Livia Afonso

> Reporting directly to the Head of Latin America. > Responsible for accounting, finance, and tax operations in Brazil, leading a team of 13 people, and a member of the Administrative Committee for operations in Argentina. > Ensured compliance with accounting practices in Brazil and Argentina, including IFRS, by managing accounts receivable, accounts payable, treasury, billing, receiving, taxes, accounting, and internal controls teams. > Key responsibility and achievement: successfully managed strategies related to tax recovery, delivering positive results over the past three years. > Managed and developed cross-functional and multicultural teams by creating strategic programs for continuous development and team integration within the group's business support areas: • Annual strategic planning; • 100% Involvement; • Inspiring Leaders; • DEEP: Diverse Experience Employee Program. > Provided direct support to industrial and commercial/sales directors, actively participating in financial information analysis and discussions related to planning and strategic projects. > Responsible for the Shared Services Center (CSC) located in Poland and India, focusing on accounts receivable, accounts payable, and accounting, ensuring service efficiency and quality for Brazil. > Managed internal and external audits in Brazil. > Financial and Accounting Director at Vicking Prev do Brasil, appointed by the Board of Directors, providing managerial support to the presidency and the deliberative and fiscal boards to facilitate decision-making. > Member of the Brazil WIN (Women’s Inclusion Network) Committee, supporting activities that promote gender equity and reinforce everyone's role in building a more balanced, inclusive, and diverse world. > Member of the Risk Committee for Volvo Group companies in Brazil, guiding mitigation actions. > Member of the Statutory Committee of Volvo Construction Equipment, leading actions directly impacting the entity’s financial and tax compliance.

> Financial lead for operations in Brazil, Peru, Colombia, and Argentina, managing a team of approximately 55 indirect reports and 7 direct coordinators. Average annual revenue of USD 200 million. > Reported to the Global Controller. > Ensured compliance with accounting practices, IFRS, and US GAAP by managing teams responsible for accounts receivable, accounts payable, treasury, billing, receiving, taxes, accounting, and internal controls (SOX). > Key responsibility and achievement: Led the definition of annual working capital strategies to ensure optimal financial resource management in the region, aligned with HQ objectives and aimed at maximizing financial resources for the entities, achieving positive results over two years. > Provided direct support to the industrial management and commercial board, actively participating in financial analysis and discussions on strategic projects. > Responsible for tax planning and management of tax litigation. > Managed internal, external, and SOX audits. > Member of the COVID-19 Crisis Committee, contributing to the swift implementation of actions such as remote work and safety procedures without operational impact.

> Actively participated in the acquisition of GE by ABB. > Direct leadership of 4 collaborators, in addition to the shared services team located in Monterrey, Mexico. > Key responsibility and achievement: Ensured the transition/handover process for the most significant accounting, financial, and tax impacts, with the goal of minimizing business disruptions and ensuring compliance during the acquisition process.

> Financial lead for operations in Brazil, Peru, Argentina, and Mexico, with an average revenue of USD 400MM/year. > Reported to the global controller. > Responsible for ensuring compliance with legal requirements, integrity of financial statements, and managing tax and costing activities, serving as a reference for statutory standards, IFRS, and US GAAP matters. > Oversaw the complete implementation and handover of the SSC in Mexico, ensuring the transfer of process activities related to accounts receivable, accounts payable, accounting, and treasury to maintain efficiency and service quality. > Responsible for balance sheet analysis, discussions with the global controller, and managing internal and external audits. > Strong focus on problem-solving to ensure compliance with applicable regulations, while redesigning processes to improve performance and meet business needs.

> Head of Finance for operations in Brazil, reporting to the Latin America Manager, leading a team of 4 collaborators. > Actively participated in budget management and defining criteria for results projections and balance sheets. > Led monthly meetings with the HQ team to review forecasts and analyze variances between actual and planned results. > Strong focus on problem-solving to ensure compliance with applicable regulations, while redesigning processes to improve performance and meet business needs. > Olympics Project 2014: Supported the commercial team in assessing the feasibility of contracts and projects, including business reviews with legal, commercial, and manufacturing teams, successfully delivering outcomes. > Fully implemented and handed over the SSC located in Mexico, responsible for accounts receivable, accounts payable, accounting, and treasury, ensuring efficiency and service quality. > Provided financial oversight for commercial contract reviews, including price negotiations, payment terms, cash flow analysis, and tax impact assessments. > Conducted weekly analysis and monitoring of sales metrics and contribution margins, discussing findings with the global team.

> Managed the Controlling operations in Brazil, reporting to the CFO, overseeing a team of approximately 30 direct and indirect collaborators. > Directly managed processes to ensure compliance with IFRS and US GAAP standards, including reconciliations, accounts receivable, accounts payable, billing, collections, costing, monthly closing, and system maintenance for data consistency. > Focused on executing strategic Controlling processes aimed at supporting both internal and external clients, ensuring accuracy and GAAP compliance in reported information. > Acted as a technical advisor to the business, providing guidance and clarifying new regulatory GAAP rules and internal accounting policies. > Designed, initiated, and handed over the Shared Services Center (SSC) located in Mexico, responsible for accounts receivable, accounts payable, accounting, and treasury, ensuring efficiency and service quality. > Conducted balance sheet analysis, managed internal and external audits, and handled the disclosure of statutory financial statements, including "Sped Contábil" and "FCONT." > Managed system improvements and automation projects, including simplification and integration initiatives.

> Coordinated operations in Brazil, reporting to the Controller, leading a team of 6 members in accounting, CAPEX, and internal controls. > Operationally responsible for BR GAAP accounting, including deferred tax calculations and IFRS vs. BR GAAP reconciliation, as well as IFRS accounting. > Led the project to implement international accounting standards (Law 11.638/2007), with technical responsibility for statutory financial statements, including "Sped Contábil" and "FCONT." > Directly responsible for managing internal and external audits. > Oversaw internal controls, ensuring compliance with Segregation of Duties (SoD) processes. > Managed investment controls and metrics for industrial operations (CAPEX). > Collaborated with other departments to implement "Lean Thinking" methodology.

> Developed external audit engagements in Accounting and Finance, as well as internal control validation for major companies in sectors such as Banking, Mining, Food, Manufacturing, Heavy Construction, and Highway Concessions, including publicly traded companies regulated by the Brazilian Securities Commission (CVM). > Responsible for fieldwork, ensuring time and task management, and providing constant feedback to clients and Deloitte managers. Supported procedural analyses, highlighting potential accounting risks. > Assisted in the preparation of financial statements, internal control letters, and reports.