Stilwell elected CEO with 99.98% of the votes at EDP’s general meeting

  • ECO News
  • 19 January 2021

The company's extraordinary general meeting was held this Tuesday, with the participation of three-quarters of shareholders.

EDP shareholders approved Miguel Stilwell d’Andrade as the new CEO, replacing António Mexia. The vote took place this Tuesday at a remote shareholders’ meeting, and 99.98% of those present gave the okay to the new management team, according to ECO.

73.9% of the shareholders were represented at the general meeting, with the second item on the agenda being the most relevant: to decide on the election of the Executive Board of Directors for the three-year term of office (2021-2023). The new board will be headed by Miguel Stilwell (who has been acting as interim CEO following the judicial suspension of António Mexia’s duties) and will also include directors Rui Teixeira, Miguel Setas and Vera Pinto Pereira and Ana Paula Marques (the latter coming from operator Nos).

Of those attending, 99.98% approved the proposal. The proposal had been made by the majority shareholders China Three Gorges, as well as Oppidum Capital, Senfora, the BCP Group Pension Fund and Sonatrach, so the election was guaranteed.