The place is stuffed by Jean Paul Prates. The corporate will stay within the arms of an interim president till he takes workplace.
The president of the Brazilian state oil firm Caio Paes de Andrade, I surrender formally in workplace this Wednesday, to be occupied by Senator John Paul Pratesidentified the nation’s new president, Luiz Inácio Lula da Silva.
From a market perspective, the corporate’s board of administrators authorized the resignation on Wednesday unanimously and agreed to the “early closure” of administration Paes de Andrade and appointed the engineer interim president João Henrique Rittershausen.
The interim president, who has been with the corporate for 35 years, will maintain the place “till takeover” of the brand new firm proprietor.
In line with a press release on Wednesday, Paes de Andrade has additionally resigned from his place on the board of administrators.
The biggest firm within the nation
On Tuesday night, in one of many first acts with the brand new authorities, the Division of Mines and Power despatched a letter to the oil firm formalizing the appointment of Prates as the brand new president of the most important firm within the nation.
“The disclosure, as soon as efficient, will likely be submitted to the interior governance course of utilized to the coverage on the appointment of administrators for evaluation of authorized necessities,” Petrobras stated in a press release launched on Tuesday.
vital of the circulate Dividend Distribution Coverage of the corporate could have Prates as challenges regain the strategic character from the state-owned firm and scale back the dependence of home gas costs in Brazil on these of the international market.
Who’s Prates?
Prates, whose title was instructed by Lula as of December 30 final yr, is a Lawyer, economist and trade specialist and based on the pinnacle of state additionally the most effective “to guide the corporate into an ideal future”.
After the appointment, the brand new President of Petrobras assured on social networks that the state-owned firm needed to “unify” its character as an e-commerce firm.combined financial system and its structuring within the Brazilian financial system.
State-controlled and with shares traded on the Sao Paulo, New York and Madrid inventory exchanges, Petrobras is taken into account “the jewel within the crown” of Brazil.
EFE
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