Raízen S.A. (RAIZ4) and Raízen Energia S.A. reported in a material fact on Friday, October 30, 2026, that they have elected, in extraordinary general meetings, the future new members of their Boards of Directors, in the context of the out-of-court reorganization plan of the economic group ratified on July 30, 2026. Each company will have 7 sitting members and 7 alternates, with a unified 3-year term starting from the ratification of the capital increase of Raízen S.A.
In each company, the effective election and inauguration of the member nominated by Aguassanta will depend on its participation in the capitalization of Raízen S.A., through the subscription and payment of shares in the amount of R$ 500,000,000 (five hundred million reais). If the capital injection is made, the seat will be occupied by Rubens Ometto Silveira Mello; otherwise, it will be occupied by Roland Alexander Ilube, nominated by Shell. The effectiveness of these elections is subject to the ratification of the capitalization of Raízen S.A., scheduled for no later than December 18, 2026.
At Raízen S.A., the future Fuel and Lubricants Distribution operation under the Shell brand, the following were elected as sitting members: Samuel Aguirre (nominated as chairman of the board), André Dorf, Maria Gordon, Paulo Souza Queiroz Figueiredo, Felix Faber, Luiz Felipe Guimarães Coimbra, and Rubens Ometto Silveira Mello, the latter with election and inauguration subject to Aguassanta’s participation in the capitalization.
At Raízen Energia S.A., the future Ethanol, Sugar and Bioenergy production and commercialization operation, the following were elected as sitting members: Julio Cesar de Toledo Piza Neto (nominated as chairman of the board), Kenneth John Monaghan, Mário Martins Peixoto Netto, Nelson da Silva Cardoso de Oliveira, Felix Faber, Luiz Felipe Guimarães Coimbra, and Rubens Ometto Silveira Mello, also with election and inauguration subject to Aguassanta’s participation in the capitalization of Raízen S.A.
The company also reported that, to ensure the continuity of the operational and financial transformation process underway for the last 2 years, executives who are already part of the companies’ staff were nominated: Lorival Nogueira Luz Jr. to lead the Fuel and Lubricants Distribution business and Geovane Dilkin Consul to lead the Ethanol, Sugar and Bioenergy business. The current management remains unchanged until the capitalization is ratified, which still depends on fulfillment of the conditions set out in the plan.
