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.

René Silva has served as CEO since August 2025. He has extensive experience in operational management, having served as Chief Operating Officer at Hidrovias do Brasil and as CEO at Concessionária Auto Raposo Tavares. His career encompasses experience in diverse corporate cultures, facing a variety of challenges and business contexts.

Carlos da Costa Parcias Junior – Served as Vice President of Business Development and member of the Executive Board at CPFL Energia from 2012 to 2020. Previously, he was Director of Energy Investments at Camargo Corrêa in 2011 and managed his own financial consulting firm from 2004 to 2010, focusing on mergers & acquisitions and private equity transactions. He has extensive leadership experience in the financial sector, 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), Director of Capital Markets at BBA-Creditanstalt Bank (1993–1995), Executive Director at JP Morgan Brazil (1992–1993), and Advisor to the Presidency at 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.

Sérgio Ricardo Romani – Sérgio Ricardo Romani is the EY leader for the Southern Latin America region and a member of EY’s Executive Council for the Americas. He joined EY in 1983, where he led the growth of the Assurance practice, quadrupling the audit team and consolidating EY as a market leader. He is a member of the Brazilian Institute of Auditors and the Brazilian Institute of Corporate Governance (IBGC). Sérgio holds a Bachelor’s degree in Accounting and has completed executive leadership programs at Harvard Business School.

José Carlos Costa Pinto – Retired Partner at EY with over 39 years of experience in Audit, Advisory, and Markets. He served as EY Partner from August 1984 to July 2024, leading the Risk Advisory practice in Brazil and South America. Over his career, he gained extensive expertise 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 multiple leadership roles, including Member of the EY Brazil Executive Committee and Brazil Markets Leader. José is an active member of the Brazilian Institute of Corporate Governance (IBGC), certified for Board of Directors participation, and has participated in IBGC courses and events. His academic background includes an Executive MBA from COPPEAD UFRJ, a Bachelor’s in Accounting from Universidade Santa Úrsula, and executive leadership programs at Harvard Business School and Kellogg Executive Education.

Lidiano de Jesus Santos – Accountant at BNDES since 2010, currently serving as an analyst in the Department of Financial Policies, focusing on financial projections and simulations related to profitability and capital. He holds a degree in Accounting from Universidade do Grande Rio (2009), a specialization (2011), and a Master’s degree (2013) in Accounting from UFRJ. He also holds an international IFRS certification from ACCA and is completing a Master’s in Business Administration 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.

Renata Sawchuk Moura – Renata is a lawyer graduated from Universidade Candido Mendes, with MBAs in Operations from IE Business School and Kellogg School of Management. She is currently 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 HR Manager and has held HR Director positions at Oi Telecom, Grupo Carrefour, and Cyrela Brazil Realty, in addition to serving as Vice President of HR at Grupo Santander.

Vital Meira de Menezes Junior – Vital Menezes is a distinguished executive with more than 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 member of the Board of Directors of Iguá Saneamento.

Vanessa Viana – Vanessa Viana is a member of the Board of Directors and the Sustainability Committee of 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 top-tier investment banks and financial institutions. She was co-founder and fund administrator 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, beginning her career as a risk consultant at Kroll Associates Brazil. Vanessa holds Master’s degrees in Finance and Economics from Fundação Getúlio Vargas, in Information Systems Management and Digital Innovation from the London School of Economics, and Bachelor’s degrees in Economics from Universidade do Sul de Santa Catarina and in Communication Studies from the Federal University of Rio de Janeiro.

Lívia de Castro Abreu – Lívia Abreu has been with CPP Investments since 2023, leading value-creation initiatives in infrastructure and energy companies across Latin America. She has experience in corporate governance, due diligence, and development of strategic partnerships. Prior to joining CPP Investments, she worked at Kearney and Accenture on projects related to strategy, sustainability, and organizational transformation. She holds Bachelor’s degrees in Law (PUC-SP) and Public Administration (FGV), with postgraduate studies in Psychoanalysis and Contemporary Studies (PUC-RS).

Natália Maria Rapassi Dias Melo – Natália Maria Rapassi Dias Melo holds a degree in Public Administration from Fundação Getulio Vargas (FGV) and a specialization in Corporate Finance from the Amsterdam Institute of Finance, Netherlands. With more than 25 years of experience in the financial sector, she has worked at leading 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 professional expertise includes corporate finance, capital markets, debt restructuring, credit analysis, and sustainability and social impact projects. She is also recognized for her strategic leadership roles 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 roles in both state-owned and private companies, as well as experience as a municipal secretary, consultant, and entrepreneur. He currently serves as a member of the Board of Directors at IBGC, Executive Director at the Cyrela and CCP Institutes, and teaches 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 served as Principal in the same area in São Paulo and London from 2021 to 2024. Before joining CPP Investments, he 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 investments, corporate restructuring, and risk management across the energy, mining, oil & gas, petrochemical, and infrastructure sectors. Since 2007, he has worked in Brazil and Canada. He began his career as a Utilities Engineer at the Triunfo Petrochemical Complex in RS, Brazil, before transitioning to finance, holding roles at Alberta Investment Management Corporation, Grupo Votorantim, and IBM. He also has extensive experience in financial and strategic consulting, with a focus on restructuring. He holds a degree in Electrical Engineering, a Master’s in Business Administration from UFRGS, an MBA in Investment Management from Concordia University (Canada), and is a CFA charterholder.

Jerson Kelman – Jerson Kelman is a renowned specialist in water resources and sanitation with a distinguished career. He served as President of SABESP and Grupo Light, Director-General of ANEEL, and Chairman of ANA. He also acted as Interventor at ENERSUL and consultant to the World Bank. He is a member of key boards such as ONS and FEBRABAN, and played a crucial role in the Electric Hydrosystem Analysis Commission during the 2001 rationing period.

Teresa Cristina Querino Vernaglia – Teresa Vernaglia holds a degree in Electrical Engineering from Faculdade de Engenharia de Sorocaba, with 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 Brazil (2010–2017), and CEO of BRK Ambiental (2017–2023). She has also been a member of the Boards of Instituto Trata Brasil and ABCON, and served as an advisory board member for various organizations.

Allan Cohen Lusor – Senior Associate in the Infrastructure division at CPP Investments, where he has been working since June 2022. Prior to this role, he held positions as Associate and Analyst at the same firm, gaining extensive experience in the infrastructure sector. Allan began his professional career at BR Partners Banco de Investimento S/A, serving as an Investment Banking Analyst and Investment Banking Intern. He holds a degree in Civil Engineering from USP São Paulo and has a strong background in financial analysis and investments, with a focus on infrastructure.

Carlos da Costa Parcias Junior – Served as Vice President of Business Development and member of the Executive Board at CPFL Energia from 2012 to 2020. In 2011, he was Director of Energy Investments at Camargo Corrêa. From 2004 to 2010, he ran his own financial consulting firm specializing in mergers & acquisitions and private equity. He has 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), Director of Capital Markets at BBA-Creditanstalt Bank (1993–1995), Executive Director at JP Morgan Brazil (1992–1993), and Advisor to the Presidency at BNDES (1990–1992). He holds a Master’s degree in Economics from the Pontifical Catholic University of Rio de Janeiro (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 member of the Board of Directors of Iguá Saneamento.

Natália Maria Rapassi Dias Melo – Natália holds a degree in Public Administration from Fundação Getulio Vargas (FGV) and a specialization in Corporate Finance from the Amsterdam Institute of Finance, Netherlands. With more than 25 years of experience in the financial sector, she has worked at leading 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 professional expertise spans corporate finance, capital markets, debt restructuring, credit analysis, and sustainability and social impact projects. She is also recognized for her strategic leadership roles at BNDES and Standard Bank Group.

Vanessa Cristina Resende Viana – Member of the Board of Directors and the Sustainability Committee of 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 across Latin America. She was co-founder and fund administrator at Bradesco Private Equity from 2011 to 2019, and previously held positions 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 Fundação Getúlio Vargas and in Information Systems Management from the London School of Economics, as well as Bachelor’s degrees in Economics from Universidade do Sul de Santa Catarina and in Communication Studies from the Federal University of Rio de Janeiro.