Lula Appoints New Correios President Amid Financial Challenges
Lula has appointed a new Correios president from Banco do Brasil to tackle financial losses.
Key Points
- • New president appointed from Banco do Brasil
- • Appointment aimed at addressing financial losses
- • Emphasis on public administration's role
- • Strategic overhaul anticipated for Correios
On September 17, 2025, President Luiz Inácio Lula da Silva appointed a career employee from Banco do Brasil as the new president of Correios, Brazil's state postal service. This decision comes as the company faces significant financial difficulties, reporting losses for the years 2024 and 2025.
The appointee, whose name has not yet been disclosed, is expected to bring experience and stability at a time when Correios needs effective leadership to navigate its fiscal challenges. Lula highlighted the importance of strong public administration in addressing the company’s ongoing issues, emphasizing that this appointment reflects the government’s commitment to revitalizing the institution.
Correios has been struggling with mounting financial losses, placing increased pressure on the government to implement reforms and improve services. The new leadership is anticipated to focus on turning around the operational inefficiencies that have plagued the postal service, with expectations of a strategic overhaul and potential diversifications to boost revenue.
"The success of Correios is crucial not only for the postal industry but also for the economy, as it plays a key role in logistics and communications in Brazil," Lula stated following the announcement. This move shows Lula’s strategic emphasis on enhancing the efficiency of state-run enterprises during challenging economic times.