Carlos Renato Donzelli

Mr. Donzelli obtained a degree in technical accounting from Escola Estadual Torquato Caleiro in 1987; and a graduate degree in business administration from Faculdade de Ciência Econômicas, Contábeis e Administrativas de Franca – Facef in 1991. He also obtained a graduate degree in financial administration with an emphasis on audit and marketing from Instituto Nacional de Pós Graduação – FACEF/INPG in 1993, and he obtained a masters degree in corporate management from Faculdade de Ciência Econômicas, Contábeis e Administrativas de Franca – Facef in 2002. Mr. Donzelli joined Luiza Factoring in 1995, and in 1997 became manager of the financial department of the Group Holding – MTG Administração e Assessoria S/C Ltda. He held the position of financial manager at the Company in 2000, and he subsequently became Chief Financial Officer. Since 2009 he has been a member of our board of directors.