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Stock impact report

Brazil Petrobras' next CEO already working inside company: sources [Reuters]

Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A) 
US:NYSE Investor Relations: investidorpetrobras.com.br/en
Company Research Source: Reuters
Brazil Petrobras' next CEO already working inside company: sources | Reuters 3 Min Read RIO DE JANEIRO (Reuters) - Petroleo Brasileiro SA’s next CEO is already working within the Brazilian state-controlled oil firm and is talking with employees about business plans, four sources told Reuters. Roberto Castello Branco, named by president-elect Jair Bolsonaro’s economic team to take the helm at Petrobras, is expected to take up the chief executive role next year pending approval by the company’s board. However, the sources, who spoke on condition of anonymity, said Castello Branco already had access to internal documents and had taken part in discussions around Petrobras’ new five-year strategic plan, which was made public on Wednesday. He did not make any changes. Brazilian daily O Estado de S.Paulo reported on Thursday that Castello Branco was likely to make changes to the plan once in his new role. The sources told Reuters Castello Branco is also studying moves such as privatizing fue Show less Read more
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