Petróleo Brasileiro S.A. – Petrobras, in clarification to the piece of news of O Globo under the title “Petrobras Board chooses today a new member in indirect election”, informs that there is no meeting of the Board of Directors of the company scheduled for today to address this subject.
As disclosed in the release dated May 31, 2021, under the terms of articles 141, paragraph 3, and 150 of Law 6,404/76 and article 25 of the Bylaws, the position of Board of Directors member that is vacant can be filled by a substitute appointed by the Board of Directors until the next General Shareholders’ Meeting is held for the new election of the 8 Board members elected by multiple vote in the Extraordinary General Meeting of April 12, 2021, there being no requirement to call a specific meeting for this purpose.
The members of the Board of Directors are nominating candidates who will be submitted to the internal procedures of corporate governance, including the respective analyses of compliance and integrity. Subsequently, the candidates will be forwarded for evaluation by the People Committee (COPE). After the COPE’s evaluation, the company’s Board of Directors will deliberate on the matter. Petrobras will keep the market informed about any decision regarding changes to its Board of Directors.