Brazil’s Petrobras receives six board nominations from federal government

RIO DE JANEIRO, BRAZIL – Brazil’s state-run oil firm Petrobras said on Monday, March 8th, that the federal government had nominated six individuals as potential members of the firm’s board of directors, to be voted on at the upcoming extraordinary general meeting.

Five have been nominated by the Ministry of Mines and Energy and one by the Economy Ministry, Petrobras said in a securities filing. It said the government could still put forward two more names.

This comes after four directors said last week they would be stepping down, following President Jair Bolsonaro’s decision last month to replace Chief Executive Roberto Castello Branco with retired military general Joaquim Silva e Luna.

The six names nominated on Monday are Silva e Luna, Eduardo Bacellar Leal Ferreira, Ruy Flaks Schneider, Márcio Andrade Weber, Murilo Marroquim de Souza and Sonia Julia Sulzbeck Villalobos.

No date has yet been set for the extraordinary general meeting.

Related coverage: Economy minister: Brazil to get extra 5 million COVID-19 doses from Pfizer · Two-thirds of tropical rainforest destroyed or degraded globally, NGO says · FOCUS Survey: Brazil's 2021 inflation now forecast at 4.0%, 2022 outlook also rises · Brazil study suggests AstraZeneca vaccine is effective against Brazil COVID-19 variant

More: Brazil news in English, every day from The Rio Times.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

Brazil runoff, Sunday, October 25: Brazil runoff date. Latest: Brazil runoff polls, Flávio 51%, Lula 49%.