Emmanoel Rondon declared that the project includes a review of governance, goals for employees and recognition for performance: ‘The course correction needs to be done quickly’
The president of Emmanoel Rondon, stated that the first phase of the state-owned company’s restructuring plan is to recover cash by March 2026. “That’s why we’ve been talking in recent weeks about raising funds,” he declared. According to Rondon, without intervention, the result would be R$23 billion in losses in 2026. “The route correction needs to be done quickly”, he highlighted,
Rondon stated that the plan includes a review of governance, goals for employees and recognition for performance. The loan of R$ 12 billion with five banks (Itaú Unibanco, Bradesco, Santander, Banco do Brasil and ), signed yesterday, “will allow compliance, recover the quality of the operation and regain confidence”, according to the company president.
Rondon said that in 2026 and 2027 the reorganization phase will be put into practice. The plan will include a review of personnel, partnerships, redesign of operations and asset management. According to the president of the state-owned company, the expectation is that this phase will have a positive impact of R$7.4 billion.
The statement was made at a press conference held this Monday, the 29th, to detail the state-owned company’s restructuring plan, which had accumulated losses of more than R$6 billion between January and September 2025 and recurring deficits since 2022, which already exceed R$10 billion.
*With Estadão Content
