Carrefour - 2017 Registration Document

CORPORATE GOVERNANCE Composition, conditions of preparation and organisation of the Board of Directors' work 2017 REGISTRATION DOCUMENT | CARREFOUR 3. 120 Flavia Buarque de Almeida Director Member of the Compensation Committee Born on August 4, 1967. Brazilian. Number of Company shares owned: 1,000 Date of appointment to the Board of Directors: April 12, 2017 Approval of the Shareholders’ Meeting: June 15, 2017 Term of office expires: Shareholders’ Meeting called to approve the Financial Statements for the year ending December 31, 2018 Experience and expertise Flavia Buarque de Almeida received her undergraduate degree from Fundaçao Getulio Vargas (1989) and her MBA from Harvard University (1994). From 1989 to 2003, she was a Consultant and Partner at McKinsey & Company. She has served as an Independent Director of Lojas Renner and as a Director of the Camargo group, which includes Camargo Corrêa, Camargo Corrêa Cimentos (now Intercement), Construções e Comércio Camargo Corrêa, Alpargatas, and Santista Têxtil. She was also Director of the Harvard University Board of Overseers. From November 2009 to April 2013, she was a Partner with the Monitor group, in charge of its operations in South America. From May 2003 to September 2009, she served as the Managing Director of Participações Morro Vermelho. Flavia Buarque de Almeida serves as Managing Director and Partner at Península Capital Participações SA, where she has been responsible for the Península Participações Private Equity business since July 2013. She has been a Director at GAEC Educação since October 30, 2014. In addition, she has held the position of Director of W2W E-Commerce de Vinhos SA since August 2016 and of BRF SA since April 2017. Flavia Buarque de Almeida brings to the Board of Directors the benefit of her experience and knowledge of private equity as well as her financial vision of shareholding structures, her knowledge in strategy, the mass retail industry and corporate governance, and her international experience. She also lends to the Board of Directors her experience in listed companies and her experience as a director of national and international listed companies. Other positions held as of December 31, 2017 In Brazil: Managing Director and Partner of Peninsula Capital ● Participações SA Director of GAEC Educação SA* ● Director of W2W E-Commerce de Vinhos SA ● Director of BRF SA* ● Positions held in the last five years that expired In Brazil: Director of the Harvard University Board of Overseers (Expiry of ● term: June 2017) Independent Director of Lojas Renner SA* (Expiry of term: 2016) ● Partner at Monitor group (Expiry of term: 2013) ● * Listed company. Abilio Diniz Director Vice-Chairman of the Strategic Committee Born on December 28, 1936. Brazilian. Number of Company shares owned: 1,034 Date of appointment to the Board of Directors: May 17, 2016 Term of office expires: Shareholders’ Meeting called to approve the Financial Statements for the year ending December 31, 2018 Experience and expertise A seasoned retail professional, Abilio Diniz co-founded Grupo Pão de Açúcar with his father and served as Chairman of the Board of Directors from 1993 to 2013. He was a member of the Brazilian National Monetary Council between 1979 and 1989 and is one of the four members of the Board of Management and Development of the Federal Government of Brazil. Abilio Diniz has a degree in Business Administration from Fundação Getúlio Vargas (FGV), and since 2010 has been giving a course at FGV called “Leadership 360º”, which aims to train and coach young leaders. He is currently Chairman of the Board of Directors of Península Participações – his family’s investment group of companies – and of BRF – the world’s largest animal protein exporter. Abilio Diniz brings to the Board of Directors the benefit of his experience and expertise in retail and consumer goods, knowledge of retail business, global strategy, private equity and governance, as well as his financial view of shareholding structures, international knowledge and experience in listed companies and as a director of national and international listed companies. Other positions held as of December 31, 2017 In Brazil: Director of Atacadão SA* (Carrefour group) ● Chairman of BRF SA* ● Chairman and Director of Reco Master Empreendimentos ● e Participações SA, Peninsula Participações SA, Zabaleta Participações Ltda., Peninsula Capital Participações SA and Paic Participações Ltda Director of: Ciclade Participações Ltda., Onyx 2006 ● Participações Ltda, Papanicols Empreendimentos e Participações Ltda, Santa Juliana Empreendimentos e Participações Ltda, Ganesh Empreendimentos e Participações Ltda, Naidiá Empreendimentos e Participações Ltda, Ayann Empreendimentos e Participações Ltda, Chapelco Empreendimentos e Participações Ltda, New Arabel Investments Limited, Adams Avenue Real Estate LLC, Adams Avenue Realty Holding Corporation, Edgewood Real Estate LLC, Edgewood Realty Holding Corporation, Palmanova SA, Tarique Limited, Clownsvis BV and Orca SARL Positions held in the last five years that expired In France: Observer of the Board of Directors of Carrefour* ● (Expiry of term: 2016) In Brazil: Chairman of the Board of Directors of Grupo Pão de ● Açucar* (Expiry of term: 2013) * Listed company.