|Bid||6.45 x 1000|
|Ask||6.46 x 2900|
|Day's Range||6.43 - 6.64|
|52 Week Range||3.35 - 7.75|
|Beta (5Y Monthly)||0.85|
|PE Ratio (TTM)||8.84|
|Forward Dividend & Yield||0.26 (4.19%)|
|Ex-Dividend Date||Feb 11, 2021|
|1y Target Est||N/A|
The Brazilian government has appointed lawyer and economist Rodrigo Limp Nascimento as CEO and board member of state-controlled power company Centrais Eletricas Brasileiras SA, according to a Thursday filing, ignoring a hired headhunter's recommendation. Limp will replace Wilson Ferreira, who quit in January over what he called a lack of political support in Congress for privatizing the company. Eletrobras said Limp had not been appointed by a headhunter firm it had hired to pick the new CEO, as the government decided to name him directly.
State-controlled Brazilian lender Banco do Brasil SA on Thursday said Chief Executive Andre Brandao has resigned and is expected to leave his post on April 1, adding to a wave of turnover at the country's biggest state firms. Banco do Brasil did not say who will replace Brandao, who had come under pressure this year from President Jair Bolsonaro over cost-cutting plans. The resignation comes a month after Bolsonaro moved to replace the CEO of Petroleo Brasileiro SA, known as Petrobras, over fuel price hikes.
For many investors, President Jair Bolsonaro killed the dream of Brazil’s free-market renaissance with a Friday night Facebook post. In a curt public statement on Feb. 19, Bolsonaro canned the head of state-run oil firm Petrobras, who had infuriated the president by raising fuel prices. Bolsonaro then named a retired Army general with no experience in the oil and gas industry to lead Latin America's biggest crude producer.