Companhia Energética de Minas Gerais - CEMIG (CIG-C)

3.1300 -0.0700 (-2.19%) At close: 04:00PM EST

Companhia Energética de Minas Gerais - CEMIG

Avenida Barbacena, 1200
Belo Horizonte, MG 30190-131
Brazil
55 31 3506 5024
https://www.cemig.com.br

Sector(s): Utilities
Industry: Utilities - Diversified
Full-time employees: 4,969

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Reynaldo Passanezi Filho	CEO, President & Member of Executive Board	N/A	N/A	1965
Mr. Leonardo George de Magalhães	Chief Officer for Finance & Investor Relations and Member of Executive Board	N/A	N/A	N/A
Mr. Dimas Costa	Chief Trading Officer & Member of Executive Board	N/A	N/A	1954
Mr. Marney Tadeu Antunes	Chief Distribution Officer & Member of Executive Board	N/A	N/A	1962
Mr. Thadeu Carneiro da Silva	Chief Generation & Transmission Officer & Member of Executive Board	N/A	N/A	1982
Mr. Marco Da Camino Ancona Lopez Soligo	Executive Director of CemigPar & Member of Executive Board	N/A	N/A	1968
Cristiana Maria Fortini Pinto e Silva	Regulatory & Legal Director and Member of Management Board	N/A	N/A	N/A
Leonardo Felipe Mesquita	Accounting Manager	N/A	N/A	N/A
Mr. Paulo Eduardo Pereira Guimarães	Head of Corporate Finance	N/A	N/A	N/A
Daniel Perrelli Lanca	Deputy Director of Compliance, Corporate Risks & Internal Controls	N/A	N/A	N/A

Amounts are as of , and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Companhia Energética de Minas Gerais - CEMIG, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2022, the company operated 69 hydroelectric, wind, and solar plants with an installed capacity of 5,519 MW; 351,163 miles of distribution lines; and 4,580 miles of transmission lines. It is also involved in the acquisition, transportation, and distribution of gas and its sub products and derivatives; provision of cloud solution, IT infrastructure, IT management, and cybersecurity services; provision of technology systems and systems for operational management of public service concessions; sale and trading of energy; provision of telecommunications services; and distributed generation, account services, cogeneration, energy efficiency, and supply and storage management activities. The company was incorporated in 1952 and is headquartered in Belo Horizonte, Brazil.

Corporate governance

Companhia Energética de Minas Gerais - CEMIG’s ISS governance QualityScore as of 1 December 2023 is 2. The pillar scores are Audit: 2; Board: 3; Shareholder rights: 8; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.