Rio de Janeiro, January 29, 2018 – Petróleo Brasileiro S.A. – Petrobras announces that its Board of Directors, in a meeting held today, has elected the engineers Eberaldo de Almeida Neto as Petrobras Chief Human Resources, HSE and Services Officer and Hugo Repsold Júnior as Petrobras Chief Production Development and Technology Officer.

Eberaldo de Almeida Neto held the position of Executive Manager of Goods and Services Supply since April 2016. Eberaldo holds a degree in Electrical Engineering from UFRJ, an MBA in Advanced Business Management from COPPEAD and attended the Advanced Management Program from the IESE Business School (University of Navarra – Spain). He has been working for 31 years in the company, where he has held several managerial positions in the areas of Exploration and Production and Submarine and Contracting Services.

Hugo Repsold Júnior held the position of Chief Human Resources, HSE and Services Officer since April 2016 and was occupying the post of Chief Production Development and Technology Officer on an interim basis since November 2017. With the election held on this date, Hugo leaves the Human Resources, HSE and Services Office to take over the Production Development and Technology Office definitively. Hugo has a bachelor degree in Mechanical Engineering from Universidade Federal Fluminense (UFF) and in economics from Rio de Janeiro State University (UERJ) as well as a Master degree in Energy Planning from Federal University of Rio de Janeiro (Coppe / PPE / UFRJ). He has been working for 32 years with the company, where he has held the position of Gas and Power Executive Officer and several managerial positions in the areas of Exploration and Production, Strategy and Business Performance and Gas and Energy.

The two executives were subject to prior analysis by the Nominating, Compensation and Succession Committee of Petrobras’ Board of Directors.