By Reuters Staff
1 Min Read
BRASILIA, Jan 25 (Reuters) - Wilson Ferreira Jr, chief executive of Brazilian state electricity company Eletrobras , has resigned from his position citing “personal reasons”, the company said in a securities filing late on Sunday night.
Ferreira will remain in his post until March 5, allowing Centrais Eletricas Brasileiras SA, as the company is formally known, to find a successor, according to the filing.
Ferreira has led Eletrobras for nearly four and a half years. His resignation comes only a month after Chairman José Guimarães Monforte announced he was resigning, also for personal reasons.
The government has said Eletrobras may be privatized this year, a sale which could generate up to 20 billion reais ($3.7 billion).
Shareholders in Nigerian oil company Lekoil on Friday approved top investor Metallon's proposed board appointments at an extraordinary general meeting, the culmination of a public spat between Lekoil's founder and the activist shareholder.
By Reuters Staff
(Adds detail on events, chairman move, background)
Jan 6 (Reuters) - Events group Informa Plc on Wednesday forecast a more than 70% plunge in 2020 profit as the industry was ravaged by coronavirus-driven restrictions and halts in physical exhibitions worldwide.
Hundreds of global events organised by Informa were cancelled or postponed last year due to the COVID-19 pandemic, denting a major chunk of revenue for the firm behind shows including China Beauty Expo, Monaco Yacht Show, World of Concrete and Arab Health.
Mainland China resumed events since June last year, but several major markets including the United States and Europe remained virtually shut and Britain imposed another national lockdown to stem the spread of a new coronavirus variant.