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

New Zealand selects two LNG terminal bidders for energy security

New Zealand selects two LNG terminal bidders for energy security

Port Everglades Contributes $48.3b in Economic Impact, 300,000 Jobs for Florida

Port Everglades Contributes $48.3b in Economic Impact, 300,000 Jobs for Florida

Report Details Four Ship Breakaways During Storm

Report Details Four Ship Breakaways During Storm

Consortium to Advance e-Fuel Green Corridor Between Brazil and Belgium

Consortium to Advance e-Fuel Green Corridor Between Brazil and Belgium

Subscribe for Maritime Logistics Professional E‑News

Underwater footage of a great white shark during the Mediterranean cleanup caught by the camera
LSEG data indicates that Freeport LNG will take in more natgas Monday, after the train was shut down on Saturday.
Maguire: Why Italy's low hydro output could hamper Europe's gas reconstruction efforts