Companhia Energética de Minas Gerais (CIG-C)

2.9200 +0.0200 (+0.69%) At close: 04:00PM EDT

Companhia Energética de Minas Gerais

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: 5,025

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Reynaldo Passanezi Filho	CEO, Pres & Member of Exec. Board	N/A	N/A	1965
Mr. Leonardo George de Magalhães	Chief Officer for Fin. & Investor Relations and Member of Exec. Board	N/A	N/A	N/A
Mr. Dimas Costa	Chief Commercial Officer & Member of Exec. Board	N/A	N/A	1954
Mr. Marney Tadeu Antunes	Chief Distribution Officer & Member of Exec. Board	N/A	N/A	1962
Thadeu Carneiro da Silva	Chief Generation & Transmission Officer & Member of Exec. Board	N/A	N/A	1982
Mr. Marco Da Camino Ancona Lopez Soligo	Exec. Director of CemigPar & Member of Exec. Board	N/A	N/A	1968
Leonardo Felipe Mesquita	Accounting Mang.	N/A	N/A	N/A
Mr. Paulo Eduardo Pereira Guimarães	Head of Corp. Fin.	N/A	N/A	N/A
Henrique Motta Pinto	Regulatory & Legal Director	N/A	N/A	N/A
Luiz Fernando de Medeiros Moreira	Deputy Director of Compliance, Corp. 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, through its subsidiaries, engages in the generation, transmission, distribution, and sale of energy in Brazil. As of December 31, 2021, the company operated 70 hydroelectric, wind, and solar plants with an installed capacity of 5,700 MW; 339,086 miles of distribution lines; and 4,449 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’s ISS governance QualityScore as of 1 March 2023 is 4. The pillar scores are Audit: 2; Board: 3; Shareholder rights: 10; 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.