Gerdau Management

Management criteria checks 2/4

Gerdau's CEO is Gustavo Da Cunha, appointed in Jan 2018, has a tenure of 6.83 years. directly owns 0.016% of the company’s shares, worth €1.06M. The average tenure of the management team and the board of directors is 4.1 years and 6.3 years respectively.

Key information

Gustavo Da Cunha

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	6.8yrs
CEO ownership	0.02%
Management average tenure	4.1yrs
Board average tenure	6.3yrs

Recent management updates

Recent updates

CEO

Gustavo Da Cunha (51 yo)

6.8yrs

Tenure

Mr. Gustavo Werneck Da Cunha has been the Chief Executive Officer at Gerdau S.A. since January 1, 2018 and serves as its Director. He is a Member of Board Of Executive Officers at Gerdau S.A. He is Chief E...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Gustavo Da Cunha	Member of Board Of Executive Officers CEO & Director	6.8yrs	no data	0.016% € 1.1m
Claudio Gerdau Johannpeter	Vice Chairman of the Board	16.8yrs	no data	0.030% € 1.9m
Marcos Eduardo Wahrhaftig	Executive VP of Strategy & Member of Board of Executive Officers	no data	no data	no data
Rafael Japur	Member of Board of Executive Officers	2.8yrs	no data	0.00037% € 23.9k
Mauro De Paula	Member of Board of Executive Officers & Commercial Executive Officer	no data	no data	0.0029% € 184.4k
Cesar Da Rosa Peres	Member of Board of Executive Officers & Commercial Officer of Gerdau Steel Brasil	no data	no data	no data
Rubens Pereira	Member of Board of Executive Officers and VP of operations in Brazil	no data	no data	0.0031% € 203.2k
Wendel Da Silva	Member of Board of Executive Officers and Director of Mining & Raw Materials	no data	no data	0.0023% € 150.8k
Aldo Castillo	Member of Board of Executive Officers	less than a year	no data	no data
Clemir Uhlein	Accounting Director	no data	no data	no data
Fabio de Pieri Spina	Legal Director	no data	no data	no data
Pedro Torres Pinto	Head of Corporate Communication	5.3yrs	no data	no data

4.1yrs

Average Tenure

52yo

Average Age

Experienced Management: XGGB's management team is considered experienced (4.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Gustavo Da Cunha	Member of Board Of Executive Officers CEO & Director	no data	no data	0.016% € 1.1m
Claudio Gerdau Johannpeter	Vice Chairman of the Board	16.8yrs	no data	0.030% € 1.9m
Andre Gerdau Johannpeter	Vice Chairman of the Board	16.8yrs	no data	0.011% € 741.5k
Alberto Fernandes	Independent Director	2.4yrs	no data	no data
Guilherme Chagas Johannpeter	Chairman of the Board	4.8yrs	no data	0.013% € 814.6k
Bolivar Charneski	Member of Board of Auditors	13.8yrs	no data	no data
Claudia Ramirez	Independent Director	no data	no data	0.00029% € 18.8k
Tarcisio Beuren	Member of Board of Auditors	7.8yrs	no data	no data
Aroldo Salgado de Medeiros Filho	Member of Board of Auditors	1.8yrs	no data	no data
Marcio Hamilton Ferreira	Independent Director	1.8yrs	no data	no data

6.3yrs

Average Tenure

57.5yo

Average Age

Experienced Board: XGGB's board of directors are considered experienced (6.3 years average tenure).

Gerdau Management

Management criteria checks 2/4

Key information

Recent management updates

Gerdau S.A., Annual General Meeting, Apr 16, 2024

Gerdau S.A., Annual General Meeting, Apr 17, 2023

Less than half of directors are independent

Less than half of directors are independent

Recent updates

Now 20% undervalued

Gerdau S.A. (BOVESPA:GGBR4) entered into an agreement to acquire remaining 41.23% stake in Gerdau Summit Acos Fundidos e Forjados S.A. from Sumitomo Corporation (TSE:8053) and The Japan Steel Works, Ltd. (TSE:5631) for $32.6 million.

Third quarter dividend of R$0.30 announced

Now 21% undervalued

Gerdau S.A. to Report Q4, 2024 Results on Feb 19, 2025

Third quarter 2024 earnings released

Gerdau S.A. Declares Dividend

New major risk - Revenue and earnings growth

Now 20% undervalued after recent price drop

Now 20% undervalued after recent price drop

New major risk - Share price stability

Second quarter 2024 earnings released: EPS: R$0.41 (vs R$1.02 in 2Q 2023)

First quarter dividend of R$0.28 announced

First quarter 2024 earnings released

Now 24% overvalued

Now 23% overvalued

Upcoming dividend of R$0.10 per share

Fourth quarter dividend of R$0.10 announced

Full year 2023 earnings released: EPS: R$4.29 (vs R$6.53 in FY 2022)

Now 22% overvalued

Gerdau S.A., Annual General Meeting, Apr 16, 2024

Gerdau S.A. to Report Q1, 2024 Results on May 02, 2024

Upcoming dividend of R$0.47 per share at 15% yield

Third quarter 2023 earnings released: EPS: R$0.91 (vs R$1.71 in 3Q 2022)

Upcoming dividend of R$0.43 per share at 14% yield

New minor risk - Profit margin trend

Second quarter 2023 earnings released

First quarter 2023 earnings released

Investor sentiment deteriorates as stock falls 16%

Upcoming dividend of R$0.20 per share at 11% yield

Full year 2022 earnings released: EPS: R$6.76 (vs R$9.09 in FY 2021)

Gerdau S.A. to Report Q4, 2022 Results on Mar 01, 2023

Gerdau S.A., Annual General Meeting, Apr 17, 2023

Upcoming dividend of R$2.15 per share

Less than half of directors are independent

Upcoming dividend of R$0.71 per share

Investor sentiment deteriorated over the past week

Upcoming dividend of R$0.57 per share

First quarter 2022 earnings released: EPS: R$1.72 (vs R$1.44 in 1Q 2021)

Less than half of directors are independent

Investor sentiment improved over the past week

Upcoming dividend of R$0.20 per share

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of R$1.59 per share

Third quarter 2021 earnings released: EPS R$3.27 (vs R$0.46 in 3Q 2020)

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

Upcoming dividend of R$0.54 per share

Second quarter 2021 earnings released

Gerdau S.A. Approves Dividend, Payable on May 26, 2021

Alter Trading Corporation acquired Assets of Gerdau's St. Paul Barge Channel Road Recycling Facility in Minnesota.

Gerdau S.A. Resumes Steel Production Operations at the Araucária, Paraná Unit

First Graphene Limited Enters Memorandum of Understanding with Gerdau S.A

Full year 2020 earnings released: EPS R$1.39 (vs R$0.71 in FY 2019)

Revenue beats expectations

Gerdau S.A. to Report Fiscal Year 2020 Results on Feb 24, 2021

New 90-day high: €4.00

New 90-day high: €3.88

Gerdau and Braskem Announce Partnership with ITA and Alkimat to Develop Electromobility Solutions Focusing on Vehicle Transmission Components

New 90-day high: €3.54

Gerdau S.A. (BOVESPA:GGBR4) acquired 33% stake in Brasil ao Cubo Construção Modular for BRL 60 million.

Third quarter earnings released

Third-quarter earnings released: Revenue beats expectations

New 90-day high: €3.52

New 90-day high - €3.12

New 90-day high - €3.08

First half earnings released

New 90-day high - €2.90

CEO

Tenure

Leadership Team