Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F _______
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MARKET ANNOUNCEMENT |
CENTRAIS ELETRICAS BRASILEIRAS S/A
CNPJ: 00.001.180/0001-26
PUBLIC COMPANY
Centrais Elétricas Brasileiras S/A (“Company” or “Eletrobras”) hereby informs its shareholders and the market in general that in addition to the Market Announcement released on October 11, 2017, Eletrobras’ Executive Board approved, on November 27, 2017, the appointment of Mr. Antônio Varejão de Godoy, to temporarily take office of the Generation Board, in accordance with the provisions of the third paragraph of article 33 of Eletrobras' Bylaws.
We hereby inform that, according to Law 13,303/16 ("State Companies Act"), regulated by Decree 8,945/16, the appointment was previously approved by the Internal Transitory Eligibility Committee ("CITE"), responsible for verifying compliance with the requirements of eligibility listed in article 17 of the State Companies Act and articles 28 to 30 of Decree 8,945/16.
Mr. Antônio Varejão de Godoy, is graduated in Electrical Engineering at Federal University of Pernambuco (UFPE), with Master's Degree in Electrical Engineering from the State University of Campinas - Unicamp and MBA in Business Finance from Fundação Getúlio Vargas. He is a career employee of Eletrobras’ subsidiary Companhia Hidro Elétrica do São Francisco ("Chesf") and, since 1986, has held various positions at Chesf, including Chief Executive Officer, Chief Engineering and Construction Officer and member of the Board of Directors.
Rio de Janeiro, November 28, 2017.
Armando Casado de Araujo
CFO and Investor Relations Officer
CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS | ||
By: |
/S/ Armando Casado de Araujo
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Armando Casado de Araujo
Chief Financial and Investor Relation Officer |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.