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

The US Says More Oil is Leaving the Middle East, but is it really?

The US Says More Oil is Leaving the Middle East, but is it really?

Greensea IQ Launches Autonomous Hull and Infrastructure Inspection Robot

Greensea IQ Launches Autonomous Hull and Infrastructure Inspection Robot

Cruise Ship First to Bunker LNG at Civitavecchia

Cruise Ship First to Bunker LNG at Civitavecchia

Bryan Jones Named HDR Marine Terminals Leader

Bryan Jones Named HDR Marine Terminals Leader

Subscribe for Maritime Logistics Professional E‑News

American Airlines changes its leadership after CEO is under pressure to close the profit gap
Wall Street Journal, August 13,
Etna ash causes Catania airport to be closed for longer, disrupting travel during peak season