Incoming Petrobras CEO bets on insiders to lead the company
Joaquim Silva e Luna's decision to endorse seasoned company executives instead of outsiders sends message of continuity
16 April 2021 - 16:01
Rio de Janeiro — Incoming Petrobras CEO Joaquim Silva e Luna, an army veteran with no oil experience, has endorsed four career executives to head up key company divisions rather than bringing in more outsiders, people with knowledge of the matter said on Thursday.
The board of directors of Petroleo Brasileiro, as Brazil’s state-controlled company is formally known, meets on Friday to vote on the new division heads, the company said. The board is also expected to officially confirm Luna as CEO...
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