Brazil’s Petrobras says four top executives leaving with outgoing CEO

The big clean-up at Petrobras is now also taking hold of the management floors. This should be advantageous for the new CEO Joaquim Silva e Luna, as he can immediately fill key positions at his own discretion.

RIO DE JANEIRO, BRAZIL - Four senior executives at Brazil’s state-run oil company Petrobras will step down, the company said on Wednesday, March 24th, following outgoing Chief Executive Roberto Castello Branco out the door.

Investor relations chief Andrea Almeida, sales and logistics chief André Chiarini, exploration and production head Carlos Alberto Pereira de Oliveira and executive head of development and production Rudimar Lorenzatto all told the board they did not plan to stay for another term.

Brazilian President Jair Bolsonaro fired Castello Branco as head of Petrobras, in February after the pair clashed over the company’s fuel pricing . . .

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