Management ChangeMay 7, 2026, 06:09 AM
AXIA Energia Begins CEO Succession Process; New Executive VP Appointed
AI Summary
AXIA Energia S.A. announced the commencement of its CEO succession process, anticipating the conclusion of current CEO Ivan de Souza Monteiro's term on April 30, 2027. The Board of Directors approved the creation of a temporary Executive Vice Presidency, effective June 1, 2026, to be held by Élio Wolff, currently Vice President of Strategy and Business Development. This structured transition aims to reinforce corporate governance and ensure continuity in the company's long-term strategy.
Key Highlights
- AXIA Energia initiated its CEO succession process for Ivan de Souza Monteiro, whose term ends April 30, 2027.
- The Board of Directors approved the creation of a temporary Executive Vice Presidency, effective June 1, 2026.
- Élio Wolff, currently VP of Strategy and Business Development, was appointed as the new Executive Vice President.
- Several Vice Presidencies will report to the new Executive VP during the transition period until May 1, 2027.
- The Vice Presidency of Strategy and Business Development will be dissolved as of June 1, 2026.
- The succession process aims to maintain long-term strategy, strengthen corporate governance, and ensure a smooth transition.