The Executive Board at Évora can be composed of, at least 2 (two) and a maximum of 4 (four) Executive Officers, Brazilians, shareholders or not, currently residing in Brazil, elected by the Board of Directors for a period of 1 (one) year, with reelections allowed, and subject to dismissal at any time. One out of the executive officers elected will be nominated as CEO (Chief Executive Officer) and one will be nominated as CFO (Chief Financial Officer). In case there are others, they will be nominated as Executive Officers. The Board of Directors will also assign one of the Executive Officers for the Investor Relations Officer position.