Petrobras to choose new CEO, board members

摘要

Rio de Janeiro—The Petrobras board will meet Friday to choose a new CEO and five other directors after top management executives resigned amid an ongoing corruption scandal, the state-led Brazilian company said Wednesday. The move was made to restore credibility at the company, which was blasted by analysts and investors after it failed to write down the value of assets involved in the bribery-and-kickback scheme when the company released unaudited third quarter 2014 financial statements in January.