Carolyn Luther Trabuco

Carolyn Trabuco has been an independent member of the board of directors since March 10, 2008. Ms. Trabuco is founder of Thistledown Advisory Group, LLC, a sustainable finance and corporate strategy firm in Connecticut. Prior to Thistledown she was a Managing Director at Cornerstone Capital Group, Inc., a sustainable finance focused research and advisory firm in New York City where she published research on pre-financial corporate performance indicators based on the environment, social and governance practices of global resources companies. Before joining Cornerstone Ms. Trabuco was a Senior Vice President at Astenbeck Capital Management, LLC and Phibro Trading, LLC from 2009 until 2014 where she was responsible for global oil and gas commodity and equity analysis. From 2002-2009 she worked at Pequot Capital Management as a senior equity research analyst focused on the global resources sector and the Latin American region specializing in Brazil. Ms. Trabuco has worked in the financial services industry for over 20 years and has been involved with Azul since its foundation in 2008. Ms. Trabuco holds a bachelor’s degree in art history from Georgetown University.