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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 |
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Flávio Ernesto Zarzur | Chairman | 04/25/2025 - 2027 General Assembly |
Mr. Flavio has been an effective member of our board of directors since August 14, 2020. Mr. Flavio Zarzur was also one of the founding shareholders of EZ TEC Engenharia and has been an executive officer of Eztec Engenharia for the last 28 years. Mr. Flavio Zarzur was born on August 2, 1957 and holds a degree in Civil Engineering from Fundação Armando Álvares Penteado – FAAP.
Samir Zakkhour El Tayar | Vice-Chairman | 04/25/2025 - 2027 General Assembly |
Mr. Samir has been vice-chairman of the Board of Directors since March 3, 2007. Mr. Samir has a degree in Accounting and Commerce in Beirut, Lebanon, and his professional experience is based on 13 years in the textile trade as an owner director and 38 years with real estate development, being a managing partner of Eztec between 1979 and 2007. In the last 5 years, with the exception of exercising the position of member of the Company’s Board of Directors, Mr. Samir did not perform any activities in the Company or in its affiliates and subsidiaries.
Silvio Ernesto Zarzur | Board member | 04/25/2025 - 2027 General Assembly |
Since 05/12/2020, he has held the positions of Vice-President Director, Incorporation Director and New Business Director. Mr. Silvio is also the founding partner of Companhia and held the position of Director of Eztec Técnica Engenharia e Construção Ltda. for 28 years. Mr. Silvio was born on June 7, 1959 and holds a degree in Civil Engineering from Universidade Presbiteriana Mackenzie. He was elected Effective Member of the Board of Directors on April 26, 2013.
Marcos Ernesto Zarzur | Board member | 04/25/2025 - 2027 General Assembly |
Mr. Marcos has been the Company’s Commercial Director since March 3, 2007, Chief Executive Officer between May 7, 2015 and May 4, 2017 and Effective Member of the Board of Directors since April 26, 2019 with a mandate of two years. Mr. Marcos was born on May 7, 1965 and began his professional activities at EZ in 1986 in the Commercial area until reaching the position of Director.
Nelson de Sampaio Bastos | Board member | 04/25/2025 - 2027 General Assembly |
Mr. Nelson has been an independent member of our board of directors since May 16, 2007. Mr. Nelson was born on November 24, 1942. He holds a degree in Mechatronic Engineering from the Escola Politécnica da Universidade de São Paulo. His experience includes working as president of Brasil Ferrovias for approximately four years, as well as president of Gevisa. He was vice president for strategy and finance of Grupo Villares until 1995. Between 2004 and the middle of 2006, he was chairman of the Executive Committee of Parmalat Brasil, S.A. Previously he was chief executive of Rezende Alimentos, a member of the board of directors of Gradiente, Livraria Siciliano, Alcoa Brasil, Telemig Telenorte Celular and Varig. Currently Mr. Nelson is a member of the board of directors of Santal and Agrenco. Also, Mr. Bastos is member of the Brazilian Institute of Corporate Governance (Instituto Brasileiro de Governança Corporativa), or IBGC.
Anis Chacur Neto | Board member | 04/25/2025 - 2027 General Assembly |
Graduate in Business Administration at Fundação Armando Alvares Penteado in 1983, Anis served as CEO of Banco ABC Brazil from 2010 until 2020, leaving the role in 2021 to join the Bank’s Board of Directors as Vice-Chairman. His career has developed in financial institutions since 1983, having accumulated over 30 years of experience. He joined Banco ABC Brasil in 1991 as a member of ABC Brasil executive committee. Throughout the years was responsible for various business units, such as Corporate, Financial Institutions, Debt Capital Markets, Credit Analysis and Risk. He has a role in the local bank market, being President of ABBI, Brazilian International Bank Association, Executive Director of Febraban and Board Member of Febraban, the Brazilian Federation of Banks.
Juliana Salvador Ferreira de Mello | Board member | 04/25/2025 - 2027 General Assembly |
She holds a Master’s degree in Business Administration from the Federal University of Minas Gerais. She has worked professionally for over 25 years, the last 15 years as the main business executive in the areas of Education and Strategic Consulting for People and Business Development, with responsibility for expansion projects, turnaround, leadership in Change Management processes. She was a Senior Partner at BTA – Betania Tanure Associados and was responsible for major organizational development and transformation projects with a focus on increasing performance and commercial actions.
She is Director of People and Culture at Grupo Aterpa, focusing on retaining and developing strategic talent and teams, managing people and HR subsystems, strengthening and managing Organizational Culture and ESG. She is a member of the Compliance Committee of the Aterpa Group 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.

04/28/2025 - 2027 Shareholders' Meeting
Silvio Ernesto Zarzur
Chief Executive Officer
Re-elected by the AGM on April 27, 2023 as a member of the Board of Directors, with the first term starting on April 26, 2013. Mr. Silvio is a founding partner of Eztec and is currently an effective member of the Board of Directors and Director President of the Company, in addition to having held the positions of Commercial and Incorporation Director in the past. Mr. Silvio was born on June 7, 1959 and has a degree in Civil Engineering from Universidade Presbiteriana Mackenzie.

04/28/2025 - 2027 Shareholders' Meeting
Flávio Ernesto Zarzur
Vice President Director
Mr. Flávio is the founding partner of Eztec Group and held the position of Executive Officer of Eztec Técnica Engenharia e Construção Ltda. for 28 years. Mr. Flávio, born on August 2, 1957, is graduated in Civil Engineering by Fundação Armando Álvares Penteado – FAAP. On April 26, 2013, Mr. Flávio was elected a member of the Board of Directors of Eztec. Mr. Flávio currently holds a position on the board of directors of ABRAINC – Brazilian Association of Real Estate Developers. He’s also the Chief Executive Officer and Chief Financial Officer at EZ INC.

04/28/2025 - 2027 Shareholders' Meeting
Marcelo Ernesto Zarzur
Vice-President Director and Commercial Director
Mr. Marcelo is the Company’s Commercial Director and Vice-President Director, in addition to having held the positions of Technical Director and Real Estate Operations of the Company in the past. Mr. Marcelo was born on December 25, 1963 and began his professional activities at Eztec in 1989, working in the Engineering area until reaching the position of Director. Mr. Marcelo graduated in Civil Engineering from the Faculty of Engineering São Paulo.

04/28/2025 - 2027 Shareholders' Meeting
Mauro Alberto
Chief Administrative Officer
Mr. Alberto has been our chief administrative officer since March 3, 2007. Mr. Alberto was born on June 1, 1955, and joined Eztec Engenharia in 1986, working in the administrative and financial area before reaching the position of executive officer of that company. He holds a degree in mechanical engineering from Fundação Armando Alvares Penteado – FAAP from which he graduated in 1980.

04/28/2025 - 2027 Shareholders' Meeting
Roberto Mounir Maalouli
Legal Officer
Mr. Roberto Mounir Maalouli is the Chief Legal Officer since May 6th, 2013. Born on October 17th, 1982, Mr. Maalouli graduated as a lawyer at the Metropolitanas Unidas University in 2005 and concluded his post-grad in business law at the FGV/SP university in 2009. Mr. Maalouli joined Eztec in 2003 and has been the Company´s Legal Manager from 2009 to 2013.

04/28/2025 - 2027 Shareholders' Meeting
Silvio Hidemi Iamamura
Chief Real Estate Operations Officer, New Business Director, and Development Director of the Company
Mr. Silvio Hidemi Iamamura began his activities at Eztec on June 27, 2007 as Superintendent of Incorporation and is currently the Company’s Director of Real Estate Operations, New Business and Incorporation. In the past, he worked at Quota Empreendimentos Imobiliários, a company not belonging to the Eztec economic group, for 9 years. Born on July 9, 1968, Mr. Silvio graduated in Architecture from the University of Guarulhos.

04/28/2025 - 2027 Shareholders' Meeting
Antônio Emílio Clemente Fugazza
Chief Financial Officer and IR Officer
Mr. Fugazza has been Eztec’s CFO and Investor Relations Officer since May 9, 2008, having joined the Company in December 2007 as Planning Officer, a post he retained until June 2008. Previously, Mr. Fugazza was a founding partner of Grupo Anlisy’s Consultoria e Planejamento, which specializes in civil engineering, serving as the group’s CEO. He was born on June 13, 1974, in São Paulo and holds a bachelor’s degree in civil engineering with a specialization in building systems. He also was a professor at São Carlos Federal University.

04/28/2025 - 2027 Shareholders' Meeting
Silvio Luiz Gava
Technical Director
Mr. Silvio Gava has been the Company’s Technical Director since August 2023. He holds a degree in Civil Engineering from Universidade Presbiteriana Mackenzie (1994), a degree in Data Processing from Instituto Tecnológico de Osasco (ITO), a post-graduate degree in Business Management from FIA-USP, an MBA in Real Estate Business from FAAP and a post-graduate degree in Business and Enterprise Management from USP. With more than 30 years’ experience in the construction sector, he has worked as Statutory Executive Director (Even), Vice President of Operations (MRV) and in various other positions throughout his career, including 12 years at Gafisa. He has also carried out several projects in more than 150 cities and has participated in the delivery of more than 75,000 housing units, 95% of which are in the MCMV program, and has built more than 3.4 million square meters.
Composição Acionária
Timeline