Petrobras top managers quit for clashing with incoming CEO s plans - source reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
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RIO DE JANEIRO (Reuters) - For many investors, President Jair Bolsonaro killed the dream of Brazil’s free-market renaissance with a Friday night Facebook post.
FILE PHOTO: Brazil s President Jair Bolsonaro speaks during a ceremony to launch a program to help new mayors, at Planalto Palace in Brasilia, Brazil, February 23, 2021. REUTERS/Ueslei Marcelino
In a curt public statement on Feb. 19, Bolsonaro canned the head of state-run oil firm Petrobras, who had infuriated the president by raising fuel prices. Bolsonaro then named a retired Army general with no experience in the oil and gas industry to lead Latin America’s biggest crude producer.
Insight: How a Petrobras sacking ended Bolsonaro s free-market flirtation marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
The chief compliance officer at Brazil's state-run oil company Petrobras has communicated plans to step down in March, four people familiar with the matter told Reuters, in what would be the third swap of the company's top corruption buster in three years.
Sabrina Valle, Gram Slattery
(Adds details on difficulties encountered by former compliance heads)
RIO DE JANEIRO, Jan 29 (Reuters) - The chief compliance officer at Brazil’s Petrobras is planning to step down in March, four people familiar with the matter told Reuters, in what would be the third exit by the state-owned oil firm’s top corruption buster in three years.
Petroleo Brasileiro SA, as the company is formally known, has already launched a process to find a possible replacement for Marcelo Zenkner, a former prosecutor who took the job in July 2019, said one of the sources, who like the others requested anonymity to discuss confidential matters.