Mr. Eduardo Alcalay has been Chief Executive Officer of Gruçaí Participações S.A. since April 29, 2013. Mr. Alcalay serves as a Deputy Chief Financial Officer of Basel Participações S.A. He serves as Executive Officer at Naomi Participações S.A. since 2013. He serves as Managing Director of Caconde Participações S.A. He joined GP Investments as the Managing Director. Mr. Alcalay has been Managing Director of Caianda Participações S.A. since April 29, 2013. He has more than 15 years of investment banking experience as a Partner and Co-Founder at Singular Partners and Head of Mergers & Acquisitions at DLJ-Brazil and Banco Garantia from 1992 to 1998. Mr. Alcalay served as Head of Private Equity at GP Investments, Ltd. from March 2012 to December 2016. He served as the Chief Executive Officer of Estácio Participações S.A between December 1, 2008 and 2012. He served as Managing Partner and Principal of GP Investments, Ltd., since joining in 2005. He served as Chief Executive Officer and Investor Relations Officer of Magnesita Refratários S.A. from 2007 to 2009. He served as the Chief Executive Officer of Estacio Participacoes S.A. from 2008 to 2012 and served as its Chief Financial Officer and Investor Relations officer from 2009 to 2010. He served as Senior Vice President for Business Development at UOL, Brazil's leading internet service provider. He served as Financial Officer in the merger and acquisition department of Donaldson, Lufkin and Jenrette from 1998 to 2000. From 2000 to 2003, Mr. Alcalay served on UOL-Universo Online S.A. and Grupo Folha. He has been a Director of BRT 1 Holding S.A. since 2012. He served as Deputy Executive Officer at Beleza Participações S.A. since 2013. He serves as a Director of BHG SA Brazil Hospitality Group. He serves as Director of Allis Participações S.A. He serves as Director of Itaitinga Participações S.A. He serves as a Director of Hopi Hari S.A., Empresa Brasileira de Agregados Minerais S.A. and Leitbom. He served as an Independent Director of Gafisa S.A. since February 14, 2007. He served as the Chairman of Estácio Participações S.A from April 3, 2012 to April 27, 2016. He served as Vice Chairman of UOL-Universo Online SA since 2001. Mr. Alcalay served as a Director of Companhia Energética do Maranhão - CEMAR e Estácio Participações S.A. He served as a Director of Magnesita Refratarios S.A. since April 30, 2015 until January 25, 2017. He served as a Director of Equatorial Energia S.A. since March 2006, Magnesita S.A. from 2007 to 2008, Magnesita Refratários S.A from 2007 to 2009, LA Hotels S.A. from 2007 to 2009 and BR Malls Participações S.A. from 2006 to 2007. Mr. Alcalay holds a Bachelor's degree in Business Administration from Fundação Getulio Vargas, Rio de Janeiro, Brazil and a BA in Law from University of São Paulo.