Vale CEO Ferreira to Lead Petrobras Board

March 27, 2015

Brazil's government has selected Murilo Ferreira, the chief executive officer of miner Vale SA, to head the board of state-run Petroleo Brasileiro SA, according to a filing from the oil company on Friday.

The board will vote on the nomination at a shareholder's meeting on April 29, the filing said. The Brazilian government is Petroleo Brasileiro's controlling shareholder.

On Thursday Petrobras, as the state-run firm is better known, named Luciano Coutinho, the head of Brazil's state development bank BNDES as its chairman until the next shareholder meeting.

Petrobras said in another filing that its board would not vote on its financial results at the April 29th meeting.


Reporting by Caroline Stauffer
 

Logistics News

Crew Evacuated After Fire and Explosion on ONE Henry Hudson at Port of Los Angeles

WattHub Opens Second Fast Charging Plaza in Rotterdam

WattHub Opens Second Fast Charging Plaza in Rotterdam

CMA CGM Resumes Food Cargo Trade with Russia

CMA CGM Resumes Food Cargo Trade with Russia

STI, Frutas de Chile Launch Cherry Season with Largest Number of Direct Shipments to Asia

STI, Frutas de Chile Launch Cherry Season with Largest Number of Direct Shipments to Asia

Subscribe for Maritime Logistics Professional E‑News

Australia's Northern Territory prepares for Tropical Cyclone Fina
Since August, the US sanctions have hit India, Russian Urals prices in India have tripled.
BP crew excavates Olympic Pipeline but has yet to determine cause of leak