Brazil’s Eletrobras brings again previous CEO and elects new chairman

A human being walks previous the headquarters of Brazilian electricity business Eletrobras in Rio de Janeiro, Brazil, on January 3, 2019. REUTERS/Pilar Olivares

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SAO PAULO (Reuters) – The board of Brazilian energy organization Eletrobras (ELET6.SA) on Friday elected Wilson Ferreira Junior as its new chief executive and Ivan Monteiro as its chairman.

The election will come following shareholders named a new board for the newly privatized utility company before on Friday.read through much more

Ferreira will just take business office on September 20, returning to the job following serving as Eletrobras CEO from 2016 to 2021.

Monteiro is the former CEO of the nationwide oil corporation Petrobras.

The management alter marks Latin America’s largest utility enterprise after the authorities slashed its stake in the enterprise from 72 % of voting funds to 45 per cent by means of a 33.68 billion reais ($6.51 billion) privatized share challenge. A new begin for a small business organization.browse more

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Reporting by Gabriel Araujo Writing by Brendan O’Boyle Enhancing by Kim Coghill

Our Normal: The Thomson Reuters Trust Principles.

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