April 10, 2018 |
Brazilian President Michel Temer has named Wellington Moreira Franco as the new minister of energy and mining, putting the cabinet official in charge of the proposed privatization of the electric company Eletrobras.
Fernando Coelho Filho left the ministry earlier this month to run for Congress for the rightist Democratas party. The deputy minister, Paulo Pedrosa, was expected to replace Coelho Filho but he left the ministry for undisclosed reasons. Shares in Eletrobras dropped to BRL18.65 on Mon
Moreira Franco gets the nod after Fernando Coelho Filho left to run for Congress