New Chief Financial Executive Officer of Petrobras Distribuidora (BR)

Rio de Janeiro, August 28, 2017 – Petróleo Brasileiro S.A. – Petrobras informs that the Board of Directors of its wholly-owned subsidiary, Petrobras Distribuidora S.A. (BR), approved, in a meeting held on August 25, 2017 the election of Mr. Rafael Salvador Grisolia for the position of Chief Financial Executive Officer, with a term of office until July 2019.

Rafael Salvador Grisolia is a Production Engineer, holding an MBA from Coppead/UFRJ.  His extensive career experience includes working in the finance department of Esso – affiliated company of ExxonMobil Corp., and Cosan Combustíveis e Lubrificantes S.A., having held the position of Chief Financial Officer (CFO) of Grupo Trigo S.A. and CFO and Investor Relations Officer (IRO) of Cremer S.A.. Mr. Rafael Salvador Grisolia also held the position of CFO and IRO at Inbrands S.A., resigning to assume the position at BR.

The nomination was subject to previous analyses by the Petrobras Board of Directors’ Committee on Nominating, Compensation and Succession.

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