Executive Board

The Executive Board is the leadership body of the Company, in charge of putting in practice all of the managerial actions needed to ensure QGEP functions smoothly. It is comprised of at least, two and, at most six members. It always includes the the Chief Executive Officer (CEO) and the Finance Director. The other members hold no specific designation, but one must be elected to be appointed as Director of Investor Relations. Currently, QGEP’s Executive Board is comprised of four members, with a 2-year mandate and being allowed one reelection. 

Name Position Beginning of Mandate End of Mandate
Lincoln Rumenos Guardado

Chief Executive Officer and    Exploration Director

04/14/2016 04/14/2018

Mr. Lincoln R. Guardado is a Geology graduate from the University of São Paulo (Universidade de São Paulo(USP) He has more than 35 years of experience in the Petroleum Industry, working on both onshore and offshore basins. In his long professional experience, worked for Petrobras from 1974 until 2009. At Petrobras, he held positions including General Manager of Exploration, when he was responsible for exploration activities in countries including:

  • the United States (Gulf of Mexico);
  • Nigeria;
  • Angola;
  • Argentina;
  • Turkey;
  • India.

In Brazil, between 1995 and 2000, he also acted as General Manager of Exploration, being responsible for an annual exploration budget between US$500 and US$750 million. Of particular note during this period is that the probable reserves  at Petrobras reached between 9 and 10 billion BOE (barrels of oil equivalent - inserir hiperlink para o Dicionário do Petróleo) per day. In 1986, as Chief of Interpretation in the Campos basin, Mr. Guardado was part of the team responsible for the discovery of the giant oil fields, such as: Marlim, Albacora East, Barracuda, and Marlim South; among other, contributing to the increase in Petrobras’s reserves. Mr. Guardado joined the Queiroz Galvão Group in 2009, with responsibility for Exploration  and has been on the Exploration Board since the creation of QGEP. Since July of 2012, Mr. Guardado has held the position of C.E.O. of the Company and has been extremely important in the consolidation of QGEP as one of the largest E&P companies in Brazil. Mr. Guardado was co-author of various internal technical reports at Petrobras and has published several articles. He is an active member of AAPG (U.S.A.), SBGF (Brazil), and SBG (Brazil).
In 2016, Exploration Director, Mr. Sérgio Rodrigues Michelucci, has retired from the Company for personal reasons. Mr. Lincoln Guardado has accumulated the position of Exploration Director. To support him in the daily activities of Exploration, it was created an Exploration Superintendence undertaken by Mr. José Mendes Milton Cronemberger.
Mr. Mendes is a Geology graduated from the UFPE/UFBA, with Master Degree in Stratigraphy from the UFRGS and MBA in Strategic Business Management from the USP, with more than 37 years of experience in the Petroleum Industry. In his long professional career, he has worked at Petrobras from 1980 until 2012. At Petrobras, he held positions including Geological Monitoring Manager, Interpretation Manager, and the North / Northeast Portfolio Manager also, he has served as Technical and Senior Consultant in Brazilian basins, mainly in Sergipe-Alagoas, Espírito Santo, Santos, and the Gulf of Mexico, in the USA. Since 2012, he heightens with his knowledge and expertise to the development of the Exploration Area at QGEP.

Paula Costa Côrte-Real

Director of Finance and Investor Relations

04/14/2016 04/14/2018

Mrs. Paula Costa Côrte-Real has been with the Queiroz Galvão Group for more than 10 years. She is a graduate from the Federal University of Rio de Janeiro (UFRJ) with a degree in Production Engineering, from the Brazilian Institute of Stock Markets (IBMEC) with an MBA in Finance, and from Coppe/UFRJ with an MBA in Petroleum Studies. Throughout her professional experience, she has worked in the finance area of large oil and drilling service provider companies, such as: Petróleo Ipiranga, San Antonio Internacional, and Queiroz Galvão Óleo e Gás S.A. At Queiroz Galvão, Mrs. Costa  actively participated in the financial structuring of the Manati Oil Field (specifically in the structuring of project finance), in the construction projects of the Lone Star, Gold Star, and Olinda Star platforms, and on the upgrade of the Atlantic Star platform. Combined, these financings total approximately US$1.5 billion.

She was at the forefront of QGEP IPO’s process, which took place in February, 2011, raising more than R$1.5 billion in the public markets. Currently, Mrs. Costa is Director of Finance and Investor Relations with QGEP.

Danilo Oliveira

Production Director

04/14/2016 04/14/2018

Mr. Danilo Oliveira has a Civil Engineering degree from the Federal University of Bahia (UFBA) with a minor in Petroleum Engineering from Petrobras and an MBA from the Getulio Vargas Foundation. He has been with the Queiroz Galvão group for more than 10 years, initially as Production Manager and, later, since 2008, as Production Manager. In his long professional experience, he worked at Petrobras for 29 years, holding notable positions including:

  • 9 years responsible for the completion of offshore oil wells in the Campos basin;
  • 3 years at the as a member of the planning and execution team for the development of offshore wells in giant oil fields;
  • 10 years as Manager for Underwater Engineering, where activities included the specification, engineering, construction, and testing of equipment to be used in both deep water and ultra-deep waters fields;
  • 3 years in the Material Services Department as Manager of the offshore equipment development group for ultra-deep water applications and
  • 4 years Assistant to the Board of Exploration & Production. Since 2010, Mr. Oliveira has served as the Production Director at QGEP.


Board of Directors

The Board of Directors is the body of collegiate deliberation, responsible for the establishment of QGEP’s policies, including long-term strategies. It is responsible, also, for the supervision and management of the Executive Board. It is currently comprised of seven members, two of which are independent and have a 2-year mandate with possibility for reelection.

Name Position Beginning of Mandate End of Mandate
Antônio Augusto de Queiroz Galvão 

President of the Board of Directors

04/14/2016 04/14/2018

Mr. Antônio Augusto de Queiroz Galvão has a Civil Engineering degree from the Federal University of Pernambuco (UFPE). He has also taken professional courses such as: Petroleum Engineering at the University of Texas, Drilling Optimization at the University of Louisiana, Oil Well Drilling Technology from NL Industries, Houston, Texas.

He began his career in the oil industry in 1981 as field engineer monitoring Queiroz Galvão Oleo e Gás’ (QGOG) operations in the State of Alagoas. He became Technical Manager of the company in 1983 when he stared to supervise the technical area on a countrywide basis. He was promoted General Manager in 1985, having lead QGOG’s transformation from a small onshore drilling concern to an important global offshore drilling player. During this period, he also led the development of the company’s Exploration and Production department which later originated QGEP. After leaving the CEO function at QGOG, Mr. Queiroz Galvão became President of QGEP Participações S.A. Board of Directors.

José Augusto Fernandes Filho  

Member of the Board of Directors

04/14/2016 04/14/2018

Mr. José Augusto Fernandes holds an undergraduate degree in Geology and a postgraduate degree in Geophysics, both from the Federal University of Bahia (UFBA). He held the position of Exploration & Production Director of the Queiroz Galvão Group from 1996 until his nomination for CEO as QGEP Participações S.A., in 2010. In 2012, Mr. Fernandes left his position as CEO of the Company to become a member of the Administrative Board at QGEP Participações S.A. 

In his vast experience of more than 45 years, Mr. Fernandes has worked as a geophysicist in many Brazilian basins and held positions of note in Brazil and abroad. He was Superintendent of the Exploration District in Bahia for 9 years where he revitalized the Recôncavo Basin. He also acted as General Manager of Petrobras in Colombia, where he was submitted to various exploration and production scenarios.

José Luiz Alquéres

Member of the Independent of the Board of Directors

04/14/2016 04/14/2018

Mr. Alquéres has a Civil Engineering degree from PUC-RJ. He has extensive experience in the infrastructure and business management areas. He was National Energy Secretary in Brazil, President of Eletrobras, Light and CERJ; Member of the Executive Board of Cia. Bozano Simonsen and Director of BNDESpar.

He has ample representation in the business community, having been ex-President of the Commercial Association of Rio de Janeiro (ACRJ),  a ex-member of COINFRA-FIESP and Vice-President of ABDIB. He was previously President of the France-Brazil Chamber of Commerce (CCFB), and President of the ADRIO Counsel. He acts as Strategic Council Member to several companies such as: ALSTOM, ALCOA, and MDU Brazil. He has received the medal of Tiradentes, Pedro Ernesto and the National Order of Merit of the French Republic, in recognition of his philanthropic works. He is an honorary citizen of the State of North Dakota.

Leduvy de Pina Gouvêa Filho  

Member of the Board of Directors

04/14/2016 04/14/2018

Mr. Gouvêa Filho has a Mining Engineering degree from the Federal University of Rio Grande do Sul (UFRGS), and a post-graduate degree in Petroleum Engineering from the Petrobras Training Center. He also qualified from the Executive Development Program course from Columbia University.

He has more than 34 years of experience in the oil and gas industry in Brazil and abroad, having worked in the United Kingdom, France, United Sates, Libya, Dubai, Bolivia and Venezuela. Mr. Gouvêa is currently the CEO of Queiroz Galvão Óleo e Gás S.A. (QGOG). Prior to that, he was Vice President of Deep Water Projects at Schlumberger Serviços de Petróleo Ltda., General Manager for Health, Environment, Asset and Labor Safety in BG Group Plc, and other executive functions. He began his career at Petrobras in 1980 where he held several executive positions including international posts.

Luiz Carlos de Lemos Costamilan

Independent Member of the Board of Directors

04/14/2016 04/14/2018

Mr. Luiz Costamilan has a Mechanical Engineering degree from the Colorado School of Mines, Golden, CO. Mr. Costamilan is a partner of Energia do Rio S.A., a consulting firm in the Energy (Oil & Gas) sector, where he advises and developes  strategies for clients in Brazil and abroad  He is also a senior advisor to McKinsey&Co and Operating Partner of Advent International (private equity).

Previously, Mr. Costamilan worked on the BG Group for 9 years, where he was President of BG Brazil and BG Southern Cone. Before joining BG, Mr. Costamilan worked at Petrobras for more than 23 years, where he held several senior positions, including Executive Manager of New Ventures, Executive Manager of Brazil-Bolivia Gas Pipe Development, Executive Director of E&P, Executive Director and Executive Vice-President of Petrobras International (Braspetro), and Gas & Oil Production General Manager in Espírito Santo and in Sergipe/Alagoas. Mr. Costamilan also participated in the Administrative Board of several companies in Brazil and abroad.

Maurício José de Queiroz Galvão  

Member of the Board of Directors

04/14/2016 04/14/2018

Mr. Maurício Galvão has a Civil Engineering degree from  the FESP Polytechnic School (Escola Politécnica da FESP, Recife-PE, Brazil). He also completed courses on topics such as soil-cement from ABCP and compaction from Muller. Mr. Galvão acts as an advisor to several companies, including Queiroz Galvão Óleo e Gás S.A. and Construtora Queiroz Galvão S.A.. He has more than 35 years of professional experience working for the Construtora Queiroz Galvão S.A., including 19 years as Executive Director participating in large-scale construction jobs, such as:

  • the construction of a new passenger terminal and airport apron at the International Airport Pinto Martins, in Fortaleza;
  • construction of the new passenger terminal and parking structure of the Gilberto Freire International Airport, Guararapes, Recife;
  • the widening of the highways BR-101 and BR-232 in Pernambuco;
  • construction of the subways in Recife and Fortaleza;
  • and construction of large dams, highways and railroads.
Ricardo de Queiroz Galvão  

Member of the Board of Directors

04/14/2016 04/14/2018

Mr. Ricardo Galvão is a Civil Engineering Graduate of the  Veiga de Almeida Educational Association’s (Associação Educacional Veiga de Almeida) School of Engineering. He has also graduated from the Business School of Florida University and has studied management at Broadway and Pfister. He has more than 27 years of professional experience working for Construtora Queiroz Galvão S.A., including 11 years as Executive Director, participating in large projects such as the West portion of the Rodoanel Mario Covas road between the highways Régis Bittencourt and Av. Raimundo Pereira de Magalhães; and on the implementation of units for secondary waste water treatment in Pavuna and Sarapui.


Fiscal Council

The Company’s Fiscal Council will function in  a non-permanent  manner and, when installed, will be comprised of three active members and the same number of alternate members, with a one-year mandate, being permitted reelection in case of a new installation request. The Fiscal Council will meet, in accordance to the law, whenever necessary and will review, at least once every trimester, the financial statements. The current Fiscal Council was elected during the Annual General Shareholders Meeting that took place on April 17th, 2015.


Name Position Beginning of Mandate End of Mandate
Sérgio Tuffy Sayeg 

Active Member of the Fiscal Council

04/14/2016 04/19/2017

Mr. Sérgio Tuffy Sayeg a business manager and post-graduate in Stock Markets from the School of Economy, Business, and Accounting at the University of São Paulo (Universidade de São Paulo). He is a professor of MBA, post-graduate, and executive education courses from the Management Institute Foundation (FIA), Ibmec, INSPER, and other financial and stock market entities. Qualified with a Business Management Certificate (Certificação para Conselheiro de Administração por Experiência) and Fiscal Advisor Certificate (Certificação para Conselheiro Fiscal por Experiência) by the Brazilian Corporate Governance Institute (IBGC), a National Investment Analyst Certification (Certificação Nacional do Profissional de Investimentos) by the Association of Certified International Investment Analysts (APIMEC), and a Professional ANBIMA Certificate – Series 20.

Since 1976, he has been active in various positions in the financial sector. He has worked as Executive and Director of Unibanco, London Multiplic Bank, Banco Safra, Seller DRVM, Banco Fibra, Dresdner Asset Management, São Paulo Stock Exchange, Basic Sanitation Company of the State of São Paulo (SABESP), and Financial Investor Relations (FIRB ). He is a specialized member of the Audit Committee of Banco GMAC S.A. 2012-present), Fiscal Advisor of CSU CardSystem S.A (2008 – present), Cia. Providência Indústria e Comércio (2012–present), and Marfrig Alimentos S.A. (2010–2012), listed in the BM&FBovespa’s Novo Mercado, and of CR Almeida S.A. Engenharia e Construções (2011– 2015).

He is Management Advisor to Lojas Salfer S.A. (2007–2009), Member of the Audit Committee Institute from KPMG and of the Communication and Certification Commission (Comissões de Comunicação e Certificação) from IBGC. He was a Member of the Board (2003–2008) and Vice-President of the International Commission of the Investor Relations Brazilian Institute (IBRI). 

José Ribamar Lemos de Souza 

Active Member of the Fiscal Council

04/14/2016 04/19/2017

Mr. José Ribamar Lemos de Souza is an accountant, and holds a graduate degree in Accounting from the Federal University of Pernambuco (UFPE) and a post-graduate in Economics and Business Law and in Tax Law from the Getulio Vargas Foundation (FGV). He is a professor at the Federal University of Pernambuco (UFPE) since 1995, teaching the post-graduate and Financial Management courses, MBA in Business Management, MBA in Cost Management and Comptrolling, MBA in Planning and Organizational Management, and MBA in Logistics. He teaches several career development courses in the areas of accounting, tax, and management through the National Service of Commercial Apprenticeship (Serviço Nacional de Aprendizagem Comercial), including:

  • Management Accounting, 
  • Analysis and Financial Statements,
  • Asset Management and Control,
  • Tax and Cost Management,
  • and Pricing.

Mr. Ribamar was the accountant responsible for all of the accounting, tax, and internal comptrolling processes at several companies, including: Megaó Indústria e Comércio Ltda (1976-1978), Formac (PE) S.A., (1978-1987). Managed the financial-administrative aspects at Delta Construções S.A., where he was responsible for all accounting, tax, administrative, and financial procedures from 1988 to 1993. He is partner and shareholder of: Dosoftware do Brasil S.A. and Acta Microinformática Ltda. He has been a consultant in the organizational, accounting, tax, and administrative, having as his main clients, since 1992, the following companies: Fiori Veícolo Ltda. and its subsidiaries and affiliates; Auto Nunes Ltda. and its subsidiaries and affiliates; and Auto Norte Ltda..

Axel Erhard Brod 

Active Member of the Fiscal Council 

04/14/2016 04/19/2017

Mr. Axel Erhard Brod is a Business Manager specializing in Finance. He has a Business Administration degree from the Saarlandes University (Universität des Saarlandes) at Saarbrücken, Germany and by Catholic University of Rio de Janeiro (PUC-RJ), with a Master’s Degree in Finance also from PUC-RJ. He is currently Managing Partner at ABZ Assessoria e Consultoria Empresarial. He is a member of the Fiscal Council at the following companies:

  • Mahle Metal Leve S.A.,
  • Metalúrgica Gerdau S.A.,
  • Santos Brasil S.A.,
  • and A.W. Faber Castell S.A.

From 1999 to 2010 he worked at Grupo MAHLE in several functions, including in management groups at MAHLE Global Group; as member and President of several Executive Boards in joint ventures and companies within the Group; and at MAHLE Metal Leve S.A. as Administrative- Financial and Investor Relations Director between 1999 and 2010. From 2004 to 2010, he also performed the function of Vice-President Executive Officer of the Company. From 1990 to 1998 he worked at different positions functions within Thyssen Group’s Commerce and Service Group, and acted as the Group’s Administrative-Financial Director in South America. Between 1984 and 1989, he worked at KPMG Independent Auditors (KPMG Auditores Independentes) as Audit Manager of German Desk’s Rio de Janeiro branch. 

Nelson Mitimasa Jinzenji 

Alternate Member of the Fiscal Council 

04/14/2016 04/19/2017

Mr. Nelson Mitimasa Jinzenji is a consultant and business administrator and independent auditor; a Law and Accounting graduate from the Federal University of Pernambuco (UFPE); graduate in Business Administration from the University of São Paulo (USP).

He was Vice-President of the Brazilian Institute of Independent Auditors (IBRACON) 2nd Regional from 2001 to 2003 and President of IBRACON in the period of 2002 to 2003; President of the Caxangá Golf  & Country Club from 2000 to 2003; President of the of the Regional Accounting Council of the State of Pernambuco (Conselho Regional de Contabilidade em Pernambuco) - 2002/2003 term and Vice-President of the entity in the 2004/2005 and 2006/2007 terms;  Technical Vice-President of the Federal Accounting Council (Conselho Federal de Contabilidade) – 2008/2009 and 2010/2011 terms; Member and President of the 3rd Class of the Board of Trade of the State of Pernambuco (JUCEPE), mandates of 2007 to 2010 and 2011 to 2014; Member of the Audit Study Group of the Federal Accounting Council (CFC), in 2003, 2004 and 2005; Member of the Accounting Standards Committee (Comissão Consultiva de Normas Contábeis ) of the Securities and Exchange Commission of Brazil (CVM), in 2004, 2005 and 2006; Member and Operations Coordinator of the Accounting Standards Committee (CPC), in the period of 2008 to 2011; and Member of the Academy of Accounting of Pernambuco (Academia Pernambucana de Ciências Contábeis).

He was awarded the Medal of Military Police Merit from Pernabuco (Medalha Pernambucana do Mérito Policial Militar), in 2002; the Joaquim Monteiro de Carvalho Medal by the Regional Accounting Council of the State of São Paulo (CRCSP) in 2011; the Expression in Administration Prize Certificate (Certificado Prêmio Expressão em Administração) from the Administrator’s House (Casa do Administrador) in Pernambuco; and integrated by the Regional Administration Council of the State of Pernambuco (Conselho Regional de Administração no Estado de Pernambuco) and the Administrator’s Union (Sindicato dos Administradores) in Pernambuco, in 2010. He is also co-author of books on accounting and taxes.

Gil Marques Mendes 

Alternate Member of the Fiscal Council 

04/14/2016 04/19/2017

Mr. Gil Marques Mendes is an accountant and entrepreneur in the audit and accounting fields and has been in these sectors for 28 years. He has a Bachelor’s Degree in Accounting from the Federation of Universities Celso Lisboa (Federação das Faculdades Celso Lisboa) and a Post-Graduate Degree in Controlling, Auditing, Financial Management, and Higher Education Teaching Methods from the Getulio Vargas Foundation (FGV). He is qualified in the International Financial Reporting Standard (IFRS); certified by the International Association of Certified Accountants and Financial Managers (IACAFM); Member of the Board of Directors of the Regional Accounting Counsel of the State of Rio de Janeiro (CRC-RJ), in the office of Vice-President of Records; Member of the Commission for Continuing Professional Education (CRC-RJ). Acted as an advisor on the Taxpayers Council of the Municipality of Rio de Janeiro (Conselho de Contribuintes do Município do Rio de Janeiro) in the period from 2008 to 2010; as a Member of the Board of Trade of the State of Rio de Janeiro (JUCERJA) in the period from 1998  to 2006. He has been managing partner at:

  • GWM Independent Auditors (GWM Auditores Independentes) from 2011 to the present day;
  • GWM Auditors & Consultants (GWM Auditores e Consultores) in the period of 1986 to 2011;
  • NASA Accountants (NASA Contadores Ltda.) from 1986 to the present day.

He held the positions of Chief Auditor from 1984 to 1986 at Queiroz Galvão Construction Company (Construtora Queiroz Galvão S.A.); of Senior Auditor at SUPERGASBRÁS Gas Distributors (SUPERGASBRÁS Distribuidoras de Gás S.A.) from 1982 to 1983 and at SOTREQ of Tractors & Equipment (SOTREQ S.A. de Tratores e Equipamentos) from 1979 to 1982; of Auditor at Zalcberg, Aizenman, and Bendoraytes e Cia, from 1978 to 1979. 

William Bezerra Cavalcanti Filho 

Alternate Member of the Fiscal Council 

04/14/2016 04/19/2017

Mr. William Bezerra Cavalcanti Filho is an economist specializing in Business Administration and Finance. He graduated in Economics from the Bennett Methodist Institute (Instituto Metodista Bennett) in 1982,  with an MBA in Finance from IBMEC in 1991, and with a post-graduate degree in Administration specializing in Top Executives Training from the Getulio Vargas Foundation (FGV), in 1996; he is currently studying Philosophy at PUC-Rio and has completed the following courses: Commercial and Investment Banking at Citybank, Florida, USA, in 1992; Securities Representative Certificate at the FSA,  London, England, in 1997; International Executive at Amana Kay; Financial Engineering – Derivative Securities; Corporate Governance at USP/FIPECAFI, in 2000;

Audit Council – Theory and Practice at IBGC, in 2009; IFRS Board Class, at ANEFAC and Ernst & Young, in 2009; Media Training in 2012; and Administrative Advisor and Fiscal Advisor at IBGC. As Professional experience, Mr. Cavalcanti worked at BANERJ S.A. from 1977 to 1978; at Banco  do Brasil S.A. from 1978 to 2009. Primary executive positions held since 1996 include Executive Administrator of Third-Party Asset Management at BBDTVM; Executive Business Manager – Titles and Real Estate Value – Stock Market Unit; Executive Manager of Financial Operations – Board of Finance; Director of Financial Estuaries from 2003 to 2009; ExecutiveManager of Finance and Investments at BRASILCAP S.A. from 2009 to 2013. As a representative at Banco do Brasil (BB), he took part in the following committees: Treasury Committee at FEBRABAN until 2009; Monetary Policy Committee at ANDIMA until 2009; and Investment Committee at SUSEP from 2011 to 2013. He also participated in the Council at the following companies: Pronor S.A. e Nitrocarbono S.A. as Vice-President of the Administrative Board (AB) from 1997 to 2004, appointment: Banco do Brasil S.A. - BB; Guaraniana S.A. (now Neoenergia) - AB Member, from 1997 to 1998, Nomination: BB; Guaraniana Com. e Serv. S.A. – AB Member from 2001 to 2002 – Nomination: BB; Rio de Janeiro Stock Exchange – AB Alternate Member from 2000 to 2001 Nomination: BB; Sadia S.A. – Member from 2000 to 2001, Nomination: Previ; Brasilcap S.A. – AB Alternate Member from 2001 to 2009 as President of the Finance Committee, Nomination: BB; ALL S.A. – AC Member from 2009 to 2010, Nomination: Previ; Fiago Participações S.A. from 2011 to 2013, Nomination: Previ; Nominated by Previ the Fiscal Council at CPFL in early 2013.  

Last updated on 2017-01-25T10:50:25


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