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


  • 2015 - 2016: Banco CTT Top Management Training Programme, Instituto Superior de Gestão Bancária and Associação Portuguesa de Bancos
  • 1982: Degree in Business Administration and Management, Universidade Católica Portuguesa

Management and supervisory functions held internally

  • 2012 - …: Chief Executive Officer (CEO) of CTT (from 2012 to 2017 also Chairman of the Board of Directors) and Vice-Chairman of the Board of Directors of CTT since 2017
  • 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. (discharging also the functions of Chief Executive Officer (CEO) of Tourline since January 2018)

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, Human Resources Development, General Secretariat and Legal Services, Brand & Communication, Institutional and Audit & Quality, holding at the same time the positions of Chairman of the Board of Directors of Banco CTT and of the subsidiaries of the Express and Parcels sector (CTT Expresso in Portugal and Tourline Express Mensajería in Spain). He also holds the function of Non-Executive Director of Endesa Energia (headquartered in Spain) and Member of the Board of COTEC Portugal.

For 25 years and until 2008, he held several positions in investment, corporate and retail banking, including CEO of Banco Mello and Member of the Executive Board of Directors of Millennium BCP, the largest 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) from 2010 to 2012, and Non-Executive Director and Member of the Audit Committee of EDP Renováveis (then the 3rd global renewable energy company) from 2008 to 2012.

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 Compensation Committee of Endesa Energia, S.A.
  • May - October 2014: Non-Executive Director of Norfin – Portuguese Property Group, S.A.

Other external functions held

  • 2015 - …: Member of the Board of Directors of COTEC Portugal - Associação Empresarial para a Inovação (from 2015 to 2017 Chairman of the Board of Directors)
  • 2012 - …: Member of the Board of Fundação Portuguesa das Comunicações (former General Council)
  • 2009 - ...: Member of the Remuneration Committee of Pharol, SGPS, S.A. (suspended his role in August 2012-March 2014)
  • 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