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Vale mining company CEO to head Petrobras board

Murilo Ferreira was elected on Wednesday during a general meeting with
Luciano Nascimento reports from Agência Brasil
Published on 30/04/2015 - 12:23
Brasília
Petrobras e Vale celebram  Protocolo de Intenções na area de fertilizantes
© Agência Petrobras
Petrobras e Vale celebram Protocolo de Intenções na area de fertilizantes

Murilo Ferreira, CEO of Vale mining company, was elected Wednesday (Apr. 29) to chair Petrobras's Board of Directors in an ordinary general meeting of the company's shareholders. Agência Petrobras

Murilo Ferreira, CEO of Vale mining company, was elected Wednesday (Apr. 29) to chair Petrobras's Board of Directors in an ordinary general meeting of the company's shareholders. He's been leading Vale – one of the world's leading mining companies – since 2011, and will take over at Petrobras from former Finance Minister Guido Mantega.

Ten board members were also chosen – seven of them were appointed by the government, one appointed by minority common share holders, one by minority preferred share holders, and another one by company employees.

The members appointed by the government had 66.36% of the vote of the attending shareholders. Besides Ferreira, Petrobras CEO Aldemir Bendine and Luciano Coutinho, the head of the National Economic and Social Development Bank (BNDES) were among the government representatives elected to the board.

The new workers' representative is Deyvid Bacelar, a coordinator at the Oil Workers' Union of Bahia (SINDIPETRO), to replace Silvio Sinedino.

The first meeting of the new Board is to take place on May 15.


Translated by Mayra Borges


Fonte: Vale mining company CEO to head Petrobras board