Nominated by President Lula, economist Emmanoel Schmidt Rondon, former Banco do Brasil employee, assumes the state-owned company amid a serious financial crisis, with a debt of R $ 4.4 billion
Emmanoel Schmidt Rondon, an economist and career official at Banco do Brasil, took office at a ceremony reserved on Friday (26) as new president of . Nominated by the President Rondon assumes the state -owned company in place of Fabiano Silva, who resigned in July amid a serious financial crisis. The new manager’s main challenge is to reverse the company’s billionaire loss, which ended the first half of 2025 with a debt of $ 4.4 billion. The value represents an increase three times in relation to the debt registered in the previous year.
According to the breach is caused by increased e-commerce competition and the high cost of 55,000 state employees. Rondon’s predecessor tried to implement measures such as collective vacation and the change in the health plan, but the pressure led to his resignation. Rondon said the state -owned company needs restructuring and must face the new reality of e -commerce.
“Who loves, cares; and it is this unconditional love for the company and the determination to work together that will restore the pride and efficiency of the Post Office, which play a fundamental role in Brazil. I count on the support and collaboration of all to face the challenges and implement the necessary improvements,” Rondon said in his inauguration speech.
*With information from Igor Damasceno
*Report produced with the aid of AI
