of IT and Growth Director since 2019. Since 2021, he has been a Member of the Investment Committee. In addition, from 2019 to 2022 he served as a Member of the IT and Digital Innovation Committee.
He also worked for 12 years at Solvay, starting in 2001 as an intern and later reaching the position of Strategic Marketing Director, where he remained from 2010 to 2013.
Francisco Augusto Semeraro Neto
40
Man
White
He graduated in Business Administration in 2003 and completed a specialization in Business Economics at Faculdade Getúlio Vargas in 2007, later completing an MBA at Fundação Dom Cabral in 2018.
At Dexco, he served as Controller between 2018 and 2019, and later as Controllership and CSC Officer from 2020 until early 2023, when he assumed the position of Vice President of Administration, Finance and Investor Relations, position he has held since then.
In addition, from 2016 to 2018, he joined Husqvarna Ltda in the position of CFO for Latin America, responsible for the Controlling, Tax, Accounting and IT areas, and in the years 2019 and 2020 at Embarer S.A. as Controlling Director.
Glizia Maria do Prado
45
Woman
White
Graduated in Psychology from PUC-MG in 2001, she completed an MBA in Business Management from Fundação Dom Cabral/MG in 2010 and a Professional Master’s in Administration from PUC-MG in 2014.
At Dexco, she served as Human and Organizational Development Manager from December 2015 to 2018 before taking over the HR Board in 2019, renamed in 2021 to Gente e ESG, which she has served since then.
In addition, she worked from 2008 to 2015 as Manager of the HR area at Fiat Chrysler Automóveis.
Helio Seibel
70
Man
White
He graduated in 1975 from Fundação Getúlio Vargas in Business Administration.
At Dexco, he has been a member of the Board of Directors since 1999, subsequently becoming Vice-Chairman in 2021; he also serves, since 2021, as Chairman of the Finance Committee.
In addition, since 1983 he has held the position of Managing Director at Ligna Florestal Ltda. and Chief Executive Officer at HS Investimentos since 2013. He also served as Member of the Board of Directors at Klabin from 2015 to 2019.
In the third sector, he has been a member of the Board of Directors at MASP and Pinacoteca de São Paulo since 2016 and 2017, and has also been a member, since 1995, of the Young Presidents Organization – YPO/WPO.
Juliana Rozenbaum Munemori
46
Woman
White
Graduated in Economics from the Pontifical Catholic University of Rio de Janeiro, holds the CFA® designation.
At Dexco, she has been a member of the Board of Directors since 2016, the Audit and Risk Management Committee, where she became President in 2023, and the Committee for Evaluating Transactions with Related Parties, having been President of the latter since 2019, also Member of the Finance Committee since 2021; was a Member of the IT and Digital Innovation Committee from 2020 to 2021 and of the Board of Directors of Viva Decora Internet S.A. from 2018 to 2020.
In addition, she worked at Arezzo & Co S.A. as Member of the Board of Directors from 2013 to 2021, also acting as Member of the Board of Directors at Cogna Educação S.A. since 2019. She served as a Member of the Strategy and Innovation Committee from 2018 to 2022 at Suzano and as a Sell Side Analyst at Unibanco from 2007 to 2009.
Marcio Fróes Torres
54
Man
Brown
He graduated in 1993 in Chemical Engineering from the Federal University of Rio de Janeiro, and in 1998 he became a master in Brewing Technology from the Universidad Politécnica de Madrid.
Since 2020, at Dexco, he has been a member of the Board of Directors as a Full Member, the People, Governance and Nomination Committee as Chairman and the Committee for Evaluating Transactions with Related Parties as a Member. In addition, since 2021, he has been a member of the Sustainability Committee and the Investment Committee – DX Ventures.
He was also a member of the Board of Directors at Gerdau S.A. as a Member from 2019 to 2021, at FRST Falconi as a Member since 2019 and at Falconi Participações S.A. as President since 2019.
Marina Crocomo
44
Woman
White
She graduated in Business Administration from FGV/EAESP in 2000 and Bachelor of Business Administration from HEC Paris in 1999. Later she took an extension course in Marketing, Administration and Business from FGV/ EAESP in 2004, and Executive MBA Program from FGV/ EAESP in 2008.
At Dexco, she took over the Marketing and Design Board in 2021, occupying, from 2023, the position of Marketing and Design Director.
She worked at Whirlpool Corporation, where she started as a Trainee in 2001, moving on to the position of Manager and Senior Manager from 2002 to 2010, finally reaching the position of Marketing Director from 2010 to 2013. Marketing & Trade at Affinity Petcare from 2014 to 2020.
Paula Lucas Setubal
40
Woman
White
Graduated in Pedagogy in 2003 and post-graduated in Psychopedagogy in 2006 from the Pontifical Catholic University of São Paulo, she held the position of children’s teacher from 2011 to 2016.
At Dexco, he held the position of Listener on the Board of Directors and on the People, Governance and Nomination Committee from February 2020 to May of the same year. He also served as Member of the Audit and Risk Management Committee from 2020 to 2022. In 2020, he became an Alternate Member of the Board of Directors and Member of the People, Governance and Nomination Committee, and in 2021 Member of the Finance Committee , positions he still holds today.
Raul Calfat
70
Man
White
Raul Guimarães Guaragna
51
Man
White
Graduated in Business Administration from FGV/ EAESP in 1994, he became a specialist in Supply Chain from Fundação Vanzolini/ USP in 2001 and International Executive MBA Program from FIA/USP in 2008.
At Dexco, he served as Director in the Wood Division from 2021 to the beginning of 2023, then moving to the position of Director of the Deca and Coatings Division.
In addition, it integrates the companies Amata na Cidade S.A. and Noah Empreendimentos Imobiliários e Participações S.A. since 2021 as Member of the Board of Directors; he is also, since 2022, Member of the Board of Directors at LD Celulose S.A. and Caetex Florestal S.A. He also worked at International Paper from 2010 to 2012 as International Business Unit Director, and from 2013 to 2016 as Director of Operations.
Ricardo Egydio Setubal
60
Man
White
He graduated in Business Administration from Fundação Getúlio Vargas in 1984 and Law in 1988 from USP. Also in 1995, he attended the Program Management Development at Harvard University.
At Dexco, he serves on the Board of Directors as a Member since 2009, having been Vice-Chairman until 2017, and on the Sustainability Committee, also as a Member, since 2018; he was a member of the People, Governance and Nomination Committee, the Audit and Risk Management Committee and the Disclosure and Trading Committee in the respective years from 2009 to 2020, 2009 to 2022, and from 2020 to 2022.
He also works at Itaúsa S.A. since 2022 as Executive Vice-President of the Board of Directors and Member of the Governance and People and Audit Committees. In addition, he has been a member of the Capital Markets Committee since 2009, Finance, Investments, and People and Ethics since 2017. In addition, he was a Member of the Board of Directors of IBGC – Instituto Brasileiro de Governança Corporativa from 2014 to 2018, acting then as Vice President from 2016 to 2018 and President from 2018 to 2019.
Rodolfo Villela Marino
47
Man
White
He graduated in Business Administration from Fundação Getúlio Vargas and later received a Master’s in Development Studies and in Economics and Philosophy from LSE – London School of Economics and Political Science.
At Dexco, he has been a Member of the Board of Directors since 2009, he has also served as a Member of the People, Governance and Nomination Committee since 2009, he was a Member of the Audit and Risk Management Committee from 2009 to 2022; He has been a Member of the Finance Committee since 2021 and Chairman of the Sustainability Committee since 2019.
It also operates in the companies Alpagartas S.A., Copa Energia S.A. and Aegea Saneamento e Participações S.A on the Board of Directors since the respective years 2017, 2020 and 2021; held the positions of Member and Vice-Chairman on the Board of Directors of Itaúsa S.A. from the years 2011 and from 2015 to 2022, respectively.
In the third sector, he has been engaged with the organization Tempo Livre PTE Ltda (“Cariuma”) and Instituto Yandeh since 2017, in the positions of Member of the Board of Directors and Member of the Fiscal Council, respectively.
Victor Zavagli Junior
62
Man
White
He graduated in Business Administration from Universidade São Judas Tadeu in 1983, completing a Specialization in Tax Law from Fundação Getúlio Vargas in 2003.
At Dexco, he worked from 2018 to 2020 as Corporate Tax Manager and currently holds the position of Alternate Member of the Fiscal Council since 2022. In addition, he works in the tax consulting sector through ZCT – Zavagli Consultoria Tributária, where he plays the role of Managing Partner since 2021, he also served from 2006 to 2022 as a Sitting Member of the Fiscal Council of Fundação Itaúsa Industrial.
Marcos Campos Bicudo
60
Man
White
Bachelor in Business Administration from PUC-SP, certified as Board Member by the Brazilian Institute of Corporate Governance (IBGC). Serves as Chief Executive Officer of Vedacit do Nordeste S.A. (Otto Baumgart Group) since 2017, product of inputs aimed at civil construction. He has also been president of the Brazilian Business Council for Sustainable Development (CEBDS) since 2008. He also serves as a member of the Board of Directors of Brain4Care, starting in 2017 and becoming president in 2023, and as a member of the advisory board of Bombril S.A. and Limppano S.A.