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The board of administrators at Petrobras, Brazil’s state-controlled oil and gasoline main, has authorised the nomination of Caio Paes de Andrade to turn out to be the corporate’s new chief govt officer. The Brazilian authorities had introduced on Might 23 its intention to call Mr. Andrade to the place.
In line with Petrobras, Mr. Andrade is not going to have to have his identify authorised in a shareholders’ assembly. It’s because former CEO José Mauro Coelho resigned final week, leaving a emptiness on the helm of the corporate, and it’s subsequently as much as the board, on which the federal government controls six of…
Entry all of The Brazilian Report
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