THE INSTITUTE
Governance
Team

Heloisa Oliveira
Chief Executive Officer
Heloisa Oliveira is the CEO of Instituto Opy de Saúde.
She holds a bachelor’s degree in Economics from UNICEUB in Brasília (Federal District), she has an Executive MBA from the Administration Institute Foundation (FIA/USP) and a specialization degree in Corporate Governance from the Accounting, Actuarial, and Financial Research Institute Foundation (FIPECAFI/USP). With a career spanning more than 20 years dedicated to social causes, Oliveira worked in several areas of Banco do Brasil in executive positions, including the Presidency of Fundação Banco do Brasil. She served as the CEO of Fundação Abrinq for nine years and was also Director of Institutional and Governmental Relations at Fundação Maria Cecilia Souto Vidigal for two years. Oliveira also has broad experience in defending Human Rights before the National Congress, especially the rights of children and adolescents, by improving and approving laws and enhancing public policies. Over the last few years, Oliveira has also served as a member of the Board of Directors of companies and non-governmental organizations. She was also a member of the National Council for the Rights of Children and Adolescents and the National Commission for SDGs Implementation.

Andréia Lavelli
Project and Operations Coordinator
Andréia Lavelli is Project and Operations Coordinator at Instituto Opy de Saúde.
She is a social worker with an undergraduate degree from São Caetano do Sul Paulista School of Social Service and holds a postgraduate degree in Psychopedagogy and Management of Social Projects and Public Policies. She has broad experience in the social area, including planning, implementation, management, and evaluation of social programs and projects focused on health, education, and protection. Lavelli was coordinator of the special protection area at Fundação Abrinq for 11 years and worked as a coordinator of social projects in civil society organizations, such as the Association of Parents, Friends, and People with Disabilities, the Association of Banco do Brasil Employees and the Community.
Board of Directors

Mateus Renault
Chairman of the Board
CEO of Opy Health
Operating Partner and Director on the Operations team at IG4 Capital
Mateus Renault is the CEO of Opy Health and serves as Operating Partner and Director on the Operations team at IG4 Capital, bringing solid experience in New Business and corporate restructuring.
Prior to assuming his current position, he had a distinguished career at Iguá Saneamento, where he remained for over six years, holding strategic positions, most recently as Executive Director of New Business, Transformation, and ESG (C-level). Renault led the company's growth efforts, which resulted in winning major auctions in the sector; he was responsible for managing efficiency improvement projects that raised the company's profitability level; and he led Iguá on its journey to be recognized among the operators with the best ESG practices in the sector.
Mateus Renault holds an MBA from the Yale School of Management and a Bachelor's degree in Economics from the Universidade de Brasília. With a solid career in the financial market and management, his professional path has been marked by leadership in transformative projects and the ability to implement strategic changes across different sectors, consolidating his position as an agent of innovation and sustainable growth.

Felipe Rodrigues Tonetti
Director
CFO of OPY Health
Felipe Tonetti is the CFO of OPY Health, a leading hospital infrastructure management platform in Brazil. With over a decade of experience in private equity and infrastructure, he has worked at GP Investments, BRF, and IG4 Capital, where he held leadership positions and developed strong expertise in infrastructure investments in Latin America. He was also a board member at CLI Logística. Today, he leads the financial and new business departments at OPY, a pioneering company in the management of healthcare and education PPPs (Public-Private Partnerships), operating in projects linked to the public network and partnerships with institutions such as Hospital Albert Einstein.

Gema Esteban Garrido
Director
Global Director of Sustainability at IG4 Capital
Gema Esteban Garrido is the Global Director of Sustainability at IG4 Capital. She is a member of the board and the Investment Committee at IG4 Capital, and she chairs the Sustainability and Strategy Committees of portfolio companies: IGUA Saneamento (sanitation), OPY Health (healthcare infrastructure), CLI (agrologistics), AENZA (infrastructure), and ADELCO (B2B e-commerce). She was also a board member of AENZA, S.A.A. (Peru) and IG4 Inversiones Logísticas (Chile). Additionally, she serves as a senior advisor to Georgeson.
Prior to IG4 Capital, she worked for several years at Telefónica, most recently as Global ESG Director. Previously, she held various executive roles at Telefónica, including Corporate Strategy, Office of the Chairman & CEO, Global Operations Strategy, and Strategic Business Planning. Before that, she held leadership positions at British Telecom and in the software industry.
She holds advanced executive management education from IESE Business School, a degree in Investment Management from the University of Geneva, and a Bachelor's degree in Computer Science from the Universidad Pontificia de Salamanca in Madrid, among other qualifications. She also holds certifications in ESG Investing and Climate Investing from the CFA Institute UK. She is a Senior Fellow of the Corporate Governance Center at ESADE and a member of the International Advisory Committee for Private Equity, PRI (UN Principles for Responsible Investment). Trilingual in English, Portuguese, and Spanish.

Márcia Maria Tavares Machado
Director
Public Health Specialist
She holds a Bachelor's degree in Nursing from the Universidade Federal do Ceará (1985), a specialization degree in Public Health Nursing from the Universidade Federal do Ceará (1987), a Master's degree in Public Health from the Universidade Federal do Ceará (1999), and a PhD in Public Health Nursing from the Universidade Federal do Ceará (2006). She is currently a chief scientist fellow at the Fundação Cearense de Apoio ao Desenvolvimento Científico e Tecnológico (FUNCAP) and a public servant at the Universidade Federal do Ceará, serving as a Full Professor in the Department of Community Health at UFC (2025). She has experience in the field of Collective Health, with an emphasis on Women's and Children's Health, focusing mainly on the following topics: child health, collective health, evaluation, breastfeeding, and qualitative research. Research Productivity Fellow (PQ/CNPq 2A). Coordinator of the Maternal-Child and Youth Health Research Group of Ceará, registered with CNPq.
