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

Old Livestock Carriers Spark Animal Welfare and Pollution Debate

Old Livestock Carriers Spark Animal Welfare and Pollution Debate

Digital Threatscape is Rapidly Evolving for Global Energy Systems

Digital Threatscape is Rapidly Evolving for Global Energy Systems

Hurtigruten Launches New Route

Hurtigruten Launches New Route

Port Milwaukee Experiences Upwards Cargo Growth in 2025

Port Milwaukee Experiences Upwards Cargo Growth in 2025

Subscribe for Maritime Logistics Professional E‑News

EU safety body urges airlines to avoid Iran's airspace until March 31,
FedEx's Holiday-Quarter Adjusted Profit to Top Wall Street's View
Air Canada's core profit for 2026 is slightly higher than expected due to international demand