Petrobras reports that its Board of Directors approved the appointment of Mr. Walter Mendes de Oliveira Filho (photo) for the position of member of the company's Board of Directors. The election of Mr. Walter Mendes will be submitted to the next General Shareholders' Meeting of Petrobras, called for August 09, 2019.

Mr. Walter Mendes de Oliveira Filho holds a degree in Economics from USP and post-graduation degree from PUC-SP, with most of his professional career in positions related to investment management, such as: Head of Investment Research at Unibanco; Head of Schroder Investment Management Brazil and Latin America Executive Officer at Schroder Investment Management Plc.; Equities Superintendent at Banco ltaú; Managing Partner of Cultinvest Asset Management and Executive Officer of the Acquisitions and Mergers Committee. In 2016, he was appointed CEO of Petros - Fundação Petrobras de Seguridade Social and in 2018 he took over his current position as chairman of Funcesp - Fundação CESP. He was a Member of the Board of Directors of Petrobras, elected by the minority shareholders, where he headed the Statutory Audit Committee. He also held the position of Member of the Board of Directors at ltausa, lnvepar and Santa Helena. He was CEO at AMEC - Capital Market Investors Association, where he currently chairs the Deliberative Board. He was Chairman of APIMEC Investment Analysts Supervisory Committee. He is currently member of the Board of the Acquisitions and Mergers Committee and of the Deliberative Board of ABRAPP - Brazilian Association of Closed Entities of Complementary Pension Plans.