Multiplan Empreendimentos Imobiliarios S A : José Isaac Peres announces succession at Multiplan

Multiplan's Board of Directors approved the reorganization plan of the Company's Management, at the initiative and the leadership of the founder and president, José Isaac Peres. Earlier this month, in addition to the succession announcement, the company commemorated record financial and operating results achieved in the fourth quarter of 2022.

After serving for almost 50 years as Chief Executive Officer of the Company, José Isaac Peres will be succeeded in the role by his son and current Vice President of Operations, Eduardo Kaminitz Peres.

The Company will convene a general shareholders meeting to propose the election of José Isaac Peres as Chairman of the Board of Directors to continue to support Multiplan's growth and development. The current Chairman of the Board of Directors, José Paulo Ferraz do Amaral, will remain a member of the Board.

Under the leadership and motto of "the secret of success is to do things well," Multiplan has attained a reputation as one of the most reliable and dynamic firms in Brazil, synergistically combining the shopping mall and real estate development sectors.

"The succession process has already been taking place in a planned manner and will continue the Company's growth and expansion plan, always appreciating the values and governance processes. In addition, everything will be done gradually and I will remain active in the company," says José Isaac Peres.

Eduardo Kaminitz Peres joined Multiplan in 1988, occupying a number of positions since his entry. In 2000, he took over the Company's Operations area. In 2006, he became a member of the Board of Directors and, the following year, he became Vice President of Operations, where, supported by his more than 30 years of professional experience, he has been leading the imprinting of excellence on the shopping center portfolio.

"Multiplan is a solid company, with almost 50 years of existence, of which I have been participating directly for the last 34 years. The continuity of what has been built is fundamental in this new stage. The year 2022 was exceptional for us. We presented record operating and financial data. We intend to follow the same strategy, maintaining the quality and solidity of the Company," says Eduardo Kaminitz Peres.

The approved reorganization reflects the current business stage and the Company's success in its area of operation, and aims to enable an organized transition, without changing the business strategy, with the support of a trained executive team and a well-structured corporate governance process.