Petrobras Burns Through Another CEO As Coelho Resigns
In what by this time can't be seen as a shock move, Petrobras CEO Jose Mauro Coelho has resigned from the company amid immense political pressure.
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In what by this time can't be seen as a shock move, Petrobras CEO Jose Mauro Coelho has resigned from the company amid immense political pressure.
Bolsonaro, who faces an uphill re-election bid in October amid high inflation and elevated fuel prices, also said he and Lira had discussed opening a congressional investigation into Petrobras' board of directors. Matheus Spiess, an economist at Empiricus, said the move was "clearly negative." "We've already had these shocks during Bolsonaro's government, but lately they have been quite stressful," Spiess said. But Ilan Arbetman, an analyst at Ativa Investimentos, said the move may support Petrobras' shares by decreasing political pressure on the firm and ...
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