Petrobras respects minority shareholders again: board member

Minority shareholders of Brazilian state oil giant Petroleo Brasileiro are respected again under the leadership of Chief Executive Pedro Parente, and management is on the same page, a company board member said.

Marcelo Mesquita, who has represented holders of common shares on Petrobras’ board for almost a year, said that investors are now certain that the company is not “an instrument of public policy,” despite lingering concerns about debt reduction and internal bureaucracy.

Read more

Categories: CEO, Petrobras

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s