Mr. Herculano Aníbal Alves is a Chief Technology Officer at Telecom Italia SpA, an Independent Director at Marfrig Global Foods SA, a Member-Fiscal Council at Grendene SA and an Independent Director at TIM SA (Brazil). He is on the Board of Directors at Marfrig Global Foods SA and TIM SA (Brazil). Mr. Aníbal Alves was previously employed as an Independent Director by TIM Participações SA, a Vice President-Private Equity Fund Commission by Associação Brasileira das Entidades dos Mercados Financeiro, a Director-Equities & Variable Income by Bram US LLC, a Director-AMEC by Sermaye Piyasasi Yatirimcilari Dernegi, a Director of Equities by Bram Bradesco Asset Management S/A DTVM, a Senior Manager-Equities by Bradesco Templeton Asset Management Ltda., a Senior Manager-Equities by Bradesco Templeton Asset Management SA, a Director-Equities by ABN AMRO Arrendamento Mercantil SA, a Member by Associacao Dos Analistas E Profissionais De Investimento Do, a Manager-Equity Portfolio & Investment Analysis by Unibanco - União de Bancos Brasileiros SA, a Technical Director by Brazilian Association of Capital Market Investment Analysts An, an Equities Director by Banco ABN AMRO SA, a Vice President by Banco Finasa BMC SA, a Portfolio Manager by Banco Itau SA, and a Professor by Fundação Armando Alvares Penteado. He also served on the board at Infrastrutture Wireless Italiane SpA and Associação dos Investidores no Mercado de Capitais. He received his undergraduate degree from Pontifícia Universidade Católica de São Paulo and a graduate degree from Getulio Vargas Foundation.