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

Inland Tank-Barge Safety Guide Updated

Inland Tank-Barge Safety Guide Updated

BY THE NUMBERS: Copper is Cargo Theft King

BY THE NUMBERS: Copper is Cargo Theft King

SeaTac Marine Leverage MARAD Grant for New Equipment

SeaTac Marine Leverage MARAD Grant for New Equipment

First Green Methanol Bunkering of New Car Carrier Successfully Completed

First Green Methanol Bunkering of New Car Carrier Successfully Completed

Subscribe for Maritime Logistics Professional E‑News

Trump announces that US airlines will be able to fly to Lebanon again for the first time since 1985
Shares of freight group DSV fall 13% on cash flow decline and disappointing earnings
Canada cancels joint celebration of bridge with US, citing Trump's trade threats