Petrobras new Chief Executive Officer (CEO) election

Rio de Janeiro, June 4, 2018 – Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, at an extraordinary meeting held today, appointed the engineer Ivan de Souza Monteiro as a member of Petrobras’ Board of Directors until the following Shareholders’ Meeting. The Board also elected Mr. Ivan Monteiro to the position as CEO of the company, with a term of office until March 26, 2019, the same term of the other members of the Executive Board.

Mr. Ivan Monteiro will accumulate the positions of CEO and Petrobras’ Chief Financial and Investor Relations Executive Officer (CFO), position that he has held since February 9, 2015, until a new CFO is elected.

Ivan Monteiro holds a degree in Electronic and Telecommunications Engineering, with an Executive MBA in Finance from IBMEC-RJ and in Management from PUC-RJ. At Banco do Brasil (BB), he was Vice President of Financial Management and Investor Relations, Executive Manager of the International Office, Commercial Superintendent, General Manager at BB’s branches in Portugal and New York and Chief Commercial Officer. He had served as member of the Board of Directors of these institutions: Visanet (Cielo), CPFL Energia, Neoenergia and Seguradora Brasileira de Crédito à Exportação (SBCE), Banco Votorantim, BV Participações, BB SH-2 MAPFRE, Ultrapar and BB Seguridade, as well as a member of the Deliberative Council of PREVI. He was also President of the Supervision Committee of BB AG (a Banco do Brasil subsidiary in Austria), Director Vice-President of BB Banco de Investimentos, BB ELO Cartões Participações SA, BB Leasing SA Arrendamento Mercantil and BB Administradora de Cartões SA. Since February 2015 was a member of the Board of Directors of Petrobras Gas S.A. (Gaspetro) and since July 2015 alternate member of Petrobras’ Board of Directors.

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