Jose Pio Borges

Jose Pio Borges has been elected to the Board of Advisors of the Company. Pio is a well known and highly respected expert on Brazil and the Brazilian economy. He served as President of the BNDES (Brazilian National Bank for Economic and Social Development) which had been one of the major forces in Brazil’s development over the past several decades. He was Executive Vice President for the Brazilian Center for International Relations (CEBRI). Jose Pio Borges currently serves as a member of numerous corporate and NGO Board of Directors.