The administration and management of the Company rest with our Board of Directors. Our bylaws provide that the Board of Directors will be comprised of six (6), nine (9) or twelve (12) directors and the same or a lower numerical composition of alternate directors. Directors are elected by an absolute majority vote at a regular shareholders\' meeting for a three-fiscal-year term and may be reelected indefinitely. Alternate directors are summoned to act as directors in the case of absence, vacancy or demise until a new director is appointed.
As of the date, our Board of Directors is formed by nine directors and nine alternate directors.
The table below contains the information on our Directors and Alternate Directors:
|NAME||DATE OF BIRTH||OFFICE HELD||DATE OF APPOINTMENT TO THE CURRENT OFFICE||TERM IN OFFICE EXPIRES IN*||OFFICE HELD SINCE|
|Eduardo Sergio Elsztain||01/26/1960||Chairman||2020||2023||1994|
Mr. Elsztain has been engaged in the real estate business for more than thirty years. He is the chairman of the board of directors of CRESUD, IRSA, Banco Hipotecario S.A., BrasilAgro Companhia Brasileira de Propiedades Agrícolas, Austral Gold Ltd., Consultores Assets Management S.A., among other companies. He also Chairs IRSA Foundation, is a member of the World Economic Forum, the Council of the Americas, the Group of 50 and the Argentine Business Association (AEA), among others. He is co-founder of Endeavor Argentina and serves as VicePresident of the World Jewish Congress. Mr. Eduardo Sergio Elsztain is Fernando Adrián Elsztain’s cousin and Alejandro Gustavo Elsztain’s and Daniel Ricardo Elsztain’s brother.
|Saúl Zang||12/30/1945||First Vice-chairman||2019||2022||2003|
Mr. Zang obtained a law degree from the University of Buenos Aires. He is a member of the International Bar Association and of the Interamerican Federation of Lawyers. He was a founding partner of Zang, Bergel & Viñes Law Firm. Mr. Zang is Vice-chairman of CRESUD, IRSA, Consultores Assets Management S.A. and other companies like Fibesa S.A. and Chairman at Puerto Retiro S.A. He is also director of Banco Hipotecario S.A., BrasilAgro Companhia Brasileira de Propiedades Agrícolas, BACS Banco de Crédito & Securitización S.A., Nuevas Fronteras S.A., and Palermo Invest S.A., among other companies.
|Alejandro Gustavo Elsztain||03/31/1966||Executive vice-chairman||2018||2021||2003|
Alejandro Elsztain graduated as an Agricultural Engineer from the University of Buenos Aires. He then completed the Advanced Management Program at Harvard Business School in June 1999. He is currently serving as CEO and Executive Vice President of IRSA CP II, CEO of CRESUD and II Vice President of IRSA. He is also director of BrasilAgro, a Brazilian agricultural company.
|Mariana R. Carmona||02/11/1961||Regular director||2020||2023||2020|
Ms. Carmona has a degree on Psychology from the Universidad de Buenos Aires. In 1999 she founded the “Museo de los Niños” in the city of Buenos Aires, of which she is currently a director, and in 2004 she founded the “Museo de los Niños” in the city of Rosario. She is married with our chairman Eduardo S. Elsztain and she is the mother of Ilan, Iair and Ben Elsztain.
|Fernando Adrián Elsztain||01/04/1961||Regular director||2018||2021||1998|
Mr. Elsztain studied Architecture at University of Buenos Aires. He has been engaged in the real estate business as consultant and as managing officer of a real estate agency. He is Chairman of the Board of Directors of Palermo Invest S.A. and Nuevas Fronteras S.A. He is also director of IRSA, Hoteles Argentinos S.A., Llao Llao Resorts S.A. and alternate director of Puerto Retiro S.A. He is the cousin of our Chairman, Eduardo Sergio Elsztain and our directors, Alejandro Gustavo Elsztain and Daniel Ricardo Elsztain.
|Leonardo Fabricio Fernández||06/30/1967||Regular director||2018||2021||2007|
Mr. Fernández obtained a degree in law at University of Buenos Aires. He serves as an Alternate Director on the board of directors of Disco S.A. and Transportadora de Gas del Norte S.A.
|Isela Angélica Costantini||08/12/1971||Regular director||2019||2022||2017|
Ms. Costantini obtained a degree in Social Communication from the Pontifical Catholic University of Paraná (Curitiba, Brazil) and an MBA in International Business and Marketing at Loyola University in Chicago, USA. In addition, she is the General Manager of the ST Group, independent director of San Miguel, CIPPEC and the Food Bank of Buenos Aires; and member of the advisory board of Novae.
|Marcos Oscar Barylka||06/29/1945||Regular director||2020||2023||2006|
Mr. Barylka obtained a degree in business from the Gral. San Martín School. Mr. Barylka has been involved in the retail and the gastronomy industries for over 35 years, having served as partner, manager and consultant for several companies. Since 2006, Mr. Barylka serves as Secretary of the Pele Ioetz Foundation, which provides support to families suffering economic and social problems in Argentina.
|Javier Kizlansky||20/08/1967||Regular Director||2019||2022||2019|
Mr. Kizlansky has an architecture degree from Universidad de Buenos Aires. He has performed professional activities at commercial and marketing areas in IRSA between 1993 and 1997. In 1996, he completed a specialization program focus on Investor Relations in Ludgate Communications, New York. He is managing partner of Latincrops S.R.L, director of Doña Felisa S.A and Kifagro S.R.L., where he develops his expertise in agribusiness and real estate, local and internationally. He is also vice chairman of Hillel Foundation Argentina, an entity focus on in the development of young university students of the Jewish community.
|Gastón Armando Lernoud||06/04/1968||Alternate director||2020||2023||2010|
Mr. Lernoud obtained a law degree from Universidad del Salvador in 1992. He finished his master in corporate law at Palermo University (Universidad de Palermo) in 1996. He was a senior associate at Zang, Bergel & Viñes Law Firm until June 2002, when he joined as legal counsel manager.
|Juan Manuel Quintana||02/11/1966||Alternate director||2020||2023||2003|
Mr. Quintana obtained a law degree at University of Buenos Aires. He is a partner at Zang, Bergel & Viñes Law Firm. In addition, he serves as Alternate Director of Nuevas Fronteras S.A. and Emprendimiento Recoleta S.A., among other companies.
|Pablo Daniel Vergara del Carril||10/03/1965||Alternate director||2019||2022||2006|
Mr. Vergara del Carril obtained a law degree from Argentina’s Catholic University where he teaches Commercial Law and Contract Law. He also lectures on Corporate Law, the Law of Contracts and Capital Markets for post-graduate programs. He is a member of the Legal Advisory Committee of Cámara de Sociedades Anónimas as well as Vice President of the Antitrust Law Committee of the Buenos Aires Bar Association (Colegio de Abogados de la Ciudad de Buenos Aires). He is a partner at Zang, Bergel & Viñes Law Firm and a member of the board of directors of Nuevas Fronteras S.A., and Banco Hipotecario S.A.
|Salvador Darío Bergel||04/17/1932||Alternate director||2018||2021||2006|
Mr. Bergel obtained a law degree and a PhD from Universidad del Litoral. He is professor emeritus of Universidad de Buenos Aires and was a founding partner of Zang, Bergel & Viñes Law Firm. He also serves as an alternate director of CRESUD.
|Mauricio Wior||10/23/1956||Alternate director||2018||2021||2006|
Mr. Wior obtained his bachelor’s degrees in Economics and Accounting, and a Master’s Degree in Finance from Tel Aviv University in Israel. Mr. Wior is currently a member of the board of Banco Hipotecario S.A. He has held positions at Bellsouth where he was Vice-President for Latin America from 1995 to 2004. Mr. Wior was also CEO of Movicom Bellsouth from 1991 to 2004. In addition, he led the operations of various cellular phone companies in Uruguay, Chile, Peru, Ecuador and Venezuela. He was president of the Asociación Latinoamericana de Celulares (ALCACEL); American Chamber of Commerce in Argentina and the Israeli-Argentine Chamber of Commerce. He was director of Instituto para el Desarrollo Empresarial de la Argentina (IDEA), Fundación de Investigaciones Económicas Latinoamericanas (FIEL) and Tzedaka.
|Gabriel Adolfo Gregorio Reznik||11/18/1958||Alternate director||2019||2022||2004|
Mr. Reznik obtained a degree in civil engineering from University of Buenos Aires. He worked for IRSA Inversiones y Representaciones Sociedad Anónima from 1992 until May 2005 at which time he resigned. He formerly worked for an independent construction company in Argentina. He is regular director of IRSA Inversiones y Representaciones S.A. and Banco Hipotecario S.A., among others.
|Enrique Antonini||03/16/1950||Alternate director||2019||2022||2007|
Mr. Antonini holds a degree in law from University of Buenos Aires. He is currently a member of the board of directors of Banco Mariva S.A. (since 1992) and since 2015 he has been alternate director of Mariva Bursátil S.A. He has also served as a member of the board of directors of IRSA from 1993 to 2002 and he is currently alternate director of Cresud S.A.C.I.F.y A. He is a member of the Banking Lawyers Committee and the International Bar Association.
|Ilan A. Elsztain||01/08/1992||Alternate Director||2020||2023||2020|
Mr. Elsztain holds a degree in economics from the University of Buenos Aires. He has previosuly worked in various of our group companies: Avenida, Fibesa and IRSA Propiedades Comerciales. He is currently alternate director of CAMSA, where he conducts research. Mr. Ilan Elsztain is the son of our chairman, Eduardo Sergio Elsztain, nephew of Alejandro Gustavo Elsztain and brother of Ben Elsztain.
|Ben Iosef Elsztain||01/16/1997||Alternate Director||2020||2023||2020|
Mrs. Elsztain studied Social Media at ORT Technical School. He founded and was Commercial Manager of Torch Argentina until 2017. He is also a director of Soluciones de Seguridad Vial S.A as representative of the Israeli Mobileye. He is the son of our chairman Eduardo S. Elsztain and Mariana R. Carmona; brother of Ilan and Iair Elsztain; nephew of Alejandro G. and Daniel R. Elsztain
*The Board members will remain in office until a Shareholders\' meeting is convened to reelect them or to appoint new Board members.
Marcos Barylka, Isela Costantini and Javier Kizlansky are independent directors, pursuant to CNV Rules.