Executive Board
- Investor Relations
- Corporate Governance
- Executive Board
Board of Directors
Decision-making body that oversees and controls the Company’s activities, with concrete responsibilities regarding the business strategy and direction, and entrusting the regular management of business to executive bodies.
Name | Position | Election | End |
---|---|---|---|
Márcio Luiz Simões Utsch (majority shareholder) | Chair of the Board of Directors | 04/29/2024 | ASM 2026 |
José Reinaldo Magalhães (majority shareholder) | Sitting member of the Board of Directors | 04/29/2024 | ASM 2026 |
Aloísio Macário Ferreira de Souza (minority shareholders) | Sitting member of the Board of Directors | 04/29/2024 | ASM 2026 |
Afonso Henriques Moreira Santos (majority shareholder) | Sitting member of the Board of Directors | 04/29/2024 | ASM 2026 |
Marcus Leonardo Silberman (majority shareholder) | Sitting member of the Board of Directors | 04/29/2024 | ASM 2026 |
Roger Daniel Versieux (minority shareholders) | Sitting member of the Board of Directors | 04/29/2024 | ASM 2026 |
José João Abdalla Filho (preferred shareholders) | Sitting member of the Board of Directors | 04/29/2024 | ASM 2026 |
Anderson Rodrigues (employee’s representative) | Sitting member of the Board of Directors | 04/29/2024 | ASM 2026 |
Ricardo Menin Gaertner (majority shareholder) | Sitting member of the Board of Directors | 04/29/2024 | ASM 2026 |
Resumes
Márcio Luiz Simões Utsch (majority shareholder, Chair of the Board of Directors)
Bachelor’s degree in Law; MBA in Advanced Management/Finances from INSEAD; Specialist in Management/Retail from COPPEAD/UFRJ.
The main executive positions include Procurement and Operations Superintendent at Mesbla (department store), and Commercial and Distribution Logistics Director at Gradiente Entertainment (electronics and games).
He joined Alpargatas in 1997, where he held the positions of Business Director (from 2003 to January 2019), and CEO, being responsible for leading the transformation of Havaianas into a desired brand sold to over 100 countries with proprietary branches in Europe, Asia, and the Americas.
He was a member of the Board of Directors of HAPVIDA until August 2022.
Current positions
Chair of CEMIG’s Board of Directors since 03/2019
Board member of Grupo SBF – Centauro
Board member of Martins Atacadista (privately held family company)
Advisory Board member of Bauducco
Advisory Board member of Granja Mantiqueira
Consultant to Ana Couto Branding
José Reinaldo Magalhães (majority shareholder, sitting member of the Board of Directors)
Academic Background
MBA in Corporate Finance and Corporate Law – Fundação Getúlio Vargas (FGV)
MBA in Finance – Brazilian Institute of Capital Markets (IBMEC)
Bachelor’s degree in Economics from the Federal University of Minas Gerais (UFMG)
Certifications: Board Member by IBGC and Fiscal Council Member by the Brazilian Institute of Corporate Governance (IBGC)
Professional Experience
BR-Investimentos/Bozano Investimentos 12/2009-09/2015: Investments Resources Managers – Rio de Janeiro (RJ) – Private Equity Investment Fund (FIPs) Managers - Member of the team responsible for the Funds’ investment and divestment decisions
PREVI – Pension Fund for Employees of Banco do Brazil 01/2006-05/2008: Investments Board, responsible for managing PREVI’s investments.
05/1998 - 11/2002: Planning Board/Risk Management – Executive Manager, involved in the Investment Planning, Budget Planning, and Risk Management areas.
Banco do Brasil S.A.: he joined the Bank in 1975 and held several prominent positions. 07/2004 - 12/2005: Branch – New York (NY) – Deputy Manager Abroad 12/2002 - 06/2004: Representation Office – Chicago (IL) – Deputy Manager Abroad
08/1995 - 04/1998 – International Board/Financial Institutions Division – São Paulo (SP) – Division Manager, responsible for the Relationship with Brazilian and International Banks
05/1994-07/1995 – Training Program for Managers Abroad – São Paulo, Austin, TX (USA), and London (UK) – Trainee.
01/1990 - 04/1994 – DIBAN/DETEC – Technical Department – Brasília (DF) Analyst at BB-BI – Investment Bank, and Technical Advisor at DETEC, responsible for the Analysis of Capital Investment Projects and Credit Allocation Decision, Debt Restructuring.
12/1983 - 12/1989 – Minas Gerais State Department – Belo Horizonte (MG) Technical Advisor, member of the coordination team of FUNDEC – Community Development Fund, responsible for the implementation of the Program in Minas Gerais State
Participation in Boards of Directors, Fiscal Councils, and Committees
COSERN – Companhia Energética do Rio Grande do Norte 1998/2000 – Member and Vice-Chair of the Board of Directors
CELPE – Companhia Energética de Pernambuco 2000/2002 – Member of the Board of Directors, Chair of the Board from February to November 2002.
EMBRAER – Empresa Brasileira de Aeronáutica 2006/2009 – Member of the Board of Directors
CPFL Energia 2009/2013 – Chair of the Fiscal Council and Audit Committee
ULTRAPAR –2013/2015 – Sitting Member of the Fiscal Council and Audit Committee
JEREISSATI PARTICIPAÇÕES S.A. 2017/2021 – Member of the Board of Directors
CEMIG – Companhia Energética de Minas Gerais, 04/2019-current – Member of the Board of Directors, Strategy and Finance Committee, and Human Resources Committee
TAESA – 2021/current– Member of the Board of Directors, Finance Committee, and Audit Committee
GASMIG – Companhia de Gás de Minas Gerais 2021/current – Member of the Board of Directors
Other Professional Activities: ABRAPP – Brazilian Association of Private Pension Entities – National Investment Technical Commission 01/2006-05/2008 – Sitting Member representing PREVI. PRI – Principles for Responsible Investments (UNEP-FI) – Geneve, Switzerland - Global UN Program for institutional investors, focused on promoting best practices in responsible investment, addressing environmental, social, and corporate governance matters. 04/2006-06/2008 – Sitting Member, Latin America representative on the Board, Executive Management Group.
Aloísio Macário Ferreira de Souza (minority shareholders, sitting member of the Board of Directors)
Academic Background
Graduate degrees:
– 2004-2005 – MBA in Private Pension – Instituto Ideas /Coppe- UFRJ
– 2002-2003 – MBA in Advanced Modeling and Business Valuation – LLM Business Intelligence – RJ
– 1992 – MBA in Commercial and Investment Banking Management – Citibank (USA)
Undergraduate degrees:
1980-1984 Accounting – UnB
Certifications:
Board Member certified by IBGC
Fiscal Council Member certified by IBGC
Executive Professional Experience
10/2014 – 09/2015 – Vice-President of HR and IT at USIMINAS S. A.
06/1999 – 08/2011 – Executive Manager at PREVI
09/1995 – 05/1999 – Manager of the Asset Analysis and Valuation Division at BB-TVM
Participation in Collegiate Bodies in the last 10 years
Since 01/2022 – VIVEST – Fundação CESP / Member of the Audit Committee
Since 07/2021 – NORTE ENERGIA / Fiscal Council member
05/2021 – 04/2022 – GASMIG /Member of the Board of Directors
Since 04/2021 – BONAIRE Participações S.A. (under extrajudicial liquidation) / Fiscal Council member
12/2019 – 05/2020 – BATTISTELLA Adm. e Part. S.A. / Fiscal Council member
Since 04/2019 – BANCO DO BRASIL S.A. / Fiscal Council member
04/2019 – 04/2020 – BRADESPAR S.A. / Fiscal Council member
08/2018 – 08/2020 – CELESC S.A. / member of the Statutory Audit Committee
04/2018 – 04/2019 – USIMINAS S.A. / Fiscal Council member
04/2017 – 04/2018 – ETERNIT S.A. / Fiscal Council member
04/2016 – 06/2018 – CEMIG S.A. and subsidiaries CEMIG D and CEMIG GT
Board of Directors – alternate and member of the HR, Appointment, and Nomination Committee
04/2016 – 04/2017 – ELETROBRAS S.A. / Fiscal Council member / Member of the Audit Committee
04/2014 – 04/2015 – CELESC / Fiscal Council member
04/2012 – 04/2016 – IBGC – Brazilian Institute of Corporate Governance – Chapter RJ
03/2011 – 03/2017 – GUARANI S.A. (currently TEREOS BRASIL S.A.) Fiscal Council member
04/2010 – 04/2014 – USIMINAS S.A. / Board Member and member of the HR and Audit Committees
Furthermore, in previous years, he served on the boards of directors and committees of the following companies in the sector:
05/2004 – 04/2006 – Rio Grande Energia – RGE / Board member
09/2003 – 09/2005 – Cia. Hidrelétrica Serra da Mesa – SEMESA / Board member
04/2003 – 04/2005 – ENERCAN / Board member
04/2003 – 04/2006 – CPFL Energia, CPFL Geração, CPFL Paulista, and CPFL Piratininga
Sitting Board Member and Member of the Corporate Governance Committee
11/2001 – 04/2002 – CPFL Piratininga S.A / Fiscal Council member
04/2000 – 04/2001 – CELPE S. A. / Alternate Board Member
04/2000 – 04/2001 – COSERN S.A. / Alternate Board Member
Afonso Henriques Moreira Santos (majority shareholder, sitting member of the Board of Directors)
BACKGROUND:
Associate Professorship in Energy from the Institute of Energy and Environment of the University of São Paulo – 2013.
PhD: Centre International de la Recherche sur l’Environnement et le Dévellopement (CIRED) – Paris/France -1991, having developed a work in the area of energy sector restructuring and risk modeling.
Ph.D. in Electrical Engineering: State University of Campinas- UNICAMP, in the field of Energy Systems Planning – 1987
Master’s degree in Electrical Engineering: Federal School of Engineering of Itajubá -1981
Bachelor’s degree in Electrical Engineering: Federal School of Engineering of Itajubá - EFEI, 1978.
PROFESSIONAL ACTIVITIES:
Professor at EFEI/UNIFEI from 1980 to 2016 (tenured professor since 1989), working in the areas of energy (mainly renewable energy and efficiency energy) and natural resources (mainly water resources)
General Director and Technical Director at DME Energética, from 2007 to 2009.
Partner and Technical Coordinator of Ecopart Investimentos S/A, a company focused on developing and investing in renewable energies, from 2007 to 2010.
National Secretary of Energy at the Ministry of Mines and Energy- MME, from 2001 to 2002, during the energy rationing period.
Director of the National Electricity Agency - ANEEL, from 1997 to 2000
Consultant at the Energy Secretariat of the State of São Paulo (contract with CESP), from 1995 to 97, for the restructuring of the electricity and natural gas sectors.
Consultant at the Foundation for Research and Advisory to the Industry - FUPAI, since 1983
Managing Partner at MS Consultoria Ltda., a consulting company in the energy sector, from 2003 to 2019
Managing Partner at iX Estudos e Projetos Ltda., from 2006 to 2019
Partner at Brazil GTW Ltda., from 2015 to 2019.
PARTICIPATION IN:
Business Councils:
Furnas Centrais Elétricas SA (2001/02);
Serra do Facão Hydroelectric Power Plant, SPE (2007/09);
Machadinho Hydroelectric Power Plant, SPE (2007/09);
Salto Pilão Hydroelectric Power Plant, SPE (2007/09);
Barra Grande Hydroelectric Power Plant, SPE (2007/09);
TAESA, SPE (2007/2009);
Light S.A. (2019); (Coordinator of the Operations and Finances Committee of the AC);
Companhia Energética de Minas Gerais S.A. (GT, Holding Company, and D) (since July 2020).
Institutional Councils:
Executive Secretary of the National Energy Policy Council - CNPE (2001/02);
Member of the National Water Resources Council - CNRH (2000/01).
Executive Boards/Boards of Associations:
President of the Brazilian Society of Energy Planning - SBPE;
Director of the Brazilian Association of Water Resources - ABRH;
Board Member of the Institute for Energy Law Studies - IBDE.
Marcus Leonardo Silberman (majority shareholder, sitting member of the Board of Directors)
Professional Experience
BR Malls – Board of Directors since May 2022
Cemig – Board of Directors since February 2022
Codemge – Board of Directors since March 2021
Itiquira Acquisition Corp – Chief Financial Officer since February 2021
CH Global Capital – Partner since April 2019
Bank of America
Managing Director, Co-Head Latin America M&A September 2014-March 2019
Credit Suisse
Managing Director, Co-Head Emerging Markets M&A January 2011-September 2014
Managing Director, Head of Latin America M&A January 2006 December 2010
Director, Vice President, Associate, M&A Group
January, 1998 - December, 2020
More than 25 years of experience in M&A
Concluded over 50 transactions, totaling more than UD$140 billion
Academic Background
Ph.D. in Finances – Marshall School of Business, USC
M.Sc. in Production Engineering – PUC- RJ
B.Sc. in Production Engineering – UFRJ
Roger Daniel Versieux (minority shareholders, sitting member of the Board of Directors)
Professional Experience
Lawyer for 21 years, working with litigation and consulting in corporate and public law, in the fields of administrative, environmental, tax, and criminal law, mainly in the mining sector, infrastructure, and unions;
Legal Advisor (civil servant) for Empresa de Assistência Técnica e Extensão Rural de Minas Gerais – EMATER-MG. (2005 to 2008), acting in the field of Public Law, with emphasis on bidding processes, people management in the administrative staff, public contracts, and legal support to the state-owned company’s executive board;
Board Member of CEMIG, since May 2022;
Senior Lawyer at Vale S/A (2013);
Appointed lawyer, since 2010, for economically disadvantaged individuals before the Federal Regional Court of the 3rd Region;
Tenured professor at the Federal University of Mato Grosso do Sul. Responsible Professor of the Legal Practice Center of UFMS. (2010 to 2011);
Postgraduate Course Professor at the Center for International Law – Cedin, Belo Horizonte. (2016 and 2020).
Academic Background
Bachelor’s degree in Law from the Federal University of Minas Gerais – 2000
Ph.D. in Public Law from Anamages – National Association of State Judges/Newcorp – Newton Paiva University – 2004.
José João Abdalla Filho (preferred shareholders, sitting member of the Board of Directors)
Bachelor’s degree in Economics from Mackenzie Presbyterian University.
CURRENT POSITIONS
Chief Executive Officer do Banco Clássico S.A. and controlling shareholder, since 1989, which is a controlling shareholder of several investment vehicles;
Sitting member of the Board of Directors of Companhia Energética de Minas Gerais – CEMIG since 2019 (alternate from 2015 to 2019);
Sitting member of the Board of Directors of Petrobras since 2022
Sitting member of the Board of Directors of TAESA since 2019;
Alternate member of the Board of Directors of Companhia Distribuidora de Gás do Rio de Janeiro – CEG, since 2015.
José João Abdalla, also known as “Juca Abdalla”, through his investment vehicles, is one of the largest long-term individual investors of B3, at values above R$20 billion, with a focus on the Oil and Gas, Energy, and Mining segments, and whose positions have been held for over 10 years.
Despite having been an alternate member for a period, both in Cemig and CEG, alternate members attend the Board of Directors’ meetings, which has provided him with significant background in the Energy and Oil & Gas segments. His actions have always been guided by respect for the interests of all stakeholders, especially in state-owned companies.
Anderson Rodrigues (employee’s representative, sitting member of the Board of Directors)
PROFESSIONAL BACKGROUND
CEMIG: employee of Cemig since 1990, working as a reader, lines and network electrician, instructor (from 1997 to the present), and Manager of the R&D project
CEMIG: Board Member – employees’ representative
UNIFEMM 2012-2013 – Ph.D. in Occupational Safety Engineering and Professor
UNIFEMM 2021 and 2022: Member of the Board of Trustees – CREA representative
UNA- 2016 – Professor of Postgraduate Studies in Occupational Safety Engineering
PITÁGORAS – 2016/2017 – Professor of Postgraduate Studies in Occupational Safety Engineering
FUMEC BH- 2021 – Professor of Postgraduate Studies in Occupational Safety Engineering
Academic Background
Undergraduate degree: Electrical Engineering with Emphasis on Power Systems – Pontifical Catholic University of Minas Gerais – PUC/MG
Graduate degree: Occupational Safety Engineering – University FUMEC
Masters’ degree: Professional master’s degree in Administration – Innovation and Organizational Dynamics - University Center – UNA
Ph.D. candidate: Information Systems and Knowledge Management – University FUMEC
Ricardo Menin Gaertner (majority shareholder, sitting member of the Board of Directors)
ACADEMIC BACKGROUND
Course on Corporate Governance – IBGC – 2019
Negotiation Program - Harvard Law School – 2019
Ph.D. in Tax Law - University Extension Center -2001
Bachelor’s degree in Law - Law School of the University of São Paulo – 1998
PROFESSIONAL SUMMARY
Lawyer with proven experience in leading large-scale M&A projects, capital market transactions, and the creation of compliance and corporate governance programs.
SKILLS
Board of Directors.
Advisory Committees.
Executive Board.
Corporate Governance.
Compliance and Risk.
M&A - buy-side and sell-side.
Tax law, banking, and capital markets.
Litigation.
Financial statements.
PROFESSIONAL BACKGROUND
04/2022 - current – CEMIG – Member of the Board of Directors
06/2019 - current – Partner at Barbosa e Gaertner Advogados Associados- São Paulo, SP
Generalist lawyer with a focus on compliance, corporate law (corporate, tax, contracts, banking, and capital markets), M&A, and litigation (administrative, judicial, and arbitration).
Experience in creating and periodically reviewing compliance programs and preparing risk matrices.
Familiar with corporate governance practices and internal investigations.
Various M&A transactions, sell-side and buy-side.
Engagement in corporate law, tax law, and compliance for major Brazilian retailers.
11/2019- current – Senior Consultant - FIPECAFI- São Paulo, SP
Tariff revision processes of utility companies.
Economic-financial rebalancing processes of public service tariffs.
Auditing of concession contracts.
Legal-regulatory modeling of public service privatization processes.
Creation of risk matrix and assessment of maturity of compliance and GDPR programs.
08/2017- 12/2018 – Chair of the Board of Directors of J&F Investments S.A. – São Paulo - SP
08/2017 – 11/2017 – CEO of J&F Investments S.A. – São Paulo - SP
03/2014- 10/2018 – Legal Officer at J&F Investimentos S.A. – São Paulo, SP
06/2012 – 03/2014- Legal Superintendent at Banco Original- São Paulo
Executive Board
Decision-making body that oversees and controls the Company’s activities, with concrete responsibilities regarding the business strategy and direction, and entrusting the regular management of business to executive bodies.
Name | Position | Election | End |
---|---|---|---|
Reynaldo Passanezi Filho | Chief Executive Officer | 05/02/2022 | BoD Meeting 2024 |
Dimas Costa | Vice President of Trading | 05/02/2022 | BoD Meeting 2024 |
Leonardo George de Magalhães | Vice President of Finance and Investor Relations | 05/02/2022 | BoD Meeting 2024 |
Marco da Camino Ancona Lopez Soligo | Vice President of Equity Holdings | 05/02/2022 | BoD Meeting 2024 |
Marney Tadeu Antunes | Vice President of Distribution | 05/02/2022 | BoD Meeting 2024 |
Thadeu Carneiro da Silva | Vice President of Generation and Transmission | 05/02/2022 | BoD Meeting 2024 |
Cristiana Maria Fortini Pinto e Silva | Vice President of Legal Affairs | 08/03/2023 | BoD Meeting 2024 |
Resumes
Reynaldo Passanezi Filho (CEO)
He has a graduate degree and a Ph.D. in Economics from the University of São Paulo (USP), a master’s degree in Economics from the University of Campinas (UNICAMP), an undergraduate degree in Law from the Pontifical Catholic University of São Paulo (PUC-SP), in addition to a specialization degree in Management, Leadership and Innovation from Stanford University (USA). He has a solid career in executive positions in the electricity sector (CEO of ISA CTEEP), in the financial sector (Country Manager and Managing Director of C&IB at BBVA Brasil), with experiences in the public sector, notably in privatization programs (Advisor to the Board of Directors of the State Privatization Program of the São Paulo State Government). He also has extensive experience in corporate restructuring, and mergers and acquisitions, with deep knowledge of infrastructure and Latin America.
Dimas Costa (Commercialization Director)
He graduated in Electric Engineering from PUC Minas in 1978. Between 1978 and 1980, he held the position of Engineer at the Department of Water and Energy of Minas Gerais; from 1980 to 1985, he was Head of Division in the Department of Water and Energy of Minas Gerais. At CEMIG, he was an Engineer on the Distribution Board (1985 to 1987); Department Assistant in the Superintendence of the Energy Planning and Development Department (1987 to 1995); Manager of the Energy Development Department (1995 to 1998); Commercial Manager for Corporate Customers (1998 to 2007); Superintendent of the Commercial Superintendence for Customers (2007 to 2010); Superintendent of the Commercial Superintendence for Incentivized Clients (2011 to 2013). Between August 2013 and December 2016, he was a Managing Partner at Ponta Energia Consultores Associados Ltda.
Leonardo George de Magalhães (Chief Finance and Investor Relations Officer)
He holds a degree in Accounting and has been an employee of Cemig for over 30 years, working in the Controller’s Office since 2008. He has had several executive responsibilities on the Finance Board that include accounting, tax planning, financial planning, budgeting, investment evaluation, cash management, and result projection.
Marco da Camino Ancona Lopez Soligo (Director at CemigPar)
He graduated in Economics from FEA/USP, earned an MBA in Administration from the Catholic University of Louvain (Belgium), and a specialization degree in Corporate Law from FGV/GVlaw. He worked for six years at CPFL Energia and was a Director of Risk Management and Internal Controls, Secretary of the Board of Directors and AC Committees, and Corporate Governance Manager. He participated in the acquisition of PSEG’s stake in the distributor Rio Grande Energia. Later, he was its CFO, responsible, among others, for the company’s integration with CPFL Energia. He was Corporate Director at GLEP Energias Renováveis. From 2019 to 2022, he was the CEO of CEEE Participações and its subsidiary, CEEE Geração. Since May 02, 2022, he has been the Director of Holdings at Cemig Holding.
Marney Tadeu Antunes (Director at Cemig Distribuição)
He graduated in Electrical Engineering from the School of Engineering of Sorocaba and holds specialization and graduate degrees in Management, Strategy, Project Management, Marginal Costs, and Energy Pricing. He has 34 years of experience in the Brazilian Electricity Sector and most recently he held the positions of General Director at Distribuidora EDP – SP (2015 to 2020) and Commercial Director at the Distribution Companies of Grupo CPFL Energia (2011 to 2015).
Thadeu Carneiro da Silva (Director at Cemig Geração e Transmissão)
He earned a Ph.D. in Energy Engineering from the Federal University of ABC – UFABC (2024). He was Director of Operation and Maintenance of Generation and Transmission at Copel Geração e Transmissão S.A. (Term of office 2020-2021); Director of Operations and Implementation/CEO of ADS Energias Renováveis (2017-2020); Regional Director of Projects and Services at GE Energias Renováveis Ltda. (2015-2016).
Cristiana Maria Fortini Pinto e Silva (Regulation and Legal Officer)
She earned a bachelor’s degree in Law from the Federal University of Minas Gerais (1995) and a Ph.D. in Law from the Federal University of Minas Gerais (2003). Professor in the Masters, Doctorate, and Undergraduate Programs of the Law School of UFMG. Professor at Faculdade Milton Campos. Visiting Scholar at the George Washington University. Visiting Professor at the University of Pisa. President of the Brazilian Institute of Administrative Law (IBDA). She is currently a representative of MG at the Brazilian Institute of Sanctioning Law (IDASAN) and a Director of the Brazilian Institute of Infrastructure Studies (IBEJI) in Minas Gerais. Member of the panel of arbitrators/mediators - Panel of Mediators and Arbitrators of the Brazilian Center for Economic Disputes. Editor-in-chief of Rbep, Brazilian Journal of Political Studies at the Federal University of Minas Gerais. Columnist for Conjur. She was President of the Public-Private Partnerships Committee of OAB/MG (Bar Association of MG). She was President of the Administrative Law Committee of OAB/MG. She was President of the Minas Gerais Institute of Administrative Law (IMDA) and a Director of the Brazilian Institute of Administrative Law (IBDA). She was a Deputy Attorney General of Belo Horizonte. She was Controller General of Belo Horizonte.