After Brazilian President Jair Bolsonaro’s selections for CEO and Chairman of Petrobras each declined their nominations final week, the strain was on to search out replacements earlier than the corporate’s annual shareholders assembly on April 13. The federal government has this week chosen new nominees for the roles, each people with oil and fuel expertise.
Jose Mauro Coelho has been nominated to function CEO. Coelho has greater than 25 years {of professional} expertise within the oil sector. At present chairman of Pré-Sal Petróleo, an company that manages manufacturing sharing contracts in Brazil’s pre-salt areas, Coelho was previously Secretary of Oil, Pure Gasoline and Biofuels on the Ministry of Mines and Vitality and Director of Oil, Gasoline and Biofuels Research at Empresa de Pesquisa Energética (a public firm linked to the Ministry of Mines and Vitality).
Marcio Andrade Weber has been nominated to change into chairman of Petrobras. He labored for the corporate for 16 years, and was concerned within the improvement of the Campos Basin.
Coelho’s and Weber’s appointments are topic to approval by shareholders at subsequent week’s assembly.
