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Companhia Energética de Minas Gerais - CEMIG (CIG)

NYSE - NYSE Delayed Price. Currency in USD
2.2600+0.0100 (+0.44%)
At close: 04:00PM EDT
2.2800 +0.02 (+0.88%)
After hours: 07:38PM EDT

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
IndustryUtilities - Diversified
Full Time Employees4,969

Key Executives

NameTitlePayExercisedYear Born
Mr. Reynaldo Passanezi FilhoCEO, President & Member of Executive BoardN/AN/A1965
Mr. Leonardo George de MagalhãesChief Officer for Finance & Investor Relations and Member of Executive BoardN/AN/AN/A
Mr. Dimas CostaChief Trading Officer & Member of Executive BoardN/AN/A1954
Mr. Marney Tadeu AntunesChief Distribution Officer & Member of Executive BoardN/AN/A1962
Mr. Thadeu Carneiro da SilvaChief Generation & Transmission Officer & Member of Executive BoardN/AN/A1982
Mr. Marco Da Camino Ancona Lopez SoligoExecutive Director of CemigPar & Member of Executive BoardN/AN/A1968
Cristiana Maria Fortini Pinto e SilvaRegulatory & Legal Director and Member of Management BoardN/AN/AN/A
Leonardo Felipe MesquitaAccounting ManagerN/AN/AN/A
Mr. Paulo Eduardo Pereira GuimarãesHead of Corporate FinanceN/AN/AN/A
Daniel Perrelli LancaDeputy Director of Compliance, Corporate Risks & Internal ControlsN/AN/AN/A
Amounts are as of and compensation values are for the last fiscal year ending on that date. Pay is 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 March 1, 2024 is 4. The pillar scores are Audit: 2; Board: 5; 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 a 10 indicates higher governance risk.