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The president of Eletrobras (Centrais Elétricas Brasileiras S / A), Wilson Ferreira Junior, resigned from his position for personal reasons, according to a company statement delivered to shareholders and the market on Sunday night (24).
According to the statement, he will remain in office until March 5, which will allow the transition to the successor.
The name of the next president has yet to be announced.
Signed by the financial and investor relations director of Eletrobras, Elvira Cavalcanti Presta, the statement thanks Ferreira “for his recognized leadership in the organizational and financial restructuring of the Eletrobras System during his term of 4.5 years.”
According to the company, during his tenure, the gains were historic, the leverage was reduced to levels compatible with the generation of cash and there was a reduction in operating costs with the privatizations of distributors and efficiency programs.
He is also appointed as responsible for resuming the works that are in arrears, simplifying the amount of equity participations, improving the compliance program, standardizing the statutes and resolving disputes in the United States arising from the effects of the Lava Jato operation.
Investors will participate in a teleconference this Monday, at 3 pm, with the presence of Ferreira.
The state-owned company is responsible for operating around a third of the generation capacity and half of the power transmission network in Brazil.
In December, after Minister Paulo Guedes (Economy) expressed his frustration with the privatization agenda, his portfolio released a schedule in which the government was forecast to divest in nine federal companies in 2021. Among them is Eletrobras .
The sale is one of the main challenges of the government of Jair Bolsonaro (without a party). Attempted since the Michel Temer administration, the operation has been resisted by Congress. The Union would cede control of the company after a shareholder capital increase in which the National Treasury would not participate.
