Fernando Goldsztein, is a member of the Board of Directors. He is also an executive officer for the operations in the Southern region of Brazil, Argentina and Uruguay. In 2005 he acted as the Commercial Director at Goldsztein Participações. In 2006, he acted as the Commercial Director for the joint venture Goldsztein Cyrela and became the CEO in 2008. He was appointed Executive Director of the southern operations in 2009 after Goldsztein Participações was acquired by Cyrela. Mr. Goldsztein holds a degree in business administration from Pontifícia Universidade Católica do Rio Grande do Sul (PUC/RS) and attended marketing courses at Universidade Federal do Rio Grande do Sul (UFRGS), as well as holds a post-graduation degree from Fundação Dom Cabral. He holds a master’s degree in business administration from the MIT Sloan School of Management (USA).