(Reuters) – The chief executive of Brazil’s Braskem SA , Roberto Simoes, is set to leave the petrochemical producer on Jan. 1, 2023, three years after taking office, the company said on Monday.
Controlling shareholder Novonor has tapped Roberto Bischoff as the firm’s new CEO, Braskem added in a securities filing, noting that his nomination will now be submitted for board approval.
Bischoff currently serves as CEO of oil and gas firm Ocyan, also controlled by conglomerate Novonor. He had previously worked at Braskem for 40 years until 2019.
Novonor holds 50.1% of Braskem’s voting capital, while state-run oil giant Petroleo Brasileiro SA (PETR4.SA) owns 47%. Both companies, however, have been long hinting at a potential stake sale.
Brazil Energy Insight 
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