Miguel Pereira Leite was chosen by EDP’s largest shareholder, China Three Gorges (CTG), to represent it on the company’s general and supervisory board (CGS).
Pereira Leite, a lawyer, will take the place of former finance minister Eduardo Catroga, who announced in February this year that he would abandon the CGS, where he represented CTG.
According to the Portuguese press, Pereira Leite was also chosen to chair the EDP salary committee.
Chinese and Spaniards Increasingly Concentrating Power in Portugal’s EDP
It is expected that Dingming Zhang, Shengliang Wu, Ignacio Herrero Ruiz and Li Li remain as CTG representatives in the same body.
Although the CGS was downsized from 21 to 16 seats, the Chinese maintain the same five places, thus reinforcing their weight from 23.8% to 31.25%.
Miguel Pereira Leite is currently a member of the Municipal Assembly of Porto, chairman of the Board of Directors of Atlantic – Real Estate Investment Funds Management Company since 2005, and partner of P.L.C. Strategy and Management.
Before that, he worked at Morgan Stanley Portugal, where he was chairman of the board of directors, general director and manager. At Morgan Stanley in Spain, he served on the steering committee and, at Morgan Stanley International, he was executive director.
He was also an administrator and member of the executive committee of Banco Chemical Finance, the current Caixa-Banco de Investimento.
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