Vitor Saback leaves the government to lead refined copper producer; company has debt of R $ 450 million
The Secretary of Geology, Mining and Mineral Transformation of (Ministry of Mines and Energy), left the government to assume the presidency of the largest non -integrated Brazilian producer of refined copper.
The appointment was approved by the company’s board of directors, as reported to the market published on the night of Wednesday (2.br.2025). This is a (PDF – 282 kb).
TRAJECTORY
SERVICE OF THE FEDERAL PUBLIC MINISTRY Since 2010, Saback has held prominent positions in the government. He was director of (National Agency of Water and Basic Sanitation) and special advisor to the Ministry of Economy in the management of Paulo Guedes.
He also occupied a chair in the board of directors, but will not be reappointed in the next election. The Union the executive Fernando Coura, representative of the mineral sector of Minas Gerais, to run for the place in the state shareholder assembly scheduled for April 16.
CHALLENGES
Paranapanema has faced financial difficulties and has been undergoing judicial recovery since 2022, when it was a debt of $ 450 million. The company’s presidency was vague since January, after the departure of, which remained 3 months in office.
The post was being busy interimly for, who follows as a financial and investor relations director, conducting negotiations with creditors.
Paranapanema is listed at (São Paulo Stock Exchange) and has 10% of its actions under control. Another 5% belong to, while the rest is distributed between funds and individual investors.
Read more:
