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

Trade Deal Props U.S. Soya Shipments on Vessels to China

Trade Deal Props U.S. Soya Shipments on Vessels to China

Combi Freighter 5000 ICE Vessel Design Debuts

Combi Freighter 5000 ICE Vessel Design Debuts

MITSUI E&S Secures Order for 15 Rubber Tyred Gantry Cranes

MITSUI E&S Secures Order for 15 Rubber Tyred Gantry Cranes

Smart Port Challenge 2025 Attracts 288 Proposals, Winners Announced

Smart Port Challenge 2025 Attracts 288 Proposals, Winners Announced

Subscribe for Maritime Logistics Professional E‑News

U.S. Shutdown sends airlines into a panic as travel chaos looms
Emirates Group's profit for the first half of 2018 increases 13% due to strong travel demand
Air France-KLM announces third-quarter sales despite rising costs