The Petrobras Council elects Castello Branco to the presidency of a public company

Report of Cristina Indio do Brasil to Agência Brasil

The Board of Directors of Petrobras elected the economist Roberto Castello Branco to the chairmanship of the company as of 1 January 2019 and the l 39; appointed the Board of Directors from the first day of next year until the next general meeting of shareholders, according to information published today (21). According to the state, the appointment of Castello Branco, made by the President-elect, Jair Bolsonaro, was subject to prior review by the Board's Indication, Remuneration and Succession Committee. administration.

At the same meeting, the Board of Directors approved the waiver. , on December 31, 2018, by Ivan Monteiro of the presidency of the state. In the face of the waiver, Ivan Monteiro resigned as Director of the Petrobras Administration, as his release would occur on the last day of the year.

Directors of Strategy, Organization and Management System, Nelson Luiz Costa Silva; and Refining and natural gas, Jorge Celestino Ramos were also fired on 31 December. Solange da Silva Guedes, Director of Exploration and Production, and Eberaldo de Almeida Neto, Corporate Affairs, according to Petrobras, "will hold these positions, without prejudice to their present duties, for 90 days or until

. future president

Roberto Castello Branco holds a degree in Economics, a Ph.D. from the Getulio Vargas Foundation (FGV EPGE) and a postdoctoral degree from the University of Chicago He has participated in executive education programs at the Sloan School of Management (MIT) and at the International Institute of Management (IMD).

The future president of Petrobras is badociate professor at the Brazilian Foundation of Economics and Economics of the Getulio Foundation.

Castelo Branco was Director of Vale SA, Central Bank of Brazil, Boavista Bank, Banco Boavista (EPGE / FGV) and Director of Center for Studies on Economic Growth and the development of the institution. And InterAtlântico Bank. He was also a member of Petrobras' board of directors between May 2015 and April 2016.

In the note announcing the decisions of the board of directors, Petrobras thanked "the important Ivan de Souza Monteiro's work since his arrival in 2015, as well as the contributions of directors Nelson Luiz Costa Silva and Jorge Celestino Ramos and welcomes Roberto Castello Branco. "