Argo's Governance Structure
The Company, according to the articles of incorporation, is managed by a Board of Directors and by an Executive Board, with their respective duties vested by law.
Executive Board
Argo is managed by an Executive Board, made up of three (3) members, elected by the Board of Directors. The Officers will have a unified term of office of two (2) years, reelection being permitted, and their duties are detailed in our Articles of Incorporation.
André Moreira
Chief Executive Officer (CEO)
André Moreira has over 35 years of leadership experience, extensive knowledge in corporate governance, and solid international experience. In 2023, he was named one of the 100 most influential professionals in the Brazilian Power Sector in the People and Management category, based on research focused on the power market conducted by Grupo Mídia. He holds a degree in Electrical Engineering from the Federal University of Itajubá (UNIFEI-MG) and a postgraduate degree in Quality from the State University of Campinas (IMECC). He has an MBA from AmBev University (Brahma) and an MBA in Public and Private Company Management from Armando Alvares Penteado Foundation (FAAP).
Simone Borsato
Chief Financial Officer (CFO)
Simone Borsato has over 30 years of experience in financial operations, controlling/accounting, M&A and IR. In 2016, Simone was awarded "CFO of the Year" by the IBEF-Brazilian Institute of Finance Executives. She graduated in Business Administration from PUC-SP, MBA from FGV, Post-MBA from Saint Paul and she has specializations from IMD, Fundação Dom Cabral, Ohio University, Columbia University and IBGC.
Alexandre José Marqueti Fontes
Chief Operating Officer (COO)
Alexandre Fontes who has over 25 years of experience in the energy industry, is responsible for the implementation of more than 1,800 km of Transmission Lines, and of 17 Substations. He graduated in Industrial Engineering from FEI and has an MBA from FGV.
Board of Directors
The Board of Directors is composed of six (6) permanent members and six (6) alternate members, elected by the Shareholders' Meeting, with a unified term of office of two (2) years, with reelection being permitted. The Chairperson of the Board of Directors is also elected by the Shareholders' Meeting. The Board of Directors meets once every quarter and its duties are detailed in our Articles of Incorporation.
Chairperson Member
Andres Baracaldo Sarmiento
Permanent Members
Carlos Puente Pérez
María Soler Soneira
Juan Majada Tortosa
Fernando Augusto Rojas Pinto
Jorge Andrés Tabares Angel
Alternate Members
Juan Jacobo Rodríguez Gaviria
Luis Velasco Bodega
Emílio Cerezo Díez
Juan Francisco Collado Sanchez
Fredy Antonio Zuleta Davila
Néstor Fágua Guauque
Advisory Committee
its main duty is to be a technical Committee so as to contribute to the performance of the functions of the Board of Directors by making recommendations (but without binding effect). The Advisory Committee holds regular and extraordinary monthly meetings when necessary.
Permanent Members
Juan Majada Tortosa
Juan Francisco Collado Sanchez
Fernando Augusto Rojas Pinto
Juan Jacobo Rodriguez Gavíria
Alternate Members
Raquel Rodríguez
Andres Baracaldo Sarmiento
Miguel Angel Rojas
Finances and Investments Committee
its main duty is to be a technical Committee so as to contribute to the performance of the functions of the Board of Directors by making recommendations (but without binding effect). The Finances and Investments Committee holds regular quarterly meetings, and extraordinary meetings when necessary.
Permanent Members
Juan Majada Tortosa
Emílio Cerezo Díez
Jorge Andrés Tabares Angel
Andres Baracaldo Sarmiento
Alternate Members
Juan Francisco Collado Sanchez
Tomás Gallego
Diego Forero Beltran
Fernando Augusto Rojas Pinto
Audit and Compliance Committee
Its main function is to be a technical committee that contributes to the performance of the Board of Directors' duties by making recommendations (but without binding force). The Audit and Compliance Committee holds ordinary quarterly meetings and extraordinary meetings when necessary.
Permanent Members
Juan Majada Tortosa
Fernando Frias
Néstor Fágua Guauque
Fernando Augusto Rojas Pinto
Alternate Members
Juan Francisco Collado Sanchez
Rebeca Melendre Rebolleda
Juanita Garcia
Diego Forero Beltran