Petrobras approves army officer proposed by Bolsonaro as new president

The body also gave the green light to renew the company's executive leadership, which is state-controlled, but with shares traded on the São Paulo, New York, and Madrid stock exchanges.

RIO DE JANEIRO, BRAZIL - The Board of Directors of Brazil's Petrobras approved on Friday as the new president of the state-owned oil company retired Army general Joaquim Silva e Luna proposed for the position by President Jair Bolsonaro.

In a statement sent to the financial market, Petrobras informed that its Board of Directors, in a meeting held today, "elected Joaquim Silva e Luna to the position of president of the company".

The body also gave the green light to renew the company's executive leadership, which is state-controlled, but with shares traded on the São Paulo . . .

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