The Board of Directors of CEMIG (Companhia Energética de Minas Gerais) approved, last Thursday (7), the appointment of engineer Alexandre Ramos Peixoto to the presidency of the company. The executive will replace Reynaldo Passanezi, who had been in charge of the state-owned company since 2020.
Currently the chairman of the Board of Directors of the Chamber of Electric Energy Commercialization, Ramos will not need to observe a quarantine period to assume the new position.
Before assuming his role at CCEE, Ramos also held the position of Director of Regulation and Institutional Relations at Cemig.
In March, the executive was nominated by Minister Alexandre Silveira to remain on the Board of Directors and also assume an executive directorship at CCEE. With his move to the presidency of Cemig, Ramos will have to relinquish the executive directorship, but will remain as president of the Chamber's Board, a possibility made possible after changes to the entity's bylaws.
Despite having access to strategic information about the energy market, Ramos will not need to comply with the four-month quarantine period stipulated in the CCEE's bylaws. In a collegial meeting, the Chamber's board understood that the executive's return to Cemig constitutes a "reactivation of a pre-existing relationship," and not a new provision of services to market agents.
“The opinion concludes that the quarantine period stipulated in Article 30, §3 of the CCEE's Bylaws does not apply, considering that the eventual return of Mr. Alexandre Ramos Peixoto to Companhia Energética de Minas Gerais – CEMIG, in his capacity as a former director of CCEE, would constitute a reactivation of a pre-existing relationship, not characterizing a new provision of services to CCEE agents. However, precautions should be observed to mitigate the risks of conflict of interest,” states the minutes of the meeting held on April 29.
The CCEE Council also reinforced that the executive must preserve its institutional duties, maintaining actions aligned with the Chamber's interests and avoiding any conduct that could generate conflicts of interest or incompatibility with the responsibilities previously exercised.
The CCEE's bylaws state that elected directors must sign a commitment agreement that includes a quarantine period at the end of their term and agreement to the express prohibition against using privileged information.
"For the first 4 (four) months after their departure, Directors will be prohibited from providing, directly or indirectly, regardless of the form or nature of the contract, any type of service to CCEE Associates and companies that supply and provide services to these Associates, including parent companies, subsidiaries, affiliates or affiliates, while their respective remuneration and benefits received during their term of office will be preserved during this period," the bylaws state.
A career employee of Cemig, the executive has been at CCEE since 2023. Throughout his career in the electricity sector, he has worked at the Ministry of Mines and Energy, the National Electric Energy Agency, the Energy Research Company, and the National System Operator, focusing on issues related to energy planning, regulation, and the expansion of electrical infrastructure.
According to the new CCEE statute, the president of the Chamber's Board receives a monthly salary of R$ 43, and for the position of CEO, they receive an additional R$ 108.
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