Companhia de Saneamento Básico do Estado de São Paulo (SABESP) announced a significant restructuring of its governance on October 15, 2024. This included the appointment of a new Chief Executive Officer, a new Chief Financial Officer, and a new Chair, signaling a comprehensive leadership overhaul.
The company also strengthened its Audit Committee with new leadership and elected an entirely new Board of Directors during an online meeting. These changes are integral to SABESP's ongoing privatization process, aiming to boost overall governance and operational agility.
The strategic appointments and board restructuring are expected to support SABESP's long-term objectives, including its R$70 billion investment plan through 2030 for universal sanitation coverage. This move is designed to enhance efficiency and attract strategic investments as the company transitions.
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