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Stock impact report

After rescuing Petrobras, CEO Parente called in to calm BRF 3:53pm EDT [Reuters]

Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A) 
US:NYSE Investor Relations: investidorpetrobras.com.br/en
Company Research Source: Reuters
After rescuing Petrobras, CEO Parente called in to calm BRF | Reuters 4 Min Read SAO PAULO (Reuters) - A Brazilian commodities giant racking up losses as tensions flare on its board and corruption scandals grab headlines — Pedro Parente has been here before. The scale of challenges at food processor BRF SA may not compare with what the 65-year-old chief executive of Petroleo Brasileiro SA tackled at the state-run oil company. But people with firsthand knowledge of his work say the experience prepared him well for the task ahead. Parente is expected to be confirmed on Thursday as chairman of the board at BRF, the world’s largest poultry exporter, which lost more than 1 billion reais ($290 million) last year and is seeking its fourth chief executive in five months. His nomination has helped forge consensus among bitterly divided shareholders, who are counting on his track record of cool-headed leadership amid crisis to help settle the currently headless chicken processor. BRF shares hav Show less Read more
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