ENGIE Brasil Energia announces changes to its Management Board
ENGIE Brasil Energia today, July 31, received resignation letters from its Chief Strategy and Development Officer, Edson Silva and the Chief Business Development Officer, Gustavo Labanca. Gustavo’s departure had already been anticipated by the company, given that the executive has assumed the position of chief executive officer of TAG, the gas transportation company recently acquired by ENGIE. Gustavo will be dedicating full time to ENGIE’s new business, but will continue responding for EBE’s New Business Development area until August 15.
Meanwhile, Edson Silva, who has held the position as Strategy and Regulation officer for ENGIE Brasil Energia since 2011, is to assume the position of chief executive officer of ESBR, Energia Sustentável do Brasil, a specific purpose company which manages Jirau Hydroelectric Power Plant, in which ENGIE has a 40% stake. The transition process of Edson will take place by September 30.
“ENGIE Brasil Energia is very grateful for both executives. They were essential in pursuing the trajectory of success we have experienced over these more than 20 years’ track record in Brazil. Edson and Gustavo represent the spirit of innovation and enterprise that ENGIE instills in its activities”, comments Maurício Bähr, Chairman of the Board of Directors of ENGIE Brasil Energia. “We wish them every success in the new challenges that lie ahead”, he concludes.
For succession to the positions on the Management Board, the Company reiterates its culture of forming executives inhouse, optimizing our home grown competencies and engagement of our employees. As a result, the current New Business Development manager, Guilherme Ferrari, will take over the position as Chief New Business, Strategy and Innovation Officer for ENGIE Brasil Energia. With an academic background in Mechanical Engineering, with graduation in Business Management, an MBA in Finance from Ibmec and an Executive MBA from FDC, Guilherme joined EBE in 2007 as a Consultant in Business Development. During his career, he has worked in various areas in the positions of Financial Manager and consultant.
To succeed Edson Silva as Chief Regulatory Officer, the Company has selected the current Trading manager of ENGIE Brasil Energia, Marcos Keller Amboni. An Electrical Engineer, Keller has a graduate and Master’s degrees from UFSC, as well as MBAs in Business Management from FGV and FDC. He began his career in the National Electric System Operator (“ONS”), having assumed in 2005 his first challenge at the Company in the area of Commercial Planning. In 2011, he assumed as manager of the Regulation and Market Unit, a function he held up to 2017.
And concluding the appointments, ENGIE Brasil Energia has also decided the succession process of the Chief Financial Officer’s position. Marcelo Malta, current Accounting Manager, fills the position, vacant since the departure of Carlos Freitas and occupied on an interim basis by Eduardo Sattamini, the Company’s Chief Executive Officer. With a graduate degree in Accounting Sciences and an MBA in Business Management, Malta joined the Company in 2005, being responsible also for the Financial Planning and Control area.
“We are appointing extremely able executives with a strategic vision of the Company’s businesses. Since they already have a solid background of experience at ENGIE and for many years were groomed to assume key positions in the Company, the adaption to their new functions will be natural and well received by the market”, foresees Sattamini.
ABOUT ENGIE
ENGIE is a global reference in low-carbon energy and services. With its 97,000 employees, its customers, partners and stakeholders, the Group is committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by its purpose (“raison d’être”), ENGIE reconciles economic performance with a positive impact on people and the planet, building on its key businesses (gas, renewable energy, services) to offer competitive solutions to its customers. Turnover in 2022: 82.6 billion Euros.
In Brazil, ENGIE, leader in 100% renewable power generation in the country, operates in generation, commercialization and transmission of electric power, gas transport and energy solutions. The Company
has in the country an installed capacity of 12,5 GW, originated from renewable sources and with low GHG emissions, such as hydro, solar and biomass power plants, and windfarms.
With the acquisition of Transportadora Associada de Gás – TAG, ENGIE now also owns the largest natural gas transportation network in the country, at 4,500 km and transecting 10 states and 191 cities.
The Group has a complete portfolio of integrated solutions focused on reducing costs and improving the infrastructure for companies and cities, such as energy efficiency, public lighting, energy monitoring and management.
With 2,800 employees, ENGIE’s turnover in Brazil in 2023 was of R$ 11.7 billion. ENGIE trades on the B3 through its energy generation and trading company, ENGIE Brasil Energia, under the ticker EGIE3. In addition to being a B3 Novo Mercado component, the Company is one of the very few companies that have been listed in the Business Sustainability Index since its creation in 2005. In 2021, ENGIE Brasil Energia was included in the Carbon-Efficient Index (ICO2), made up of IBrX 100 companies that are most transparent in terms of GHG emissions reporting and how they are preparing for a low-carbon economy.
The company also received in May 2024 the certification Great Place to Work, a recognition which validates the continuous commitment of the company to create a positive and inclusive work environment for all.
The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Euro 100, MSCI Europe) and non-financial indices (DJSI World, Euronext Vigeo Eiris – Europe 120/France 20, MSCI EMU ESG screened, MSCI EUROPE ESG Universal Select, Stoxx Europe 600 ESG-X).