Alpargatas S.A. announced that after a succession plan, the members of the Board of Directors received the resignation request from Mr. Márcio Luiz Simões Utsch, then CEO of the Company, which became effective as from January 1, 2019. Subsequently, the Board of Directors elected Mr. Roberto Funari as Alpargatas' new CEO, with his term of office beginning on January 1, 2019 up to the next Board of Directors' meeting to be held after the Annual General Shareholders' Meeting of 2019, in conformity with the Company's bylaws. Mr. Funari has a distinguished career in business management and global brands, corporate strategy and innovation, and has held leading positions in global companies.