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

Port of Los Angeles Reports Record Low Emissions

Port of Los Angeles Reports Record Low Emissions

Import Window for Brazil Ethanol to Reopen in January

Import Window for Brazil Ethanol to Reopen in January

Citi: Oil Prices Remain Unstable Despite Recovering Gulf Exports

Citi: Oil Prices Remain Unstable Despite Recovering Gulf Exports

Asian Imports of LNG to Increase Despite Rising Costs

Asian Imports of LNG to Increase Despite Rising Costs

Subscribe for Maritime Logistics Professional E‑News

Oil giants rush in to help Italy's Meloni reduce energy costs by introducing fuel price caps
Zimbabwean businessman Chivayo who was close to the ruling elite killed in helicopter crash
Manishi Raymondchaudhuri: The thaw in the Sino-Indian relationship will be a major test for economic growth