In compliance with Brazilian legislation and the Sarbanes-Oxley Act, Ultrapar maintains a permanent Fiscal Council, reporting to shareholders, which also acts as an audit committee. The Fiscal Council is composed of five members.
In 2008 the Fiscal Council met ten times. In order to obtain SOX certification in June 2007, the Fiscal Council carried out intensive work together with Ultrapar’s internal Audit Department, which supervised the work for the certification of controls under the Sarbanes-Oxley Act.
The Fiscal Council members' names and curriculum are above:
Name
Flavio César Maia Luz
Edson Pena Júnior
Mário Probst
Raul Murgel Braga
Wolfgang Eberhard Rohrbach
Flavio César Maia Luz
Regular
Mr. Luz is our Fiscal Council member since 2005. Mr. Luz is corporate and finance Vice-president of Cofra Latin America Ltda – C&A Group since 2001. From 1999 to 2001, Mr. Luz served as executive director and Vice-president of the board of directors at Eletropaulo. From 1976 to 1998, Mr. Luz worked at Duratex, where he occupied the Executive Vice-President position from 1993 to 1998. Mr. Luz received a degree in civil engineering from Escola Politécnica da Universidade de São Paulo and a post-graduate degree in business administration from Escola de Administração de Empresas de São Paulo da Fundação Getúlio Vargas. He also holds certificates of continuing education programs in Finance, Marketing and Mergers & Acquisitions, from Harvard Business School, Stanford University and Wharton Business School, respectively.
Edson Pena Júnior
Regular
Mr. Pena is retired from Banco do Brasil. Mr. Pena also acted as Member of the Consultant Board of Cooperativa Vinícola Aurora, Assistant of Officer Board of Banco do Brasil, Member of Fiscal Council of Banco do Brasil — BI Kepler Weber and Internal Audit Executive Manager of Banco do Brasil. Mr. Pena received a degree in accounting from UNICEUB – Brasília and a post graduation degree in Internal Audit from Universidade de São Paulo.
Mário Probst
Regular
Mr. Probst served as partner at KPMG Auditores Independentes from 1991 to 2004, and is currently retired. Mr. Probst is a member of the board of directors at Hospital Alemão Oswaldo Cruz, a member of the Fiscal Council at Odontoprev S.A. and a member of the Fiscal Council at Companhia Brasileira de Distribuição. Mr. Probst received a degree in business administration from Escola de Administração de Empresas de São Paulo da Fundação Getúlio Vargas and accountancy from Faculdade de Ciências Políticas e Econômicas do Rio de Janeiro.
Raul Murgel Braga
Regular
Mr. Braga served as legal consultant at Ultrapar until 1992 and at Getec Group until 1997. He also served as President of Ultraprev, President of the Fiscal Council at Copene-Petroquímica do Nordeste S.A. and Globex, until March, 2002 and April, 2005, respectively, and as a member of the Fiscal Council at Oxiteno S.A. until December 2002. Mr. Braga received a law degree from Faculdade Nacional de Direito da Universidade do Brasil, in Rio de Janeiro.
Wolfgang Eberhard Rohrbach
Regular
Mr. Rohrbach is the investment controller at Monteiro Aranha Group, and a member of the Fiscal Council of its affiliates, including Klabin S.A. Mr. Rohrbach also served as member of the Fiscal Council at Ericsson, Volkswagen do Brasil, Matel Tecnologia de Teleinformática S.A. — MATEC and Oxiteno S.A. Indústria e Comércio. As member of the Fiscal Council of Ericsson do Brasil he introduced the Audit Committee in the company. Mr. Rohrbach received a degree in economics from Universidade de São Paulo.
Mr. Monteiro de Carvalho
joined Ultrapar in December 2002 as a member of
the board of directors. He is chairman of the
board of directors of Monteiro Aranha S.A. and
a member on the board of Klabin S.A.. He is also
a member of the Brazil-United States Business
Council, member of the Brazil-Japan Conceptual
Group and member of the board of Ad-Rio - Agência
de Desenvolvimento Econômico do Estado do
Rio de Janeiro (the Rio de Janeiro State Development
Agency). He holds a mechanical engineering degree
from Technische Hochschule in Munich.
