Board of Directors

Fred Humberg Chairman

Mr. Humberg has a degree in Business Administration from Universidade Presbiteriana Mackenzie (São Paulo, SP) with emphasis on Foreign Trade and has a commodities specialization from Harvard University and IMD. He has a hybrid experience as an executive and entrepreneur. As an executive, he has held C-Level positions in large multinational companies such as Gavilon, Bunge and Glencore. As an entrepreneur, he has founded several companies: in agribusiness, he founded the company Agriservice LTDA in 2006, later acquired by Gavilon LLC in 2011, which recorded R$ 4 billion sales in 2016; in the logistics sector, he built partnerships at the TERLOGS port terminal in 2003, the TGSC terminal in 2009 and The Port of Ilhéus in 2011.

Stephane Frappat Independent Member

Mr. Frappat is a graduate of the Institut d’Etudes Politiques de Bordeaux (France). As an executive, Stephane led the transformation of Sodrugestvo from a Russian food importer and distributor to a US$ 3 billion company present on 5 continents, including oilseed factories in Russia, Brazil and in the United States. He worked in the sale of minority interests in the Company to IFC and Mitsui and in the construction of an internationally recognized management team.

Paulo Guilherme Rache Humberg Independent Member

Mr. Humberg has a degree in Marketing from Escola Superior de Propaganda e Marketing – SP. He has extensive experience on the internet and e-commerce segment. In 1995, he founded Shoptime, the first e-commerce in Brazil. Since then, he has undertaken several businesses, founding companies such as Lokau, iBest and Brandsclub. In 2004, he founded a technology investment company which in 2019, after the merger with Inseed, became the KPTL Asset Manager. KPTL has 30 years of experience in technology, more than 55 active investments and 12 exits with an average IRR of 25%. Currently, Mr. Humberg is the Board Chairman of the Asset Manager.