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  </ul><BR>save:<center><div style='width:95%;bgcolor:#FFFFFF;background-color:#ffffff;'><p align=left><font class=custom2><font color=#000000 face='times New roman'><B>AVALIAÇÃO DA EMPRESA TOTVS S.A. PELO MÉTODO DO FLUXO DE CAIXA DESCONTADO</b></font></font></p></div></center><BR><table width='90%' cellspacing=2 cellpadding=0 bgcolor=#E3E3E3><tr><td bgcolor=#ffffff><table width='100%'><tr><td width='20%' valign=center><table width='100%' bgcolor=#F2F2F2><tr><td align=center><table cellspacing=0 cellpadding=0><tr><td><font class=custom1><B>OUT.</b></font></td></tr></table><font class=customy><B>01</b></font></td></tr></table></td><td><table cellspacing=15 cellpadding=0><tr><td><a href=hoje.asp?datay=01-10><font class=custom1g><B>HOJE&nbsp;NA&nbsp;HISTóRIA</b></font></a><table><tr><td><font class=custom1>164</font></td></tr></table></td></tr></table></td></tr></table></td></tr></table><table width='100%'><tr><td width='5%'></td><td><font class=custom>2023<BR>12/10/2025 22:17:11</font><BR><BR><font class=custom>4.3 DIRETORIA EXECUTIVAOs Diretores da TOTVS são seus representantes legais, responsáveis, principalmente,pela administração diária e pelo desenvolvimento das políticas e diretrizes gerais estabelecidaspelo Conselho de Administração. Os Diretores são eleitos pelo Conselho de Administração daTOTVS com mandato unificado de dois exercícios anuais, sendo exercício anual o períodocompreendido entre duas Assembleias Gerais Ordinárias, podendo ser reeleitos e, a qualquermomento, depostos pelo Conselho (RI, 2022). No Quadro 04, a seguir, pode-se ver o corpo dediretores.Quadro 04 – Diretores da TOTVSNome Data denascimento Posição EleiçãoDennis Herszkowicz 06/11/1974 Diretor-Presidente 08/02/2021Alexandre HaddadApendino 08/12/1979 Diretor Vice-Presidente deAtendimento e Relacionamento 08/02/2021Gilsomar MaiaSebastião 06/12/1975Diretor Vice-PresidenteAdministrativo e Financeiro e DiretorRelações com Investidores08/02/2021Gustavo DutraBastos 19/03/1976 Diretor Vice-Presidente dePlataformas 08/02/2021Izabel CristinaBranco 24/06/1976 Diretora Vice-Presidente de RelaçõesHumanas 08/02/2021Juliano Tubino 05/08/1974 Diretor Vice-Presidente de Estratégiae Novos Negócios 08/02/2021Marcelo EduardoSant’anna Cosentino 06/01/1983 Diretor Vice-Presidente de Negóciospara Segmentos 08/02/2021Fonte: RI TOTVS (2022), elaborado pelo autor.Pode-se destacar Dennis Herszkowicz, Diretor Presidente da TOTVS, Formado emPropaganda e Marketing pela ESPM., entre 2003 e 2018, foi sócio e Diretor Estatutário da LinxS.A., ocupando diferentes Vice-Presidências, além de ter sido Membro do Conselho deAdministração no período de 2011 a 2014. Entre 2012 e 2017, ele foi Chief Financial Officere Diretor de Relações com Investidores, sendo responsável pelo IPO em 2013 e pelo follow-onem 2016, além de conduzir 20 aquisições no período. Enquanto, entre 2017 e 2018, foi Vice <B>[p. 36]</b></font></td></tr></table><BR><font class=custom1g><center><div style='width:93%;text-align:left;'></div></center></font><table width='100%' cellspacing=0 cellpadding=0><tr><TD><font class=custom000><font color=#000000></font></font><font class=custom><BR><center><table width='90%' cellspacing=0 cellpadding=0><tr><td></td></tr></table></center><center>
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<BR>len:32048<BR>2-0<BR></font>EMERSON<center><div style='width:92%;'><p align=left></p></div></center><BR><font color=blue>01/10/2023<BR>ANO:542<BR> 
<font class=custom00><font color=#35383E>testando base<table width='100%' cellspacing=0 cellpadding=0><tr><TD><img src=logos/fundo2.jpg width='100%' height=40></td></tr></table><center><div style='width:100%;background-color:#F0F0F0;'><Br><p align=left><center><div style='width:95%;box-shadow: 3px 3px 13px 1px #555555;background-color:#ffffff;'><BR><center><div style='width:90%;'><p align=left><b><font face='times New roman'>Sobre o Brasilbook.com.br</font></b><Br><Br></p></div></center><BR></div></center><Br></p></div></center><table width='100%' cellspacing=0 cellpadding=0><tr><TD><img src=logos/fundo2.jpg width='100%' height=40></td></tr></table><table width='100%' cellspacing=0 cellpadding=0 bgcolor=#ffffff><TR><TD><BR><table width='100%' cellspacing=0 bgcolor=#ffffff cellpadding=0><tr><td align=center><BR></td></tr></table>
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