Posts filtered by tags: Roberto Castello Branco[x]


 

Petrobras board nominee fined in 2016 for insider trading: documents

One of three new board members nominated by Brazil's government to sit on the board of state-run oil company Petroleo Brasileiro SA was fined in 2016 by securities regulator CVM for insider trading, according to CVM documents on the ruling seen by Reuters. The disclosure raises tough questions for new far-right President Jair Bolsonaro and Petrobras Chief Executive Roberto Castello Branco, who have vowed to end years of graft involving the oil company and Brazil's political class. Nominee Jo...
Tags: Science, Brazil, Petrobras, Reuters, Petroleo Brasileiro SA, CVM, Jair Bolsonaro, Roberto Castello Branco, John Forman


Brazil government nominates three new Petrobras board members amid accusations of meddling

SAO PAULO (Reuters) - Brazil's government on Monday nominated three new board members for state-owned oil company Petroleo Brasileiro SA (Petrobras), amid accusations that new CEO Roberto Castello Branco was pushing to oust board members.
Tags: Science, Brazil, Petrobras, Reuters Brazil, Petroleo Brasileiro SA Petrobras, Roberto Castello Branco


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


New Petrobras CEO pushes to oust board members: report

The new chief executive of Brazil's state-controlled oil company Petroleo Brasileiro SA is pushing for the ouster of two board members, newspaper Valor Economico reported on Friday. Citing unnamed sources close to the matter, Valor said CEO Roberto Castello Branco is trying to push out independent board members Segen Estefen and Durval Santos, whose terms end in 2020. With the departure of Estefen and Santos, the new government would name four of 11 board members at Petrobras, as the company...
Tags: Science, Brazil, Petrobras, Santos, Petroleo Brasileiro SA, Valor Economico, Valor, Roberto Castello Branco, New Petrobras, Segen Estefen, Durval Santos, Estefen


Brazil: Castello Branco toma posse na Petrobras e diz que o Rio pode ser a nova Houston - Kincaid | Mendes Vianna Advogados

Ao tomar posse como novo presidente da Petrobras nesta quinta-feira, Roberto Castello Branco defendeu a manutenção da política de preços da estatal e afirmou que
Tags: News, Brazil, Petrobras, Mendes Vianna Advogados, Roberto Castello Branco, Houston Kincaid


New Petrobras boss seeks free-market 'efficiency' for oil giant

"Monopolies restrict liberty," Roberto Castello Branco told a crowd of officials and Petrobras executives on the day he took up his functions. Petrobras a couple of years ago "was looted by a criminal organization made up of corrupt politicians, enemies of capitalism, and a small group of employees," he said. The harsh words referred to a sprawling, multi-billion-dollar corruption scandal implicating Petrobras and political parties, including those from the Workers Party that ruled Brazil from...
Tags: News, Brazil, Petrobras, Workers Party, Roberto Castello Branco


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


Brazil’s Petrobras to be led by privatization advocate

RIO DE JANEIRO (AP) — Brazil’s president-elect is appointing a pro-market reformer to lead the state oil company Petrobras. The government’s Agencia Brasil on Monday confirmed the appointment of Roberto Castello Branco, a former director of mining company Vale. Castello Branco has advocated privatizing Petrobras, which would be unpopular in sectors that depend on subsidized […]
Tags: Business, News, Ap, Brazil, Rio De Janeiro, Petrobras, Nation & World, Agencia Brasil, Roberto Castello Branco, Vale Castello Branco