Petrobras shares plummet after Bolsonaro pushes to appoint former army general as CEO

摘要

Petrobras’ senior management threatened to resign en masse on Friday after Brazilian president Jair Bolsonaro directed Petrobras to appoint a former army general as head of the state- controlled firm, in response to union pressure over diesel prices. Bolsonaro’s intervention caused Petrobras shares to plummet over the weekend as industry sources speaking to Gas Matters Today warned that the President’s imposition has frightened investors.