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Financial News: PETROBRAS: Board Conducts Ivan Monteiro As Effective CEO

PETROBRAS: Board Conducts Ivan Monteiro As Effective CEO

06/05/2018 - 14:57:00 (RTTNews)

(RTTNews) - Petrobras' board of directors held an extraordinary meeting Monday to conduct Ivan Monteiro as effective CEO of the Brazilian state-owned oil company until March 26, 2019, after recommendation by President Michel Temer.

Monteiro should accumulate the presidency of the company along with the position of Petrobras' Chief Financial and Investor Relations Officer until a new director is elected.

The executive takes office after Pedro Parente's resignation last Friday as a result of the truck drivers' strike and pressure on the company's fuel price policy.

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