Itaú Unibanco Holding S.A. announced that Candido Bracher, who will become Chief Executive Officer replacing Roberto Setubal, will no longer be a Board member but will continue to attend the Board's meeting as an invited member. In order to fulfill his vacancy in the Board of Directors, the nominee is Marco Bonomi, the General Retail Manager until late 2016, who has reached the limit age for performing executive functions after 22 years in the company. Alfredo Villela has informed the Board that he will leave his management position in the Company.

Geraldo Carbone, who had been a Board member from 2006 to 2008 and Executive Vice-President from 2008 to 2011, was nominated for his position for the next term of office, pursuant to the provisions of the company's stockholders' agreement. Nildemar Secches has informed the Board that he will leave his management position in the company. To fill this vacancy, Amos Genish, one of the founders and a former CEO of GVT and a former CEO of Telef nica Brasil, was nominated as an independent member.

João Moreira Salles, officer of Brasil Warrant Administração de Bens e Empresas, was nominated to one of the vacancies to represent the controlling stockholders in the Board of Directors, pursuant to the provisions of the Company's Stockholders' Agreement, replacing Demosthenes Madureira de Pinho Neto, who will leave the Board.