Eztec - Eztec

Our history

Engineering, construction, and real estate development activities under the Eztec brand began on February 15, 1979, when the founding shareholders of the Company, Mr. Ernesto Zarzur, Mr. Flávio Ernesto Zarzur, and Mr. Silvio Ernesto Zarzur, established Eztec Engenharia. Since then, Eztec’s activities have been conducted through operational companies owned and managed by the Company’s founding shareholders, who remain in the management of their businesses to this day, and through holding companies within its operational group.

Headquartered at Avenida República do Líbano, 1921, in the city of São Paulo, State of São Paulo, it has been listed on the Novo Mercado since June 21, 2007, on the Stock Exchange, Commodities and Futures – B3 S.A. – Brazil, Stock Exchange, Over-the-Counter Market, with its shares traded under the ticker “EZTC3.”

In 2019, based on the perception of the gradual recovery of the economy and the sector, specifically in the city of São Paulo, a follow-on of the Company’s shares was conducted with the aim of raising funds to enable the acquisition of land to expand the Company’s land bank in a heated market. The offering injected BRL 941 million into the Company.

Since 2020, the Company has been dealing with the challenges and changes caused by the global COVID-19 pandemic and its impacts, particularly on the supply chain, inflation on construction inputs, and the effect of the SELIC rate on financing rates.

Consequently, the Company has been working with a lower volume of launches than expected from the 2019 offering, limiting the acquisition of new land, expanding its sales strategies, investing, for example, in the creation of Mega Stores and various promotional campaigns focused on reducing its inventory, and leveraging its solid capacity to finance its clients internally.

In 2022, the Company signed a joint venture with Construtora Adolfo Lindenberg (CAL), with whom it had partnered at the project level since 2010. This joint venture launched eight buildings in six projects between 2023 and 2024, resulting in a total PSV of R$2.3 billion (100%). Finally, this partnership resulted in the Company subscribing to new CAL shares, taking joint control through a shareholders’ agreement signed in Dec/24.

Our founder

Ernesto Zarzur started his professional life as a real estate broker. And he ended up as one of the most successful businessmen in the country’s history. Founder, controller and chairman of the Board of Directors of EZTEC, a real estate developer focused on high-end residential and commercial properties in Greater São Paulo, Ernesto Zarzur had a reserved profile. But he was extremely warm to everyone.

Upon arriving at the Company’s headquarters every day to work, “Seu” Ernesto, as he was affectionately called, walked around the rooms greeting employees with a kiss on the cheek. He told everyone that one of his biggest goals was to create a legacy for the city he loved so much, São Paulo, constructing buildings that could turn into postcards.

Born on February 28, 1934, he was the son of Lebanese immigrants. In the few interviews he gave, laughing he told “I had everything to go wrong in life”. After a health problem, he dropped out of school and learned to read and write at home with his mother.

At the beginning of his adult life and already married to “Dona” Esther, with whom he lived until his death, he started working as a real estate brooker for his brother Waldomiro at Construtora Zarzur & Kogan. But soon he began to undertake. In 1967, he founded Vilamar Veículos SA, a General Motors car dealer of Brazil.

The enterprise was successful, but the business man really liked to build and sell his properties. The first building incorporated and built by him was named Marcelo, in honor of one of his sons, on Rua Teodoro Sampaio, in Pinheiros. In 1979, he founded Eztec, today one of the most respected real estate developers in the country, which, since 2007, has its shares traded on the Novo Mercado of B3.

One of the mantras of “Seu” Ernesto, starting from the company’s IPO, was: “Minorities shareholhers first, minority shareholders second, minority shareholders third”. Until recently, the real estate developer held an annual face-to-face meeting with shareholders. Dozens of minority shareholders from various regions of the country attended and made a point of greeting him.

The businessman had great business gift and passed through all the economic crises, including worldwide ones, knowing what had to be done to preserve the company’s financial health and the interests of those who trusted him.

Ernesto Zarzur loved to work. In addition to daily visit the company’s headquarters, he used to visit the construction works. But he never referred to himself as a businessman. “What I really am is a estate brooker, and with great pride. I love selling,” he would say, beating his chest in pride. He visited the selling stands on Saturdays and Sundays, encouraging the brokers to close good deals.

“Seu” Ernesto had some famous catchphrases. One of them was: “I only build where my eyes can see or where I can get on foot”. It was true. This vision allowed the developer to inspect the works step by step, guaranteeing the quality and profitability of Eztec’s projects.

Although he never studied neither engineering nor architecture, he demanded the utmost in good taste and technology from the professionals participating in the projects. And he managed to fulfill his dream of leaving postcards for the city, always motivated by the idea that “It’s not about just building square meters, it’s about transforming São Paulo into a city of beauty”.

His greatest pride is the EZ Towers, on Avenida Chucri Zaidan, in the south zone of São Paulo. The project represents an important milestone for its design, technical and sustainability standards, with two towers and a total of 160,000 square meters of built area. The new architectural milestone he idealized for São Paulo is Esthers Towers, at Chácara Santo Antônio, which will be completed in 2024 and was named in honor of his wife. These projects, as well as many others, attest to the visionary look of “Seu” Ernesto, a man whose constructions were always ahead of his time.

The entrepreneur Ernesto Zarzur passed away in São Paulo at the age of 87, of natural causes, under the care of his beloved wife, Esther, with whom he was married for 65 years.

He leaves his sons and daughter Flavio, Silvio, Silvana, Marcelo, Marcos and Anna Lúcia, 17 grandchildren and 8 great-grandchildren. To the family, we express our deepest feelings of condolence and dedicate our gratitude for all the legacy that Ernesto Zarzur left us.

Leadership

Board of Directors

Eztec´s board of directors is dedicated to providing the Company´s overall strategic guidelines and, among other things, is responsible for establishing the Company´s general business policies and for electing its executive officers and supervising their management, and is also responsible for the appointment and dismissal Eztec´s independent auditors.

The directors will have a unified term of two years, and may be re-elected and removed at any time. The directors must also sign, prior to their investiture in the position, the consent form of the managers, provided for in the Novo Mercado Regulation.

Meetings of the board of directors are usually held once a month, and on an extraordinary basis whenever called by the chairman or vice-chairman. All decisions of the board of directors are taken by majority vote of the members attending the meeting, and the chairman has the casting vote in case of a tie in any voting.

Member	Office	Mandate

Elected Chairman of the Board of Directors at the Annual General Meeting held on April 25, 2025, with the first term beginning on August 14, 2020. A founding partner of the Company, Flávio also serves as Vice President Officer. He is currently a member of the Board of Directors of ABRAINC — the Brazilian Association of Real Estate Developers.

Re-elected at the Annual General Meeting held on April 25, 2025, Mr. Samir has held the position of Vice Chairman of the Board of Directors since March 3, 2007. He holds a degree in Accounting and Commerce from Beirut, Lebanon. His professional experience includes 13 years in the textile trade as Managing Partner and 39 years in the real estate development sector, having served as Partner-Director of EZTEC from 1979 to 2007.

Re-elected as a member of the Board of Directors at the Annual General Meeting held on April 25, 2025, with the first term beginning on April 26, 2013. A founding partner of EZTEC, he currently also serves as the Company’s Chief Executive Officer. He previously held the positions of Commercial Director and Development Director. He holds a degree in Civil Engineering from Universidade Presbiteriana Mackenzie.

Re-elected as a member of the Board of Directors at the Annual General Meeting held on April 25, 2025, with the first term beginning on April 26, 2019. Mr. Marcos has previously served as Commercial Director, Chief Executive Officer, and Board Member in earlier terms at the Company. Born on May 7, 1965, Mr. Marcos began his professional career at EZTEC in 1986, working in the Commercial area until reaching the position of Director.

Re-elected at the Annual General Meeting held on April 25, 2025, Mr. Nelson has served as an independent member of the Company’s Board of Directors since May 16, 2007. Born on November 24, 1942, Mr. Nelson studied at the Polytechnic School of the University of São Paulo. His professional experience includes serving as President of Brasil Ferrovias (Ferronorte and Ferroban, railway sector) for approximately four years, as well as President of Gevisa, a locomotive manufacturer. He was Vice President of Strategy and Finance at the Villares Group until 1995 (a manufacturer of elevators, industrial equipment, special steel, among others). Between 2004 and mid-2006, he chaired both the Board and the Executive Committee of Parmalat Brasil S.A. (food industry), and later served as CEO of LBR Lácteos do Brasil S.A. (dairy products). Previously, he was the CEO of Rezende Alimentos and a member of the Boards of Directors of Indústrias Villares S.A., Aços Villares S.A., Gradiente (consumer electronics), of which he was a founder, Livraria Siciliano, Alcoa Brasil (aluminum), Telemig and Telenorte Celular (telecommunications), Varig (airline), Santal, and Hopi Hari (theme park). Additionally, he has stood out as a senior partner at IVIX Value Creation (financial advisory firm). Mr. Nelson is considered an independent board member of the Company in accordance with the criteria set forth in the Novo Mercado Listing Rules.

Re-elected as an independent member of the Board of Directors at the Annual General Meeting held on April 25, 2025, with the first term beginning on April 29, 2021. Mr. Anis Chacur holds a degree in Business Administration from Fundação Armando Alvares Penteado (FAAP), earned in 1983. He served as CEO of Banco ABC Brasil from 2010 to 2020, when he stepped down to become Vice Chairman of the Board of Directors. Mr. Anis built his career in financial institutions starting in 1983, accumulating over 30 years of experience in the sector. In 1991, he joined Banco ABC Brasil as a member of the executive committee and, over the years, was responsible for several areas of the bank, including Risk, Corporate Banking, Financial Institutions, Debt Capital Markets, and Credit Analysis. Mr. Anis has also served as President of ABBI (Brazilian Association of International Banks), as well as Executive Director and Board Member of Febraban (Brazilian Federation of Banks). He currently serves on the Board of Directors of Hospital Sírio-Libanês and of ACTC – the Association for Children with Heart Transplants.

Elected as a full independent member of the Board of Directors at the Annual General Meeting held on April 25, 2025. She holds a Master’s degree in Business Administration from the Federal University of Minas Gerais (UFMG). With over 25 years of professional experience, the last 15 years were spent as a senior business executive in the fields of Education and Strategic Consulting for People and Business Development, overseeing expansion projects, turnarounds, and leading Change Management processes. She was a Senior Partner at BTA – Betania Tanure Associados, where she led major organizational development and transformation projects focused on performance improvement and commercial initiatives. Her professional background also includes serving as People and Culture Director at Grupo Aterpa, with an emphasis on the retention and development of strategic talent and teams, people management and HR subsystems, strengthening and managing Organizational Culture and ESG practices. She also served as a member of the Compliance Committees of both Grupo Aterpa and Consolare.

Executive Officers

Eztec’s Executive Officers are its legal representatives, mainly responsible for the day-to-day management of the Company and for the implementation of the general policies and guidelines established by the Board of Directors. Up to one third of the members of Eztec’s Board of Directors may be elected to the position of Officers.

The Company’s Bylaws provide that the Board of Executive Officers will be composed of at least five and at most ten directors. The Officers are elected by the Board of Directors for a term of office of two years, and may be re-elected and removed at any time.