Joaquim Silva e Luna, the incoming CEO of Brazil’s state-run oil company Petrobras, told Reuters that at least part of the executive board could stay on when he takes over in April, a signal that he is not planning a wholesale shake-up of management In February, Brazilian President Jair Bolsonaro announced he was replacing current Chief Executive Castello Branco with Luna, amid disagreements over a string of domestic fuel price increases. Castello Branco’s sacking sent jitters throughout financial markets. “Political appointments aren’t part of my management ideas. I’ve already dealt with political requests. I didn’t accept it and it wasn’t easy,” Luna told Reuters in an interview.
Environment
Reuters exclusively reports incoming Petrobras CEO says he has no plans to push out executives
24 March 2021, 3:28 pm 1 minute
Article Tags
Topics of Interest: Environment
Type: Reuters Best
Sectors: Commodities & Energy
Regions: South America
Countries: Brazil
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story