Petrobras CEO: C-Suite Managers May Have to Resign

Posted by Joseph Keefe
Wednesday, December 17, 2014

Senior management at Brazil's state-run oil company Petroleo Brasileiro SA may have to resign to avoid further delays of the company's audited third-quarter earnings report, Chief Executive Maria das Graças Foster said on Wednesday.

Foster said President Dilma Rousseff had not accepted her offer to step down in the midst of an investigation into an alleged corruption scheme involving the company, contractors and the ruling political coalition.


Reporting by Jeb Blount and Marta Nogueira

Categories: Contracts Energy Finance Fuels & Lubes Government Update Legal Offshore Offshore Energy People & Company News People

Related Stories

Third VLCC Exits Strait of Hormuz

Two Chinese VLCCs Exit Strait of Hormuz

US Charges Executives and Firms Over Container Cartel

Current News

CMA CGM Q1 Resilient, but Shipping Margins Tighten Amid Geopolitical Turbulence

EU Temporarily Suspends Fertilizer Duties Amidst Hormuz Crisis

Syria, CMA CGM to Operate Two Dry Ports

Jon Oakey, Retired Port of Aberdeen CFO, Wins Finance Lifetime Achievement Award

Subscribe for Maritime Logistics Professional E‑News