Argo is managed by an Executive Board, made up of three (3) members, elected by the Board of Directors. The Officers will have a unified term of office of two (2) years, reelection being permitted, and their duties are detailed in our Articles of Incorporation.
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Simone Borsato
Chief Financial Officer (CFO)
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André Moreira
Chief Executive Officer (CEO)
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Alexandre José Marqueti Fontes
Chief Operating Officer (COO)
Board of Directors
The Board of Directors (“BoD”) has the mission of protecting and enhancing the Company’s assets, maximizing investment returns, and establishing Argo’s overall business direction, making decisions on strategic matters. The powers and responsibilities of the Board are set forth in the Company’s Bylaws.
The BoD is composed of six (6) regular members and six (6) alternate members, all elected at the General Shareholders’ Meeting, with a unified two-year term and eligibility for re-election. The Chair of the Board of Directors is also elected at the General Shareholders’ Meeting, with the position alternating between directors nominated by each shareholder, as provided in the Bylaws.
The BoD meets regularly once every quarter and, extraordinarily, whenever convened by the Chair of the Board. If an extraordinary meeting is requested by at least three (3) Board members, the Chair must call the meeting.
Below is the composition of the Board of Directors:
| Name | Position | Indication | Independent | Election Date | End of Term | Substitute | |
|---|---|---|---|---|---|---|---|
| Mariano Aparício Bueno | President | REDEIA | No | 04/10/2026 | 04/10/2028 | Juan Francisco Collado Sanchez | |
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Mr. Mariano Aparício Bueno holds a degree in Telecommunications Engineering from the Polytechnic University of Madrid. He has been working at Redeia Corporation S.A. for 17 years and currently serves as General Director of Telecommunications and International Business, with solid experience in the field within the power transmission sector. In addition, Mr. Mariano Aparício Bueno serves as Chairman of the Board of Directors, as well as a full member of the Advisory Committee, the Finance and Investments Committee, and the Audit and Compliance Committee of Argo Energia. |
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| Andres Baracaldo Sarmiento | Vice President | GEB | No | 04/10/2026 | 04/10/2028 | Juan Jacobo Rodríguez Gaviria | |
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Mr. Andrés Baracaldo is an economist, graduated from Universidad de los Andes, with an MBA and a specialization in Finance from London Business School. Between 1997 and 2009, he worked as an investment banker in Bogotá and London, covering the utilities sector at institutions such as Corfivalle, Schroders, Schroder Salomon Smith Barney, and Royal Bank of Scotland. In 2009, he joined Corporación Financiera Colombiana, where he served as Executive Director of Investment Banking (2009–2011) and Vice President – Chief Investment Officer (2011–2016), being responsible for the corporation’s energy investment portfolio. In 2016, he joined Interconexión Eléctrica S.A. (ISA) as Vice President of Growth and Business Development and, since 2018, has held the position of Vice President of Growth at Grupo Energía Bogotá (GEB). Currently, Mr. Andrés serves on the boards of Red de Energía del Perú, Consorcio Transmantaro, Consorcio Eléctrico Yapay, Calidda, Contugas, and Electrodunas in Peru. |
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| Carlos Puente Perez | Holder | REDEIA | No | 04/10/2026 | 04/10/2028 | David Montero Escribano | |
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Mr. Carlos Puente holds a degree in Industrial Engineering from ICAI School of Engineering. In addition, he completed postgraduate studies in the economics of the electricity sector at Universidad Carlos III in Madrid, as well as in finance and various programs at IESE. |
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| María Soler Soneira | Holder | REDEIA | No | 04/10/2026 | 04/10/2028 | Emílio Cerezo Díez | |
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Ms. María Soler holds a degree in Industrial Engineering from ICAI, with a specialization in Electricity, and is also a Senior Technician in Occupational Risk Prevention, with a specialization in Occupational Safety. She completed the Management Development Program at IESE and the PROMOCIONA Program at ESADE. |
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| Fernando Augusto Rojas Pinto | Holder | GEB | No | 04/10/2026 | 04/10/2028 | Fredy Antonio Zuleta Davila | |
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Mr. Fernando Rojas is an electrical engineer, graduated from the National University of Colombia, with a master’s degree in Power System Analysis from the University of Manchester, England. He completed courses on public utility company management in Sweden and Canada, and holds a specialization in Finance from Universidad EAFIT – Medellín and FGV – São Paulo. |
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| Jorge Andrés Tabares Angel | Holder | GEB | No | 04/10/2026 | 04/10/2028 | Néstor Fágua Guauque | |
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Mr. Jorge Tabares is a civil engineer, graduated from Escuela de Ingeniería de Antioquia, and holds a master’s degree in Business Administration from Stanford University. He served as Executive Vice President and member of the Management Committee of Grupo EPM between 2015 and 2020. In addition, he led the Corporate Finance team, overseeing financial planning, funding, investment management, budgeting, accounting, taxation, treasury, and private capital financing. |
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Audit Committee
The Audit and Compliance Committee (“ACC”) has as its main responsibilities monitoring the quality of financial statements, internal controls, risk management, compliance, internal audit, and independent audit, as well as carrying out activities related to active and preventive oversight, aiming to ensure the reliability and integrity of information in order to protect and enhance governance. Likewise, it issues recommendations to the Board of Directors regarding matters within its competence (although without binding effect). The ACC meets regularly once every quarter and, extraordinarily, whenever necessary.
The ACC is composed of four (4) regular members and four (4) alternate members, all elected by the Board of Directors, as follows:
| Name | Indication | Position | Election Date | End of Term | Substitute | |
|---|---|---|---|---|---|---|
| Mariano Aparício Bueno | REDEIA | Holder | 04/30/2026 | 01/29/2028 | Juan Francisco Collado Sanchez | |
| Fernando Frias | REDEIA | Holder | 01/29/2026 | 01/29/2028 | Rebeca Melendre Rebolleda | |
| Néstor Fágua Guauque | GEB | Holder | 01/29/2026 | 01/29/2028 | Juanita Garcia | |
| Fernando Augusto Rojas Pinto | GEB | Holder | 01/29/2026 | 01/29/2028 | Diego Forero Beltran |
Finance and Investment Committee
The Finance and Investment Committee (“FIC”) has as its main responsibilities discussing financial, tax, and investment practices and needs, as well as monitoring the financial indicators of Argo and its subsidiaries. Likewise, it issues recommendations to the Board of Directors regarding matters within its competence (although without binding effect). The FIC meets regularly once a month and, extraordinarily, whenever necessary.
The FIC is composed of four (4) regular members and four (4) alternate members, all elected by the Board of Directors, as follows:
| Name | Indication | Position | Election Date | End of Term | Substitute | |
|---|---|---|---|---|---|---|
| Mariano Aparício Bueno | REDEIA | Holder | 04/30/2026 | 01/29/2028 | Juan Francisco Collado Sanchez | |
| Emilio Cerezo Diez | REDEIA | Holder | 01/29/2026 | 01/29/2028 | Tomás Gallego | |
| Jorge Andrés Tabares Angel | GEB | Holder | 01/29/2026 | 01/29/2028 | Diego Forero Beltran | |
| Andres Baracaldo Sarmiento | GEB | Holder | 01/29/2026 | 01/29/2028 | Fernando Augusto Rojas Pinto |
Advisory Committee
The Advisory Committee (“SteerCo”) has as its main responsibility acting as a technical committee to support the performance of the Board of Directors’ duties. In addition, it may issue recommendations regarding matters within its competence (although without binding effect). The SteerCo meets regularly once a month and, extraordinarily, whenever necessary.
The SteerCo is composed of four (4) regular members and four (4) alternate members, all elected by the Board of Directors, as follows:
| Name | Indication | Position | Election Date | End of Term | Substitute | |
|---|---|---|---|---|---|---|
| Mariano Aparício Bueno | REDEIA | Holder | 04/30/2026 | 01/29/2028 | Raquel Rodríguez | |
| Juan Francisco Collado Sanchez | REDEIA | Holder | 01/29/2026 | 01/29/2028 | Carlos Rene de Kergariou Cordon | |
| Fernando Augusto Rojas Pinto | GEB | Holder | 01/29/2026 | 01/29/2028 | Andres Baracaldo Sarmiento | |
| Fredy Antonio Zuleta Davila | GEB | Holder | 01/29/2026 | 01/29/2028 | Miguel Angel Rojas |