Board and Administration

Carlos da Costa Parcias Jr. has extensive experience in the energy and financial sectors. He served as Vice President of Business Development and Executive Board Member at CPFL Energia from 2012 to 2020, and as Energy Investment Director at Camargo Corrêa in 2011. From 2004 to 2010, he founded and led a financial advisory firm specializing in M&A and private equity. He previously held senior leadership positions, including CEO of Icatu Gestão de Participações, Head of Investment Banking at Fleming Graphus, CEO of BBA-Capital Asset Management, Capital Markets Director at BBA-Creditanstalt Bank, Executive Director at JP Morgan Brazil, and Advisor to the President of BNDES. He holds a master’s degree in Economics from PUC-Rio and a bachelor’s degree in Economics from UFRJ.

Jerson Kelman is a leading expert in water resources and sanitation. He served as CEO of SABESP, Grupo Light, ANA, and ANEEL, and was Intervention Manager at ENERSUL and a consultant to the World Bank. He is a board member of organizations such as ONS and FEBRABAN and played a key role during Brazil’s 2001 energy crisis. Kelman holds a Ph.D. from Colorado State University and has been a professor at COPPE-UFRJ since 1974. He has received several honors, including the Order of Rio Branco and the King Hassan II World Water Prize, and is a founding member of the Brazilian Water Resources Association (ABRH).

Teresa Cristina Querino Vernaglia holds a degree in Electrical Engineering from the Faculty of Engineering of Sorocaba, a specialization in Marketing Strategy from ESPM and an MBA in Business Management from ITA/ESPM. She has extensive leadership experience in the infrastructure sector, having served as CEO of AES Atimus (2001-2010), Vice President of AES Brasil (2010-2017) and CEO of BRK Ambiental (2017-2023). She was also a member of the Boards of Instituto Trata Brasil and ABCON, in addition to serving as an advisory board member in several organizations.

Vanessa Viana is a board member of Iguá Saneamento S.A. and serves on its Sustainability Committee. She is a seasoned fund manager with over 20 years of experience in Private Equity, M&A, and Venture Capital, having structured investments across Latin America in partnership with top investment banks and development finance institutions. She was co-founder and fund manager at Bradesco Private Equity (2011–2019) and previously held roles at BMG Bank, Deloitte, and Sakonnet Energy Trading. She began her career as a risk consultant at Kroll Associates Brazil. Vanessa holds a Master’s in Finance and Economics from Fundação Getulio Vargas, an MSc in Management of Information Systems and Digital Innovation from the London School of Economics, a bachelor’s degree in Economics from the University of Southern Santa Catarina, and a bachelor’s in Communication Studies from the Federal University of Rio de Janeiro.

Roberto Correa Barbuti has been the CEO of Iguá Saneamento since August 2023. He holds a degree in Business Administration with an emphasis on Public Administration from FGV and a Law degree with a focus on Corporate Law from USP. Barbuti also earned an MBA in Finance and Entrepreneurship from INSEAD.

Before joining Iguá Saneamento, he served as CEO of Corsan for four years, where he led the first privatization of a sanitation company in Brazil. With over 20 years of experience in the Investment Banking sector, he has worked at institutions such as Bank of America Merrill Lynch, Santander, and Safra, and was a Managing Director at UBS. He has also held roles as a Strategy Consultant and Venture Capital Analyst.

René has solid experience in operations, with a background in concessions and regulated sectors such as highways and waterways. Throughout his career, he has worked across diverse corporate cultures and faced a variety of business challenges and environments. He will focus on operational efficiency, team engagement for continuous improvement, and strengthening a culture of accountability.

Sérgio Ricardo Romani – Sérgio Ricardo Romani is EY’s leader for the South Latin America Region and a member of the EY Americas Executive Board. He joined EY in 1983, where he led the growth of the Assurance division, quadrupling the audit practice and consolidating EY as a market leader. He is a member of the Institute of Auditors of Brazil and the Brazilian Institute of Corporate Governance. Romani holds a bachelor’s degree in Accounting and has completed leadership programs at Harvard Business School.

José Carlos Costa Pinto – Retired EY Partner with over 39 years of experience in Audit, Consulting, and Markets. He served as an EY Partner from August 1984 to July 2024, leading the Risk Advisory practice in Brazil and South America. Throughout his career, he gained extensive experience in Corporate Governance, Risk Management, Internal Audit, Internal Controls, Sarbanes-Oxley, and Compliance, leading projects for major national and multinational organizations. As a partner, he held various leadership positions, including Member of the EY Brazil Executive Committee and Brazil Markets Leader. He is an active member of the Brazilian Institute of Corporate Governance (IBGC), where he participated in courses and events, and is IBGC-certified for Board of Directors’ roles. Costa Pinto holds an Executive MBA from COPPEAD-UFRJ and a bachelor’s degree in Accounting from Universidade Santa Úrsula. Additionally, he has completed leadership programs at Harvard Business School and Kellogg Executive Education.

Carlos da Costa Parcias Junior – Served as Vice President of Business Development and a member of the Executive Board at CPFL Energia from 2012 to 2020. Previously, he was Energy Investment Director at Camargo Correa in 2011 and managed his own financial advisory firm from 2004 to 2010, specializing in mergers and acquisitions and private equity transactions. He has extensive leadership experience in the financial sector, including roles as CEO of Icatu Gestão de Participações (2001-2003), Head of Investment Banking at Fleming Graphus (1998-2000), CEO of BBA-Capital Asset Management (1996-1998), Capital Markets Director at BBA-Creditanstalt Bank (1993-1995), Executive Director at JP Morgan Brazil (1992-1993), and Advisor to the Presidency of BNDES (1990-1992). He holds a master’s degree in Economics from the Pontifical Catholic University of Rio de Janeiro and a bachelor’s degree in Economics from the Federal University of Rio de Janeiro.

Lidiano de Jesus Santos – Accountant at BNDES since 2010, currently serving as an analyst in the Financial Policy Department, focusing on financial projections and simulations related to profitability and capital. He holds a bachelor’s degree in Accounting from Universidade do Grande Rio (2009), a specialization (2011), and a master’s degree (2013) in Accounting from UFRJ. He also has an international IFRS certification from ACCA and is completing an MBA at PUC-Rio. Over the past five years, in addition to his current role, he has served as Head of the Human Resources Administration Department, Member of the Fiscal Council of the BNDES Social Assistance and Pension Foundation, and Manager in the Controllership Department.

Carlos da Costa Parcias Junior – Served as Vice President of Business Development and a member of the Executive Board at CPFL Energia from 2012 to 2020. Previously, he was Energy Investment Director at Camargo Correa in 2011 and managed his own financial advisory firm from 2004 to 2010, specializing in mergers and acquisitions and private equity transactions. He has extensive leadership experience in the financial sector, including roles as CEO of Icatu Gestão de Participações (2001-2003), Head of Investment Banking at Fleming Graphus (1998-2000), CEO of BBA-Capital Asset Management (1996-1998), Capital Markets Director at BBA-Creditanstalt Bank (1993-1995), Executive Director at JP Morgan Brazil (1992-1993), and Advisor to the Presidency of BNDES (1990-1992). He holds a master’s degree in Economics from the Pontifical Catholic University of Rio de Janeiro and a bachelor’s degree in Economics from the Federal University of Rio de Janeiro.

Renata Sawchuk Moura – Renata is a lawyer with a degree from Universidade Candido Mendes and holds MBAs in Operations from IE Business School and Kellogg School of Management. She is currently a Managing Partner at Integration Consulting, specializing in high-impact strategy and management. With over 20 years of experience, she began her career at Ambev as an HR Manager and held HR Director roles at Oi Telecom, Carrefour Group, and Cyrela Brazil Realty, in addition to serving as Vice President of HR at Santander Group.

Vital Meira de Menezes Junior – Vital Menezes is a distinguished executive with over 20 years of leadership experience in the financial and investment sectors. His career includes roles such as CEO of Asset Management for Latin America at J.P. Morgan, Partner at Gávea Investimentos, and Global FIG Leader at Banco Santander. He is currently a Partner at Skopos Energia and has served as a Board Member of Iguá Saneamento.

Vanessa Viana – Vanessa Viana is a Board Member and member of the Sustainability Committee at Iguá Saneamento S.A. With over 20 years of experience in Private Equity, M&A, and Venture Capital, she has structured private equity, debt, and mezzanine investment funds in Latin America, in partnership with leading investment banks and financial institutions. She co-founded and managed funds at Bradesco Private Equity from 2011 to 2019. Prior to that, she worked in Private Equity and M&A at Banco BMG, Deloitte Touche Tohmatsu, and Sakonnet Energy Trading. She began her career as a risk consultant at Kroll Associates Brazil. Vanessa holds a master’s degree in Finance and Economics from FGV, a master’s in Information Systems Management and Digital Innovation from the London School of Economics, a bachelor’s in Economics from Universidade do Sul de Santa Catarina, and a bachelor’s in Communication Studies from Universidade Federal do Rio de Janeiro.

Natália Maria Rapassi Dias Melo – Natália Maria Rapassi Dias Melo holds a degree in Public Administration from FGV and a specialization in Corporate Finance from the Amsterdam Institute of Finance, Netherlands. With over 25 years of experience in the financial sector, she has held leadership roles at institutions such as Standard Bank Brasil, where she served as CEO, as well as ING Bank, JP Morgan Chase, Bank of America Merrill Lynch, and Banif Investment Banking. Her expertise spans corporate finance, capital markets, debt restructuring, credit analysis, and sustainability and social impact projects. She has also demonstrated strategic leadership at BNDES and Standard Bank Group.

Israel Aron Zylberman – Industrial Metallurgical Engineer from Mackenzie University School of Engineering, with an International Executive MBA from FIA/FEA-USP and a specialization in Corporate Governance from IBGC. His career includes executive positions in both state-owned and private companies, as well as experience as a municipal secretary, consultant, and entrepreneur. He is currently a Board Member at IBGC, Executive Director at Cyrela and CCP Institutes, and a lecturer in Ethics and Sustainability at FIA and FIPE.

Markus Edward Schoefert – Markus Schoefert has been Managing Director of Portfolio Value Creation at CPP Investments since June 2024. Previously, he held the role of Principal in the same division, both in São Paulo and London, from 2021 to 2024. Before joining CPP Investments, Schoefert was an Associate Partner at Bain & Company, working in London, Bogotá, and Toronto from 2013 to 2021. He also has experience in corporate strategy, having worked at Ferrero International from 2009 to 2011, and in management consulting at Value Partners from 2006 to 2009. He began his career in marketing at PrivatAir and Weber Shandwick.

Carlos Marcelo Nardi – Carlos has 16 years of experience in investment, corporate restructuring, and risk management, with expertise in energy, mining, oil & gas, petrochemicals, and infrastructure. Since 2007, he has worked in both Brazil and Canada. He began his career as a utilities engineer at the Triunfo Petrochemical Complex in Rio Grande do Sul before transitioning to finance, holding positions at Alberta Investment Management Corporation, Grupo Votorantim, and IBM. Carlos also has extensive experience in financial and strategic consulting, focusing on restructuring. He holds a degree in Electrical Engineering and a master’s in Administration from UFRGS, an MBA in Investment Management from Concordia University in Canada, and is a CFA charterholder from the Chartered Financial Analyst Institute.

Jerson Kelman – Jerson Kelman is a renowned expert in water resources and sanitation. He has served as CEO of SABESP and Grupo Light, Director-General of ANEEL, and CEO of ANA. He was also an Intervention Officer at ENERSUL and a consultant for the World Bank. He is a board member of key organizations such as ONS and FEBRABAN and played a crucial role in the Analysis Commission of the Hydrothermal Energy System during the 2001 energy rationing crisis.

Allan Cohen Lusor – Senior Associate in the Infrastructure division at CPP Investments, where he has worked since June 2022. Prior to this, he held Associate and Analyst positions at the same company, accumulating significant experience in the infrastructure sector. His career began at BR Partners Banco de Investimento S/A, where he worked as an Investment Banking Analyst and Intern. Allan holds a degree in Civil Engineering from USP São Paulo and has a strong background in financial analysis and investments, focusing on infrastructure.

Carlos da Costa Parcias Junior – Served as Vice President of Business Development and Executive Board Member at CPFL Energia from 2012 to 2020. In 2011, he was Director of Energy Investments at Camargo Correa. From 2004 to 2010, he ran his own financial consulting firm specializing in M&A and private equity. He held senior leadership roles, including CEO of Icatu Gestão de Participações (2001-2003), Head of Investment Banking at Fleming Graphus (1998-2000), CEO of BBA-Capital Asset Management (1996-1998), Capital Markets Director at BBA-Creditanstalt Bank (1993-1995), Executive Director at JP Morgan Brazil (1992-1993), and Advisor to the President of BNDES (1990-1992). He holds a master’s degree in Economics from PUC-Rio and a bachelor’s degree in Economics from the Federal University of Rio de Janeiro.

Vital Meira de Menezes Junior – Vital Menezes is a distinguished executive with over 20 years of leadership experience in the financial and investment sectors. His career includes roles such as CEO of Asset Management for Latin America at J.P. Morgan, Partner at Gávea Investimentos, and Global FIG Leader at Banco Santander. He is currently a Partner at Skopos Energia and has served as a Board Member of Iguá Saneamento.

Vanessa Cristina Resende Viana – Board Member and member of the Sustainability Committee at Iguá Saneamento S.A. With over 20 years of experience in Private Equity, M&A, and Venture Capital, Vanessa has structured private equity and mezzanine investment funds in Latin America. She co-founded and managed funds at Bradesco Private Equity from 2011 to 2019 and previously worked at Banco BMG, Deloitte, and Sakonnet Energy Trading. She began her career at Kroll Associates Brazil. Vanessa holds master’s degrees in Finance and Economics from FGV and in Information Systems Management from the London School of Economics, along with bachelor’s degrees in Economics from Universidade do Sul de Santa Catarina and Communication Studies from Universidade Federal do Rio de Janeiro.