Energy Company of Minas Gerais (CEMIG) has made a significant leadership change by appointing Marco Aurélio Martins da Costa Vasconcelos as its new Chief Executive Officer and Alexandre Ramos Peixoto as the Chair of the Board of Directors. This decision, made by the company's Board of Directors, reflects a strategic shift aimed at navigating the evolving landscape of the electric services industry.

Marco Aurélio Martins da Costa Vasconcelos brings a wealth of experience to his new role. An attorney with a Law degree from PUC Minas, he has held various strategic positions in organizations across the sanitation, mining, and industrial sectors. His previous roles include serving as Attorney General and Advisor to the CEO at COPASA MG, and more recently as Deputy Legal Officer at CEMIG, where he focused on corporate governance and compliance.

Alexandre Ramos Peixoto, the newly appointed Chair of the Board, is a seasoned professional in the power sector. He has a strong academic background, holding postgraduate degrees in Quality Engineering and Management, as well as Strategic Management and Planning. His experience includes significant roles at the Brazilian Electricity Regulatory Agency (Aneel) and the Ministry of Mines and Energy (MME), along with leadership positions at CEMIG.

This leadership transition is particularly important for CEMIG as it operates within the SIC description of Electric Services. The electric services industry is currently facing various challenges, including regulatory changes and market dynamics that require strong leadership and strategic vision.

The filing, dated November 4, 2026, indicates that these appointments were made effective immediately, signaling a prompt shift in the company's strategic direction. The leadership change comes at a time when CEMIG is looking to enhance its operational efficiency and adapt to the changing energy landscape.

As CEMIG embarks on this new chapter under the leadership of Vasconcelos and Peixoto, stakeholders, including employees, investors, and customers, will be closely monitoring how these changes will impact the company's performance and strategic initiatives moving forward.

Details regarding further developments or upcoming filings were not available in the SEC filing.