We are managed by a board of directors. Our bylaws provide that our Board of Directors shall consist of a minimum of three and a maximum of fifteen regular directors and the same or less numbers of alternate directors.
Currently, our board is composed by twelve regular directors and six alternate directors. Each director and alternate director is elected by our shareholders at an annual ordinary meeting of shareholders usually for a three-year term, provided, however, that of the board of directors is elected each year. The directors and alternate directors may be re-elected indefinitely.
Alternate directors will be summoned to exercise their functions in case of absence, vacancy or death of a regular director or until a new director is appointed.
Our current directors are as follows:
|DIRECTORS||DATE OF BIRTH||POSITION IN CRESUD||DATE OF CURRENT DESIGNATION||MANDATE EXPIRATION||CURRENT POSITION HELD SINCE|
|Eduardo S. Elsztain||01/26/1960||Chairman||2020||2023||1994|
Mr. Eduardo S. Elsztain has been engaged in the real estate business for more than thirty years. He is the Chairman of the Board of Directors of IRSA Inversiones y Representaciones S.A., Banco Hipotecario S.A., BrasilAgro Companhia Brasileira de Propriedades Agrícolas Ltda., Austral Gold Ltd. and Consultores Assets Management S.A., among other companies. He also Chairs Fundación IRSA, is a member of the World Economic Forum, the Council of the Americas, the Group of Fifty and the Argentine Business Association (AEA), among others. He is co-founder of Endeavor Argentina and serves as Vice President of the World Jewish Congress.
|Saúl Zang||12/30/1945||First Vice-Chairman||2020||2023||1994|
Mr. Zang holds a law degree from the Universidad de Buenos Aires. He is a member of the International Bar Association and of the Interamerican Federation of Lawyers. He is a founding partner of Zang, Bergel & Viñes Law Firm. Mr. Zang is Vice-Chairman I of IRSA Inversiones y Representaciones S.A., Consultores Assets Management S.A. and other companies such as Fibesa S.A. and Chairman at Puerto Retiro S.A. He is also director of Banco Hipotecario S.A., BrasilAgro Companhia Brasileira de Propriedades Agrícolas Ltda., BACS Banco de Crédito & Securitización S.A., Nuevas Fronteras S.A., and Palermo Invest S.A., among other companies.
|Alejandro G. Elsztain||03/31/1966||Second Vice-Chairman||2022||2025||1994|
Mr. Alejandro Gustavo Elsztain holds an agricultural engineer degree from the Universidad de Buenos Aires. He completed the Advanced Management Program at Harvard Business School. He is currently serving as Vice-President II of IRSA Inversiones y Representaciones S.A., and Vice President of Fibesa S.A., Nuevas Fronteras S.A. and Hoteles Argentinos S.A.U. He is also director of BrasilAgro, a Brazilian agricultural company, FYO and Agrofy. He is also the president of Fundación Hillel Argentina.
|Jorge O. Fernández||01/08/1939||Regular Director||2021||2024||2003|
Mr. Fernández obtained a degree in Economic Sciences from Universidad de Buenos Aires. He has performed professional activities at several banks, financial corporations, insurance firms and other companies related to financial services. He is also involved in many industrial and commercial institutions and associations.
|Fernando A. Elsztain||01/04/1961||Regular Director||2022||2025||2004|
Mr. Fernando Adrián Elsztain holds an architecture degree from Universidad de Buenos Aires. He has been engaged in the real estate business as a consultant and as managing officer of a real estate company. He is Chairman of the Board of Directors of Palermo Invest S.A. and Nuevas Fronteras S.A. He is also a director of IRSA Inversiones y Representaciones S.A., Hoteles Argentinos S.A.U. and Llao Llao Resorts S.A., and an alternate director of Puerto Retiro S.A.
|Mariana R. Carmona||02/11/1961||Regular Director||2020||2023||2020|
Ms. Carmona has a degree on Psychology from the Universidad de Buenos Aires. She is a founder and director of the Fundación Museo de los Niños and member of IWF Argentina. She is also the Vice President I of Consultores Assets Management S.A.
|Alejandro G. Casaretto||10/15/1952||Regular Director||2020||2023||2008|
Mr. Casaretto obtained a degree in agricultural engineering from Universidad de Buenos Aires. He has served as our technical manager, farm manager, and technical coordinator since 1975. He joined as a member of the board of directors from 2008.
|Liliana Glikin||03/29/1953||Regular Director||2022||2024||2019|
Ms. Glikin has obtained a law degree from the Universidad de Buenos Aires and a journalist degree from the Journalism School of the “Circulo de la Prensa”. She is also law professor at the Universidad de Buenos Aires. She is partner and legal advisor in “Stolkiner y Asociados” firm.
|Alejandro Mario Bartolome||09/12/1954||Regular Director||2022||2025||2019|
Mr. Bartolomé has a degree in agronomy from the Universidad de Buenos Aires and also has a Master of Science from the Reading University, England. He is an entrepreneur and wine producer. He is co-founder and ex director of GDM, former Don Mario, a leader company focus on genetics in the world. He has worked as production manager and CEO of the Company.
|María Gabriela Macagni||01/13/1964||Regular Director||2022||2025||2020|
Ms. Macagni has a degree in chemical engineering from the Technological Institute of Buenos Aires (ITBA) and postgraduate degrees in business from the Harvard Business School and the Stanford Business School. She started her career in 1987 as a consultant at Accenture. She worked at Citibank since 1990, developing in the investment banking area, where he was responsible for structuring operations for more than USD 2,000 million, in the local and international capital markets. As a senior manager in commercial banking, she led the Media and Telecommunications unit. After the 2002 crisis, she was responsible for the Corporate Restructuring area and in 2005 she was appointed member of the executive board, in charge of Strategic Planning. In 2001 she was appointed as executive manager of Endeavor. From 2015 to 2019, she served as an independent director of Grupo Supervielle (NYSE: SUPV) where she was a member of the Audit, Human Resources, Compliance and Corporate Governance Committees. She is currently a member of the board of Sofital S.A., a subsidiary of Grupo Supervielle, and the Superville Corporate Venture Fund. Likewise, she is a member of the ITBA board of directors and a trustee of the San Andrés Educational Civil Association.
|Enrique Antonini||03/16/1950||Regular Director||2022||2024||2022|
Mr. Antonini holds a degree in law from the School of Law of Universidad de Buenos Aires. He has been director of Banco Mariva S.A. since 1992 until today, and alternate director of Mariva Bursátil S.A. since 2015. He is a member of the Argentine Banking Lawyers Committee and the International Bar Association. He is also currently Alternate Director of IRSA Inversiones y Representaciones S.A.
|Nicolás Bendersky||04/21/1983||Regular Director||2022||2024||2022|
Mr. Bendersky has a degree in Economics and a Master's degree in Finance from CEMA University. He began his career in 2001 in the Corporate Finance department at CRESUD and IRSA and between 2004 and 2014, he held various positions at Consultores Asset Management where he currently serves as CIO. Between 2015 and 2021, he had been member of the board of numerous leading public and private companies in Israel and is currently a regular member of the Board of Directors of IRSA.
|Gastón A. Lernoud||06/04/1968||Alternate Director||2020||2023||1999|
Mr. Lernoud obtained a law degree in Universidad El Salvador in 1992. He obtained a Master in Corporate Law in Universidad de Palermo in 1996. He has been senior associate in Zang, Bergel & Viñes Law Firm until June 2002, when he was joined Cresud as legal counsel until August 2022.
|Eduardo Kalpakian||03/03/1964||Alternate Director||2022||2023||2007|
Mr. Kalpakian holds a degree in business from the Universidad de Belgrano. He has also an MBA from Universidad del CEMA. He has been director for 25 years of Kalpakian Hnos. S.A.C.I., a leading carpet manufacturer and flooring distributor in Argentina. Currently he is vice-chairman of such company’s board and CEO. He is also vice-chairman of the board of La Dormida S.A.A.C.E I.
|Ilan A. Elsztain||01/08/1992||Alternate Director||2020||2022||2020|
Mr. Elsztain holds a degree in economics from the University of Buenos Aires. He has previously worked in various of our group companies: Avenida, Fibesa and IRSA Propiedades Comerciales. He is currently alternate director of CAMSA, where he conducts research.
|Iair M. Elsztain||03/05/1995||Alternate Director||2020||2022||2020|
Mr. Elsztain is currently studying for a degree in industrial engineering at the UADE Faculty of Engineering. He previously served as general manager at Iaacob House Hostel, he is currently working on the Israel Startup Experience (ISE) Entrepreneurship Project, which offers travel for young people with experience in Israel. He has also interned at Olive Tree Venture Capital (Tel Aviv), an investment fund dedicated to companies in the technology and healthcare industry. He is also alternate director of the board of IRSA Inversiones y Representaciones S.A.
|Gabriel A.G. Reznik||11/18/1958||Alternate Director||2021||2024||2021|
Mr. Reznik obtained a degree in Civil Engineering from Universidad de Buenos Aires. He worked for IRSA since 1992 until May 2005 at which time he resigned. He had formerly worked for an independent construction company in Argentina. He is alternate director of IRSA Inversiones y Representaciones S.A. and regular director of Banco Hipotecario S.A.
|Pedro D. Labaqui Palacio||02/22/1943||Alternate Director||2021||2024||2021|
Mr. Labaqui obtained a law degree from Universidad de Buenos Aires. He is also director of Bapro Medios de Pago S.A., permanent statutory auditor of Bayfe S.A. Fondos Comunes de Inversión, director and member of the Supervisory Committee of J. Minetti S.A., and Director of REM Sociedad de Bolsa S.A.
Liliana Glikin, Alejandro Mario Bartolome, María Gabriela Macagni and Enrique Antonini qualify as independent, in accordance with the CNV Rules.