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 ten regular directors and seven 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. 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, IRSA Propiedades Comerciales, 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||2020||2023||1994|
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 IRSA, IRSA CP, 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 Propriedades Agrícolas, BACS Banco de Crédito & Securitización S.A., Tarshop S.A., Nuevas Fronteras S.A., and Palermo Invest S.A., among other companies.
|Alejandro G. Elsztain||03/31/1966||Second Vice-Chairman||2019||2022||1994|
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 has been CEO of Cresud since 1994, currently serving as II Vice President of IRSA and Executive Vice President of IRSA CP. He is also director of BrasilAgro, a Brazilian agricultural company.
|Jorge O. Fernández||01/08/1939||Regular Director||2021||2024||2003|
Mr. Fernández obtained a degree in Economic Sciences from University of Buenos Aires (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||2019||2022||2004|
Mr. Elsztain studied architecture at 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. and Llao Llao Resorts S.A., and an alternate director of Puerto Retiro S.A. Mr. Fernando Adrián Elsztain is cousin of our Chairman, Eduardo Sergio Elsztain, and our Directors Alejandro Gustavo Elsztain and Daniel Ricardo Elsztain.
|Alejandro G. Casaretto||10/15/1952||Regular Director||2020||2023||2008|
Mr. Casaretto obtained a degree in agricultural engineering from University of Buenos Aires (Universidad de Buenos Aires). He has served as our technical manager, farm manager, and technical coordinator since 1975.
|Liliana Glikin||03/29/1953||Regular Director||2019||2022||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||2019||2022||2019|
Mr. Bartolomé has a degree in agronomist 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 director of Don Mario, a company focus on genetics. He has worked as production manager and CEO of the Company.
|María Gabriela Macagni||01/13/1964||Regular Director||2020||2022||2020|
Gabriela is a chemical engineer, with a degree from Instituto Tecnologico Buenos Aires ( I.T.B.A.) and received post graduate specialization in business at Harvard Business School and Stanford Business School. She began her career in 1987 as consultant working for Accenture. Subsequently, she joined Citibank in 1990, working in Investment banking, where she was responsible for structuring deals totaling over USD 2 Billion, both in the international debt and equity markets. As a Senior Banker she lead Media and Telecom unit. Following the 2002 financial crisis in Argentina, she was responsible of the Corporate Banking Restructuring Unit and in 2005 she was named Chief Strategic Planning Officer. Late 2011 she was named Managing Director of Endeavor. From 2015 to 2019 she was independent director of Grupo Supervielle (NYSE : SUPV) where she was a member of the Audit, RRHH and Compliance & Corporate Government Committees. She currently is board member of Sofital S.A. a subsidiary of Grupo Superville, and overlooks Supervielle Corporate Venture fund. She is also a board member at I.T.B.A and Trustee at St Andrews Scots School Asociation.
|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.
|Pedro D. Labaqui Palacio||02/22/1943||Alternate Director||2021||2024||2006|
Mr. Labaqui Palacio obtained a law degree from University of Buenos Aires (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.
|Gabriel A.G. Reznik||11/18/1958||Alternate Director||2021||2024||2003|
Mr. Reznik obtained a degree in Civil Engineering from University of Buenos Aires (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 Director of IRSA Inversiones y Representaciones S.A. and Director of Banco Hipotecario.
|Gastón A. Lernoud||06/04/1968||Alternate Director||2020||2023||1999|
Mr. Lernoud obtained a law degree from El Salvador University (Universidad del Salvador) in 1992. He obtained a Masters degree in Corporate Law in 1996 from Palermo University (Universidad de Palermo). He was a senior associate member of Zang, Bergel & Viñes law firm until June 2002, when he joined our Company’s as the lawyer’s managers.
|Enrique Antonini||03/16/1950||Alternate Director||2019||2022||2007|
Mr. Antonini holds a degree in law from University of Buenos Aires (Universidad de Buenos Aires). He was a member of the Board of Directors of Banco Mariva S.A. (since 1992 until today), and he has been Alternate Director of Mariva Bursátil S.A. since 2015. He is member of the Banking Lawyers Committee and the International Bar Association. He is Director of IRSA Propiedades Comerciales S.A.
|Eduardo Kalpakian||03/03/1964||Alternate Director||2019||2022||2007|
Mr. Kalpakian holds a degree in business from the University of Belgrano (Universidad de Belgrano). He has also an MBA from the CEMA University of Argentina. He has been director for 25 years of Kalpakian Hnos. S.A.C.I., a leading carpet manufacturer and flooring distributor in Argentina. At present, 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 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 Iair Elsztain.
|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 has also interned at Olive Tree Venture Capital (Tel Aviv), an investment fund dedicated to companies in the technology and healthcare industry. Mr. Ilan Elsztain is the son of our chairman, Eduardo Sergio Elsztain, nephew of Alejandro Gustavo Elsztain and brother of Iair Elsztain.
Liliana Glikin, Alejandro Mario Bartolome and María Gabriela Macagni qualify as independent, in accordance with the CNV Rules.