marine link image
Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

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

MacGregor Reports Record Profitability as Q3 Orders Surge 126%

MacGregor Reports Record Profitability as Q3 Orders Surge 126%

Asia Break Bulk Expands Fleet with Four Heavy-Lift Vessel Newbuilds

Asia Break Bulk Expands Fleet with Four Heavy-Lift Vessel Newbuilds

Russian Oil Freight Rates Remain High Amidst Tanker Shortage, Black Sea Attacks

Russian Oil Freight Rates Remain High Amidst Tanker Shortage, Black Sea Attacks

Saudi Crude Oil Exports Rise in October

Saudi Crude Oil Exports Rise in October

Subscribe for Maritime Logistics Professional E‑News

Maricarmen Abascal has died. She was the evicted Spanish 80-year-old who was at the heart of Spain’s housing protests.
Oil giants rush in to help Italy's Meloni reduce energy costs by introducing fuel price caps
Manishi Raymondchaudhuri: The thaw in the Sino-Indian relationship will be a major test for economic growth