Petrobras Chairman calls it quits

Petrobras has informed that Guido Mantega, a former Brazilian finance minister, resigned from his position as member and Chairman of Petrobras Board of Directors.

The Board of Directors, in a meeting held yesterday, March 26, approved, by majority vote, the election of Board member Luciano Galvão Coutinho as Chairman of the Board, replacing Guido Mantega.

The Board did not elect a new member.

Luciano Galvão Coutinho has been a member of Petrobras Board of Directors since April 2008. He is also a member of the Board of Directors of Petrobras Distribuidora S.A. and has been the President of the National Bank for Economic and Social Development (BNDES) since April 2007.

This election, as stated in Brazilian law 6.404 and in the company’s bylaws, is valid until the next Shareholders Meeting.

According to Reuters, Coutinho is a close ally of President Dilma Rousseff, whom he taught economics, and is a supporter of her economic policy.

Due to a widening corruption scandal around the company, Petrobras CEO Maria das Graças Silva Foster and five other executives recently resigned. Petrobras later named Aldemir Bendine as its new CEO.

Share this article

Follow Offshore Energy Today

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

OWI LATAM 2019

Over the two-day conference, 25+ expert speakers will share exclusive insight on how to develop an integrity, production and P&A strategy…

read more >

Nigeria Oil & Gas Conference & Exhibition 2019

The annual meeting once again proved to be a great success, gathering over 700 industry professionals…

read more >

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

Gas Indonesia Summit 2019

Gas Indonesia Summit & Exhibition is returning for the fourth edition in Jakarta…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply