Brazil’s Petrobras executive management in talks on possible mass resignation – sources

6:58 pm Friday, February 19th, 2021

By Sabrina Valle

RIO DE JANEIRO (Reuters) – Petroleo Brasileiro SA’s executive management is considering resigning en masse after the Brazilian government decided to replace Chief Executive Roberto Castello Branco, three people close to the management said, asking not to be named as information is private.

President Jair Bolsonaro earlier said he had decided to appoint former Defense Minister Joaquim Silva e Luna as the state-controlled oil company’s CEO.

(Reporting by Sabrina Valle; Editing by Christian Plumb)

11 minutes ago

ECB’s Panetta calls for lower rates, forward guidance

14 minutes ago

XPeng forecasts upbeat fourth quarter revenue as new launches improve demand

20 minutes ago

Europe’s STOXX 600 hits three-month low after Russia’s nuclear doctrine