Minas Gerais government nominates new CEO for state-controlled utility Cemig

The government of Minas Gerais has nominated Márcio Augusto Vasconcelos Nunes as the new president of Cemig, while current CEO Alexandre Ramos Peixoto is slated to transition to chairman of the board. This leadership reshuffle within the state-controlled utility follows a pattern of political oversight in Brazilian regional energy firms.