Board of Directors and Board of Executive Officers

BRMALLS’ executive officers are its legal representatives and are primarily responsible for the day-to-day management of its business and for implementing the general policies and guidelines determined by the Company’s bylaws and by its shareholders and board of directors.BRMALLS' board of directors is its decision-making body responsible for formulating the general guidelines and policies for its business, including its long-term strategies.Among other matters, it is responsible for appointing and supervising its executive officers. In 2012, there will be a new E/ASM to elect the board members.Our board of directors and board of executive offficers at the end of 2011 are listed below:

Board of Executive Officers

Carlos Medeiros – CEO

Holds a bachelor's degree in finance and foreign trade from New York University, and has completed the TGPM Program at Harvard Business School. He joined the GP Group in 1998, and has been a partner thereof since 2002. He served as a member of the board of directors of GP Investments Ltd., Gafisa S.A., Tele Norte Leste Participações S.A. and Contax Participações S.A. He previously served as a member of the board of directors of Lupatech S.A., Kuala S.A., Pegasus Telecom S.A. and Internet Group (iG) Inc. He was an associate at Salomon Brothers Inc. in New York from 1994 to 1998.

Leandro Bousquet Viana – CFO and IR

Holds a bachelor’s degree in economics from Pontifícia Universidade Católica do Rio de Janeiro and a EP Degree from Stanford University. Mr. Bousquet has more than 15 years of experience in the real estate sector, particularly in the areas of investment and debt transactions, having previously worked for UBS Pactual from August 2004 to November 2006 before joining BRMALLS. He was also previously responsible for proprietary investments at Banco CR2 and Banco BBM. Mr. Bousquet serves both as Chief Financial Officer and Investor Relations Officer.

Ruy Kameyama - COO

Was born in July 13th, 1977. He holds a bachelor´s degree in Economics from IBMEC-Rio in 1998 and a master´s degree from Harvard Business School in 2005. In BRMALLS Mr. Kameyama has served as general manager in the Operations and M&A areas. Prior to working for BRMALLS, he served in the M&A area of Spoleto Franchising (2005-2006) and was an associate of Dresdner Kleinwort investment bank (1998-2003).

Luiz Alberto Quinta - CDO

Holds a bachelor’s degree in engineering from Universidade Federal de Goiás in 1981, a graduate degree in administration from IBMEC- Rio de Janeiro in 2001 and in business management from FGV - Rio de Janeiro in 2005, with extension in the University of California, Irvine campus. In 2009 he concluded the Executive Development Program - EDP at University of Pennsylvania - Wharton. Mr. Luiz Quinta has 22 years of experience in the management of shopping centers., he worked as Multiplan Group’s COO before joining BRMALLS.

Board of Directors

Richard Paul Matheson - President

Holds a bachelor's degree in economics from Universidade Gama Filho. He joined ECISA in 1960, and became chief financial officer and a shareholder in the mid-1960s. In 2000, he became president of ECISA.

Carlos Medeiros – Vice President

See information at Board of Executive Officers.

Fersen Lamas Lambranho - Director

Co-chairman and Co-CEO of GP. He joined the Firm in 1998 and became a MD thereof in 1999. Prior to joining GP, Mr. Lambranho was CEO of Lojas Americanas S.A., where he worked for 12 years and where he served as a Director from 1998 to 2003. Currently, he serves as a member of the board of directors of Magnesita, BR Properties, BRMalls, Allis, San Antonio, Estácio and Invest Tur. He previously served as a member of the board of directors of Tele Norte Leste Participações S.A., Gafisa, São Carlos Empreendimentos e Participações S.A., ABC Supermercados, Playcenter, Shoptime and Americanas.com S.A. Mr. Lambranho holds a bachelor’s degree in civil engineering from the Universidade Federal do Rio de Janeiro and a master’s degree in business administration from COPPEAD-UFRJ. He also completed the Owner President Management Program at the Harvard Business School.

Thomas Joseph McDonald - Director

Holds a bachelor's degree in international relations from the University of Notre Dame. He began working for Equity International in 1999, having come from Anixter International, a provider of infrastructure for networks and services. Mr. McDonald is currently a vice president at Equity International and is responsible for its new and existing investments. He is a director of several companies in Equity International's portfolio and an alternate director at Homex Development Corp., one of the largest Mexican builders.

José Écio Pereira da Costa Jr. – Independent Director

Gratuated in B.A Business Administration at the Escola de Administração de Empresas de São Paulo of Fundação Getúlio Vargas and Bacharelor´s degree in Accountancy at the Faculdade São Judas Tadeu. He also is the founder of JEPereira Consultoria em Gestão de Negócios (a business consulting firm) in Janeiro, 2008 with emphasis at: strategic management, consulting to companies and its shareholders interested in being admitted to Brazilian New Trade Market, besides participating as advisor in Auditing and Administrative Councils of Public Companies. He started his auditing career in 1974 and became an Arthur Andersen & Co partner in 1986 and later in June, 2002 was admitted as an audit partner at Deloitte Touche Tohmatsu in Brazil, where he has retired in June, 2007.

José Marcio Camargo – Independent Director

Graduated in Economics at Universidade Federal de Minas Gerais (1970) and PHD (1977) in Economics at Massachusetts Institute of Technology. Since 1978, he is the Professor responsible for Economics Department of Pontifícia Universidade Católica at Rio de Janeiro. He has worked as a consultant for international organizations such as, The World Bank, The Interamerican Development Bank, The International Labor Organization and The United Nations University. He was a partner of Tendências Consultoria Integrada and is currently partner of Opus Gestão de Recursos.