The Board of Directors is OGX’s decision-making body, and is responsible for the overall direction of its business activities and for the control and monitoring of its performance. It is responsible for appointing and supervising its executive officers and the hiring of independent auditors.
According to the by-laws of OGX, the Board of Directors must have at least five and a maximum of thirteen members, and decisions are taken by majority vote. Directors are elected at the Annual General Shareholder Meeting, for a unified mandate of two years and may be reelected or removed at any time by an Extraordinary General Shareholders Meeting. In accordance with the rules of the Novo Mercado, 20% of the members of the Board of Directors must be independent directors.
Members of the Board of Directors:
Eike Fuhrken Batista
Chairman of the Board
Chairman of the Board of Directors, is also the CEO and founder of EBX. Mr. Batista studied Metallurgic Engineering at the University of Aachen, in Germany. He has run the EBX Group for more than 20 years, gaining worldwide recognition in the mining industry. Eike Batista also served as the Chairman, President and Chief Executive Officer of TVX Gold Inc., a publicly-held company traded on the Toronto and New York stock exchanges. He currently serves as the Chairman of the Board of Directors of MMX, LLX, OSX and MPX.
Eliezer Batista da Silva
Vice-President of the Board
Graduated in Civil Engineering from the University of Paraná in 1948, and made a career in Companhia Vale do Rio Doce, assuming its Presidency in 1961. He was Minister of Mines and Energy in the Government of João Goulart in 1962 and in the following years held management positions in mining companies abroad. He returned to the Presidency of Vale do Rio Doce in 1979, a position in which he remained until 1986. During this period, he developed the Carajás Iron Ore Project. He is currently Chairman of the Board of Cimpor and advisor to the Presidency of Vale.
Rodolfo Riechert
Board Member
A Board Member elected by the Controller, he is currently CEO and majority shareholder of Plural Capital. He started his career at Banco Pactual in 1991 as a Corporate Finance Officer with a focus on capital markets, became a partner in 1998 and was responsible for Domestic Institutional Investors from 1995 to 1999; he was Head of the Department of Investment Banking of UBS Pactual until 2009. He graduated in Economics from the Cândido Mendes University.
Claudio Thomaz Lobo Sonder
Independent Board Member
Independent Board Member since 2008, he served as president of companies in the chemical-pharmaceutical industry for 40 years and is currently President of the Board of Directors of Lojas Renner, Suzano Pulp and Paper and the RBS Group. He holds Bachelor's degrees in Chemical Engineering and in Economics from Mackenzie Presbyterian University, and completed further studies in Munich, Germany, and in Boston, in the United States.
Pedro Sampaio Malan
Independent Board Member
Independent Board Member since 2008, he was Brazil’s Finance Minister from 1995 to 2002, and President of the Central Bank from 1993 to 1994. At the World Bank, he was Executive Director from 1986 to 1990 and from 1992 to 1993. Between 2004 and 2008 he was President of the Board of Directors of Unibanco, and is part of the International Advisory Council of Itaú-Unibanco. Pedro Malan graduated in 1965 from the PUC-RJ Escola Politécnica, and has a PhD in Economics from the University of California, Berkeley.
Rodolpho Tourinho Neto
Independent Board Member
Independent Member, he is a graduate in Economics from the Universidade Federal da Bahia (UFBA), and has a postgraduate degree in Economics and Business Administration from Bradley University (Illinois/USA). He served as Secretary of Finance of the State of Bahia, Minister of Mines and Energy and also as a Senator for the state of Bahia. He was President of the Boards of Petrobras, Petrobras Distribuidora and Eletrobrás. He is also an independent member of MPX's Board.
Eduardo Karrer
Board Member
Board member elected by the controller, he has been Chief Executive Officer and Investor Relations Officer of MPX Energia since 2007. He graduated in Civil Engineering from UERJ, with an MBA in Financial Administration from PUC/RJ. Between 1984 and 1985, he was project manager for Rabello Construction Company, and later worked for Petrobras, holding positions in several divisions of Petrobrás Distribuidora. He was Vice-President of Operations for Latin America of El Paso Energy between 2001 and 2002, and President of El Paso Brazil from 2002 to 2007.
Luiz Eduardo Guimarães Carneiro
Board Member
Board member elected by the controller, he has been Chief Executive Officer of OSX Brazil since April 2010. He holds a degree in Mechanical Engineering from Fluminense Federal University (1978), with a specialization in Petroleum Engineering from Petrobras (1980), and an MBA from Columbia University, New York. He worked for 30 years at Petrobras, having occupied positions in engineering, production and exploration, in addition to working for 16 years in BR Distribuidora.
Paulo Monteiro Barbosa Filho
Board Member
Board member elected by the controller, he is Director of Sustainability and Chairman of the Environmental and Social Committee of EBX. He graduated in Electrical Engineering from PUC-Petrópolis, with an MBA in Management and Planning. With more than 30 years of experience in the electricity sector, he has been responsible for strategic energy planning with the EBX Group since 2001, and was Director of New Business at MPX between 2007 and 2010.
Luiz do Amaral de França Pereira
Independent Board Member
Independent Board member, he is a graduate in Civil Engineering from Paraná Federal University and attended the Stanford Executive Program, Stanford University, California, USA. He worked for the Caemi and Monteiro Aranha groups, and spent 13 years with the Vale do Rio Doce group, reaching the post of VP for Investor Relations and Board member of subsidiaries. He is a member of the Boards of Directors of OSX, LLX, MMX and MPX.
Samir Zraick
Independent Board Member
Independent Board member, he graduated in Engineering from PUC-RJ in 1964. He earned a master's degree in Electronic Engineering from Delft University, Holland in 1966, and a doctorate from the Faculté des Sciences de l’Université de Paris in 1970. He worked for Vale do Rio Doce as General Systems Manager from 1971 to 1975 and was Vice‐President of Rio Doce América between 1975 and 1979. He was a member of the Board and was Chairman of the Marketing Committee of Quebec Cartier Mining Co., from 1990 to 1999.
Ellen Gracie Northfleet
Independent Board Member
Independent Board member, she has an LL.B from the Faculty of Law of the Federal University of Rio Grande do Sul and a graduate degree in Social Anthropology from the same university. She was a Federal Prosecutor , a Judge in the Regional Federal Court of the 4th Region, and Justice of the Supreme Federal Court. She was Head of the Regional Federal Court of the 4th Region (1996-1998), of the Supreme Federal Court and of the National Council of Justice (2006-2008). Ms. Northfleet is also a member of the Board of Directors of The World Justice Project, a non-profit organization.