- Petrobras chairman Pietro Mendes will step down so he can take a seat on the board of Brazil’s oil regulator ANP, according to reports on Bloomberg, citing an article in O Globo.
- Board member Bruno Moretti is set to replace Mendes as chairman, according to O Globo.
- The government is also expected to nominate Benjamin Alves Rabello for the vacant seat on Petrobras’s board after Mendes’s exit.
Shares in Petrobras fell over 1% following the news and USDBRL has trimmed losses on the day, now down 0.2%.
BRAZIL: Petrobras Chairman Pietro Mendes To Step Down
Last updated at:Dec-04 18:39By: Keith Gyles
Brazil
- Petrobras chairman Pietro Mendes will step down so he can take a seat on the board of Brazil’s oil regulator ANP, according to reports on Bloomberg, citing an article in O Globo.
- Board member Bruno Moretti is set to replace Mendes as chairman, according to O Globo.
- The government is also expected to nominate Benjamin Alves Rabello for the vacant seat on Petrobras’s board after Mendes’s exit.
Shares in Petrobras fell over 1% following the news and USDBRL has trimmed losses on the day, now down 0.2%.
