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UPDATE 3-Board of Petrobras approves shareholders meeting; end of the line for CEO

Gram Slattery, Marta Nogueira, Sabrina Valle 4 分钟阅读 (Adds information on fading executive rebellion, shareholders’ meeting) RIO DE JANEIRO, Feb 23 (Reuters) - The board of Brazilian state-run oil company Petrobras on Tuesday called an extraordinary shareholders’ meeting, a move that all but guarantees the exit of Chief Executive Roberto Castello Branco. In a statement, Petroleo Brasileiro SA, as the company is officially known, said it had called the meeting in response to a request by the nation’s Mines and Energy Ministry. At the meeting, shareholders are expected to formalize the replacement of Castello Branco with Joaquim Silva e Luna, a general picked by President Jair Bolsonaro.

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