Petrobras

No more political appointments at Petrobras, says new CEO

Agência Brasil
20/05/2016 14:11
Visualizações: 2268 (0) (0) (0) (0)

Appointed as the new Petrobras CEO, former minister Pedro Parente said leadership roles at Brazil's state-run oil company will not be filled through political appointments. According to him, this is a “clear direction” he received from Brazil's interim President Michel Temer.

 

According to Parente, the ban on political appointments will make Petrobras executives' and his own job easier. “That was one of the points that weighed into my decision [to accept the invitation to head Petrobras].” He said whether he will maintain or replace the current board members is still open. “This is at the discretion of the chief executive. Petrobras's governance mechanisms will function as they should at any large company. I may appoint new board members or recommend terminations. That's just the ordinary.”

 

Commending the current management, Parente said the guideline is continuing to improve Petrobras's governance to make it strictly professional. “The government's relationship to Petrobras is as a controlling stakeholder. That's how Temer sees it and that's how I see it myself, and that's what should guide our job. We'll take a strictly professional approach, devoted to the best interests of the company and its stakeholders,” he said.

 

“I am aware of my responsibilities. I know from the press that a divestment program is in place at Petrobras. We should certainly reconsider if we will go on with it. I can't give further details,” he said about the possibility of selling Petrobras assets.

 

Parente must be approved by Petrobras's board of directors before he can take over.

 

Most Read Today
see see
BOGE2026
Bahiagás Highlights Bahia’s Leading Role in the Energy T...
30/05/26
Investments
Petrobras Announces Investments of More Than R$ 70 Billi...
30/05/26
BOGE2026
Benel Marks Presence at Bahia Oil & Gas Energy and Annou...
30/05/26
BOGE2026
Oil States Reinforces Commitment to Innovation and Opera...
29/05/26
BOGE2026
PetroReconcavo Discusses the Future of Oil and Gas at Ba...
29/05/26
BOGE2026
Lumina Group Makes Its Presence Felt at Bahia Oil & Gas ...
29/05/26
BOGE2026
Bahia Brings Together Industry, Innovation, and Business...
28/05/26
Royalties
Amounts related to March production for concession and t...
28/05/26
BOGE2026
Oil & Gas Expansion Boosts Demand for Industrial Waste T...
28/05/26
BOGE2026
BRAVA Energia Marks Presence at Bahia Oil & Gas Energy 2...
27/05/26
IBP
Brazil Can Expand Its Prominence as a Global Energy Supp...
27/05/26
Investments
Petrobras and Transpetro announce R$ 2.8 billion in inve...
27/05/26
International Company News
Jumbo orders a new class of versatile heavy lift vessels
27/05/26
BOGE2026
The Largest Oil and Gas Event in the North and Northeast...
25/05/26
BOGE2026
With production on the rise, independent players lead di...
25/05/26
ANP
ANP Workshop Debates Boosting Oil and Gas Exploration in...
25/05/26
BOGE2026
ANP participates in Bahia Oil & Gas Energy 2026, in Salvador
25/05/26
Fenasucro
Future Fuel consolidates Brazilian pioneering role and b...
20/05/26
Partnership
Radix partners with Repsol Sinopec Brasil and PUCRS to c...
20/05/26
Communication
The behind-the-scenes story of communication and adverti...
20/05/26
Result
Total oil production under production-sharing regime hit...
20/05/26
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.