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CEO of Brazil’s Eletrobras Resigns, Citing Personal Reasons

By Latin America News · January 25, 2021 · 1 min read

RIO DE JANEIRO, BRAZIL – Wilson Ferreira Jr, chief executive of Brazilian state electricity company Eletrobras, has resigned from his position citing “personal reasons”, the company said in a securities filing late on Sunday night, January 24th.

Ferreira has led Eletrobras for nearly four and a half years. His resignation comes only a month after Chairman José Guimarães Monforte announced he was resigning, also for personal reasons. ((Photo internet reproduction) — Wilson Ferreira Jr.((Photo internet reproduction)

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According to the filing, Ferreira will remain in his post until March 5, allowing Centrais Eletricas Brasileiras SA, as Eletrobras is formally known, to find a successor.

Ferreira has led Eletrobras for nearly four and a half years. His resignation comes only a month after Board Chairman José Guimarães Monforte announced he was resigning, also for personal reasons.

The government has said Eletrobras may be privatized this year, a sale which could generate up to R$20 billion (US$3.70 bilion).

CEO of Brazil’s Eletrobras Resigns, Citing Personal Reasons

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