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TIM Participacoes SA (TIMP3.SA)

TIMP3.SA on Sao Paulo Stock Exchange

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Summary

Name Age Since Current Position

Nicandro Durante

63 2019 Independent Chairman of the Board

Pietro Labriola

52 2019 Chief Executive Officer, Director

Adrian Calaza

52 2016 Chief Financial Officer, Director of Investor Relations

Leonardo de Carvalho Capdeville

50 2015 Chief Technology Officer

Jaques Horn

55 2010 Legal Officer, Member of the Executive Board

Alberto Mario Griselli

2019 Chief Revenue Officer

Bruno Mutzenbecher Gentil

50 2018 Business Support Officer

Mario Girasole

51 2010 Member of the Executive Board, Regulatory and Institutional Affairs Officer

Carlo Nardello

55 2019 Director

Agostino Nuzzolo

51 2019 Director

Piergiorgio Peluso

51 2019 Director

Elisabetta Romano

56 2019 Director

Raimondo Zizza

55 2019 Director

Herculano Anibal Alves

66 Independent Director

Gesner Jose De Oliveira Filho

63 2019 Independent Director

Flavia Maria Bittencourt

2019 Independent Director

Biographies

Name Description

Nicandro Durante

Mr. Nicandro Durante is Independent Chairman of the Board of the Company. He holds BA Business Administration issued by Pontifical Catholic University (Pontifícia Universidade Católica), Brazil. With almost forty years of experience in the tobacco industry, since 2011 Mr. Durante has served as Chief Executive Officer at British American Tobacco, where he has held several top management positions during the past decades, including Corporate Chief Financial Officer, Regional Director, Executive Director, Chief Operating Officer. Mr. Durante is non-executive Director and Senior Independent Director at Reckitt Benckiser, a leading company in the health and care industry.

Pietro Labriola

Mr. Pietro Labriola is Chief Executive Officer, Director of the Company. Mr. Pietro Labriola is an Italian citizen, of Altamura, Bari, Italy, with a degree in Administration from Universidade de Studi of Bari, Italy, in 1991, and a master’s degree in Innovation and Technology Management from ASMIT Advanced School of Bari, Italy, in 1993. With over 20 years of experience in the telecommunications sector, Mr. Labriola assumed the position of Chief Operating Officer at TIM Participações between December 2015 and August 2018; the position of Chief Operating Officer of TIM Celular S.A. between April 2016 and August 2018; the position of Chief Operating Officer of TIM S.A. between May 2016 and August 2018; the position of Chief Executive Officer of TIM S.A. between February 2017 and May 2018. Prior to this, he held the following positions in the Telecom Italia group: Chief Transformation Officer from 2013 through 2015, Executive Vice President Business Market from 2009 through 2012, Executive Vice President Fixed Line Services from 2007 through 2008, Executive Vice President Marketing from 2001 through 2006. From 1996 through 2001, Mr. Labriola held positions as Marketing Director and Business Director at Infostrada Serviços de Comunicações Fixas. On April 3, 2019, he was appointed the Chief Executive Officer at TIM Participações.

Adrian Calaza

Dr. Adrian Calaza serves as Chief Financial Officer, Director of Investor Relations of TIM Participacoes S.A. since September 2, 2016. Mr. Calaza is an Argentine citizen, graduated in business administration from the University of Belgrano and holds an MBA in Management and Business Administration from the University of CEMA. With extensive experience in the telecommunications industry, Mr. Calaza was elected Chief Financial Officer in TIM Participações SA in September 2016. Before that, he held the position of Chief Financial Officer in Telecom Argentina from 2009 to 2016, where he also was Corporate Administrative Services Manager from 2007 to 2009. Previously, Mr. Calaza held various executive roles, including Capital Expenditures and Control Manager at TIM Participações S.A. from 2006 to 2007, Chief Financial Officer at Telecom América Latina S.A. from 2004 to 2005 and Chief Financial Officer in Entel S.A. from 2000 to 2004.Mr. Calaza joined the Telecom Italia Group in January, 1999, where he held various positions, including Chief Financial Officer of Entel S.A., in Bolivia, a subsidiary of the Telecom Italia Group and Corporate Chief Financial Officer of Telecom América Latina S.A. in Brazil.

Leonardo de Carvalho Capdeville

Mr. Leonardo de Carvalho Capdeville is Chief Technology Officer of TIM Participacoes S.A. Mr. Capdeville holds a degree from Instituto Nacional de Telecomunicações – INATEL in Electronic Engineering, specializing in Telecommunications. He also holds an MBA from Fundação Getúlio Vargas in Rio de Janeiro, Brazil. Mr. Capdeville also attended the International Program of Management Development at IEDE - Institute for Executive Development in Madrid, Spain and to the Disruptive Innovation Program by the Harvard Business School. Currently, he is Chief Technology Officer of the Company, elected on February 12, 2015 and a member of the Trustee Council of the Telecommunications Research and Development Center (Centro de Pesquisa e Desenvolvimento de Telecomunicações), or CpQD. Prior to that, Mr. Capdeville was responsible for the Network, IT and Wholesale departments at the Company. From 1998 to 2014, Mr. Capdeville was a Network Director at Telefônica Brasil (under the brand name Vivo). Mr. Capdeville also worked at Promon Eletrônica Ltda, or Promon, from 1991 to 1995 and then from 1996 to 1998. While at Promon, he held the position of engineer responsible for implementing the mobile telephony in the State of Espírito Santo, Brazil, and performed other activities related to network projects. From February 1995 to October 1996, Mr. Capdeville worked at Gerenciamento e Assessoria de Serviços S/C Ltda., as coordinator of the implementation of the team and of the data communication area.

Jaques Horn

Mr. Jaques Horn is Legal Officer, Member of the Executive Board of TIM Participacoes SA since July 2010. He worked at Tetra Pak as Legal Director from 2007 to 2010. He worked for Shell as Corporate Manager of the Holding and Legal Director of subsidiaries. He was Legal Counsel at Companhia Atlantic de Petroleo from 1992 to 1994, Lawyer at Franco, Bhering, Barbosa e Novaes for one year and Senior Consultant at Arthur Andersen for four years. He graduated in Law from Universidade Candido Mendes and specialized at Harvard and Academy of International and American Law.

Alberto Mario Griselli

Mr. Alberto Mario Griselli is Chief Revenue Officer of the Company. He holds a degree in Eletronic Engineering from La Sapienza Università di Roma and an FMBA from Columbia University. With more than 15 years in consultancy sector, on which he held relevant positions such as Vice President for LatAm at TIMWI Consulting and also LatAm Managing Director at Value Partners and worked in relevant projects of strategy, regulation, cost efficiency to processes and organization, mostly in the telecom sector.

Bruno Mutzenbecher Gentil

Mr. Bruno Mutzenbecher Gentil is Business Support Officer of the Company. He also has an L.L.M. in International Business Law (London), post graduate in Competition Policy, in International Commerce and Modern Economic History, and executive education at London Business School (Finance), Harvard (School of Government), Columbia Business School (Advanced Management Program) and INSEAD (International Directors Programme). He joined TIM in 1997, for the regulatory and pricing area, in Rome. From 2000 to 2003, he headed, in Brussels, the TIM Group relations with the institutions of the European Union, and was appointed to the position of Deputy-Chairman of the European Mobile Sector (GSM Europe). Starting from 2004, he was Head of Public and Regulatory Affairs at Telecom Italia America Latina and at TIM Brasil. During this period, he worked also as Director of Entel Bolivia and Alternate Director of TIM Participações. Mr. Girasole is the Regulatory and Institutional Affairs Officer of the Company since January 2009 and since 2012, he runs the Press Relations and the Corporate Social Responsibility departments. He is also member of the Boards and Councils of national and international entities, including SindiTelebrasil, GSM Latin America, Italo-Brazilian Chamber of Commerce and the Brazilian Institute for Competition Studies (Instituto Brasileiro de Estudos da Concorrência), or IBRAC. In September 2014, Mr. Girasole was awarded as Knight of the Order of the Star of Italy by the President of the Italian Republic “for promoting friendly relations and co-operation with other countries and ties with Italy.”

Mario Girasole

Mr. Mario Girasole is Member of the Executive Board and Regulatory and Institutional Affairs Officer of TIM Participacoes SA since December 13, 2010. He is Member of the Executive Board since January 2009. He joined the Company in 1997, for the regulatory and pricing area, in Rome. Previously, he was responsible for economic analysis in antitrust in law firms. From 2000 until 2003, he headed, in Brussels, the TIM group relations with the institutions of the European Union, and was appointed to the position of Deputy-Chairman of the European Mobile Sector (GSM Europe). Since 2004 in Brazil, he became Chief of Public and Economic Affairs at Telecom Italia America Latina. During this period, he worked also as Director of Entel Bolivia and Alternate Director of TIM Participacoes SA. Mr. Girasole is the Regulatory Affairs Officer of TIM Participacoes SA, since January 2009, and Member of Board of Directors and of Officers of national and international entities, including Febratel, Accel / Telebrasil, GSM Latin America, Department of Infrastructure and the House of FIESP Italo-Brazilian Trade. He holds a Masters degree in Economics and Trade from Luiss Guido Carli Libera Universita Internazionale degli Studi Sociali, obtained a Master of Legal Letters degree in International Business Law in London, a post graduate degree in Competition Policy, in International Commerce and Modern Economic History, and received Executive Education from London Business School and Harvard Business School.

Carlo Nardello

Mr. Carlo Nardello is Director of the Company. Mr. Nardello is an Italian citizen, born in Rome, Italy, with a University Degree in Economics issued in 1988 by LUISS (Libera Università Internazionale degli Studi Sociali). Mr. Nardello has over 20 years of experience in the industry of broadcasting and communications. On January 7, 2019, he was appointed Chief Strategic Development & Transformation Officer at Telecom Italia S.p.A. From November 2016 through 2018, he was co-founder and CEO of CscVision, a consulting firm in media and marketing, as well as, starting from May 2017, Chief of Staff of the Special Commissioners of Alitalia (Italy’s national airline). From May 2000 through November 2016 he held various offices at RAI Group (Rai - Radiotelevisione Italiana S.p.A., Italy’s public television and media company). Before that, he worked at Lego Company, The Walt Disney Company and Johnson and Johnson. Mr. Nardello is currently a Professor of Digital Marketing at La Sapienza University in Rome, Professor of Media Economics at LUMSA University in Rome, and he was also Professor of Marketing at UNISOB in Naples. He is the author of books on television marketing and in the digital market.

Agostino Nuzzolo

Mr. Agostino Nuzzolo is Director of the Company. Mr. Nuzzolo holds a degree in Law, Economics and has been member of the Board of Directors, member of the Compensation Committee and member of the Control and Risk Committee at TIM Participações, since April 2018. From 2008 to 2016, Mr. Nuzzolo served as General Counsel, Acting Director of Human Resources and Director of Organization and Information Technology at Italcementi Group. From 2016 to February 2018, Mr. Nuzzolo was Secretary of the Board of Directors, General Counsel and Head of legal affairs, at Telecom Italia, where he currently acts as Secretary of the Board of Directors, General Counsel, Legal, Regulatory and tributary Officer, since 2018. Mr. Nuzzolo also serves as Interim Director of Human Resources and Organizational Development, since November 2017, at Telecom Italia S.p.A.

Piergiorgio Peluso

Dr. Piergiorgio Peluso is Director of TIM Participacoes S.A. Mr. Peluso holds a degree in Economics and Social Sciences, with specialization in Finance, at Università Commerciale Luigi Bocconi. Mr. Peluso has been member of the Board of Directors at TIM Participações since March 2018 and a member of Control and Risks Committee since April 2018, and has been the Chief Financial Officer of Telecom Italia SpA since 2012. From 2011 to 2012, Mr. Peluso was the General Manager of Fondiaria-SAI S.p.A, acting in the recovery plan of the insurance group and later integration with the Unipol group. Following the merger of UniCredit Corporate Banking S.p.A. with UniCredit S.p.A. in 2010, Mr. Peluso was appointed Head of Corporate & Investment Banking Italy, UniCredit Group. In 2009, Mr. Peluso was an Executive Officer of UniCredit Corporate Banking S.p.A

Elisabetta Romano

Ms. Elisabetta Romano is Director of the Company. She has over 30 years of experience in the industry of telecommunications, information technology and media, in the United States and Europe. Before being appointed, on July 1st, 2018, Chief Technology Officer, at Telecom Italia S.p.A., Ms. Romano developed her career at Ericsson Group, where she worked from 1998 through 2018, holding various top management positions. She was honored as one of the 2017 Top 50 Women in Technology by the National Diversity Council.

Raimondo Zizza

Mr. Raimondo Zizza is Director of the Company. He holds a degree in Electronic Engineering and has been member of the Board of Directors and member of the Control and Risks Committee at TIM Participações since April 2018. From September 2012 to January 2017, Mr. Zizza served at TIM Celular (now TIM S.A.), as Director of Information Technology. Since 2017, Mr. Zizza also has been Director of Information Technology at Telecom Italia S.p.A.

Herculano Anibal Alves

Mr. Herculano Anibal Alves serves as the Independent Director of TIM Participacoes S.A. Mr. Alves received a degree in Economics from Pontifícia Universidade Católica de São Paulo, PUC-SP in 1980, a specialist in Financial Administration from Fundação Getúlio Vargas in 1983 and a master’s degree in Finance and Investments from Fundação Getúlio Vargas in 1989 and attended the Governance, Risk and Compliance course from the Risk University of KMPG in 2016. At TIM Participações, Mr. Alves currently serves as member of the Board of Directors and has been a member of the Statutory Audit Committee since April 14, 2015 and as chairman of the Control and Risks Committee since April 26, 2017. He also currently serves as Director at Barigui Gestora de Recursos Ltda. since 2016, as member of the Fiscal Council at Grupo Fleury since 2018, and as member of the Fiscal Council at EcoRodovias since 2018. From May 2014 to April 2015, Mr. Alves was an Equities Consultant at BRAM – Bradesco Asset Management S.A. DTVM, or BRAM. He was Director of Equities of BRAM US from September 2011 to March 2015, Head of Equities at BRAM – Bradesco Asset Management Ltda. from July 2001 to April 2014, and Senior Manager of Equities at Bradesco Templeton Asset Management Ltda. from June 1998 to June 2001. Previously, he also held the position of Director at the banking company ABN AMRO from February 1995 to June 1998 and he served as an equity portfolio manager, investment analysis manager and analyst at Unibanco from June 1985 to January 1995. From January 1983 to June 1985, he worked at Banco Bozano Simonsen in the credit area, and from March 1971 to September 1982 at the bus company Vila Carrão Ltda. in the administrative and financial area. Mr. Alves was a member of the Investment Committee and of the Assets Allocation Committee of BRAM from 2001 to 2015, and was also member of the Monthly Committee of BRAM with the vice-presidents of Banco Bradesco. He serves as fiscal council member of Cielo S.A. and Grendene S.A., both since 2015.

Gesner Jose De Oliveira Filho

Mr. Gesner Jose de Oliveira Filho is Independent Director of the Company. Mr. Oliveira is a partner of GO Associados and Professor of Economics at Getulio Vargas Foundation. He has been certified as an independent board member by IBGC (Brazilian Institute of Corporate Governance) and has been a member of the Board of CESP, Sabesp, Nossa Caixa and Varig. At present, he is a member of the Board of Directors of Braskem, Igua and Estre Ambiental, CIEE, Etco, as well as a member of the Self-Regulation Council of Febraban. His previous positions include being the CEO of Sabesp – Companhia de Saneamento Básico do Estado de São Paulo (2007-11), one of the largest water companies in the world; President of CADE, the federal antitrust authority (1996-2000); Deputy Secretary for Economic Policy (1993-95) and Secretary for Economic Monitoring (1995), both at the Ministry of Finance. He received his PhD in Economics from the University of California (Berkeley). He has worked as a private consultant since the 1990s and published several books and articles in national and international journals. His work has focused on competition policy, macroeconomics and infrastructure which are related with his experience at CADE, Ministry of Finance and Sabesp, respectively.

Flavia Maria Bittencourt

Mrs. Flavia Maria Bittencourt is Independent Director of the Company. She holds a B.S. degree in Chemical Engineering from UFRJ, an Executive MBA from Fundação Dom Cabral and other certificates from London Business School and INSEAD. Mrs. Bittencourt has a a vast professional experience in different roles and industries, such as 8 years in Banking, 10 years in Telecom, and 3 years in Private Equity. Starting in 2013, she was the CEO for Sephora Latin America and since June, 2019 is the CEO for Adidas Brazil as well as an independent board member for Marisa Lojas S.A.