INSUBCONTINENT EXCLUSIVE:
privatization in 2022.According to official company releases and government sources, the Ministry of Mines and Energy nominated three
high-profile candidates for board seats: former ministers Silas Rondeau, Nelson Hubner, and Petrobras executive Mauricio Tolmasquim.The
government also proposed former finance minister Guido Mantega for the fiscal council, but he withdrew his candidacy just before the vote
privatization.This cap, designed to prevent any single shareholder from dominating the company, has become a flashpoint
of legal and boardroom battles, the government and Eletrobras agreed to expand the board from nine to ten members, with three seats reserved
(Photo Internet reproduction)This election, set for April 29, marks the first competitive board contest since privatization
Private investors and government interests now openly vie for influence.The outcome will determine whether the government can steer
