In this news, we discuss the Petrobras Board of Directors convenes shareholders meeting to replace CEO
BRASILIA (Reuters) – The board of directors of Brazilian state oil company Petrobras on Tuesday authorized an extraordinary shareholders’ meeting to begin the process of replacing chief executive Roberto Castello Branco with former defense minister Joaquim Silva e Luna.
The company, officially known as Petroleo Brasileiro SA, added that the board of directors said it “will continue to strictly adhere to Petrobras’ standards of governance, including with respect to the pricing policy of the company. ‘business.
Reporting by Anthony Boadle; Editing by Brad Haynes and Christian Plumb
Original © Thomson Reuters
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