Board of Directors and Management

Board of Directors

António Luís Guerra Nunes Mexia

Chairman of the Board of Directors since April 10, 2015

57 years old. He received a degree in Economics from Université de Genève (Switzerland) in 1980, where he was also Assistant Lecturer in the Department of Economics.

He was a postgraduate lecturer in European Studies at Universidade Católica. He was also a member of the governing boards of Universidade Nova de Lisboa and of Universidade Católica, where he was Director from 1982 to 1995.

He served as Assistant to the Secretary of State for Foreign Trade from 1986 until 1988. From 1988 to 1990 he served as Vice-Chairman of the Board of Directors of ICEP (Portuguese Institute for Foreign Trade). 

From 1990 to 1998 he was Director of Banco Espírito Santo de Investimentos and in 1998 he was appointed Chairman of the Board of Directors of Gás de Portugal and Transgás.

In 2000 he joined Galp Energia as Vice-Chairman of the Board of Directors. From 2001 to 2004, he was the Executive Chairman of Galp Energia and Chairman of the Board of Directors of Petrogal, Gás de Portugal, Transgás and Transgás-Atlântico. 

In 2004, he was appointed Minister of Public Works, Transport and Communication for Portugal’s 16th Constitutional Government.

He also served as Chairman of the Portuguese Energy Association (APE) from 1999 to 2002, member of the Trilateral Commission from 1992 to 1998, Vice-Chairman of the Portuguese Industrial Association (AIP) and Chairman of the General Supervisory Board of Ambelis. He was also a government representative to the EU working group for trans-European network development.

In 2006 was appointed Chief Executive Officer of EDP – Energias de Portugal.

Miguel Nuno Simões Nunes Ferreira Setas

Chief Executive Officer of EDP Energias do Brasil since January 1st, 2014. Miguel was already part of the Company´s management since January 2008. Since February 04, 2014, Setas is also Vice President of the Board of Directors.

Initiated his career as a consultant for McKinsey & Co., being actively involved in the energy sector since 1998. Setas joined the EDP group in 2006 holding positions as manager for EDP Comercial, EDP Inovação, Portgás, and Fundação EDP. At the Galp Energia Group, he was director of Strategic Marketing and Manager of Lisboagás. He was also manager of CP - Comboios de Portugal and president of CP Lisboa.

Graduated in Physical Engineering and obtained his Master's Degree in Electrical and Computer Engineering from Instituto Superior Técnico in Lisbon. He also obtained an MBA from Universidade Nova de Lisboa.

Nuno Maria Pestana Alves

Board member since April 26, 2006. Member of the Audit and Compensation Committees.

Alves pursued a career in the Banco Comercial Português where he held a number of positions until 1999, when he was appointed president of the Board of Directors of CISF Dealer (the investment arm of Banco Comercial Português), and in 2000 assumed the position of Manager - Treasury and Market in what is currently known as Millenniumbcp Investimento (formerly Banco CISF).

Despite graduating in Engineering and Shipbuilding from the University of Michigan in 1980, Nuno Alves opted for a career in the administrative-financial area. He obtained an MBA in 1985 from the same university in which he graduated in engineering. Three years later he began his professional career as a technician in the studies and planning department of Banco Comercial Português.

Pedro Sampaio Malan

Independent board member since April 26, 2006. Chairman of the Sustainability and Corporate Governance Committee. Member of the Audit and compensation Committees.

Member of the Board of Directors of the companies Globex-Ponto Frio, EDP in Brazil, and OGX Petróleo e Gás Participações S.A. Member of the Advisory Board of Alcoa. Member of the Board of Trustees of the International Accounting Standards Committee Foundation. Former Chairman of the Board of Directors of Unibanco. A professor in the Department of Economics of Pontifícia Universidade Católica do Rio de Janeiro. Minister of Finance in the Federal Government  from 1995 to 2002. Governor of the Banco Central do Brasil between 1993 and 1994. Special Consultant and Chief Negotiator for External Debt Affairs - Ministry of Finance from 1991 to 1993. Executive Officer at the World Bank from 1986 to 1990 and from 1992 to 1993.

Graduated in Engineering in 1965 from Pontifícia Universidade Católica of Rio de Janeiro, with a PhD in Economics from the University of Berkeley, California.

Modesto Souza Barros Carvalhosa

An independent board member since September 14, 2005. Chairman of the Sustainability and Corporate Governance Committee and a member of the Audit Committee.

Carvalhosa is also a member of the Board of Trustees of Universidade Federal de São Carlos and of Fundação Padre Anchieta, the Board of Directors of Companhia Melhoramentos de São Paulo, and the São Paulo Stock Exchange's Arbitration Panel. He lectured as a professor in Commercial Law at São Paulo University (USP), acted as legal advisor to the São Paulo Stock Exchange, president of the Court of Ethics of the Brazilian Bar Association (OAB), São Paulo Chapter, and was chairman of its Constitutional Commission.

He graduated in Law from São Paulo University and has a PhD in Commercial Law and Economics from USP.

Francisco Carlos Coutinho Pitella

An independent board member since April 10, 2007. Chairman of the Audit Committee.

Pitella is chairman of the Board of Directors and director-general of Juruena Participações e Investimentos S.A., and president of the Investment Committee of Energia PCH Fundo de Investimento em Participações. He has a seat on the board of Companhia de Tecidos Norte de Minas - COTEMINAS and is representative in Brazil for Marc Rich Investment AG, Stratton Metals LTD. and Trafigura AG trading companies for minerals and metals imports and exports.

Previously Investor Relations Officer at GTD Participações S.A. and member of the Board of Directors and Fiscal Council of EDP Escelsa and Enersul. He held the post of director-general for South America at AIOC Corporation and Marc Rich Investment AG trading companies. A former director of Vale do Rio Doce Alumínio S.A. - ALUVALE and member of the Board of Directors of the companies Valesul Alumínio S.A. and Mineração Rio do Norte S.A., and of the Advisory Boards of Albras - Alumínio Brasileiro S.A. and  Alunorte - Alumina do Norte do Brasil S.A.
He graduated in Civil Engineering from the Escola Nacional de Engenharia of the Federal University of Rio de Janeiro (UFRJ).

João Manuel Veríssimo Marques Da Cruz

Board Member since April 10, 2015

Born on May 23rd, 1961, he holds a degree in Management (1984) from Lisbon’s ISE at the Technical University of Lisbon - Instituto Superior de Economia da Universidade Técnica de Lisboa, an MBA (1989) from the Technical University of Lisbon - Universidade Técnica de Lisboa and a Post Graduation in Marketing and Management of Airlines (1992) from the Bath University /International Air Travel Association, UK.

He began his career at the TAP Group in 1984 (Transportes Aéreos de Portugal) having had several positions until becoming General Director.

Between 1997 and 1999 he was a Board Member of TAPGER.

Between 2000 and 2002, he was a member of the Board of several companies within CP – Portuguese Railways, namely EMEF.

From 2002 and 2005, became CEO of AirLuxor, an airline company, and from 2005 and 2007 he was chairman and CEO of ICEP - Instituto do Comércio Externo de Portugal, a Portuguese state owned agency for international trade and promotion.

Since March 2007, he is a board member of EDP Internacional S.A. and in 2009 he was nominated Chairman of the Board of Directors of CEM – Macao Electrical Company.

José Luiz Alquéres

Independent Board Director since April 10, 2015

Mr. Alquéres is an Independent Member of the Board of Directors at QGEP - Queiroz Galvão Exploração e Produção and Member of the Strategic Council at Alcoa, Alstom Power, Rio Bravo Investimentos, SN Power and COMERC Energia. He is Counselor at the Brazilian Foundation for Sustainable Development, Honorary Vice President at World Energy Council and President of JL Alquéres Engenharia  Consultiva.

Mr. Alquéres was National Secretary of Energy in 1992, CFO at CERJ, Eletrobras, Alstom Brazil, MDU Brasil and Light S.A. He was Director at BNDESPAR and Banco Bozano Simonsen.

He was honored by France (Officier du Mérite in the Ordre National), by the USA (Honorary Citizen of North Dakota), by the Municipality of Rio de Janeiro (Pedro Ernesto Medal) and by the Legislature of the State of Rio de Janeiro (Tiradentes Medal). He is an honorary citizen of the cities of Pirai, Barra do Pirai, Itaguaí, Paracambi, Valencia, Rio Claro and São João do Meriti in the State of Rio de Janeiro, Santa Branca in São Paulo and Tiradentes in Minas Gerais.

He holds a degree in Civil Engineering from PUC-Rio and Social Sciences from UFRJ. He is graduated by institutions in Brazil, USA and France. Mr. Alquéres was professor at PUC-Rio, FAU-UFRJ, IBMEC and FGV.

Author and editor of books on energy, urbanism and culture and articles for magazines and newspapers on energy, urban planning, administration and business.

Management Board

Carlos Emanuel Baptista Andrade

Vice-president of Commercialization since March 2013.

Andrade is economist graduated by the UFPE (Federal University of Pernambuco) and also concluded extension programs along the years, including, recently, the Program of Advanced Management of IESE, in Spain. He is fluent in English, French and Spanish.

He is in EDP Group for 7 years as Managing of Finances and Development of the Business, participating of important moments, as the opening of the capital of action of the company in the Stock exchange of São Paulo. Before EDP, Carlos Andrade developed his career in the financial market, worked 17 years in international banks in the areas of credit, corporative finances and investment banking. He lived more than a half of his banking career abroad, covering the Latin America market, including Caracas, City of Mexico and New York.

Luiz Otavio Assis Henriques

Vice President for Generation since May 2008.

Henriques began his career at CESP (Companhia Energética de São Paulo) in 1981 where he held the posts of technical manager for the Itapeva region, manager of Operations and Planning of Electrical Systems, commercial manager for the Atibaia region, manager of Planning and Control of the East Department, and Atibaia regional manager. Upon the creation of Elektro in 1998, he was appointed the company’s New Businesses manager. From 1999 to 2002, he was Enron's Trading and Risk officer in São Paulo. Back at Elektro, Henriques was manager for wholesale energy supply  and large customers until August 2005 when he was appointed commercial and wholesale energy supply director for the distributor and director of the commercializing company.

He graduated in electrical engineering from UNICAMP (State University of Campinas) in 1980. He has a post-graduate qualification in Energy Planning and the British Privatization Model from De Montfort University of Leicester in the United Kingdom.

Henrique Manuel Marques Faria Lima Feire

Henrique has professional experience in Brazil and Portugal in the areas of Corporate Finance, Mergers and Acquisitions and Entrepreneurship

In Corporate Finance he developed his career into financial planning, budgeting, auditing, financial structuring and debt restructuring. In Mergers and Acquisitions, Henrique has experience in business valuation, due diligence, leveraged buyouts, corporate and tax structuring, private equity transactions and contracts negotiation. He worked for Banco Chemical Finance, Arthur Andersen (now Deloitte), Change Partners Corporate Finance and KPMG between 1997 and 2005,

As an entrepreneur, Henrique was founding partner of Change Partners Corporate Finance in Portugal in 2003, the first independent consultancy firm dedicated to corporate finance in the country. In 2005, the firm was integrated into KPMG in Portugal, where he remained as a member of the Corporate Finance area of the company until 2010. In the same year, he started as a partner the internationalization of the Portuguese restaurant chain H3 Hamburguer Gourmet. In 2011, through a joint venture with Icatu Group, Henrique expanded the business in Brazil where he was CEO until early 2015.

He has a bachelor degree in Mechanical Engineering from Technical University of Lisbon Technical University with exchanges in Germany and Belgium. He studied MBA at Universidade Nova de Lisboa.

Michel Nunes Itkes

Vice President of Distribution since April 10, 2015

Michel joined the Company 16 years ago as Power Purchase Manager at EDP Bandeirante. Later, he served as Energy Planning Manager. In 2005, Michel assumed the Energy Planning Board at EDP Energias do Brasil, where he served until 2008. Between 2009 and 2010, he was Director of Regulatory Strategy. In 2011, Michel became Commercial Director at EDP Bandeirante and in 2012 he accumulated the same function at EDP Escelsa. In 2014, he became Managing Director at EDP Bandeirante.

He began his career as Electrical Engineer at JP Electric Engineering and served as Planning Manager of Operation and Commercialization at CESP between 1994 and 1999.

Michel has been being Member of the Board of Directors at EDP Bandeirante since 2013 and Member of Investment Management Committee at Enerprev (Pension Fund of EDP Brasil) since 2014, both of them with mandate by 2015.

He was Member of Board of Directors at National Power System Operator – ONS from 2009 to 2010 and Member of Deliberative Council at Enerprev from 2009 to 2013.

Michel earned his bachelor’s degree in Electrical Engineering from Universidade Federal de Itajubá and has post-graduation in Energy Management from Universidade Mackenzie and in Energy Planning from Unicamp. In addition, he attended the Executive MBA from IBMEC/SP and attended the Advanced Management Program at IESE Business School (Barcelona / Brazil).

Miguel Nuno Simões Nunes Ferreira Setas

Chief Executive Officer of EDP Energias do Brasil since January 1st, 2014. Miguel was already part of the Company´s management since January 2008. Since February 04, 2014, Setas is also Vice President of the Board of Directors.

Initiated his career as a consultant for McKinsey & Co., being actively involved in the energy sector since 1998. Setas joined the EDP group in 2006 holding positions as manager for EDP Comercial, EDP Inovação, Portgás, and Fundação EDP. At the Galp Energia Group, he was director of Strategic Marketing and Manager of Lisboagás. He was also manager of CP - Comboios de Portugal and president of CP Lisboa.

Graduated in Physical Engineering and obtained his Master's Degree in Electrical and Computer Engineering from Instituto Superior Técnico in Lisbon. He also obtained an MBA from Universidade Nova de Lisboa.

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Last Update: April 13, 2013