Brazil’s Bolsonaro approached Castello Branco about being Petrobras CEO: sources By Reuters

0
190
© Reuters.  Arconic weighs $11 billion offer from Apollo: sources


© Reuters. Brazil’s Bolsonaro approached Castello Branco about being Petrobras CEO: sources

By Marta Nogueira and Alexandra Alper

RIO DE JANEIRO/SAO PAULO (Reuters) – Brazilian President-elect Jair Bolsonaro’s team approached Roberto Castello Branco, a former board member at state-controlled Petroleo Brasileiro SA (SA:) (Petrobras), about the possibility of his becoming its new chief executive, two people with knowledge of the matter said on Tuesday.

The sources, who asked for anonymity because they were not authorized to speak on the matter publicly, said Castello Branco initially turned down the idea. Bolsonaro’s main advisers did not immediately comment on the matter.

Castello Branco had recent meetings with the Bolsonaro team led by incoming Finance minister Paulo Guedes to discuss oil and mining issues, given his prior experience. Castello Branco has also been director at miner Vale SA (SA:).

The sources said that while Castello Branco did not commit immediately to the Petrobras post, he said he was willing to contribute to the elected government. The conversation did not represent a formal invitation, one of the sources said, adding that he might evaluate an offer if it came.

Castello Branco, currently a professor at Fundação Getulio Vargas (FGV), has a PhD from the University of Chicago, where Guedes also studied.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here