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India

Companhia Energetica de Minas Gerais CEMIG (CMIG3.SA)

CMIG3.SA on Sao Paulo Stock Exchange

10.66BRL
14 Aug 2020
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Summary

Name Age Since Current Position

Marcio Luiz Utsch

61 2019 Chairman of the Board

Reynaldo Filho

55 2020 Chief Executive Officer, Member of the Executive Board

Leonardo Magalhaes

2020 Chief Finance and Investor Relations Officer, Member of the Executive Board

Eduardo Soares

2020 Chief Counsel and Chief Officer for Regulation, Member of the Executive Board

Dimas Costa

66 2016 Chief Trading Officer, Member of the Executive Board

Ronaldo De Abreu

55 2019 Chief Distribution Officer, Member of the Executive Board

Paulo Henriques

58 2019 Chief Generation and Transmission Officer, Member of the Executive Board

Rafael Noda

2020 CEMIGPar Director, Member of the Executive Board

Jose Joao Abdalla Filho

75 2014 Director

Cledorvino Belini

71 2020 Director

Marco Aurelio Dumont Porto

52 2020 Director, Employees Representative

Marcelo Gasparino da Silva

49 2016 Director

Antonio Junqueira

37 2019 Director

Jose Magalhaes

64 2019 Director

Romeu Rufino

64 2019 Director

Biographies

Name Description

Marcio Luiz Utsch

Mr. Marcio Luiz Simoes Utsch serves as Chairman of the Board of the Company. He has a Law Degree. Principal executive positions: Mesbla S.A. (department store): General Manager, Purchasing and Operations; Gradiente Entertainment (electronics, games): Chief Officer for Sales and Distribution Logistics. Alpargatas S.A.: Joined 1997. CEO from 2003 until retirement, age 60, in 2019.

Reynaldo Filho

Mr. Reynaldo Passanezi Filho serves as Chief Executive Officer, Member of the Executive Board of the Company. He is a graduate of the Senior Executive Program, the principal course in the Stanford University Graduate School of Business (July-August 2018); he attended the CEO course of the Getúlio Vargas Foundation in Entrepreneurial Management from March 2015 to July 2017; has a doctorate in economics from São Paulo University, 1995-2000; a master’s degree in economics from the University of Campinas, 1987-92, with distinction, for the dissertation in Industrial Organization on the subject “financial Solutions and Privatization for Brazilian Steel”; a degree in economics from São Paulo University, 1983-86 (sixth-placed in the University Entrance examination); and a degree in Law from the Pontifícia Universidade Católica of São Paulo, 1983-89. He is a member of the Brazilian Bar Association (OAB). He has wide experience in positions of senior leadership in the private sector, the financial sector and the public sector; excellence in strategy and management, with a track record of success in privatizations, restructurings and growth; solid qualification in finance and mergers and acquisitions, with profound knowledge of Latin America and infrastructure, especially electricity.

Leonardo Magalhaes

Mr. Leonardo George de Magalhaes serves as Chief Finance and Investor Relations Officer, Member of the Executive Board of the Company. He has a degree in accounting, and has been an employee of Cemig for more than 30 years. Since 2008, he has worked in the Controller’s Department, with numerous executive responsibilities in the Finance Department including accounting, tax planning, financial planning, budget, valuation of investments, cash management and forecasting of results.

Eduardo Soares

Mr. Eduardo Soares serves as Chief Counsel and Chief Officer for Regulation, Member of the Executive Board of the Company. He is a lawyer, with a career of 30 years in the profession, dedicated to the areas of infrastructure, energy, structured financings, project finance, and administrative and corporate law. He has wide experience in financial transactions, M&A, restructurings and stockholding transactions.

Dimas Costa

Mr. Dimas Costa serves as Chief Trading Officer, Member of the Executive Board of the Company. He earned a degree in Electrical Engineering from PUC Minas in 1978. From 1978 to 1980, he was an Engineer in the Water & Energy Department of Minas Gerais, where he was Division Head from 1980 to 1985. From 1978 to 1980, he worked as an engineer in the Minas Gerais Water & Energy Department. At CEMIG, in 1985-1987, he was an engineer in the Distribution Unit; from 1987 to 1995 he was assistant in the Senior Power Planning & Development Management Unit; from 1995 to 1998 he was manager of the Energy Development Department; from 1998 to 2007, manager for sales to corporate clients; from 2007 to 2010, general manager for sales to clients of the company; and in 2011 to 2013, general manager of the company for sales to the company’s clients with incentive benefits. He was formerly Director and managing partner of Ponta Energia Consultores Associados Ltda, from 2013 to 2016.

Ronaldo De Abreu

Mr. Ronaldo Gomes De Abreu serves as Chief Distribution Officer, Member of the Executive Board of the Company. Mr. Abreu elected CEMIG’s Chief Distribution and Sales Officer in June 2017, has a degree in business administration from the Management and Accounting Sciences School of UNA; a law degree from the Law School of Sete Lagoas, and an MBA in strategic and business management from the Federal University of Minas Gerais (UFMG). He joined CEMIG as an employee in 1985, and since 1994 has held management posts in the departments of Distribution and Sales, and Finance and Investor Relations. In his management career in CEMIG he has worked in areas and processes of relationships with clients, collection, management of revenue, expansion and planning of the electricity system, regulation and tariffs.

Paulo Henriques

Mr. Paulo Mota Henriques serves as Chief Generation and Transmission Officer, Member of the Executive Board of the Company. He has a degree in electrical engineering from the Federal University of Juiz de Fora, MBA from the Getúlio Vargas Foundation, and specialization in Industrial Automation Engineering from the Federal University of Minas Gerais (UFMG). His professional career began at CEMIG in 1987, where he worked as General Manager for Transmission in Belo Horizonte from 2004 to 2007, and was responsible for the technical, financial and administrative management of the assets of substations and transmissions lines of ultra-high voltage belonging to the national grid, and other transmission facilities. He was General Manager, Generation and Transmission Management Control, CEMIG GT, from 2007 to 2009: - where responsibilities included planning, implementation, coordination and development of Strategy Management in the Chief Generation and Transmission Officer's Office. In 2009, he became General Manager for Coordination, Generation and Transmission, CEMIG GT – responsible for management of corporate processes in the office of the Chief Generation and Transmission Officer’s Office, and planning and management of Generation and Transmission projects in companies and wholly owned subsidiaries. He also served as General Manager of Taesa (from 2009 to 2011). He was a member of the Board of Directors of the following companies affiliated to CEMIG: Companhia Transleste de Transmissão (2007–2009), Companhia Transirapé de Transmissão (2007–2009); PCH Guanhães Energia (2007–2009); and PCH Pai Joaquim (April 30, 2008 to April 30, 2010). He was General Manager for Maintenance and Transmission at CEMIG (from 2011 to 2016); and Director of the Brazilian Power Transmission Companies’ Association (Abrate) (from 2017 to 2019).

Rafael Noda

Mr. Rafael Falcao Noda serves as CEMIGPar Director, Member of the Executive Board of the Company. He is company manager by profession, practices as a university lecturer in finance, strategy and quantitative methods. He has 20 years’ experience in mergers, acquisition, financial restructurings and sustainability, and has served in senior management of an electricity company.

Jose Joao Abdalla Filho

Mr. Jose Joao Abdalla Filho serves as Director of the Company. He is CEO and controlling shareholder of Banco Clássico S.A.; Substitute Member of the Board of Directors of CEG (Companhia Distribuidora de Gás do Rio de Janeiro); Substitute Member of the Board of Directors of Tractebel Energia S.A.; CEO of Dinâmica Energia S.A.; and CEO of Social S.A. Mineração e Intercâmbio Comercial e Industrial.

Cledorvino Belini

Mr. Cledorvino Belini serves as Director of the Company. Mr. Belini has a degree in business administration from Mackenzie University, a master's degree and postgraduate degree from São Paulo University (USP), and MBA from FDC/Insead. In a 44-year career at Fiat, he served as its CEO in Brazil and Latin America for 11 years (2004-2015), and in 2009 joined the Fiat Group Executive Council (GEC), the highest governing body of the Fiat Group worldwide. In 2010–2013 he was president of the Brazilian Vehicle Manufacturers’ Association (Anfavea). Since October 2017 he has been an Independent Member of the Board of Directors of the JBS group.

Marco Aurelio Dumont Porto

Mr. Marco Aurelio Dumont Porto serves as Director, Employees Representative of the Company. He earned a degree in civil engineering from Fumec University in 1994, before pursuing postgraduate studies and specialization in project management, and innovation and knowledge management, at IETEC, He has an MBA in business management from Centro Universitário Newton Paiva. Working at CEMIG since March 1986, initially via CEMIG Senai, he became Assistant Engineer, Project Engineer, Generation Projects Manager; and Technical and Commercial Director of the two SPCs Hidrelétrica Cachoeirão S.A and Hidrelétrica Pipoca S.A. He has served as Alternative Energy Sources Manager, Quality and Special Projects Manager, and Management and Internal Controls Manager; and is currently a Quality Analyst in the Office of the CEO.

Marcelo Gasparino da Silva

Mr. Marcelo Gasparino da Silva serves as Director of the Company. He is a lawyer specializing in corporate tax law, with a degree from ESAG, and MBA in Controllership, Auditing and Finance. He began his executive career in 2007 as Legal and Institutional Director of Celesc. He is the Coordinator of the Santa Catarina Chapter, Holder of Board Member Certification from, and a member of the Council of, IBGC (the Brazilian Corporate Governance Institute). He is Chair of the Board of Directors of Usiminas, and is a member of the Board of Directors of Bradespar and Eternit. He has served as a Member of the Boards of Directors of Eletrobras, Celesc, AES Eletropaulo, Tecnisa and SC Gás, and as a member of the Fiscal councils of Bradespar, AES Eletropaulo, AES Tietê and Renuka do Brasil. He is Coordinator of the Legal and Compliance Committee of Eternit. He is the spokesperson of the GGG (Corporate Governance Group).

Antonio Junqueira

Mr. Antonio Rodrigue Dos Santos e Junqueira serves as Director of the Company. Mr. Junqueira is a founding partner of Vinland Capital, and since May 2018 has been responsible for the Companies and Equities Research area. From 2007 to 2018, he was Executive Director and Partner of Banco BTG Pactual, responsible for sell-side research on the Electricity and Water Services sectors. At UBS Investment Bank he worked in the Companies and Equity Research Department, in 2005–2006.

Jose Magalhaes

Mr. Jose Reinaldo Magalhaes serves as Director of the Company. Mr. Magalhães was manager of private equity FIP funds at BR-Investimentos and Bozano Investimentos Gestoras de Recursos from 2009 to 2015 – the team member responsible for the Funds’ investment and disinvestment decisions. At PREVI (Banco do Brasil pension fund), he was Director of Investments, Institutional Investor Department, from – 2006–2018. At Banco do Brasil, he was New York Branch Assistant Manager in 2004–2005, Deputy Manager of the Chicago Representative Office (2002-4), and Executive Manager in the Director’s Department for Planning and Risk Management, from 1998 to2002. At PREVI, he was Division Manager, International Financial Institutions Management, from 1995 to 1998. From 1994–1998, he was a Trainee in the Overseas Manager Training Program, in São Paulo, Austin, Texas and London, and from 1990 to 1994, an analyst in the Technical Department (DETEC) of BB-B1 Banco de Investimentos. He joined DETEC in October 1975, and from 1983–1989 was Technical Adviser to the Minas Gerais State Supervision Office.

Romeu Rufino

Mr. Romeu Donizete Rufino serves as Director of the Company. He worked as an independent auditor with PriceWaterhouseCoopers from 1978 to 1982 – joining as an assistant, and becoming a supervisor. From 1983 to 1998, at Eletronorte, he was Manager of the Accounts Department, and subsequently advisor to Chief Financial Officer's Department. In this period, he also served on the Fiscal Councils of: Companhia Energética de Brasília — CEB; and Previnorte, the Eletronorte pension fund. At the Brazilian electricity regulator, ANEEL, he was General Manager for Inspections from 1998 to 2006, a director, from 2006 to 2013; and Director General, from 2013 to 2018.