Mr. Thiago studied at Pontifícia Universidade Católica de São Paulo (PUCSP). Mr. Thiago started his professional career in 1997 and worked in a number of areas until 2001, including production, imports, logistics and accounting. Mr. Thiago has been a partner since 2001 and chief executive officer since 2002 of Tzar Logística Ltda., a transport and storage company, which does not belong to the economic group, nor is it controlled by the shareholders. Mr. Thiago has also been a member of the board of directors since 2008.