Francisco de Lacerda

Vice-Chairman & CEO

Date of Birth
September 24th, 1960, Portugal
Date of 1st appointment
August 24th, 2012
Term of office
2017 / 2019

Education

  • 1982: Degree in Business Administration and Management, Universidade Católica Portuguesa

Management and supervisory functions held internally

  • 2017 - …: Chief Executive Officer (CEO) of CTT (from 2012 to 2016, Chairman of the Board of Directors and CEO of CTT)
  • 2015 - …:  Chairman (non-executive) of the Board of Directors of Banco CTT, S.A.
  • 2014 - …:  Chairman of the Boards of Directors of CTT Expresso - Serviços Postais e Logística, S.A. and of Tourline Express Mensajería, S.L.U.

Other internal functions held

  • 2016 - …: Chairman of the Remuneration Committee (elected by the General Meeting) of Banco CTT, S.A.
  • 2015 - …: Chairman of the Compensation Committee (within the Board) and member of the Selection Committee of Banco CTT, S.A.
  • 2013 - …: Chairman of the Board of the General Meeting of Correio Expresso de Moçambique, S.A.
  • 2014 – 2016: Member of the Corporate Governance, Evaluation and Nominating Committee of CTT

Professional experience

His position as CEO of CTT is his main occupation since 2012.  In this role, he is responsible for the areas of Strategy & Corporate Development, Brand & Communication, Institutional, Audit & Quality, General Secretariat and Legal Services and Human Resources Development.

For 25 years and until 2008, he held several functions in investment, corporate and retail banking, including CEO of Banco Mello and Member of the Executive Board of Directors of Millennium BCP, Portuguese bank listed on the stock exchange and with significant operations in Central and Eastern Europe, for which he was responsible.

He held other relevant positions in listed companies active in Portugal and abroad, as CEO of Cimpor (a cement group then active in 12 countries and one of the 5 largest companies in NYSE Euronext Lisbon) and Non-Executive Director and Member of the Audit Committee of EDP Renováveis (at the time the 3rd global renewable energy company).

Management and supervisory functions held in other companies (last 5 years)

  • 2015 - ...: Non-Executive Director, Member of the Audit and Compliance Committee and of the Appointments and Remunerations Committee of Endesa Energia, S.A.
  • May - October 2014: Non-Executive Director of Norfin – Portuguese Property Group, S.A.
  • 2010 - 2012: CEO of Cimpor - Cimentos de Portugal, SGPS, S.A., and Chairman of Cimpor Inversiones, S.A. and of Cimpor Macau, S.A.
  • 2008 - 2012: Non-Executive Director, Member of the Audit Committee (2008-2011) and Member of the Appointments and Remunerations Committee (2011-2012) of EDP Renováveis, S.A.
  • 2008 - 2012: Managing Partner of Deal Winds - Sociedade Unipessoal, Lda.

Other external functions held

  • 2015 - …: Chairman of the Board of Directors of COTEC Portugal - Associação Empresarial para a Inovação
  • 2012 - …: Member of the Board of Fundação Portuguesa das Comunicações (former General Council)
  • 2011 - …: Member of the Advisory Board of Nova School of Business and Economics
  • 2009 - ...: Member of the Remuneration Committee of Pharol, SGPS, S.A. (suspended his role in August 2012-March 2014)
  • 2006 - …: Member of the Advisory Board of the Master's Degree in Finance, Católica Lisbon School of Business & Economics
  • 2006 - …: Member of the Supervisory Board of Cascais Yacht Club (Deputy Commodore since 2016)
  • 2014 - 2016: Member of the Board of Directors of the International Post Corporation
  • 2014 - 2016: Member of the Board of AEM (Portuguese Issuers Association)