After Rodrigo Costa will be CEO and chairman of REN. Rui Vilar … – Mad Money

Former President of the Competition Authority, Manuel Sebastião, will go down as non-executive board and as chairman of the audit committee

CEO REN, Rodrigo Costa
DR

Rodrigo Costa, who assumed executive President of the REN in early February this year, replacing Rui Vilar, will also be chairman of the board of directors, a position which today is still occupied by Rui Vilar and it was planned to continue. The former leader of the company does not appear even in the new administration composition for the 2015-2017 term.

This amendment will be voted on at the next general meeting of shareholders of the company, to be held April 17, and surprises because it means a setback as the company said about a year, just as Rui Vilar took the two positions in the company in place of Rui Cartaxo.

At the time, Rui Vilar explained to journalists that took the two posts only until the next general meeting and then just assume the position of chairman and that would be chosen another name for CEO.

Following this decision, he said, would change the REN’s governance, that is, instead of the positions of CEO and chairman be undertaken by the same person, the company would have a different person in each office

However, in December Rodrigo Costa -. the former president of Zon – voted by shareholders to be CEO, a position he assumed on February 2. Have Rui Vilar was as chairman.

Now, from April 18, REN will keep the same governance model and according to the proposal that shareholders will vote at the general meeting, Rodrigo Costa assume the two positions.