Fabiano Silva dos Santos, president of Brazil's state-owned postal service Correios, submitted his resignation letter on July 4, 2025, amid mounting financial losses and political pressure. The company reported a record net loss of 2.6 billion reais in 2024, quadrupling the previous year's deficit, and continued to incur a loss of 1.7 billion reais in the first quarter of 2025. Silva's resignation comes after pressure from key political figures, including Rui Costa, the Minister of the Civil House, and Davi Alcolumbre, the President of the Senate, who are reportedly interested in the leadership position. Silva, affiliated with the Prerrogativas group close to President Luiz Inácio Lula da Silva, is expected to meet with Lula next week to formalize his departure. The crisis at Correios has been described as the most severe in recent years, with deteriorating financial indicators and internal conflicts contributing to Silva's decision to step down. The situation has also coincided with government plans to launch "Mais Correios," a new competitor to private delivery services such as Amazon and Mercado Livre.