Petrobras Approves Castello Branco As New President and Revokes Directors | Economy



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Petrobras said Friday night (22) that his board of directors had appointed Roberto Castello Branco as chief executive of the oil company.

Former President-elect Jair Bolsonaro, who replaces the current president of the oil company Ivan Monteiro, effective January 1, 2019.

Former President Roberto Castello Branco, Member of Board of directors of Petrobras, Castello Branco criticizes state intervention in the economy and advocates the privatization of Petrobras, but also other state-owned enterprises.

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The new president, who will also be a member of the board of directors, is a graduate of the University of São Paulo at the University of São Paulo. Economics, with a PhD from the Getulio Vargas Foundation (FGV EPGE) and a postdoctoral fellow at the University of Chicago, the same school as the future Minister of Economy, Paulo Guedes.

Castello Branco was also a director of the Vale Mining Company, the Central Bank, Banco Boavista and Banco InterAtlântico, and was a member of the Petrobras Board of Directors between May 2015 and April 2016.

Monteiro, who took command of the state after the departure of Pedro Parente in mid-June, will be removed from office on 31 December. At the same time, he will also leave the position of councilor. Ivan de Souza Monteiro on a photo of April 2015. – Photo: Marcelo Camargo / Agência Brazil / Archive "Ivan de Souza Monteiro on a photo of April 2015. Photo: Marcelo Camargo / Agência Brazil / src =" data: image / jpeg; base64, / 9j / 4AAQSkZJRgABAQAAAQABAAD / 2wBDAAMCAgMCAgMDAwMEAwMEBQgFBQQEBQoHBwYIDAoMDAsKCwsNDhIQDQ4RDgsLEBYQERMUFRUVDA8XGBYUGBIUFRT / 2wBDAQMEBAUEBQkFBQkUDQsNFBQUFBQUFBQUFBQUFBQUFBQUFBQUFBQUFBQUFBQUFBQUFBQUFBQUFBQUFBQUFBQUFBT / wgARCAARABkDASIAAhEBAxEB / 8QAHAAAAQMFAAAAAAAAAAAAAAAAAAUGBwECAwQI / 8QAFwEAAwEAAAAAAAAAAAAAAAAAAgMEAf / aAAwDAQACEAMQAAABwXQ 7gZXfQXiOc + + // zCFiI7Wwld EAB8QAAICAgEFAAAAAAAAAAAAAAIEAwUAAQYTFTEyNv / aAAgBAQABBQKzE5QT0pLM5GDNl22THuRskFpPLVrp2QuPdXeF7XvzqHnP / 8QAFxEBAQEBAAAAAAAAAAAAAAAAAQIQEf / aAAgBAwEBPwEqAe45 / 8QAGhEAAgIDAAAAAAAAAAAAAAAAAAIBMRIhQf / aAAgBAgEBPwHB + E6FqRrP / 8QAKRAAAgAEBQALAAAAAAAAAAAAAQIAAwQREBIhIkEjMTNCUXFzgZGis // aAAgBAQAGPwJMjaLq9jxHRZ0bwQMPkw9OJe653MxjtfsYNPJcS5KjLt6294Sqo3dVMwLZ7AAAAAAAAAAJAAAAAAAAA AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA AERADFhECFRcbHwQYGh / 9oACAEBAAE / IRErx6dYhMoTAEQLhzgw1NT09cpddrQbUZrQFTBcCESAQ9Ta2jmDUIUHd5c + pxHmdRqxl // aAAwDAQACAAMAAAAQZ6c8 / 8QAGREBAAMBAQAAAAAAAAAAAAAAAQAxQSHw / 9oACAEDAQE / ECI9yLUseyNE / 8QAGxEBAAEFAQAAAAAAAAAAAAAAAQAQESFBcfD / 2gAIAQIBAT8QUAWNxqtPDpQ // 8QAHxABAQACAgEFAAAAAAAAAAAAAREAIRAxQVGB0fDx / 9oACAEBAAE / ECdJeuKATtdQ MPBIk8bpbEibq + + + + 1xTYChaKgQ8DU4gHPABgAs3tGhMoatg9 S1KWwdNwkddLaNIu5e8fnY6 F / 8AtvV4 / 9k = "/>   Ivan de Souza Monteiro on the photo of April 2015. - Photo: Marcelo Camargo / Agência Brasil / Archive

Ivan de Souza Monteiro on a photo of April 2015. – Photo: Marcelo Camargo / Agência Brasil / Arquivo [19659011] The Board also approves or fires Nelson Silva from the position of Executive Director of Strategy, Organization and Management System and Jorge Celestino Ramos from the position of Director. refinery and natural gas, also as of 31.

Second fact. Solange da Silva Guedes, Executive Director, Exploration and Production, and Eberaldo de Almeida Neto, Executive Director, Corporate Affairs, will hold the positions of Licensed Directors for a period of 90 days or until the Board's deliberation.

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