Photo: André Luis Rodrigues, Chief Financial Officer, received the awards on behalf of WEG. 

Credit: Andre Salgueiro

WEG was one of the winners of the "Empresas Mais" award offered by the Brazilian financial newspaper Estadão. Besides being awarded the 2nd place for Machinery and Equipment sector, the company was distinguished in the Corporate Governance ranking, according to a survey conducted by Austin Rating, Foundation Institute of Administration (FIA), and financial newspaper Estadão.

Considering the Brazilian companies with the best results and positive impacts on the Brazilian economy in 23 sectors, the ranking takes into account the business performance and also the best management practices, based on criteria predetermined by the technical evaluation team.

The selection of the top three in each segment was a result of an analysis of 3600 Brazilian companies, which was conducted in partnership with the FIA and Austin Rating. This year´s ranking has also elected the companies with best practices on corporate governance and innovation initiatives.

The award ceremony was held on September 13th in São Paulo and was attended by Brazil´s Minister of Finance, Eduardo Guardia.