Gafisa S.A. Appoints Andre Bergstein As Chief Financial Officer And Investor Relations Officer

Gafisa S.A. (Bovespa: GFSA3; NYSE: GFA), Brazil’s leading diversified national homebuilder, today announced the appointment of Andre Bergstein as Chief Financial Officer and Investor Relations Officer. Mr. Bergstein will report to Duilio Alceu Calciolari, Chief Executive Officer.

“We are pleased to have Andre Bergstein join our senior leadership team to help drive our value-creation strategy and achieve our key objectives,” commented Mr. Calciolari. “I am confident Andre’s depth of experience and knowledge of the Brazilian real estate market will be invaluable.”

Andre Bergstein brings 20 years of experience in the financial and real estate markets to Gafisa. Most recently, he was part of the Real Estate team at Plural Capital, an investment management and financial advisory services firm based in São Paulo. From 2005 through 2010, he served at Brazilian Finance & Real Estate (BFRE) as CFO and IRO for the holding company, and as CFO of Brazilian Securities, where he led several structured operations of CRI´s (MBS – mortgage backed securities) and FII´s (real estate investment funds) and was active in M&A deals for BFRE. Mr. Bergstein began his career as a financial analyst at the Icatu Bank Holding in 1993, where he tracked diverse investments in the Group. Between 1998 and 2005, he was CFO at Atlântica Residencial, a publicly traded homebuilder focused on residential projects aimed at middle and low income groups that had local and foreign shareholders.

Mr. Bergstein stated, “I am excited to join the management team at Gafisa. Gafisa is a strong, well respected leader in the Brazilian homebuilding market. I look forward to working with Duilio and the team and contributing to the Company’s future.”

Andre Bergstein, age 41, graduated from Pontifícia Universidade Católica PUC-RJ as an electrical engineer in 1993. He holds an MBA from IBMEC Rio de Janeiro.

About Gafisa

Gafisa is a leading diversified national homebuilder serving all demographic segments of the Brazilian market. Established over 57 years ago, we have completed and sold more than 1,000 developments and built more than 12 million square meters of housing, more than any other residential development company in Brazil. Recognized as one of the foremost professionally managed homebuilders, "Gafisa" is also one of the most respected and best-known brands in the real estate market, recognized among potential homebuyers, brokers, lenders, landowners, competitors, and investors for its quality, consistency, and professionalism. Our pre-eminent brands include Tenda, serving the affordable/entry-level housing segment, and Gafisa and Alphaville, which offer a variety of residential options to the mid- to higher-income segments. Gafisa S.A. is traded on the Novo Mercado of the BM&FBOVESPA (BOVESPA:GFSA3) and on the New York Stock Exchange (NYSE:GFA).

This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of Gafisa. These are merely projections and, as such, are based exclusively on the expectations of management concerning the future of the business and its continued access to capital to fund the Company’s business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Brazilian economy and the industry, among other factors; therefore, they are subject to change without prior notice.

Copyright Business Wire 2010

More from Press Releases

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

21st Century Fox Scoops Up Local News Stations

21st Century Fox Scoops Up Local News Stations

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Three-Part FREE Webinar Series

Three-Part FREE Webinar Series

March 24 Full-Day Course Offering: Professional Approach to Trading SPX

March 24 Full-Day Course Offering: Professional Approach to Trading SPX