Former Finance Minister was nominated by the Lula government to occupy 1 of the 5 seats in the inspector; Company will elect new members for advice on the 3rd Fair
Eletrobras reported that Guido Mantega gave up on holding a starting place in the company’s fiscal council, after being by the (Ministry of Mines and Energy) last month.
In a statement to the market released on Sunday (27.br.2025), Eletrobras said that a new appointment for the vacancy “will occur timely.” The Assembly of Shareholders who will elect new members to the Company’s Board of Directors and Fiscal will take place on Tuesday (29.ABR). Here’s (PDF – 249 KB) of the document.
Board of directors
For the 3 seats that the Union won in the company’s board of directors, the petista wants to accommodate 2 other allies. The former ministers of mines and energy of their first terms, Nelson Hubner and Silas Rondeau. Petrobras’ executive director of energy transition and sustainability, Mauricio Tolmasquim, was also nominated.
Eletrobras and (General Advocacy of the Union) signed in March a (Supreme Federal Court) that delivers to the Government 3 of the 10 seats in the Company Decision Committee, and 1 of the 5 seats in the Fiscal Council. Previously, the Union was entitled to only 1 seat on the former state -owned board of directors and none on the inspector.
On the other hand, the agreement suspends the obligation of Eletrobras to invest in Electronuclear. The parties will discuss in a new mediation process the Investment Plan of Completion of the Angra 3 Nuclear Power Plant and the contributions that Eletrobras should make if the government decides to continue the venture. This is the statement (PDF – 1 MB).
The case involved the constitutionality of part of the rule that authorized the privatization of Eletrobras, approved by the National Congress and sanctioned by the then president (PL).
The AGU filed a lawsuit in the Supreme Court asking for the overthrow of the law that restricts to 10% of the shares of any shareholder’s voting power in the Eletrobras board of directors.
The legal representation of the federal government claimed that the rule is unconstitutional and contradictory, as it discouraged its own private investment in Eletrobras. For the agency, the standard was exclusive to the Union, which would currently be the only shareholder with more than 10% of the company.
