Our history

The engineering, construction and real estate development activities under the EZTEC brand began on February 15, 1979, when the Company’s founding shareholders, Mr. Ernesto Zarzur, Mr. Flávio Ernesto Zarzur and Mr. Silvio Ernesto Zarzur founded EZTEC Engenharia, taking advantage of Mr. Ernesto Zarzur experience in the segment until that moment.

Since then, EZTEC’s activities have been carried out through operating companies owned and managed by the Company’s founding shareholders, who remain to this day in the management of its business, and by holdings of its operating group.

In July 2006, the Company began its corporate reorganization process, which consists of the creation of EZ TEC Empreendimentos e Participações SA (“EZTEC” or “Company”) and the transfer to it of assets linked to the real estate business, on October 31, 2006.  The main objective of this corporate reorganization was to create a corporate structure that would allow it to list its common shares on the Novo Mercado segment of the BM&F BOVESPA and to promote its engineering, construction and real estate development activities. On June 27, 2007, EZTEC started trading under the ticker EZTC3.

The year of 2019 was a significant year for the Company as well as for the entire sector. Approximately R$1.9 billion in PSV were launched for a guidance between R$1.5 billion and R$2 billion, representing the company’s confidence in the economic moment the country was experiencing.

Additionally, a follow-on was carried out in order to raise funds to enable the acquisition of lands to compose the Company’s landbank in the face of a heated market. The offer injected R$941 million into the Company in the second half of 2019. This context was based on the narrative of gradual recovery of the economy and the sector, specifically in the city of São Paulo.

In 2020, the launch guidance was discontinued due to the uncertainties present due to the COVID-19 pandemic. The pace of sales was impacted by the isolation measures and the economic scenario, with an expectation of a gradual increase in sales with the resumption of activities.

The land bank with approximately BRL 13 billion in projects and a net cash position of more than R$ 1 billion (partially composed of the recent follow-on) lead the Company to be confident in its positioning to start this new moment in a organized.

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.


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
Flávio Ernesto Zarzur Chairman 02/03/2022 - AUG 2023

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 EZ TEC 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 04/29/2021 - AUG 2023

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.

Nelson de Sampaio Bastos Board member 04/29/2021 - AUG 2023

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.

Mario Guy de Faria Mariz Board member 04/29/2021 - AUG 2023

Mr. Mario has been an independent member of our board of directors since May 16, 2007. Mr. Mario was born on November 16, 1943. He holds a degree in Electrical Engineering from the Industrial Engineering Department of Pontífica Universidade Católica of São Paulo, a degree in Business Administration from Universidade Mackenzie and a graduate degree in Financial Management from the Fundação Getúlio Vargas. He broadened his knowledge of electrical engineering at the Capitol Radio Engineering Institute and of business administration through courses at the Harvard Business School. His professional experience includes Philco Rádio Televisão Ltda., Arno S.A. Eletrodomésticos, Tim, Maxitel, Gradiente and FlexTronics, and the management of Springer Carrier.

Silvio Ernesto Zarzur Board member 04/29/2021 - AUG 2023

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 Ez Tec 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 04/29/2021 - AUG 2023

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.

Luiz Antonio dos Santos Pretti Board member 04/29/2021 - AUG 2023

Mr. Luiz holds a degree in Metallurgical Engineering from FAAP (Faculdade Armando Álvares Penteado). He joined Cargill in 2005, in the financial area, and assumed the presidency of the company in Brazil in 2012, also serving as President of Banco Cargill, Chairman of the Board of Fundação Cargill, Chairman of the Deliberative Council of CargillPrev and Member of the Board of Alvean , a joint venture between Cargill and Copersucar. He worked in the financial system at banks Bozano Simonsen, where he was president of the unit in Argentina, and Santander in Brazil. In the agribusiness area, he was CFO of the company ZilloLorenzetti and member of the Board of Copersucar S.A and of the Board of SANTHER S.A. He currently serves as Chairman of the Board of Directors of Votorantim Cimentos S.A, and I am on the Board of Directors of Grupo Martins e Alvean.

Anis Chacur Neto Board member 04/29/2021 - AUG 2023

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.

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.

05/05/2021 - AUG 2023

Marcelo Ernesto Zarzur
Chief Executive Officer and Chief Operating Officer

Mr. Marcelo Zarzur has been Chief Operating Officer since May 03, 2007, and accumulated the positions of Vice Executive President and Real Estate Operations Officer on August 14, 2020. Mr. Zarzur was born on December 25, 1963, and he joined EZ TEC Engenharia in 1989, working in the operations area before reaching the position of executive officer of that company. Mr. Zarzur holds a degree in civil engineering from Faculdade de Engenharia São Paulo.

05/05/2021 - AUG 2023

Silvio Ernesto Zarzur
Vice Executive President, Chief Development and New Business Officer

Mr. Silvio Zarzur was elected Vice Executive President, accumulating with the positions of Chief Development and New Business Officer. Mr. Silvio Zarzur was also one of the founding shareholders of EZ TEC Engenharia and has been an executive officer of EZ TEC Engenharia for the last 28 years. Mr. Silvio Zarzur was born on June 7, 1959, and holds a degree in Civil Engineering from the Universidade Presbiteriana Mackenzie.

05/05/2021 - AUG 2023

Flávio Ernesto Zarzur
Vice Executive President

Mr. Flávio is the founding partner of EZTEC Group and held the position of Executive Officer of EZ TEC 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.

05/05/2021 - AUG 2023

Marcos Ernesto Zarzur
Chief Sales Officer

Mr. Marcos Zarzur has been our chief sales officer since May 7, 2015. Mr. Zarzur was born on May 7, 1965, and began his professional activities with EZ TEC Engenharia in 1986, working in the sales area before reaching the position of executive officer of that company.

05/05/2021 - AUG 2023

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 EZ TEC 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.

05/05/2021 - AUG 2023

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.

05/05/2021 - AUG 2023

Carlos Eduardo Monteiro
Planning and Supply Officer

Mr.Monteiro has been EZTEC’s Planning Officer since June 2008. From 1996 to 2008 Mr. Monteiro was a supervisor of engineering in the company. From 1994 to 1996 Mr. Monteiro worked as a civil engineering in Nelson Faria Projetos e Obras and from 1991 to 1994 in Cepolina Engenheiros e Consultores. Born on July 16, 1967, in São Paulo, Mr. Monteiro has a degree in Civil Engineering from the Faculdade de Engenharia Mauá.

05/05/2021 - AUG 2023

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.

05/05/2021 - AUG 2023

Silvio Hidemi Iamamura
Director of Real Estate Operations Officer

Mr. Silvio Hidemi Iamamura started his activities at EZTEC on June 27, 2007, as Incorporation Superintendent. Before he worked at Quota Empreendimentos Imobiliários, a company not belonging to Eztec’s economic group, for 9 years. Born on July 9, 1968, Mr. Silvio holds a degree in Architecture from the University of Guarulhos.

Fiscal Council

In accordance with Brazilian Corporation Law, the Fiscal Council is a corporate body that is independent from the management and external auditors. The Fiscal Council may function on a permanent or temporary basis, in this latter case functioning during a specific fiscal year when installed at the request of shareholders representing at least 2% of the shares with voting rights, with each period of its functioning terminating at the first Shareholders’ General Meeting held after its installation.

The main responsibilities of the Fiscal Council are to audit the activities of the management, review the company’s financial statements and report their findings to shareholders. Brazilian Corporation Law requires members of the Audit Board to receive compensation of at minimum 10% of the average annual compensation of the Company’s Executive Officers. Brazilian Corporation Law also requires the Fiscal Council to be composed of at least three and at most five members, as well as their respective alternate members.

The Bylaws of EZTEC provide for a Fiscal Council installed on a temporary basis, elected exclusively at the request of the Company‘s shareholders assembled in a Shareholders‘ General Meeting. EZTEC‘s Fiscal Council is currently installed.


Membro Cargo Mandato
Paulo Chede Mattar Member of the Council 29/04/2021 – APRIL 2023
Rógerio Antônio Eduardo Abinader Alternate Member of the Council 04/29/2021 – APRIL 2023
Flavio Pedro de Moraes Nazarian Member of the Council 04/29/2021 – APRIL 2023
Antonio Carlos dos Santos Arantes Alternate Member of the Council 04/29/2021 – APRIL 2023
Luciana Doria Wilson Member of the Council 04/29/2021 – APRIL 2023
Mauricio Martelli Cardoso Alternate Member of the Council 04/29/2021 – APRIL 2023

Inventory Map 1Q22