Feb 13 • 15:58 UTC 🇧🇷 Brazil G1 (PT)

Chairman of the Board of Directors of Copasa Resigns

Hamilton Amadeo has resigned as the chairman of Copasa's Board of Directors amid the company's privatization process.

Hamilton Amadeo has officially submitted his resignation as chairman of the Board of Directors of Copasa, a significant player in the sanitation sector in Minas Gerais. His resignation was communicated to the financial market and comes at a crucial time as the company is actively undergoing a privatization process, authorized by a legislative bill passed by the Minas Gerais Assembly in late 2025. Amadeo has been at the helm since 2023, having previously served as CEO of Aegea Saneamento between 2011 and 2020.

The resignation has drawn attention as it reflects uncertainty and potential leadership changes within Copasa during a transformative period for the company. Investors and stakeholders were keenly awaiting an official comment from Copasa regarding Amadeo's departure, but the company had not provided any response at the time of the last update on the report. The context of the resignation raises questions about the strategic direction Copasa might take in light of its pending privatization and how this leadership shift could influence investor confidence.

In broader terms, this development relates to ongoing trends in the privatization of public utilities in Brazil, reflecting a larger push by state governments to improve efficiency through private management. The implications of such shifts are significant, affecting not only the market dynamics but also public access to essential services like sanitation, which is vital for community health and well-being.

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