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FC Porto Sad adds three members to the new Villas-Boas Executive Committee

FC Porto Sad adds three members to the new Villas-Boas Executive Committee

DrAccording to the statement sent to the Securities Market Authority (CMVM) by the third-placed team in the 2023/24 edition of the Portuguese First League, the presence of three of the club’s vice-presidents on the company’s executive board has confirmed this matter. This afternoon at the meeting of the Board of Directors, which was elected unanimously at the end of the morning at a general meeting of shareholders, at the Estádio do Dragão, in Porto.

In addition to Andre Villas-Boas, who was sworn in exactly three weeks ago as the club's 34th president, and José Pereira da Costa, the director in charge of financial responsibility, the newly created Executive Committee of FC Porto Sade now includes João Beguena Borges (in charge of operations). . José Luis Andrade (legal component), and Thiago Madureira (business), former CEO of the Portuguese Professional Football League (LPFP), from 2020 to 2023.

José Pereira da Costa has been elected as Market Relations Representative, while José Luis Andrade will be Company Secretary and his deputy will be Jorge Manuel Basto, who also serves as Secretary of the General Assembly Board of Directors.

Carlos Gomez da Silva, former manager of Galp and vice president of new club Porto SAD, has been appointed by the group of independent directors as coordinator.

The Board of Directors includes André Villas-Boas, José Pereira da Costa, and Carlos Gomez da Silva, as well as Ana Teresa Liman, Secretary of State for Industry in the 21st Constitutional Government, headed at the time by the socialist Antonio Costa, from 2017 to 2018. And María do Rosario Moreira, Professor at the Faculty of Economics, University of Porto.

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Antonio Tavares and Angelino Ferreira, former CFO of FC Porto Sade, are responsible for the presidency of the Board of Directors of the General Assembly and the Supervisory Board, respectively, repeating the functions performed in similar bodies of the club.

The remuneration committee will be chaired by Oscar Afonso, Director of the Porto School of Economics, while the auditing firm Ernst & Young will continue as the company's official auditor, the heads of whose four bodies have been unanimously approved.

The exception occurred in the majority ratification, with one member abstaining from voting, of the new advisory board, which brings together several “eminent personalities” in the 15 vacant positions and is led by Fernando Freire de Sousa, who was already the first name nominated for the club's presidency. Supreme Council.

The new structure of the association was set today for the four-year period 2024-2027, one month after Andre Villas-Boas was elected president of FC Porto, after defeating Pinto da Costa, leader for 42 years and 15 terms, in the largest number of matches. Participate in voting in the club's history.

Since then, the former coach has been demanding the quick resignation of the outgoing SAD management, but all legal bodies have continued in their positions until the end of the football season for the team, which won the Portuguese Cup for the twentieth time on Sunday, and the third in a row, by defeating champions Sporting (2-1). , after extra time), in Jamur.

Like other matches held after the election, the two leaders sat almost side by side in the presidential stand at the National Stadium in Oeiras, embraced after the end of the match, and together lifted Porto's only trophy of 2023/24.

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If Andre Villas-Boas achieved his first football title since his inauguration as president, Pinto da Costa, 86 years old, celebrated the 45th and last season in 27 seasons as leader of SAD, which was founded on July 30, 1997, in the same way he arrived. 69 caps – seven of them international – since the club's first election in April 1982, cementing his place as the oldest and most celebrated manager in world football.

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