CEO ouster has consequences: four Petrobras board members will leave

Petrobras disclosed messages from the board members in a securities filing, stating their reasons for effectively resigning just over a week after the country’s president ousted its CEO over pricing policy.

RIO DE JANEIRO, BRAZIL - Four board members at Brazil’s Petrobras will step down at the end of their terms, the company said on Tuesday night, March 2nd, another sign of turmoil at the helm of the state-run oil producer.

Petrobras disclosed messages from the board members in a securities filing, stating their reasons for effectively resigning just over a week after the country’s president ousted its CEO over pricing policy.

After complaining about high . . .

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