Ultrapar Participa es S. A announced that Thilo Mannhardt formally expressed to the Board of Directors that he decided not to renew his contract with the company, and both parties agreed he will remain in office until October 2, 2017. As the Chief Executive Officer of Ultrapar, Thilo Mannhardt led strategic moves that significantly contributed to the strengthening and to the expansion of the xompany. The Board of Directors elected Frederico Pinheiro Fleury Curado as CEO of Ultrapar, who will take office from October 2, 2017. Frederico Curado is 55 years old and has a solid experience including a long track record as the CEO of a first-tier Brazilian corporation. His career is marked by the permanent focus on innovation, in a careful cost management, in the pursue of competitiveness aiming profitability, in people management and succession processes. The process of planned succession of executives has been regularly conducted in Ultrapar's management and in its businesses. The appointment of Frederico Curado for CEO represents the continuity of Ultrapar's management and business philosophy. On July 3, 2017, Frederico Curado will join the company's management team in preparation for his investiture in October 2017. Thilo Mannhardt will remain in the Company until the end of December 2017 to support the new CEO in his transition process.