Petrobras confirms Parente as new CEO

Petrobras confirms Parente as new CEO

Brazilian oil company Petrobras has officially named Pedro Pullen Parente its new CEO.

The news comes merely as a confirmation of what has been known for ten days now, as, on May 20, Brazil’s interim president Michel Temer said Parente would take over the helm of the oil giant.

Petrobras on Monday, May 30, said it received a letter of resignation from Aldemir Bendine of Petrobras’ Board member and CEO positions. Aldemir Bendine also resigned from the office of Member of the Board of Petrobras Distribuidora – BR.

In light of the resignation presented, Petrobras said its Board of Directors held today an extraordinary meeting, in which elected engineer Pedro Pullen Parente as Petrobras’ Board member.

The Board, at the same meeting, also elected Pedro Parente to the position of CEO of the Company from 05.31.2016 and appointed the Human Resources, HSE and Services Officer Hugo Repsold Júnior to exercise the responsibilities of the CEO on an interim basis.

Petrobras also informs that has also received a letter of resignation from Board Member Luciano Galvão Coutinho and the position will remain vacant until the election of a new member of the Board.

Who si new CEO?

Below is Pedro Parente’s bio as shared by Petrobras:

Pedro Pullen Parente began his public service career at Banco do Brasil in 1971 and was transferred to the Central Bank in 1973, in both cases following public examination. He has been a consultant for the International Monetary Fund and public institutions in Brazil, including several State Departments and the National Constituent Assembly of 1988, and has occupied various government positions in the economics area. He was Minister of State between 1999 and 2002, having led the team handling the transition from President Fernando Henrique Cardoso’s government to President Lula’s administration. During this period, he played an important role as President of the Energy Crisis Management Chamber. He was a member of the Board of Directors of Petrobras between March 24,

He was Minister of State between 1999 and 2002, having led the team handling the transition from President Fernando Henrique Cardoso’s government to President Lula’s administration. During this period, he played an important role as President of the Energy Crisis Management Chamber.

He was a member of the Board of Directors of Petrobras between March 24, 1999 and December 31, 2002 and Chairman of the Board as of March 25, 2002. He was Chief Operating Officer of RBS Group between 2003 and 2009 and President and CEO of Bunge Brasil from 2010 to 2014. He is currently a member of the Board of Directors of SBR-Global, as well as an Executive Partner of the Prada group of consulting and financial advisory companies. He has also been Chairman of the Board of Directors of the BM&FBOVESPA – Securities, Commodities and Futures Exchange since March 2015.

He was Chief Operating Officer of RBS Group between 2003 and 2009 and President and CEO of Bunge Brasil from 2010 to 2014. He is currently a member of the Board of Directors of SBR-Global, as well as an Executive Partner of the Prada group of consulting and financial advisory companies. He has also been Chairman of the Board of Directors of the BM&FBOVESPA – Securities, Commodities and Futures Exchange since March 2015.

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