Petrobras’s CEO sees need to empower middle management

The head of Brazil’s state-controlled oil giant Petrobras has called in an international consultancy firm to make middle management at the scandal-hit firm more proactive.

Petroleo Brasileiro SA last week posted a record first-quarter operating profit but Chief Executive Pedro Parente said the company’s turnaround was still far from complete and one area where the company needs to improve is management indecision, which worsened with the revelations of the corruption scandal known as Operation Car Wash.

“What we are seeing is that mid-level managers are very afraid of taking decisions,” Parente said at a conference in London on Tuesday.

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Categories: CEO, Petrobras

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