By Reuters Staff
1 Min Read
FILE PHOTO: A logo of Brazil s state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes
BRASILIA (Reuters) - Brazil’s state-run oil firm Petrobras said on Monday that the government had nominated six individuals as potential members of the firm’s board of directors, to be voted on at the upcoming extraordinary general meeting.
Five have been nominated by the Ministry of Mines and Energy and one by the Economy Ministry, Petroleo Brasileiro SA, as the company is formally known, said in a securities filing.
It said the government could still put forward two more names.
Brazil s Petrobras receives six board nominations from government reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
February 26, 2021
RIO DE JANEIRO (AFP) – Brazil’s state-run oil company, Petrobras, announced on Wednesday it returned to profit in the fourth quarter of 2020, welcome news two days after its stock took a 20-per-cent nose-dive.
Petrobras beat analysts’ expectations to post a net profit of BRL59.9 billion (USD11 billion, at the current exchange rate) for the period from October to December, reversing three straight quarters of losses fueled by the coronavirus pandemic.
The result was strong enough for Brazil’s biggest company to end the Covid-shaken year with a surprise annual profit of BRL7.1 billion.
It will likely be the company’s final quarter under Chief Executive Roberto Castello Branco, a respected economist whom President Jair Bolsonaro decided last week to replace with an army reserve general.
The board of Brazil's state-run oil company Petrobras on Tuesday authorized an extraordinary shareholder meeting to begin the process of replacing Chief Executive Roberto Castello Branco with former Defense Minister Joaquim Silva e Luna.
<div class="at-above-post addthis tool" data-url="https://www.metro.us/brazils-petrobras-executive-management/"></div>RIO DE JANEIRO (Reuters) – Petroleo Brasileiro SA’s executive management is considering resigning en masse after the Brazilian government decided to replace Chief Executive Roberto Castello Branco, three people close to the management said, asking not to be named as information is private. President Jair Bolsonaro earlier said he had decided to appoint former Defense […]<! AddThis Advanced Settings above via filter on get the excerpt ><! AddThis Advanced Settings below via filter on get the excerpt ><! AddThis Advanced Settings generic via filter on get the excerpt ><! AddThis Share Buttons above via filter on get the excerpt ><! AddThis Share Buttons below via filter on get the excerpt ><div class="at-below-post addthis tool" data-url="https://www.metro.us/brazi