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Lula Picks Banco do Brasil Veteran Emmanoel Schmidt Rondon to Lead Correios

The move signals tighter Casa Civil oversight of a cash‑strapped postal service facing steep losses.

Overview

  • The nomination received Casa Civil approval and was sent to the Correios personnel and eligibility committee, with formal appointment expected within days.
  • Rondon succeeds Fabiano Silva dos Santos, who submitted his resignation on July 4 and has remained in a transitional limbo.
  • The decision follows a dispute over control between PT and União Brasil, with the company’s six directorates currently split evenly between the parties.
  • Correios posted a R$2.64 billion net loss in Q2 2025 and R$4.37 billion in the first half, with international posting revenue sharply lower after regulatory changes on low‑value imports.
  • Government interlocutors say the new leadership is expected to carry out personnel cuts and agency rationalization previously resisted, while the company pursues diversification initiatives such as the Mais Correios marketplace.