Eletrobras shareholders approve new board members after privatization

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By Rodrigo Viga Gaier

RIO DE JANEIRO (Reuters) – Eletrobras shareholders approved at a meeting on Friday new board members of the power company following its privatization, with a mandate until 2025.

The statement confirms information previously released by Reuters based on a source familiar with the matter.

The election of the single list had 863,062,077 votes in favor, 139,834,888 against and 55,036,169 abstentions.

Among those elected are well-known personalities of the market, such as Ivan Monteiro, former president of Petrobras; Carlos Augusto Leone Piani, former president of Equatorial Energia; and Marisete Dadald Pereira, former executive secretary of the Ministry of Mines and Energy.

The company stressed that the inauguration of Piani is conditional on his resignation from the positions held by him in companies that can be considered competitors, Equatorial Energia and Vibra Energia.

The current president of Light, Octavio Cortes Pereira Lopes, is also part of the list of those elected.

Two others approved have already been on the board of Eletrobras in the past: the management specialist Vicente Falconi and the lawyer Marcelo Gasparino.

Three directors who resigned shortly after the privatization of the company returned to the board to form a new slate: Daniel Alves Ferreira, Felipe Vilela Dias and Marcelo de Siqueira Freitas.

Pedro Batista de Lima Filho, partner of 3G Radar operator, one of the main shareholders of Eletrobras, was elected separately by the preferred shareholders. His election had 139,438,559 votes in favor, 613,880 against and 5,451,125 abstentions.

The election of the new college represents an important step in Eletrobras’ transition from a state-owned company to privately run. The expectation is that the directors will also promote changes in the company’s board of directors.

Source: Terra

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