Brazil’s transition team asks Petrobras CEO to suspend company’s divestment plan

(Reuters) - Brazil's government-elected transition team asked state-run oil company Petrobras' (PETR4.SA) Chief Executive, Caio Mario Paes de Andrade, to suspend the company's divestment plan so they have time to decide which asset sales would go ahead in the coming years, transition team member Mauricio Tolmasquim told Reuters on Monday. "It would be ideal to suspend everything... Continue Reading →

Petrobras approves election of CEO

Petróleo Brasileiro S.A - Petrobras, informs that its Board of Directors, in a meeting held today, by majority vote, nominated Mr. Caio Mário Paes de Andrade as Petrobras' Director until the next General Shareholders' Meeting and elected him as the company's CEO, the latter to hold office until April 13, 2023. Below is an extract... Continue Reading →

Incoming Petrobras CEO tells committee he has no government guidance on pricing policy

(Reuters) - The incoming chief executive of Brazil's state-run oil company Petrobras (PETR4.SA) told a corporate committee he has not received any guidance from the government on changing the firm's fuel pricing policy, a document showed on Saturday. Caio Mario Paes de Andrade, a former economy ministry official appointed by President Jair Bolsonaro to run Petrobras, was... Continue Reading →

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