Petrobras management exodus grows

摘要

Brazil’s state-controlled Petrobras is losing four senior executives as political interference by Brasilia continues to take its toll. Chief fnancial ofcer Andrea Almeida, upstream director Carlos Alberto Pereira de Oliveira, production director Rudimar Lorenzatto and logistics director Andre Chiarini decided not to renew their contracts, and will follow technocratic chief executive Roberto Castello Branco out of the door. Several board members had already said they would step down, and were quickly replaced. The shake-up follows President Jair Bolsonaro’s surprise appointment of Joaquim Silva e Luna as chief executive. Currently head of the Itaipu hydroelectric complex, Silva e Luna is a former army general and defence minister with no oil industry experience.