INTERNATIONAL NEWS

Petrobras Names Oliveira As Interim CEO

By Kelvin Alohan with agency report

Carlos Alberto Pereira de Oliveira, Petrobras chief exploration and production officer, has been nominated by the company as interim Chief Executive Officer (CEO) pending the election and inauguration of a new chief executive officer.

The company’s former CEO, Roberto da Cunha Castello Branco, was dismissed as a member of the company’s Board of Directors at the Extraordinary General Meeting (EGM), which implied his removal from his executive position as CEO.

This follows the company’s bylaws which state that the Chief Executive Officer must be one of the members of the board. Branco had served as Chief Executive Officer and a board member since January 2019.

Petrobras announced the nomination of Carlos Alberto Pereira de Oliveira as its new CEO in a statement released on April 12.

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