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Companhia Energética de Minas Gerais (CIG)

NYSE - NYSE Delayed Price. Currency in USD
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2.0200+0.0513 (+2.61%)
At close: 04:00PM EDT
2.0600 +0.04 (+1.98%)
After hours: 06:44PM EDT

Companhia Energética de Minas Gerais

Avenida Barbacena, 1200
Belo Horizonte, MG 30190-131
55 31 3506 5024

Full Time Employees5,025

Key Executives

NameTitlePayExercisedYear Born
Mr. Reynaldo Passanezi FilhoCEO, Pres & Member of Exec. BoardN/AN/A1965
Mr. Leonardo George de MagalhãesChief Officer for Fin. & Investor Relations and Member of Exec. BoardN/AN/AN/A
Mr. Dimas CostaChief Commercial Officer & Member of Exec. BoardN/AN/A1954
Mr. Eduardo SoaresChief Counsel, Chief Officer for Regulation & Member of Exec. BoardN/AN/AN/A
Mr. Marney Tadeu AntunesChief Distribution Officer & Member of Exec. BoardN/AN/A1962
Thadeu Carneiro da SilvaChief Generation & Transmission Officer & Member of Exec. BoardN/AN/A1982
Mr. Marco Da Camino Ancona Lopez SoligoExec. Director of CemigPar & Member of Exec. BoardN/AN/A1968
Leonardo Felipe MesquitaAccounting Mang.N/AN/AN/A
Mr. Paulo Eduardo Pereira GuimarãesHead of Corp. Fin.N/AN/AN/A
Claudio Costa BianchiniDeputy Director of Corp. Communication & SustainabilityN/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.


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 July 1, 2022 is 6. The pillar scores are Audit: 2; Board: 4; Shareholder Rights: 10; Compensation: 3.

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.