The new board of directors of Brazilian power company Eletrobras on Friday chose former CEO Wilson Ferreira Junior to return to the job and elected former Petrobras CEO Ivan Monteiro as chairman of the board of directors, the company said in a statement.
on Friday chose former CEO Wilson Ferreira Junior to return to the job and elected former Petrobras CEO Ivan Monteiro as chairman of the board of directors, the company said in a statement.Ferreira will take office by Sept. 20, returning to the position after serving as Eletrobras' CEO from 2016 to 2021.Outgoing CEO Rodrigo Limp will stay in the company as regulations head.
The government, however, did manage to privatize Latin America's largest utility earlier this year in a 33.68 billion-real deal that paved the way for Ferreira's return to his old job.
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