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New Petrobras CEO pushes to oust board members: sources

The new chief executive of Brazil's Petroleo Brasileiro SA is pushing for the ouster of two of the state-controlled oil company's board members, three people with knowledge of the matter said on Friday. Roberto Castello Branco is seeking the resignation of two Petrobras board members, Segen Estefen and Durval Soledade, whose mandates were only supposed to end in 2020. Brazilian newspaper Valor Economico was first to report that Castello Branco was pushing for their exit.
Tags: Science, Brazil, Petrobras, Petroleo Brasileiro SA, Valor Economico, Roberto Castello Branco, Castello Branco, New Petrobras, Segen Estefen, Durval Soledade

At Brazil's Petrobras, a 'Chicago Boy' takes the reins

Depending on who you ask, Roberto Castello Branco, the new chief executive of Brazil's Petroleo Brasileiro SA , will either save the indebted oil major - or strip it to the bone. Tapped by far-right President Jair Bolsonaro, who took power on Tuesday, Castello Branco had said in a June newspaper column he thought Petrobras - as the company is known - should be privatized, a hardcore proposal even in an administration packed with free market advocates. Castello Branco has sharply criticized th...
Tags: Science, Chicago, Brazil, Petrobras, Petroleo Brasileiro SA, Jair Bolsonaro, Roberto Castello Branco, Castello Branco