Ultrapar Participacoes S A : Updates on the succession plan of Ultrapar’s Board of Directors
February 15, 2023 at 04:39 pm
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ULTRAPAR PARTICIPAÇÕES S.A.
MATERIAL NOTICE
Updates on the succession plan of Ultrapar's Board of Directors
São Paulo, February 15, 2023 - Ultrapar Participações S.A. (B3: UGPA3; NYSE: UGP, "Ultrapar" or "Company"), in compliance with CVM Resolution 44/21 and in addition to the Material Notice of September 22, 2021, informs the resolutions on the succession plan of the Board of Directors:
In a meeting held on this date, as provided for in the Company's Bylaws, the Board of Directors approved the appointment of the following slate for the election of the members of the Board of Directors that will take place at the General Shareholders' Meeting of April 19, 2023, for a term of two years:
As independent candidates:
Ana Paula Vitali Janes Vescovi
Fabio Venturelli (new)
Flávia Buarque de Almeida
Francisco de Sá Neto (new)
Jorge Marques de Toledo Camargo
José Maurício Pereira Coelho
Marcelo Faria de Lima (new)
As non-independent candidates:
Marcos Marinho Lutz (new)
Peter Estermann (new)
Continuing the Company's transformation agenda, the Board decided to re-elect Marcos Lutz to the position of Chief Executive Officer of Ultrapar, with a new term of two years, starting in April 2023.
The slate proposed by the Management reduces the number of Board members from 11 to 9, and combines, on the one hand, candidates who are currently members of the Company's Management, preserving the knowledge of the businesses and of Ultrapar, and on the other hand, four new candidates who bring relevant and complementary experiences to the Company, with an important renewal of the body. The chart below summarizes the candidates' main experiences and qualifications.
After 45 years of dedication and great contributions to Ultrapar, both in executive roles and in the Board of Directors, of which he has been a member since 2013, Pedro Wongtschowski will leave the Company's Board. Frederico Pinheiro Fleury Curado, who joined Ultrapar in 2017 as Chief Executive Officer, playing a relevant role, among others, in renewing the Company's Management team and reviewing its portfolio, will also leave the Company's Board. We also thank the Board members Alexandre Saigh, José Galló, José Luiz Alquéres and Otávio Castello Branco for their contributions over the last years.
Rodrigo de Almeida Pizzinatto
Chief Financial and Investor Relations Officer
Ultrapar Participações S.A.
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Ultrapar Participações SA published this content on 15 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2023 21:37:08 UTC.
Ultrapar Participações S.A. specializes in gas distribution. Net sales (including intragroup)break down by activity as follows:
- distribution of fuels and lubricants (81.4%; Ipiranga): activity ensured, at the end of 2020, through a network of 7,090 service stations in Brazil;
- distribution of liquefied petrol gas (9.1%; Ultragaz);
- manufacturing of chemical products (6.4%; Oxiteno): ethylene oxide, alcohols fat, products of specialties, etc.;
- distribution of pharmaceutical products (2.4% ; Extrafarma);
- logistics services (0.6%; Ultracargo): especially transport and storage services;
- other (0.1%).
Brazil accounts for 97.7% of net sales.
ULTRAPAR PARTICIPACOES S.A. 
